Shark Tank offers entrepreneurs within the very early phases of developing their company an amazing chance to gain funding to advance their businesses further. A vast range of business ideas have been presented to the Sharks over the years. Though some of those have already been a flop, there were many revolutionary and unique companies that have actually impressed the Sharks because they revealed potential that is huge. One idea that is such the Sharks revealed fascination with was Coffee Meets Bagel.
Coffee satisfies Bagel is just a dating and social network site that ended up being launched in April 2012 by sisters Arum, Dawoon, and Soo Kang. The siblings made a bid for investment within an bout of Shark Tank that aired in 2015 january. An investment was wanted by them of $500,000 in return for 5% of the business.
Their pitch impressed the Sharks therefore much that Mark Cuban made the bid that is biggest within the reputation for the show. Instead of providing the siblings the $500,000 they desired for the 5% stake, he offered them $30 million for the business that is entire. This bid astounded audiences and even astonished Cuban’s fellow Sharks.
But, the Kang siblings are not ready to spend their company and, to your security of numerous audiences, turned along the offer. They explained that they wanted to retain control of the business they created that they believed their business would become more valuable than the offer made by Mark Cuban and. [Read more…]