Mark Cuban Makes The Largest Offer In Shark Tank HISTORY To Coffee Meets Bagel | Shark Tank US

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  • Опубліковано 24 гру 2024

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  • @shineykurian2537
    @shineykurian2537 Рік тому +6582

    Mark was testing them to see if they believed in their business and he was happy they did not accept it. They are worth 150 million today. So happy for these brilliant sisters!!

    • @cheery-hex
      @cheery-hex Рік тому +244

      It was a blessing they didn't get any offers. Imo their vision and plan is way larger than the sharks could see. they value thmslvs hence their 100k salaries. I would've thrown all my $$$ at them. their wealth vibe is off the charts!

    • @worthless_opinion
      @worthless_opinion Рік тому +149

      200 million now!

    • @keesdekarper
      @keesdekarper Рік тому +110

      @@cheery-hex Nah if you are actually passionate and serious about starting a business you would understand that giving yourself a smaller salary while your business is growing is the much smarter thing to do. The salary will come when your business is succesful and making profit. Not when it's still bleeding millions a year.
      But I agree their idea is pretty good. Glad it worked out for them, even though I disagree with how much salary they took

    • @8ktv475
      @8ktv475 Рік тому +4

      oh reallyyy?

    • @kingston163
      @kingston163 Рік тому +23

      On what basis exactly is it now worth $150 million?

  • @drewkelly3622
    @drewkelly3622 2 роки тому +2154

    Mark really liked when they said no to his 30 mil offer, it was a test and they passed

    • @jerryfavorito3702
      @jerryfavorito3702 Рік тому +6

      He said No

    • @ryanadonis
      @ryanadonis Рік тому +14

      Yeah great test. He pretty much asked to see if these Kang Sisters cared about money. They have dad backing every last thing they ever do so they don't need to worry.

    • @republicofhandball8815
      @republicofhandball8815 Рік тому +1

      yeah, the application had $800k revenue last month (being august 2023)

    • @ryanadonis
      @ryanadonis Рік тому +4

      @@republicofhandball8815 ok, how much they still owe? also would like to see fact numbers

    • @republicofhandball8815
      @republicofhandball8815 Рік тому

      @@ryanadonis I have no access to such numbers, but on sensor tower site you could check how much a mobile application makes a month

  • @thatdude4542
    @thatdude4542 Рік тому +991

    Marks stated multiple times that this was never an offer but a hypothetical question. They're doing very well today so good on them for what they achieved

    • @dreamcatcher5502
      @dreamcatcher5502 9 місяців тому +8

      Yes, he said "if dom err one offered you 30 million" he did not say "I'll offer you 30 million". Very clever Mark 😂

    • @sir.636
      @sir.636 6 місяців тому

      He stated that in the show too...

    • @AH-te5gs
      @AH-te5gs 6 місяців тому

      @@dreamcatcher5502 He said "if I offered you"

    • @OldMenSuckToes
      @OldMenSuckToes Місяць тому

      @@dreamcatcher5502I had a stroke reading this

    • @check2000
      @check2000 Місяць тому

      it's over, company is dead

  • @PaperGrape
    @PaperGrape 2 роки тому +5233

    I love the respect Cuban shows legit people. He's so ridiculously business smart.

    • @Eminence_1337
      @Eminence_1337 2 роки тому +49

      He wouldn't have gotten to where he is if he wasn't.

    • @facemanfu1610
      @facemanfu1610 Рік тому +41

      90% success rate. Its fcking big number

    • @teddym2808
      @teddym2808 Рік тому +15

      Hence why he is a billionaire.

    • @kiriakoz
      @kiriakoz Рік тому +9

      I love how much you respect Mark Cuban.

    • @PaperGrape
      @PaperGrape Рік тому +7

      @@kiriakoz don't really know the guy.

  • @Yoniiiboy
    @Yoniiiboy 2 роки тому +10968

    He's not actually offering 30 mil tho, basically just checking them to see if they would take the deal or not. Good on them for saying no

    • @asphaltanimal8809
      @asphaltanimal8809 2 роки тому +121

      Yes true 👍

    • @oliverdeeley
      @oliverdeeley 2 роки тому +313

      He did say that he was just asking a question. Which apparently the sisters missed. Because, they went out and said that "Mark Cuban offered them 30 mil for the company". Understandably so, why Mark still has a sting to this. No way he was going to offer the Kang sisters 30 mil.

    • @foodmatrix4578
      @foodmatrix4578 2 роки тому +217

      Their refusal to disclose their user base soured the sharks on making a deal. Bumble has surpassed them in 2022 anyway

    • @roldanelvis2449
      @roldanelvis2449 2 роки тому +30

      Totally. And mark has a very valid reason.

    • @davidgreen278
      @davidgreen278 2 роки тому +86

      It’s called a clickbait title. You’re welcome.

  • @silvercat6425
    @silvercat6425 2 роки тому +4932

    The company is now worth 150 million dollars, they made a smart decision on not taking $30 million

    • @AetheryXk
      @AetheryXk 2 роки тому +334

      He was asking if they would, not offering

    • @hitenbhanushali163
      @hitenbhanushali163 2 роки тому +64

      This update just after 12 days?!

    • @mikedavison1466
      @mikedavison1466 2 роки тому +85

      Based on what? Online dating is a FAD, and no one can tell me that this website brings in traffic like E-Harmony, or Bumble. Most people get dates through social networking, not online dating. that's a FACT.

    • @UndetectableBomber
      @UndetectableBomber 2 роки тому +9

      amazing

    • @thejudgeofyoutube8963
      @thejudgeofyoutube8963 2 роки тому +98

      @@hitenbhanushali163 this is a reupload, the original video was made years ago.

