Today Shark Tank: How’s Coffee Meets Bagel Doing?

Today Shark Tank: How’s Coffee Meets Bagel Doing?

Shark Tank provides entrepreneurs in the early stages of developing their company an amazing chance to gain financing to advance their organizations further. A vast range of business ideas have been presented to the Sharks over the years. Although some of the have now been a flop, there were numerous innovative and unique companies that have actually impressed the Sharks while they revealed huge potential. One such proven fact that the Sharks revealed fascination with was Coffee Meets Bagel.

Coffee satisfies Bagel is just a dating and social network web site that had been launched in April 2012 by siblings Arum, Dawoon, and Soo Kang. The siblings made a bid for investment in a episode of Shark Tank that aired in January 2015. They desired a good investment of $500,000 in return for 5% of the business.

Their pitch impressed the Sharks therefore much that Mark Cuban made the biggest bid into the reputation for the show. Instead of offering the sisters the $500,000 they desired for a 5% stake, he offered them $30 million for the business that is entire. This bid astounded watchers and Cuban’s that is even surprised fellow.

But, the Kang siblings are not ready to spend their company and, towards the alarm of many people, switched straight down the offer. They explained they believed their business would be more valuable compared to the offer produced by Mark Cuban and that they wished to retain control over the company they created is cupid com a good dating site | Cupid.Reviews.

The rejection resulted in a backlash contrary to the three ladies, specially on social networking. Individuals criticized their decision together with ladies felt which they were the victims of sexism against feamales in company. Individuals additionally described them since greedy for wanting additional money with regards to their business as well as for having to pay on their own an income of $100,000 a 12 months each. Once again, the ladies defended this choice by stating that the price of residing in bay area, in which the continuing company is based, is high and they had struggled to obtain absolutely nothing while developing the business. Continue reading “Today Shark Tank: How’s Coffee Meets Bagel Doing?”