07 Apr Kang said she actually is read to trust her gut in terms to creating conclusion
Shana Lebowitz
- Java Suits Bagel is actually a matchmaking application, launched from inside the 2012, that gives a curated sense.
- In the 2015, new Java Meets Bagel cofounders featured towards the "Shark Tank," in which it denied Mark Cuban's offer supply them $31 mil for the entire providers.
- Cofounder Dawoon Kang told you she actually is convinced that is actually the best choice, regardless if others entitled her and her cofounders money grubbing.
When Dawoon, Arum, and you will Soo Kang walked onto the "Shark Tank" phase for the 2015, these were hoping to get an offer off Mark Cuban, who it sensed the absolute most technical-savvy of the many four investors.
Brand new Kang sisters were pitching Coffees Suits Bagel, an internet dating application you to, at that time, linked users with nearest and dearest out of relatives and you may provided suits merely eight days to connect. They certainly were inquiring the newest sharks for $500,000 in exchange for 5% of one's providers.
This new resulting replace made for probably one of the most remarkable attacks previously aired. Cuban is the first of your own traders so you're able to declare himself "out" - but just as the fresh new Kang sisters were about to walk off the fresh new phase, he given them $29 billion for the whole providers. It absolutely was the biggest render from inside the "Shark Tank" record.
The brand new Kangs declined the offer. "We come across this business increasing as huge as Meets," Arum Kang informed the latest whales, incorporating one to Meets is as a good mil-money company. (Within the 2017, Suits Classification, the business that is the owner of Match as well as Tinder or other online dating services, had $step 1.33 billion into the money.)