  • @BitterComments
    @BitterComments 2 роки тому +1248

    Barbara: Coffee and bagels give me indigestion, and for that reason I’m out.

    • @Alex-Ander517
      @Alex-Ander517 2 роки тому +5

      lmfao

    • @Jesuslovesyou0316
      @Jesuslovesyou0316 7 місяців тому +11

      God loves you so! John 3:16✝️

    • @shoWbitz
      @shoWbitz 7 місяців тому +8

      Meets sounds like Meats. And for those reasons, I'm out

    • @Dajizoids
      @Dajizoids 6 місяців тому +2

      😅😅😂😂😂😂

    • @robtriton
      @robtriton 5 місяців тому

      She has more of a Joe Biden diet of ensure and ice cream.

  • @ftd888
    @ftd888 Рік тому +234

    It also solves another huge problem - the fear of your coworkers, friends, clients, etc. finding your dating profile. It’s brilliant.

  • @runitonce7791
    @runitonce7791 2 роки тому +4776

    The sharks were right to pass. It was super risky. They just turned out to be a diamond in the rough. Good for them.

    • @plan-bsmoothies2430
      @plan-bsmoothies2430 2 роки тому +357

      The company is worth 150 million right now

    • @topshelfdustin3060
      @topshelfdustin3060 2 роки тому +88

      @@plan-bsmoothies2430 so would have been a 7x return if they weren't diluted in future rounds? And this is 8 years ago. With no dilution, great deal if a shark took it, but if they'd have been diluted, the return might not be there. Even then that's about a 40% annualized return, given the risk of a tank deal...still not a massive win best case.

    • @chiranthanmr
      @chiranthanmr 2 роки тому +147

      @@plan-bsmoothies2430 That is wrong. Valued at $150 million by a random attorney doesn't mean the company is worth that money. Many companies usually do it to make fame in turn to attract attention.

    • @adad-ec6ht
      @adad-ec6ht 2 роки тому +25

      tesla was also super risky at one point of time !!!

    • @adad-ec6ht
      @adad-ec6ht 2 роки тому +5

      @@plan-bsmoothies2430 that is disappointing. I would have thought it would cross a billion.

  • @조은찬-l3h
    @조은찬-l3h 11 місяців тому +486

    They rejected $30 million offer and Coffee Meets Bagel's net worth now is about $150 million. They really made it.

    • @bartacc
      @bartacc 11 місяців тому +27

      They never had a 30 milion offer, he asked "IF I offered you...", that wasn't an offer, it was a hypothetical question. If he wanted to buy it, he would just say that he will pay xyz mil for a whole company. This title is just generating more clicks.
      To be clear, I don't think they'd sell it anyways because they already drew big investmenets according to what they said and they had large growth, but I think she still understood this is not an actual offer.

    • @marcellsimon2129
      @marcellsimon2129 11 місяців тому +17

      net worth doesn't mean a thing. it's worthless. but having 30 mil in your bank account means something. Even though it was not an offer, I would've taken the 30 mil and started 3 more companies...

    • @FM-dm8xj
      @FM-dm8xj 9 місяців тому +4

      lmao imagine thinking its worth that much. Thats a projected valuation......

    • @nikonikoniko3086
      @nikonikoniko3086 9 місяців тому +4

      @@marcellsimon2129do you realize the process of making 3 more companies? It takes years and years for 3 business to be up, running, and be successful.

    • @thomasallen6980
      @thomasallen6980 9 місяців тому +1

      How do you know it would not be worth ten billion with proper financing and experience? Just throwing that out there. Depends on what you will do for money, I guess. Being ultra rich is a choice, I think it looks complicated.

  • @Jake-uy8hq
    @Jake-uy8hq 2 роки тому +1282

    i cant imagine going on a date w a girl and finding out she made the app we met on

  • @thLilJinx
    @thLilJinx Рік тому +617

    Thank you to the kang sisters, I found my husband thanks to coffee meets bagel

    • @Brettpoe5691
      @Brettpoe5691 Рік тому +35

      That's awesome! I found my wife on tinder lol

    • @Alextheb3st
      @Alextheb3st Рік тому +27

      So dating apps truly helps you find a “wife” “husband”? I’m 24 and never gave those apps a chance because i thought “dating apps” were useless and lame…. Mhmm something to think about

    • @natehiggers42069
      @natehiggers42069 Рік тому +14

      Aaaaand now they're divorced

    • @spaceinator73
      @spaceinator73 Рік тому +7

      ​@Hugh Dingwall lol! Thanks for the laugh😂

    • @JS-mw3ry
      @JS-mw3ry Рік тому +17

      Two of my girlfriends met their husbands there too, this site seems to produce marriage lol

  • @geraldokenzhi
    @geraldokenzhi Рік тому +81

    I'm amazed how these siblings have their enough self-confident about their business's potential in the future. they're such brilliant

  • @tomhenz
    @tomhenz 2 роки тому +52

    2022 and is now a US150 Millions Company. Mark Cuban is not stupid. He knew very well why he did that offer by then.

    • @kiku-h7r
      @kiku-h7r 3 місяці тому +3

      It's a terrible product though. Messages aren't real time. You'll be like, "what is she talking about" and then 5-10 minutes later previous messages will show up. Chats will disappear and reappear. The app hangs about 33% of the time. Search never finds anyone. Even if you filter for everyone under 35. Frankly, I would never hire a developer who worked at CMB. They can't even get the basic functions to work correctly. Good ideas, like being able to how long it takes someone to reply so you know if they're active/serious, but the execution is poor.

