Today where Coffee Meets Bagel, the Dating App Startup That Turned Down $30M ‘Shark Tank’ Offer, Is

The Kang sisters developed the dating that is successful, Coffee Meets Bagel.

В— — The Kang siblings, Soo, Dawoon and Arum, stunned every person once they said no to $30 million, walking far from Mark Cuban’s record-setting offer due to their app that is dating on “Shark Tank” earlier in the day in 2010.

“We got so emails that are many ‘You sisters are incredibly crazy! Exactly what are you thinking?’” Dawoon Kang told “Nightline.” “Seeing most of the feedback and reviews … i need to wonder, being called ‘greedy,’ ‘gold digger,’ would we now have been called those names whenever we are not females? I experienced to wonder that.”

We would probably be called ‘Bold“If we were men! Visionary! Brave’ for rejecting. Needless to say we weren’t called that,” Arum Kang added, laughing.

Nonetheless it might easily turn into a courageous, bold and move that is visionary Soo, 35, Dawoon and Arum, both 32, believe their dating application, Coffee Meets Bagel, may be worth a great deal more, particularly given that Tinder is respected at $1.5 billion.

Coffee matches Bagel, that has raised $7.8 million in outside financing and has now a lot more than doubled its individual base since appearing on “Shark Tank” in January, markets itself as a substitute for all sick and tired of over-sexualized dates the siblings state are on other online dating services. Alternatively it fixes up individuals up with matches that give attention to quality over volume.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any girl who’s got utilized tinder has one or numerous tales associated with the types of behavior males display on Tinder … it is maybe not the best experience and … it seems creepy.”

Coffee matches Bagel is free as well as the application delivers one match, or even a “Bagel,” by noon each time, relating to its site. Users have actually twenty four hours to choose either to “Like” or “Pass” to their Bagel, of course a couple “Like” one another, then your application will start an exclusive talk to allow them to set a date up, which just can last for 7 days. Bagels are determined through a computer algorithm that combs through users’ Twitter buddies and “friends of friends,” assessing passions and personal experiences to match users with pages similar to theirs.

But Coffee Meets Bagels faces competition in a crowded niche dating application market, increasing against apps like Tinder, Hinge, Bumble additionally the League, that are all vying for his or her bit of the believed $2 billion internet dating industry.

But unlike Tinder, where 58 percent of the users are male relating to their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings state that is because their users are searching for love, definitely not intercourse.

Coffee satisfies Bagel, the Dating App that Turned Down ‘Shark Tank’ Offer

“Females constitute nearly 50 % of Tinder’s individual base,” established men review Tinder stated in a declaration to ABC Information, and “there are scores of ‘swiped right’ stories that reveal Tinder is producing significant and connections that are lasting the entire world.”

Jamie Miller, whom simply relocated to bay area from a little city in Ohio, tried Coffee matches Bagel because she wished to weed the weirdos out.

“When I first relocated right right here I met a small number of dudes but I felt like nobody took it seriously,” she said. “Just, ‘Hey nice to generally meet you… bye…’ and I also want something a lot more than that.”

Her very first “Bagel” had been Zach, a 26-year-old company designer for the next start-up, plus in conversing with one another, they both discovered he football, and her cross country out they had athletics in common.

“We have actually a whole lot in typical,” Miller said. “ He has got a personality that is great. I enjoy him to date. It’s the start.”

Whether this Bagel will become “the one” or otherwise not, the Kang siblings are certain that Coffee Meets Bagel has what must be done to revolutionize the relationship game.

At their house workplace in nyc, they will have a wall of fame focused on a number of their very early users who finished up marrying their matches. In reality, the sisters state they’ve been now creating about 500 partners per with more than 200 marriages and 20,000 relationships as a result of matches through their app week.

“At the finish of the time we knew we made the decision that is right” Dawoon Kang stated.