The Kang siblings developed the successful relationship software, Coffee Meets Bagel.

В— — The Kang siblings, Soo, Dawoon and Arum, stunned everybody if they said no to $30 million, walking far from Mark Cuban’s record-setting offer with their dating app on ABC’s “Shark Tank” early in the day this season.

“We got therefore numerous emails, ‘You sisters are incredibly crazy! What exactly are you thinking?’” Dawoon Kang told “Nightline.” “Seeing most of the commentary and reviews if we were not women… I have to wonder, being called ‘greedy,’ ‘gold digger,’ would we have been called those names? I’d to wonder that.”

We would probably be called ‘Bold“If we were men! Visionary! Brave’ for rejecting. Needless to say we weren’t called that,” Arum Kang added, laughing.

However it would probably turn into a brave, bold and visionary move because Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, may be worth a great deal more, specially given that Tinder is respected at $1.5 billion.

Coffee matches Bagel, that has raised $7.8 million in outside financing and it has a lot more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as a substitute for people sick and tired with over-sexualized times the siblings say are on other services that are dating. Alternatively it fixes up individuals up with matches that concentrate on quality over amount.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any girl who’s got utilized tinder has one or numerous tales of this types of behavior males exhibit on Tinder … it is perhaps maybe not the best experience and … it seems creepy.”

Coffee suits Bagel is free plus the software arablounge search provides one match, or even a “Bagel,” by noon each according to its website day. Users have actually a day to choose either to “Like” or “Pass” on the Bagel, and in case two different people “Like” one another, then a application will open a personal talk to allow them to set up a romantic date, which only can last for 7 days. Bagels are determined through some type of computer algorithm that combs through users’ Twitter buddies and “friends of friends,” assessing passions and experiences that are personal match users with profiles similar to theirs.

But Coffee Meets Bagels faces competition in a crowded niche dating app market, increasing against apps like Tinder, Hinge, Bumble therefore 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 per cent of the users are male based on their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings state that is because their users are seeking love, definitely not intercourse.

Coffee satisfies Bagel, the Dating App that Turned Down ‘Shark Tank’ Offer

“Females constitute nearly 1 / 2 of Tinder’s individual base,” Tinder stated in a declaration to ABC Information, and “there are an incredible number of ‘swiped right’ stories that show Tinder is producing meaningful and connections that are lasting the whole world.”

Jamie Miller, who simply relocated to san francisco bay area from a little city in Ohio, tried Coffee suits Bagel because she desired to weed the weirdos out.

“once I first relocated here we came across a few dudes but I felt like nobody took it seriously,” she said. “Just, ‘Hey nice to generally meet you… bye…’ and I also want something a lot more than that.”

Her very very first “Bagel” had been Zach, a 26-year-old company designer for another start-up, as well as in conversing with one another, they both discovered he football, and her cross country out they had athletics in common.

“We have actually a whole lot in typical,” Miller said. “ He has got a great character. I enjoy him to date. It’s the start.”

Whether this Bagel will turn into “the one” or perhaps not, the Kang siblings are certain 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 popularity focused on a few of their users that are early finished up marrying their matches. In fact, the siblings state they truly are now producing about 500 couples per week, with over 200 marriages and 20,000 relationships because of matches through their application.

“At the termination of the afternoon we knew we made the right decision,” Dawoon Kang stated.