  • @TruthPrevail777
    @TruthPrevail777 2 роки тому +2599

    One of the most confident presentations in Shark Tank and total faith in their product. Well done ladies that's the attitude. Even Mark Cuban was so impressed. Wish you all the best. 👍

    • @mikedavison1466
      @mikedavison1466 2 роки тому +1

      Totally glad that the investors turned down these scam artists. Online dating is a FAD, and never profitable.I''m sorry but that stupid chick in the middle forgot one thing, you can't date without GUYS. when women act like that, they stay SINGLE. That's why single women outnumber single men by the MILLIONS. Count me OUT! Typical Golddigging Kimchi women.

    • @TIMEDISORT
      @TIMEDISORT 2 роки тому +43

      So weird that they didn't share their total user base though.

    • @dnghn.design
      @dnghn.design Рік тому +10

      ​@@TIMEDISORT yeah that was weird. Maybe privacy thing or contract with external company or investor idk

    • @shineykurian2537
      @shineykurian2537 Рік тому +11

      They are worth 150 million today.

    • @DeletedDevilDeletedAngel
      @DeletedDevilDeletedAngel Рік тому +8

      @@TIMEDISORT maybe they werent 100% sure the exact number because they didnt expect to be asked that question

  • @inspyrelyfe
    @inspyrelyfe 2 роки тому +193

    I know many couples that met on coffee meets bagel that got married! They all are true believers of this app! Good for them

    • @JS-mw3ry
      @JS-mw3ry Рік тому +11

      Two of my girlfriends met their husbands there, this site seems to produce marriage lol

    • @richatlarge462
      @richatlarge462 5 місяців тому +2

      @@JS-mw3ry The true test is in another 5-10 years lol.

  • @hankocpharung1383
    @hankocpharung1383 2 роки тому +434

    This is what a proper business investment meeting shouts be. There were no shenanigans, plain and simple. It was all about the risk. There was not much for the sharks to think.

  • @birdseye2239
    @birdseye2239 2 роки тому +99

    "Though 30 million dollars MIGHT sound like a lot of money" at the end had me dying

    • @VoidCommander808
      @VoidCommander808 6 місяців тому +4

      Given their company is worth over 150 million a year later, I'd say they knew what they were doing.

    • @TiffanyAllen1784
      @TiffanyAllen1784 5 місяців тому +1

      @@VoidCommander808Nobody said they didn’t know what they were doing, but it sounds like a lot of money because it is a lot of money. Anyone who thinks otherwise has too much of the stuff.

    • @AnthonysTennisHub
      @AnthonysTennisHub 4 місяці тому +2

      ​@TiffanyAllen1784 she is saying "it sounds like a lot money" relative to the worth of the whole company.

    • @birdseye2239
      @birdseye2239 4 місяці тому

      @@AnthonysTennisHub I don't think that was the worth of the company at the time. She was comparing it to her projected potential future worth. The company could have tanked and they would be thirsty for that 30 mil. Glad they were right and it worked out tho

    • @AnthonysTennisHub
      @AnthonysTennisHub 4 місяці тому +2

      @birdseye2239 yea no hate man, I understand ur point; it does sound a bit weird to say I agree. But the meaning of her statement really had nothing to do with whether 30 mil is a lot of money. She was saying "30 million is nothing compared to what we think we can make off this company in the future" and of course it's a risk but that's what Shark Tank and entrepeneurial success is all about at the end of the day. Anyways that's my 2 cents. cheers man

  • @gregmckenzie8397
    @gregmckenzie8397 2 роки тому +1101

    These women are number/data geniuses....and mark knows!. Well done ladies.

    • @sokunthy2009
      @sokunthy2009 2 роки тому +90

      They went to Harvard and Stanford so it’s clearly that they’re bright.

    • @khlua4590
      @khlua4590 2 роки тому +19

      @@timothinking9855 but unfortunately, it doesnt even matter what you say. They now have annual revenue of $16 million with company valuation of $150 million.

    • @Dwade32
      @Dwade32 2 роки тому +16

      @@khlua4590 revenue of 16 million is not a lot. That is barely more than the 10 million they were talking about half a decade ago

    • @chef222
      @chef222 2 роки тому +2

      @@sokunthy2009 no dummy school is a joke

    • @iiRaWDaWG
      @iiRaWDaWG Рік тому +1

      @@chef222 unless it’s those schools🤣🤣🤣

  • @paruvaru
    @paruvaru Місяць тому +8

    I just want to say I met my husband on Coffee Meets Bagel…downloaded it after watching it on Shark Tank and I am super grateful!!!! 💕

    • @nossenkanter
      @nossenkanter Місяць тому

      Imagine bragging about that 🤡🤡🤡

  • @boltavoltabolt
    @boltavoltabolt Рік тому +87

    Mark saying "let her talk" is the sign that he got his eyes

  • @Rinz26
    @Rinz26 Рік тому +27

    The title of the video is inaccurate because Mark Cuban didn't actually make an offer, he just hypothetically asked them if they would take 30 million for the company

  • @DreamBigJilly
    @DreamBigJilly Рік тому +125

    Thank you Kang sisters! I met my wonderful husband on CMB and I never would've met him otherwise. 🥰

    • @JS-mw3ry
      @JS-mw3ry Рік тому +14

      Two of my girlfriends met their husbands there, this site seems to produce marriage lol

    • @LukeWalton-gz7ih
      @LukeWalton-gz7ih 2 місяці тому

      @@JS-mw3ryu have 2 girlfriends !!??

    • @LukeWalton-gz7ih
      @LukeWalton-gz7ih 2 місяці тому

      @@JS-mw3ryor exes

    • @JS-mw3ry
      @JS-mw3ry 2 місяці тому +1

      @@LukeWalton-gz7ihhaha, my female friends

  • @tapejara1507
    @tapejara1507 7 місяців тому +43

    "creepy strangers" everyone looks at Keviin :)
    i loved that.

  • @bigR...
    @bigR... Рік тому +112

    Just for everyone’s information, this company is now worth $160 million.

