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The Dating App Mark Cuban Wanted To Buy For $30 Million On Shark Tank

"Shark Tank" has been home to a number of record-breaking moments, but few compare to a mind-blowing Season 6 memory. Featured on the season's 13th episode, the Chang sister trio consisting of Arm, Da Woon, and Soo appeared to pitch their dating app service, Coffee Meets Bagel. The app specializes in creating a more thorough matching process as compared to other dating apps, with a special process that allows for more time for the user and potential dates to get to know each other. 

The trio appeared on "Shark Tank" looking for a $500,000 investment for only 5% of the business. With such an immense evaluation, the sharks didn't hold back from asking questions, some of which the sisters weren't willing to answer. Despite initially going out when the team refused to give the exact number of how many users they have, Mark Cuban eventually dove back in with an immense offer — $30 million for the entire business. While many would salivate over such an offer, the sisters stood strong and refused, believing that their company's potential far outmatched even such an extreme amount. 

In the end, they didn't receive a deal. Despite this, the sisters continued to hold their heads up high, with Arum commenting, "While $30 million may sound like a lot of money, you wait Mr. Mark Cuban because this baby is going to explode." So how have things blown up for Coffee Meets Bagel since then? 

The sharks missed out on a money-making match

While they weren't able to make a deal on "Shark Tank," the Chang sisters never slowed down in trying to make their dating service, Coffee Meets Bagel, amongst the best any app store has to offer. The team would eventually raise money through DCM Ventures and Atami Capital, adding up to over $20 million in investments.  The company has had a slow and steady rise, with some notable bumps along the way. Perhaps most significant was a data breach in 2019, where the names and email addresses of several users were leaked. 

Despite these hiccups, Coffee Meets Bagel has managed to do extremely well for itself. The app continues to appear in top lists for dating apps and implemented video chat features during the 2020 COVID-19 pandemic. As of 2023, up to 25,000 relationships have originated from Coffee Meets Bagel. The company itself has gone on to become a massive money maker, with $16 million in annual revenue and an estimated value of $150 million. It might have been unbelievable to have left Mark Cuban's offer behind, but it seems that the sisters' plans have more than paid off in the long run.