The Kang siblings created the profitable dating application, java Meets Bagel.
Java satisfies Bagel, the relationship software that rejected ‘Shark Tank’ Offer
— The Kang sisters, Soo, Dawoon and Arum, stunned every person once they stated no to $30 million, strolling far from level Cuban’s record-setting present for his or her online dating software on ABC’s “Shark Tank” before this year.
“We had gotten countless email messages, ‘You sisters are incredibly crazy! What Exactly Are your thinking?’” Dawoon Kang told “Nightline.” “Seeing all of the opinions and evaluations … i must ask yourself, becoming known as ‘greedy,’ ‘gold digger,’ would we have been labeled as those names if we weren’t female? I Got to inquire that.”
“If we were people, we might probably be labeled as ‘Bold! Visionary! Brave’ for rejecting. Definitely we weren’t known as that,” Arum Kang included, chuckling.
Nonetheless it would probably grow to be a brave, strong and visionary action because Soo, 35, Dawoon and Arum, both 32, believe her dating app, Coffee satisfies Bagel, is definitely worth a great deal more, especially now that Tinder was cherished at $1.5 billion.
Coffee matches Bagel, which has raised $7.8 million in outside financial support and also significantly more than doubled its user base since appearing on “Shark container” in January, marketplaces by itself as a replacement pertaining to anyone fed up with over-sexualized dates the sisters state are on various other online dating services. Instead it fixes up group with fits that concentrate on quality over number.
“We desire name our selves the anti-Tinder,” Arum stated. “Any woman having made use of tinder provides one or lots of tales for the forms of actions people exhibit on Tinder … it’s maybe not the maximum experiences and … they feels creepy.”
Coffees suits Bagel is free of charge therefore the app provides one match, or a “Bagel,” by noon every single day, based on its website. Customers posses 24 hours to decide on often to “Like” or “Pass” to their Bagel, and in case a couple “Like” both, then your application will opened an exclusive chat for them to install a night out together, which just lasts for seven days. Bagels were determined through some type of computer formula that combs through people’ Twitter family and “friends of pals,” evaluating appeal and personal encounters to suit customers with users comparable to theirs.
But java Meets Bagels face competition in a packed niche online dating application industry, rising against applications like Tinder, Hinge, Bumble in addition to category, which have been all vying with regards to their little bit of the projected $2 billion online dating sector.
But unlike Tinder, in which 58 per cent of their customers are male based on her studies, coffees Meets Bagels boast most female users. The Kang siblings say that’s because their own consumers are searching for really love, definitely not intercourse.
“ladies constitute almost 1 / 2 of Tinder’s individual base,” Tinder mentioned in an announcement to ABC Information, and “you will find many ‘swiped proper’ reports that show Tinder are generating important and lasting contacts all over the world.”
Jamie Miller, which simply gone to live in bay area from limited community in try this out Ohio, experimented with Coffee matches Bagel because she desired to get rid of the weirdos.
“As I very first relocated here I fulfilled a few men but we felt like no-one grabbed it honestly,” she said. “Just, ‘Hi good to get to know your… bye…’ and that I want some thing more than that.”
The girl earliest “Bagel” was actually Zach, a 26-year-old businesses developer for another start-up, plus in speaking with each other, both found out they had athletics in common, the guy football, and her cross-country.
“We bring a large amount in keeping,” Miller mentioned. “He has the character. I really like him up to now. It’s the start.”
Whether this Bagel will grow to be “the one” or otherwise not, the Kang sisters include confident that java matches Bagel keeps what must be done to change the dating games.
At their home company in new york, they will have a wall of popularity dedicated to some of their early users just who ended up marrying her fits. In fact, the siblings say these include today creating about 500 partners every week, using more than 200 marriages and 20,000 affairs as a result of matches through her application.
“At the termination of the afternoon we know we generated best choice,” Dawoon Kang said.