    • @thomasallen6980
      @thomasallen6980 9 місяців тому +4

      so what? With a partner, it might be worth 6 billion. Who knows?

    • @MrSaemisch
      @MrSaemisch 6 місяців тому +1

      Right, after many more equity raises. How much does that belong to existing shareholders at the time of this episode who could have had 30 million? They did many more rounds after this was recorded.

  • @polyento3535
    @polyento3535 2 роки тому +287

    These ladies are smart, 'cause even if they don't get a deal they get a free marketing for their business for just being on the show.

    • @TheAbdou27
      @TheAbdou27 Рік тому +21

      Doesn't that apply to everyone who comes on the show?

    • @Redtornado6
      @Redtornado6 Рік тому +7

      i wouldnt say that that is smart. people who are 5 years old can understand the concept of publicity.

    • @harryhanna8388
      @harryhanna8388 7 місяців тому

      Sharks are venture capitalists. They are looking to turn 600 thousand dollar investment into a10 million dollar sell off to a large corporation.

  • @JohnChen-kg3rl
    @JohnChen-kg3rl Рік тому +23

    This group is a real one. Well researched unlike the shock watch scammer I watched earlier.

    • @JPYu-l3r
      @JPYu-l3r Місяць тому

      hahaha i watched the same video, the Pavlok one right before watching this one!

  • @SennaAhdab
    @SennaAhdab Рік тому +167

    The girl on the left is the definition of when ur mom says “Take ur sister with u”

  • @lexinicole4317
    @lexinicole4317 2 роки тому +272

    I do not believe Mark gave them an offer. I believe it was a test, to challenge the value they placed on their company.

    • @maxfit68906
      @maxfit68906 Рік тому +16

      Of course it was a test. Had they accepted the offer, It would’ve proved that they had no faith in the business after trying to sell the sharks the future projections of its potential success.

  • @TheCineCuts
    @TheCineCuts 2 роки тому +466

    If someone is offering you 30 million dollars then you know your business is more worth than that.

    • @simba8665
      @simba8665 2 роки тому +15

      Who cares you can always you that exit money to start something better with knowledge you have acquire. A sell is better than no sell.

    • @wendklenff133
      @wendklenff133 2 роки тому +1

      @@runitonce7791 Runitonce member Here?!

    • @dustinvo6097
      @dustinvo6097 2 роки тому +26

      Cuban just asked to test them. it was not a legit offer.

    • @macraeashwood4190
      @macraeashwood4190 2 роки тому +2

      Dude if someone offers you 30mil you take it

    • @whengrapespop5728
      @whengrapespop5728 2 роки тому +1

      @@macraeashwood4190 They’re worth over 150 million now. However, I think I might’ve taken the offer and reinvest.

  • @odessaknows3783
    @odessaknows3783 Рік тому +39

    Barbara: I didn't get a coffee, a bagel or a date and so for the reason I'm out. 😅😅

    • @REDMAN298
      @REDMAN298 8 місяців тому

      she`s gota tie a pork chop around her neck to get the dog to play with her

  • @tsungayie1081
    @tsungayie1081 2 роки тому +462

    The fact that they are now worth 150million dollars says it all

    • @wasyhunseyfu
      @wasyhunseyfu 2 роки тому +8

      @@ParissaKhoury Try to google before you start an argument about something you don't know!

    • @wasyhunseyfu
      @wasyhunseyfu 2 роки тому +4

      @@ParissaKhoury You are right, I don't have to believe I'm talking with normal person too. Thank you.

    • @alejandrinahs
      @alejandrinahs Рік тому +6

      125M, but… same difference lol.

    • @airbvrne
      @airbvrne Рік тому +2

      @@ParissaKhoury bro u good?

    • @pooppee8146
      @pooppee8146 Рік тому +15

      @@airbvrne no he’s not, and for that reason, I’m out.

  • @sv4851
    @sv4851 8 місяців тому +7

    Misleading title. He never offered them anything. He asked them a question

  • @WheatShaw
    @WheatShaw Рік тому +4

    The first smile on Barbara's face lets me know that she's out, there's a truth in her eyes saying she'll always go out, the touch of her words will pick me up whenever I fall..... Barbara says it best, when she says she's out.....

  • @f2ni11
    @f2ni11 3 місяці тому +10

    The company is now worth 150 million dollars and generates 30+ million dollars a year. Excellent decision

  • @gswonlocks
    @gswonlocks 2 роки тому +23

    He has openly said I did not offer that. He asked a question

  • @judeanclay8381
    @judeanclay8381 Рік тому +238

    Either way they got free advertising and made a ridiculously free massive market outreach in just that episode. Now everyone thanks to Mark Cuban knows about Coffee and Bagel. They owe him for that strategy.

    • @rasyay
      @rasyay Рік тому +10

      What strategy they were doing this before mark Cuban only thing they got was the free publicity that everybody who comes on the tank gets but everybody doesn't succeed with there business

    • @brendonjones5774
      @brendonjones5774 Рік тому +1

      It was the best presentation I'd ever seen

    • @Walle1tv
      @Walle1tv Рік тому

      Business is worth 150 million now

    • @Nick210
      @Nick210 6 місяців тому +1

      To be fair, the same can be said about every business that appeared on Shark Tank. They aren’t all worth 150mil today.

  • @he0c0nnGhIch
    @he0c0nnGhIch 2 роки тому +472

    Thanks to this episode of shark tank. I was curious and made myself a profile. I ended up meeting my husband and we have been with each other 8 yrs. Many of our friends also met people there.

    • @mr.doctorcaptain1124
      @mr.doctorcaptain1124 2 роки тому +39

      This episode is more than 8 years old? Dang

    • @methsara2210
      @methsara2210 2 роки тому +1

      Damn! Congratulations and wish you best of luck to both of you.

