Dating app turned down funding on shark tank

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dating app turned down funding on shark tank

The founders of dating website Coffee Meets Bagel swiftly rejected the largest offer in Shark Tank history. service, the Kangs refused to share a specific number, saying the app had between 100,000 and 500,000 users. the Kangs had already secured $2.8 million in funding from investors including. 3 Million-Dollar Businesses That Turned Down Shark Tank Many times, large sums of money are offered to the entrepreneurs in exchange for equity. Their online dating site used Facebook profiles to recommend matches based on a. Coffee Meets Bagel CEO on turning down $30M on Shark Tank, working with family, and I was partially interested in the field of micro-finance for economic development and What about joining the dating app landscape?

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Coffee Meets Bagel

Coffee Meets Bagel is a San Francisco–based dating and social networking service.[2]

History[edit]

Coffee Meets Bagel was created by three sisters: Arum, Dawoon, and Soo Kang.[3] The app was launched in New York City on April 17, 2012.[4]

In September 2012, the company announced that it had raised seed funding of $600,000 led by Lightbank, with Match.com co-founder Peng T. Ong also investing.[5][6]

Coffee Meets Bagel launched in Boston on May 10, 2012 and in San Francisco on October 24, 2012.[7][8]

In January 2015, Coffee Meets Bagel was featured on Shark Tank. Mark Cuban, who had declared he was "out" because of the founders' refusal to name their exact daily user count, offered them $30 million to purchase the entire company but they declined.[9][10][11]

In February 2015, the company announced a $7.8 million Series A financing round led by existing investor DCM Ventures.[12]

In May 2018, the company raised $12 million in Series B funding led by Atami Capital.[13]

User personal data breach[edit]

In February 2019, Coffee Meets Bagel acknowledged that an attacker had stolen "a partial list of user details, specifically names and email addresses", between late 2017 and mid-2018. Outside reporting indicated that as many as 6,174,513 accounts may have been affected, and that other details including age and gender may have been taken as well.[14]

Features[edit]

Features of the Coffee Meets Bagel app include limiting the number of profiles users can interact with each day and offering ice-breaker information for matches.[15][16]

See also[edit]

References[edit]

  1. ^Meyer, Anna (19 October 2018). "If You're an Entrepreneur, Dating Is Really, Really Hard. But It Doesn't Have to Be". Inc. Retrieved 22 June 2019.
  2. ^"Coffee Meets Bagel". crunchbase.com. Retrieved 2014-10-31.
  3. ^Walravens, Samantha (13 February 2017). "How This Sister-Run Business Is Changing The Dating Game". Forbes. Retrieved 22 June 2019.
  4. ^"Coffee Meets Bagel Turns Online Dating Into A Daily "Deal"". techcrunch.com. Retrieved 2014-10-31.
  5. ^Kolodny, Lora (26 September 2012). "Coffee Meets Bagel Seeded With $600K for Daily Deals-Inspired Dating". The Wall Street Journal. Retrieved 22 June 2019.
  6. ^Etherington, Darrell (26 September 2012). "Daily Dating Site Coffee Meets Bagel Lands $600K From Lightbank, Match.com Co-Founder". TechCrunch. Retrieved 22 June 2019.
  7. ^"Coffee Meets Bagel Launches in Boston: Finding Love One Day and Person at a Time". bostinno.streetwise.co. Retrieved 2014-10-31.
  8. ^"Coffee Meets Bagel Looks For Young, Tech Savvy Love With Today's San Francisco Launch". forbes.com. Retrieved 2014-10-31.
  9. ^Winfrey, Graham (12 January 2015). "Why These Entrepreneurs Turned Down $30 Million From Mark Cuban". Inc. Retrieved 22 June 2019.
  10. ^Kim, Susanna (13 January 2015). "The San Francisco Startup That Wouldn't Bite on $30M 'Shark Tank' Tease". ABC News. Retrieved 22 June 2019.
  11. ^Lebowitz, Shana (Jun 12, 2018). "When the founders of dating app Coffee Meets Bagel turned down Mark Cuban's $30 million offer on 'Shark Tank' 3 years ago, they got dozens of emails calling them 'crazy,' 'greedy,' and 'stupid' — but they still aren't sorry". Business Insider. Retrieved July 31, 2018.
  12. ^Entis, Laura (18 February 205). "The Dating App That Refused Mark Cuban's $30 Million Buyout Offer Just Raised $7.8 Million in Funding". Entrepreneur. Retrieved 22 June 2019.
  13. ^Marinova, Polina (31 May 2018). "Term Sheet -- Thursday, May 31". Fortune. Retrieved 22 June 2019.
  14. ^Williams, Chris (11 February 2019). "620 million accounts stolen from 16 hacked websites now for sale on dark web, seller boasts". The Register. Retrieved 14 February 2019.
  15. ^"How game theory improves dating apps". 1843. 2016-11-07. Retrieved 2017-04-19.
  16. ^"Coffee Meets Bagel Review". Askmen. July 30, 2009.

External links[edit]

Источник: https://en.wikipedia.org/wiki/Coffee_Meets_Bagel
dating app turned down funding on shark tank

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