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

The Kang siblings developed the successful relationship software, Coffee Meets Bagel.

В— — The Kang siblings, Soo, Dawoon and Arum, stunned everyone else if they said no to $30 million, walking far from Mark Cuban’s record-setting offer because of their app that is dating on “Shark Tank” early in the day this present year.

“We got therefore emails that are many ‘You sisters are incredibly crazy! Exactly what are you thinking?’” Dawoon Kang told “Nightline.” “Seeing most of the responses 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.”

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.

However it would probably turn into a courageous, bold and move that is visionary Soo, 35, Dawoon and Arum, both 32, believe their dating application, Coffee Meets Bagel, will probably be worth much more, particularly given that Tinder is respected at $1.5 billion.

Coffee suits Bagel, which includes raised $7.8 million in outside capital and has now 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 concentrate on quality over amount.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any girl that has used tinder has one or numerous tales associated with the forms of behavior guys display on Tinder … it is perhaps maybe not the maximum experience and … it seems creepy.”

Coffee matches Bagel is free plus the software provides one match, or even a “Bagel,” by noon each time, in accordance with its site. Users have actually a day to choose either to “Like” or “Pass” to their Bagel, if two different people “Like” one another, then your application will start a personal talk to allow them to set up a night out together, which only can last for a week. Bagels are determined through a 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 niche that is crowded app market, rising against apps like Tinder, Hinge, Bumble together with League, that are all vying with regards to their little bit of the projected $2 billion online dating sites industry.

But unlike Tinder, where 58 per cent of the users are male based on their data, Coffee Meets Bagels boast a majority of feminine users. The Kang siblings state that is because their users are seeking love, definitely not intercourse.

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

“Women constitute nearly 50 % of Tinder’s individual base,” Tinder stated in a declaration to ABC Information, and “there are an incredible number of ‘swiped right’ stories that demonstrate Tinder is producing significant and connections that are lasting the planet.”

Jamie Miller, whom simply relocated to san francisco bay area from a tiny city in Ohio, tried Coffee satisfies Bagel because she wished to weed out of the weirdos.

“once I first relocated right here we met a 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 https://hookupdate.net/loveagain-review/ very very 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 plenty 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 grow to be “the one” or otherwise not, the Kang sisters are certain that Coffee Meets Bagel has what must be done to revolutionize the relationship game.

At their property workplace in new york, they usually have a wall surface of popularity specialized in several of their users that are early wound up marrying their matches. In reality, the siblings state they have been now producing about 500 couples per with more than 200 marriages and 20,000 relationships as a result of matches through their app week.

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