    • @iliLaserili
      @iliLaserili 2 роки тому +10

      Imagine finding a husband on a dating app it’s sad people nowadays have to go on a stupid app to find someone to love instead of going outside to find someone themselves 😂😂😂😂

    • @controlcore1
      @controlcore1 2 роки тому +1

      @@iliLaserili do you think people bumped into each other like a meet cute before dating apps existed? get outta here, you shut-in

    • @terminator1398
      @terminator1398 2 роки тому

      @@iliLaserili how pathetic do you have to be in your own love life to hate on someone who’s happy and found there sole mate, its 2022 get over it boomer!

  • @vinzanity68
    @vinzanity68 9 місяців тому +3

    Love it when the sharks rib Kevin and he just grins and takes it wonderfully 😂

  • @marcommj
    @marcommj Рік тому +59

    That 5% for 500K would now be worth 7.5 Million. absolutely insane, they missed out on

  • @MoneyMac18
    @MoneyMac18 Рік тому +21

    Holding onto something you believe in. That takes guts, and absolute dedication. Legends, wow, congratulations.

  • @ashrayan4590
    @ashrayan4590 Рік тому +93

    They are 100% confident what they are doing, and that business will grow up to billions I believe.

    • @user-kb4eh4gg8c
      @user-kb4eh4gg8c Рік тому +1

      yee already in the hundred millions

    • @nuknukisdead
      @nuknukisdead Рік тому +2

      They've peaked at 3 million active users in 2023. Their shares are completely diluted after raising $31 million from VC. Newer apps like Bumble have overtaken them completely in terms of users. This episode was filmed around 2015. They were claiming getting 4 million new users in 2015. Not too bad though. They've milked a lot of salary from the company since then and the money they are losing is VC money.

  • @adrianrodriguez6869
    @adrianrodriguez6869 2 роки тому +39

    That 30 million dollars was a trap question. She was smart enough to say no. He would have never paid that.

  • @gaitathedon
    @gaitathedon 2 роки тому +350

    This is one of the best. And in history is one of the most successful products to have been presented in the tank.

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому +17

      Currently at 150 million net worth. Sharks really missed out here. Good job Kang sisters

    • @gappergob6169
      @gappergob6169 2 роки тому +7

      @@jgs_gamestudio9096 not necessarily. It's probably like spending 100 million to get 150 million. When they finally burn all the money, it'll probably just collapse, unless they can continue to gather new investment.

    • @usmanmalik3302
      @usmanmalik3302 2 роки тому +5

      @@gappergob6169 they most defiantly did not spend $100 million.

    • @zakuja
      @zakuja 2 роки тому +10

      @@gappergob6169 Their "net worth" is 150 million. That means net of liabilities, they still have a worth of 150 million. They have 150 million to invest in themselves.

    • @woonhakk
      @woonhakk Рік тому +2

      @Bussiness Name maybe they know by doing a quick google search

  • @StartUpwithSid
    @StartUpwithSid Рік тому +87

    Just googled about them now and saw that they are valued at $150 million with over 36 million in annual revenue. They are still not profitable !
    Robert said it correctly that they are not trying to make a business but just raising funds and acquiring customers.
    Having said that they still have managed to do what many couldn’t. Hats off to them ! 👍

    • @royfokerpoker1802
      @royfokerpoker1802 Рік тому +5

      Lmfao@still not profitable

    • @cchavezjr7
      @cchavezjr7 Рік тому +2

      What exactly is doing what many couldn't? Most people could start a company that never gets profitable...

    • @TheKrazyKajeevieShow
      @TheKrazyKajeevieShow 10 місяців тому +3

      Absolute rubbish, they're worth over 150 million and very profitable now. What a stupid comment.

    • @maxine-x4x
      @maxine-x4x 9 місяців тому

      You _had_ to use the ''Google'' branded 'search-engine' device to acquire this information?

  • @CrazyJaney61
    @CrazyJaney61 Рік тому +179

    Well done, ladies, and congratulations. I’m here to tell you it works. My son and future daughter-in-law met on Coffee Meets Bagel, and they will be getting married later this year.❤

    • @discoboy8169
      @discoboy8169 Рік тому +1

      oh God, it is will his worst decision ) IMHO) good luck to them )

    • @JS-mw3ry
      @JS-mw3ry Рік тому +12

      Two of my girlfriends met their husbands there too. This site seems to produce marriages lol

    • @kingston163
      @kingston163 Рік тому +1

      Marry in lust and haste and divorce/annul later!

    • @BabaBlack89
      @BabaBlack89 Рік тому

      ​@@kingston163salty single

    • @Varaidzo1
      @Varaidzo1 Рік тому +2

      I know someone who met their husband on there too

  • @Said1985ize
    @Said1985ize 2 роки тому +28

    $100k is not a lot of money in the Bay Area. thats about $6k a month after taxes. a small studio rents for $2.5k. In San Francisco expect to pay $4-5k for a studio.

    • @ryanx633
      @ryanx633 2 роки тому

      This episode is from Season 6, 8 years ago, still a fair pay tho.

    • @boogidwnej179
      @boogidwnej179 2 роки тому

      @@tune2gr3is82 100k in SF or most of the peninsula won’t cut it. But on the east bay, from Fremont up Richmond 100k is plentty.

    • @robinabernathy2829
      @robinabernathy2829 Рік тому +2

      @@tune2gr3is82 You can get an apartment. I'm sure everyone that lives in SF isn't pulling down multiple six figures a year. The whole SF is super expensive thing is oversold.

