The Kang siblings developed the dating that is successful, Coffee Meets Bagel.
Coffee matches Bagel, the Dating App that Turned Down ‘Shark Tank’ Offer
? — The Kang sisters, Soo, Dawoon and Arum, stunned everyone else 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 present year.
“We got therefore numerous email messages, ‘You sisters are incredibly crazy! Exactly what are you thinking?’” Dawoon Kang told “Nightline.” “Seeing all of the reviews and reviews … i need to wonder, being called ‘greedy,’ ‘gold digger,’ would we now have been called those names whenever we are not ladies? I had to wonder that.”
“If we had been guys, we’d 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 courageous, bold and visionary move because Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, will probably be worth a great deal more, particularly given that Tinder is respected at $1.5 billion.
Coffee matches Bagel, which includes 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 of over-sexualized times the sisters state are on other online dating services. Rather 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 of this types of behavior guys display on Tinder … it is perhaps perhaps maybe not the best experience and … it seems creepy.”
Coffee satisfies Bagel is free while the application delivers 
one match, or a “Bagel,” by noon each time, in accordance with its web site. Users have actually a day to choose either to “Like” or “Pass” on the Bagel, and when a couple “Like” one another, then your software will start an exclusive talk in order for them to set a date up, which just can last for 7 days. Bagels are determined through some type of computer algorithm that combs through users’ Twitter friends 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 software market, rising against apps like Tinder, Hinge, Bumble additionally the League, that are all vying with regards to their piece of the predicted $2 billion online dating sites industry.
But unlike Tinder, where 58 per cent of its users are male based on their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings state that’s because their users are searching for love, definitely not intercourse.
“Females make up nearly 1 / 2 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 whole world.”
Jamie Miller, who 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 right right here I came across a small 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 a lot more than that.”
Her very first “Bagel” ended up being 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 typical,” Miller said. “ He has got a great character. I enjoy him to date. It’s the beginning.”
Whether this Bagel will grow to be “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 office in new york, they usually have a wall surface of popularity focused on 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 week, with an increase of than 200 marriages and 20,000 relationships as a consequence of matches through their application.
“At the termination of the afternoon we knew we made the decision that is right” Dawoon Kang stated.