Mark Cuban offered them million for the company (the largest offer on the show at the time), but they turned him down.
The Kang sisters went on to raise .8 million in series A funding. CMB has now made more than 2.5 billion introductions and created more than 50,000 happy couples.
The Kang sisters went on to raise .8 million in series A funding.
CMB has now made more than 2.5 billion introductions and created more than 50,000 happy couples.
takeout on Seamless or the perpetual swipe-ability to find a date on Tinder.
However, Dawoon Kang, 33, COO of Coffee Meets Bagel, says that the most important thing to women in on online dating isn’t options – it’s control.
This focus on meaningful relationships is also what has helped the company monetize the app, says Kang.
Engaging on the app — whether it is to connect with a bagel or pass — is rewarded with "coffee beans," which are currency to buy more bagels. The app took off after the sisters appeared on Shark Tank to pitch their idea in January 2015.
Her father started a scrap metal company in Korea with his brother that has been running for almost 30 years.
“We grew up watching him build his dream,” said Kang.
It's so named because women get to make the first move: Male users will receive up to 21 matches at noon each day, then female users will get potential matches based on the men who have already "liked" them.
Explains Kang: “Men love selection and women are selective.” Though CMB has found that only 27 percent of conversations on the app are initiated by women, Kang hopes that #Ladies Choice will give women more confidence to reach out first since they already know that their matches like them.