  • @billbinmei
    @billbinmei 2 роки тому +11

    Total Coffee Meets Bagel mobile app revenue in October 2022 was $1m, including $700k for iOS apps and $300k for Android apps. Total mobile app downloads for Coffee Meets Bagel was 200k, including 100k iOS app downloads and 60k Android app downloads. Coffee Meets Bagel has a total of 4 apps, including 2 iOS apps, and 2 Android apps. Their top grossing app last month was Coffee Meets Bagel Dating App and their most downloaded app was Coffee Meets Bagel Dating App.

  • @IshaanD114
    @IshaanD114 2 роки тому +85

    Good on them for not taking the deal. They are now worth 150 million dollars

    • @ninjaninja9954
      @ninjaninja9954 2 роки тому +3

      Yeah true. But you never know the future it may have gone the other way so it was a bet that paid off. Maybe they shouda said if you offer 60 mil we will take it

    • @neilldn74
      @neilldn74 2 роки тому +3

      No they aren't.

    • @favorhere
      @favorhere 2 роки тому +3

      where did you read that?

    • @theduk379
      @theduk379 2 роки тому +3

      They are worth 150 m lol you guys made me google it

    • @seymoresmithh8908
      @seymoresmithh8908 2 роки тому +3

      Their site is worth $150 mil, they (the sisters) are not. They still had to raise capital after appearing on ST and received around $23 million from various investors shortly after ST. But they do still have a share of the company instead of taking $30 mil but no shares.

  • @bobbywalsh7767
    @bobbywalsh7767 Рік тому +5

    At 8:30 Cuban is having an epiphany…. Meditative talk with his universal gods getting that feeling he gets when he understands there is an opportunity and he’s going to take at and go all in.

  • @bennettbennettbennett
    @bennettbennettbennett Рік тому +275

    This ep shows how out of touch the Sharks were with the tech industry at the time, with the exception of Mark and Robert. $100k in SF was entry-level salary, having that strong of a CAC/LTV ratio was fantastic (although would def get worse later), and the correct play was absolutely to throw money in and grow to get market share rather than growing low/slow, dating apps are all about users. The biggest risk wasn't copycats, it was their 100% reliance on Facebook. Still not sure it was a GREAT deal at $10m but the questions were way off base imo

    • @DavidJones-pv8zz
      @DavidJones-pv8zz Рік тому +5

      we can see that sharks dont know much about the tech industry...they are focused mostly on traditional SMB than tech companies

    • @equinoxx8221
      @equinoxx8221 Рік тому

      You should have definitely been one of the host sharks for this episode😭😭🤝🏼spot on

    • @v1n3ger43
      @v1n3ger43 Рік тому +1

      Lori didn't mean 100k but total of 300k from the business and not many people make anything near that!!

    • @Money4Nuthing
      @Money4Nuthing 11 місяців тому +1

      ​@@v1n3ger43you're right that not a lot of people make $100k annually in general. However, $100k is a fair salary in comparison to what they could earn working for a tech company instead of being entrepreneurs. They deserved to pay themselves that much.

  • @insightinspiration9922
    @insightinspiration9922 2 роки тому +68

    I wish I was in that position where people come to me to beg for my money and I could buy into the coolest and most rewarding businesses. Best job ever!

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому +6

      They aren’t really begging when they are offering money in return. I do hope I can do the same for indie game developers

    • @jennifergersch9126
      @jennifergersch9126 Рік тому

      Seriously!

    • @jennifergersch9126
      @jennifergersch9126 Рік тому +2

      However, their backs have been against the wall before. Read Barbara's book. It was definitely not an easy rise.

  • @PandaJerk007
    @PandaJerk007 3 місяці тому +3

    3:08 "Creepy strangers bombarding them with disgusting messages ... Kevin " 😂

  • @jmreeves89
    @jmreeves89 Рік тому +21

    Drawing a 100k salary is absolutely ridiculous and says a lot about them. I wouldn't partner solely for that reason.

    • @varisarising
      @varisarising Рік тому +4

      100k/yr in San Francisco is not that much. It's one of the most expensive U.S. cities to live in.

    • @waleedabbas4996
      @waleedabbas4996 21 день тому

      100K in tech in SF is nothing especially for their profiles.

  • @39zack
    @39zack 2 роки тому +112

    Dang I wish I was in their position and could just be like "Well, Im taking 100K for myself, but its OK because its less than I used to earn"

    • @radiance65
      @radiance65 2 роки тому +8

      I know. That hit home to me too 🤣

    • @billaroundtheglobe
      @billaroundtheglobe 2 роки тому +19

      Yeah, but you're also forgetting they live in San Francisco. A 100k salary is like 30k is most other cities. Point taken though.

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому +4

      @@billaroundtheglobepeople just don’t know how to live once they make 100K a year. There’s people making 50-60K a year doing just fine in nice neighborhoods in SF.

    • @skyestinson6499
      @skyestinson6499 2 роки тому +5

      @@jgs_gamestudio9096 You can't even get approved for rent at a 50-60k salary in a nice neighborhood. Maybe if you lived with family and didn't have any loans then sure.

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому

      @@skyestinson6499 true…

  • @dankool688
    @dankool688 9 місяців тому +3

    It all starts at home, good parenting and congrats to these smart sisters succeeding..

  • @kingjulian376
    @kingjulian376 2 роки тому +22

    I think he just wanted to check if it was a scam. mark is not an amateur

  • @oli.y
    @oli.y 2 роки тому +54

    Barbara: I don't like Coffee or Bagels and for those reasons I'm out.

  • @kendy4991
    @kendy4991 8 місяців тому +5

    Barbara: I don't drink coffee, and for that reason I'm out.

  • @anandpopat2549
    @anandpopat2549 Рік тому +4

    First time I got to dislike a Shark Tank clip for Clickbait. He ASKED them "IF he offered them $30 million would, you take it?" he did NOT make an offer. Furthermore he was out before he asked his question.

