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

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

В— — The Kang siblings, Soo, Dawoon and Arum, stunned everybody once they said no to $30 million, walking far from Mark Cuban’s record-setting offer because of their dating application on ABC’s “Shark Tank” earlier in the day in 2010.

“We got therefore emails that are many ‘You sisters are so crazy! What exactly are you thinking?’” Dawoon Kang told “Nightline.” “Seeing all of the remarks and reviews if we were not women… I have to wonder, being called ‘greedy,’ ‘gold digger,’ would we have been called those names? I experienced to wonder that.”

“If we were males, we might oftimes be called ‘Bold! Visionary! Brave’ for rejecting. Needless to say we weren’t called that,” Arum Kang added, laughing.

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

Coffee satisfies Bagel, that has raised $7.8 million in outside capital and contains a lot more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as a substitute for everyone sick and tired with over-sexualized times the siblings state are on other services that are dating. Alternatively it fixes up individuals up with matches that give attention to quality over amount.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any woman who may have utilized tinder has one or numerous stories associated with forms of behavior males display on Tinder … it is perhaps not the best experience and … it seems creepy.”

Coffee matches Bagel is free additionally the software provides one match, or a “Bagel,” by noon each according to its website day. Users have actually a day to choose either to “Like” or “Pass” on the Bagel, and when two different people “Like” one another, then your application will open a personal chat to allow them to set a date up, which just can last for a week. Bagels are determined through some type of computer algorithm that combs through users’ Twitter buddies and “friends of friends,” assessing passions and experiences that are personal match users with pages similar to theirs.

But Coffee Meets Bagels faces competition in a crowded niche dating application market, rising against apps like Tinder, Hinge, Bumble together with League, that are all vying with their little bit of the believed $2 billion online dating sites industry.

But unlike Tinder, where 58 per cent of the users are male relating to their data, Coffee Meets Bagels boast hookupdate.net/the-league-review a lot of feminine users. The Kang siblings state that’s because their users are searching for love, definitely not intercourse.

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

“Females constitute nearly 1 / 2 of Tinder’s individual base,” Tinder stated in a declaration to ABC Information, and “there are millions of ‘swiped right’ stories that reveal Tinder is producing significant and lasting connections around the entire world.”

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

“once I first relocated right here we came across a number of dudes but I felt like no body took it seriously,” she said. “Just, ‘Hey nice to generally meet you… bye…’ and I also want something significantly more than that.”

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

“We have actually a great deal in typical,” Miller said. “ He has a great character. I enjoy him up to now. It’s the start.”

Whether this Bagel will turn into “the one” or otherwise not, the Kang siblings are confident that Coffee Meets Bagel has the required steps to revolutionize the relationship game.

At their house workplace in new york, they will have a wall of popularity aimed at a number of their users that are early finished up marrying their matches. In reality, the sisters state they’ve been now creating about 500 partners per week, with over 200 marriages and 20,000 relationships because of matches through their application.

“At the termination of a single day we knew we made the right decision,” Dawoon Kang stated.