The Kang sisters developed the successful relationship software, Coffee Meets Bagel.
The Kang siblings, Soo, Dawoon and Arum, stunned every person once they said no to $30 million, walking far from Mark Cuban’s record-setting offer due to their dating app on ABC’s “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 feedback 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. ”
“If we had been guys, we might oftimes be called ‘Bold! Visionary! Brave’ for rejecting. Needless to say we weren’t called that, ” Arum Kang added, laughing.
Nonetheless it might easily turn into a courageous, bold and move that is visionary Soo, 35, Dawoon and Arum, both 32, believe their dating application, Coffee Meets Bagel, may be worth much more, specially given that Tinder is respected at $1.5 billion.
Coffee satisfies Bagel, that has raised $7.8 million in outside financing and has now a lot more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as a substitute for the people sick and tired with over-sexualized times the siblings state are on other online dating services. Rather it fixes up individuals up with matches that concentrate on quality over volume.
“We like to phone ourselves the anti-Tinder, ” Arum stated. “Any girl who may have utilized tinder has one or numerous tales for the types of behavior males display on Tinder … it is perhaps perhaps not the best experience and … it seems creepy. ”
Coffee matches Bagel is free plus the software provides one match, or a “Bagel, ” by noon each time, relating to its internet site. Users have actually a day to choose either to “Like” or “Pass” on the Bagel, of course two different people “Like” one another, then your application will start a personal talk to allow them to set up a romantic date, 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 individual experiences to match users with pages similar to theirs.
But Coffee Meets Bagels faces competition in a niche that is crowded software market, increasing against apps like Tinder, Hinge, Bumble plus the League, that are all vying for his or her little bit of the calculated $2 billion online dating sites industry.
But unlike Tinder, where 58 % of its users are male in accordance with their data, Coffee Meets Bagels cheekd boast a lot of feminine users. The Kang siblings say that’s because their users are seeking love, not always intercourse.
“Females 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 reveal Tinder is producing significant and connections that are lasting the planet. “
Jamie Miller, who simply moved to 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 right here we 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 significantly more than that. ”
Her very 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 out they’d athletics in accordance, he soccer, along with her cross-country.
“We have actually a great deal 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 turn into “the one” or otherwise not, the Kang siblings are confident that Coffee Meets Bagel has what must be done to revolutionize the relationship game.
At their house workplace in new york, they’ve a wall surface of fame aimed at a few of their users that are early finished up marrying their matches. In fact, the siblings state they’ve been now producing 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 afternoon we knew we made the right decision, ” Dawoon Kang stated.