  • @maukamakai5.0
    @maukamakai5.0 2 роки тому +108

    Sharks missed on a huge meal. The company is now worth $150M. A $500k investment for 5% would now be worth $7.5M!

    • @MrHifihifi
      @MrHifihifi 2 роки тому +12

      The thing is they don't care because they don't need the money! That's what the Entrepreneurs unfortunately don't get. I wasn't impressed with this company or app.

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому

      @@AuntBooeveryone gets hacked now, there’s not much you can do if you are a target

    • @jomangeee
      @jomangeee 2 роки тому +9

      .5 to 7.5 mill in 10 years if hardly the return on investment these people would salivate over!!

    • @jgs_gamestudio9096
      @jgs_gamestudio9096 2 роки тому

      @@jomangeee but it’s still a loss

    • @jomangeee
      @jomangeee 2 роки тому +1

      @@jgs_gamestudio9096 a loss is being deprived of something you own! they never had ownership in that project! it is a 'loss' if they made no other investments in 10 years to realize such return!

  • @janssundew6755
    @janssundew6755 2 роки тому +81

    The "no" answer has been delivered with confident. That will tell you how much this ladies will work their ars@@# for this company. Pure respect here. My offer would be 1mil for 20% with respect. 🙂

  • @nicolastorres147
    @nicolastorres147 11 місяців тому +9

    Barbara: "I already have a husband and for that reason I'm out"

    • @markc2940
      @markc2940 10 місяців тому

      Pretty sure she's on it and rocking it haha'

  • @thecatwithnohome722
    @thecatwithnohome722 Рік тому +10

    sales... $87,000.... Mark picks up his notebook again 😂

  • @kalumola17
    @kalumola17 Рік тому +8

    3:05 that’s actually really mean 😭 😂

  • @LowkeyBadass
    @LowkeyBadass 2 роки тому +67

    They are definitely going to get exposure from this show 😂

  • @callofduty9465
    @callofduty9465 Рік тому +8

    man im obsessed with this show and dont care who says what i cant get enough of this haha i wouldnt take none of the deals on shark tank i dont really trust these people if you ask me

  • @DavidPerez-cr7ig
    @DavidPerez-cr7ig Рік тому +3

    To get an excellent presentation comment from Kevin at the end speaks volumes!!!

  • @mihaeladog7187
    @mihaeladog7187 2 роки тому +109

    They believe in what they do , that’s the key to success 🎉

    • @dismalthoughts
      @dismalthoughts Рік тому +2

      It doesn't matter how much you believe you can fly if you jump off a cliff. Yes, belief in oneself and your mission is a HUGE positive factor, and it'd be a miracle to succeed in business without it, but belief alone is not going to get you there. It is not *the* key, it is *one* key through a door with several locks.

    • @peacefighter7404
      @peacefighter7404 Рік тому

      @@dismalthoughts every success stories begins from believing themselves.

    • @discoboy8169
      @discoboy8169 Рік тому

      You can believe in what you do, but you have to use your brain. There is no magic or guarantees in this tough world.

    • @Randomaccount9470
      @Randomaccount9470 7 місяців тому

      ​@@dismalthoughtsBro is yapping 💀

  • @Varun-hw2yr
    @Varun-hw2yr Рік тому +18

    I think the $300,000 in founders salary killed their interest. It gave the impression that founders want to put their interests over the business. They want to play safe. If this doesn't work atleast I got $100,000 for the year. They could have paid themselves $50,000 each just to pay off their rents and expenses. And use the money on the product. Thereby proving their commitment.

    • @nicholasnoriega1205
      @nicholasnoriega1205 Рік тому +1

      Exactly, their ego was just disgusting. 100k? gtfo

    • @waleedabbas4996
      @waleedabbas4996 21 день тому

      @@nicholasnoriega1205 You do realize 100K is nothing in SF tech? It's entry level salary. She'd easily be making 250K+ if she was working a normal job.

    • @waleedabbas4996
      @waleedabbas4996 21 день тому

      No, it just shows how out of touch the sharks are from the tech sector.
      Good luck living on 50K in the Bay Area.

  • @Ryogo901
    @Ryogo901 2 місяці тому +3

    This was Coffee meet bagel they’re worth $150M now with about 36 mil revenue per year

  • @arist0crat638
    @arist0crat638 2 роки тому +18

    0:22 welp cannot show my parents this video i guess

  • @jimmarshall5453
    @jimmarshall5453 8 місяців тому +1

    He didn't offer thirty. He asked if he did offer it, would they take it. That is completely different.

  • @moblz
    @moblz 2 роки тому +15

    This is an older episode. Not brand new. They now have millions of users, but a few years ago, they lost a lot of the user's data and trust.

  • @mikeanderson9266
    @mikeanderson9266 Рік тому +5

    Mark "did not offer" he said IF I did offer 30M. He wanted to see their response.

  • @jetpackwale2562
    @jetpackwale2562 Рік тому +14

    Dad did a great job with them 👏🏾

  • @williamayres692
    @williamayres692 Рік тому +9

    Mark said I'm out but still had interest in it. He would've bought the company if she told him yes❤

    • @jojobee42
      @jojobee42 Рік тому +5

      I think he was just testing them...

  • @mrbakedbean7315
    @mrbakedbean7315 2 роки тому +48

    Barbara: I like meat and for that reason I’m in.
    Also Barbara: I’m out.

    • @warriormanmaxx8991
      @warriormanmaxx8991 2 роки тому

      @Mr BakedBean - Ohhhh ... you are SOOOO Funny !! (Not!)

  • @sushimamba4281
    @sushimamba4281 Рік тому +5

    Note that Mark said, "IF I offered you $30m..."
    He never actually made the offer.

