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

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

Shark Tank gives business owners in the early phases of developing their business an amazing chance to gain capital 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 already been a flop, there were numerous revolutionary and unique organizations that have actually impressed the Sharks while they revealed huge potential. One idea that is such the Sharks revealed fascination with was Coffee Meets Bagel.

Coffee satisfies Bagel is just a dating and social network internet site that was released in April 2012 by siblings Arum, Dawoon, and Soo Kang

The siblings made a bid for investment in a bout of Shark Tank that aired in January 2015. They desired a good investment of $500,000 in return for 5% of the company.

Their pitch impressed the Sharks therefore much that Mark Cuban made the biggest bid within the reputation for the show. As opposed to providing the siblings the $500,000 they desired for the 5% stake, he offered them $30 million for the whole company. This bid astounded viewers and Cuban’s that is even surprised fellow.

But, the Kang siblings are not happy to part with their company and, towards the security of several people, switched along the offer. They explained which they thought their company would be more valuable compared to the offer produced by Mark Cuban and they wished to retain control of the business enterprise they created.

The rejection generated a backlash from the three ladies, specially on social media marketing.