Shark Tank offers business owners during the early phases of developing their company an amazing chance to gain money to advance their businesses further. Through the years, a massive variety of company tips have now been presented into the Sharks. Although some among these have now been a flop, there were many revolutionary and unique companies that have actually impressed the Sharks while they revealed huge potential. One such proven fact that the Sharks revealed fascination with was Coffee Meets Bagel.
Coffee satisfies Bagel is a dating and social network site that had been launched in April 2012 by sisters Arum, Dawoon, and Soo Kang. The siblings made a bid for investment within an episode of Shark Tank that aired in 2015 january. They desired a good investment of $500,000 in return for 5% of these business.
Their pitch impressed the Sharks so much that Mark Cuban made the bid that is biggest into the reputation for the series. In place of providing the sisters the $500,000 they desired for a 5% stake, he offered them $30 million for the whole company. This bid astounded people and Cuban’s that is even surprised fellow.
But, the Kang sisters weren’t willing to spend the their company and, to your security of numerous watchers, turned along the offer. They explained which they thought their business would be much more valuable compared to the offer made by Mark Cuban and they wished to retain control of the business enterprise they created. (mehr …)