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Dawoon Kang is COO of Coffee Meets Bagel. (Photo courtesy of Coffee Meets Bagel)
That is among the tips for success behind Coffee Meets Bagel (or CMB), the female-centric relationship app started by Kang along with her two siblings, Arum, 33, and Soo, 35, on Valentine’s Day in 2012. Unlike the nearly endless quantity of swipes available on its competition, Kang’s software provides each individual a few of “bagels” (or matches) every day at noon. Because of this females do not waste their time swiping and can get a handle on the discussion since users just have actually 7 days to react and set up a night out together. Engaging in the app — whether it’s to get in touch with a pass or bagel— is rewarded with “coffees,” which are money to purchase more bagels. Users may also provide and take matches for other individuals.
The software shot to popularity following the siblings showed up on Shark Tank to pitch their concept in 2015 january. Mark Cuban offered them $30 million for the business (the offer that is largest regarding the show during the time), nevertheless they turned him straight straight down. The Kang siblings proceeded to improve $7.8 million in show a financing. CMB has made significantly more than 2.5 billion introductions and created more than 50,000 delighted partners. (Kang by herself met her present boyfriend on CMB — the 2nd long-lasting relationship she has discovered through the application. “My boyfriend had been a bagel my cousin offered me,” she says.)
Dawoon Kang, Arum Kang and Soo Kang showed up on Shark Tank and then turn straight down the judges offer. . + (picture by ABC/Tony Rivetti)
Coffee suits Bagel can also be one of many dating that is only with increased ladies users than guys (It boosts a 60/40 ratio) — a well known fact that Kang is happy with. (daha&helliip;)