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

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

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

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

? — The Kang sisters, Soo, Dawoon and Arum, stunned every person if they said no to $30 million, walking far from Mark Cuban’s record-setting offer for his or her app that is dating on “Shark Tank” earlier in the day this year.

“We got so numerous email messages, ‘You sisters are incredibly crazy! What exactly are you thinking?’” Dawoon Kang told “Nightline.” “Seeing most of the remarks and reviews … i need to wonder, being called ‘greedy,’ ‘gold digger,’ would we now have been called those names when we are not females? I’d 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 grow to be a brave, bold and move that is visionary Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, is really worth a great deal more, specially given that Tinder is respected at $1.5 billion.

Coffee matches Bagel, that has raised $7.8 million in outside financing and contains a lot more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as an alternative for anyone sick and tired with over-sexualized times the chesapeake escort twitter siblings state are on other services that are dating. Rather 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 who has got utilized tinder has one or many tales of this types of behavior males display on Tinder … it is maybe perhaps perhaps not the best experience and … it seems creepy.”

Coffee suits Bagel is free together with application 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 a couple “Like” one another, then your application will start a personal talk 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 niche that is crowded software market, rising against apps like Tinder, Hinge, Bumble as well as the League, that are all vying with their little bit of the predicted $2 billion internet dating industry.

But unlike Tinder, where 58 per cent of its users are male in accordance with their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings say that’s because their users are seeking love, definitely not intercourse.

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

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

“once I first relocated right right right here we came across a number of guys 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 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 great deal in common,” Miller said. “ He has got a personality that is great. I like 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 property workplace in new york, they’ve a wall surface of popularity specialized in a number of their very early users whom finished up marrying their matches. In reality, the siblings 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.