Kang said she is read to trust their unique instinct with regards to to making decisions
Shana Lebowitz
- Java Fits Bagel is actually a matchmaking application, launched inside the 2012, that offers a curated experience.
- For the 2015, the new Coffees Matches Bagel cofounders seemed to your “Shark Container,” in which it denied Draw Cuban’s provide to provide all of them $30 mil for the whole providers.
- Cofounder Dawoon Kang told you this woman is convinced that was suitable choice, no matter if other people called their and her cofounders money grubbing.
Whenever Dawoon, Arum, and you can Soo Kang wandered onto the “Shark Tank” phase from inside the 2015, these were looking to get a deal out-of Draw Cuban, whom they experienced the essential technology-experienced of all four people.
The fresh Kang sisters were pitching Java Suits Bagel, a dating software that, during the time, connected users which have loved ones regarding family members and offered suits only seven months to get in touch. These people were asking this new sharks to possess $five hundred,000 in exchange for 5% of your own business.
The fresh resulting replace designed for just about the most dramatic symptoms actually ever shown. Cuban try the initial of the investors to state himself “out” – but just as this new Kang sisters were about to disappear this new phase, he provided all of them $31 mil for your organization. It absolutely was the biggest offer inside the “Shark Tank” history.
New Kangs declined the deal. “We come across this business expanding as large as Meets,” Arum Kang told the latest whales, incorporating you to definitely Meets are getting a billion-money business. (Inside the 2017, Matches Group, the firm one owns Fits as well as Tinder and other dating services, got $step 1.33 billion inside the funds.)