Today Shark Tank: HowвЂ™s Coffee Meets Bagel Doing?
Shark Tank provides business people throughout the very early stages of developing their company a chance that is amazing gain money to advance their businesses further. a massive selection of company tips are presented towards the Sharks through the years. However some among these have been a flop, there have been numerous revolutionary and unique businesses that have really impressed the Sharks as they unveiled possible this is certainly huge. One indisputable fact that is such the Sharks unveiled fascination with was Coffee Meets Bagel.
Coffee satisfies Bagel is just a dating and social networking website that finished up being launched in April 2012 by siblings Arum, Dawoon, and Soo Kang. The siblings produced bid for investment in a bout of Shark Tank that aired in 2015 january. They wanted an investment of $500,000 in substitution for 5% of the business.
Their pitch impressed the Sharks therefore much that Mark Cuban made the bid that is biggest in the track record of the show
The $500,000 they desired for a 5% stake, he offered them $30 million for the business that is entire in place of providing the siblings. This bid viewers that are astounded also surprised CubanвЂ™s fellow Sharks.
But, the Kang siblings werenвЂ™t pleased to invest the their business and, to the protection of several individuals, switched over the offer. They explained that they wished to retain control of the company they created which they thought their company would be more valuable compared to the offer created by Mark Cuban and. [Read more…]