  • @ErikAdiguno
    @ErikAdiguno Рік тому +7

    2:17 Barbara's writing she's out

  • @mHunterSimon
    @mHunterSimon 6 місяців тому +1

    Robert Herjavec is HILARIOUS. Bro... tell me you don't have tech apps without telling me you don't have tech apps

  • @stevengreidinger8295
    @stevengreidinger8295 2 роки тому +94

    An extremely well-credentialed management team with a vision of how to market dating specifically to single women. Kicking them out of the business was the wrong move, even before we knew what happened later. Cuban put forward the wrong deal.

    • @robertroberts3rd265
      @robertroberts3rd265 2 роки тому

      What happened later?

    • @stevengreidinger8295
      @stevengreidinger8295 2 роки тому +3

      @@robertroberts3rd265 Extremely successful app with millions of users worth hundreds of millions of dollars. It is a noticeably different dating experience.

    • @cheery-hex
      @cheery-hex Рік тому +1

      100% agree Cuban lost out here

  • @hmzbn
    @hmzbn Рік тому

    i just looked up the net worth today- 7 months after this clip was uploaded and Coffee Meets Bagel value is estimated at $150-$200m. good call from these sisters

  • @Salohcin_x
    @Salohcin_x 2 роки тому +659

    I think Mark had the right idea by trying to buy the company outright. Most of the time you like to invest in the people, in this case the people are the liability. The product is good in a market that’s going to continue to grow, but the fact that they’re paying themselves a six-figure salary after having to raise most of what they had, are expecting to lose all of the ten million they are projecting the following year, and aren’t even willing to share the current number of subscribers, shows me that the sharks were correct in not getting into business with them.

    • @jeanirizarry8400
      @jeanirizarry8400 2 роки тому +79

      They are currently worth 150mil. They were the right people.

    • @Salohcin_x
      @Salohcin_x 2 роки тому +121

      @@jeanirizarry8400 They needed 5 rounds of funding to accumulate over $23 million from 10 different investors and so far it has taken 11 years to generate less than 3.5% of what they claimed they would generate yearly. I can only imagine how little of the company they still own with that much outside funding required.

    • @aniketprasad3128
      @aniketprasad3128 2 роки тому +59

      They are from San Francisco. 100k salary is still low-end there.

    • @Salohcin_x
      @Salohcin_x 2 роки тому +16

      @@aniketprasad3128 this episode aired in 2015. There’s no chance they didn’t give themselves massive raises since then.

    • @AC-hh2cb
      @AC-hh2cb 2 роки тому +13

      @@Salohcin_x it was low in 2015 lol

  • @HT-vd4in
    @HT-vd4in Рік тому +39

    Wow, this father did a great job 👏🏻

  • @julremnacua3282
    @julremnacua3282 Рік тому

    The woman in the middle saying "No" to Mark Cuban is music to my ears

  • @poppactz
    @poppactz Рік тому +11

    Imagine going on a date off of a dating app and the person created the app 😂

  • @mimistrilingual
    @mimistrilingual 9 місяців тому

    I think the lady knew it wasn't an offer from Mark but rather a question so she said no. The right answer here is to say no for future investment opportunities. She knew Mark was already out and knew it was a mind game. Smart!

  • @singularsink
    @singularsink Рік тому +10

    Title is clickbait! That was not an offer, Mark was testing them if they trusted themselves, they passed which Mark acknowledged by nodding his head, but no way he was offering 30M. If they said yes Mark would have simply said that they did not trust in themselves so he was still out :)

    • @jojobee42
      @jojobee42 Рік тому

      EXACTLY, thank you!! He's done that before and when they said 'yes' he said they don't trust the business...

  • @Shortywalker
    @Shortywalker Рік тому +6

    And now the business is worth 150Million! Well done ladies!!

  • @ruok.....
    @ruok..... 2 роки тому +13

    Would’ve been more interesting show if they said yes and see how mark would react

  • @evandalton12
    @evandalton12 2 роки тому +21

    The company now has a reported net worth of $150Million, they are probably still breaking even

  • @anuraga47
    @anuraga47 8 місяців тому

    Speciality of these people is they are always smiling and without under eye bags

  • @AreyemMeyera
    @AreyemMeyera 2 роки тому +8

    30m is a good deal. They will no longer have to risk and worry about losing money over their website. Ni more risk. Let that sink in.
    The only reason why it’s value rose to over a 100m days after this aired was because of the publicity. After this peak, who knows what will happen to it.
    Sure, it may be profitable, but 30m is a risk for the one buying it and guaranteed bread for the sellers for years.

  • @ipaintstuff
    @ipaintstuff 7 місяців тому +1

    It’s ridiculous this is considered the largest offer ever on shark tank when Mark was actually the first to drop out. He never made them an offer he was using it hypothetically to prove they came there for exposure and to not make a deal.

  • @Masondurlach
    @Masondurlach 2 роки тому +3

    He didn't make the offer he asked a question... big difference

  • @alejandrohayling8381
    @alejandrohayling8381 Рік тому +2

    Barbara: I don't like bagels and for that reason, I'm out.

  • @over50andfantabulous59
    @over50andfantabulous59 2 роки тому +39

    From Google: Since the three sisters founded it, the firm has expanded at an exponential rate. Coffee Meets Bagel, a social media dating app, has amassed a total net worth of $150 million.

    • @Dwade32
      @Dwade32 2 роки тому

      Google estimates of net worth are usually complete fabrications and have been debunked by the very people being valuated. We have no clue what their revenue is or what they net.

  • @yahyaomar99
    @yahyaomar99 2 роки тому +43

    30 million is not an offer, he just wanted to check and trick them

    • @seal9390
      @seal9390 2 роки тому +4

      They are worth 150 million now

    • @caine23
      @caine23 Рік тому

      @@seal9390 BS

    • @yespls800
      @yespls800 Рік тому

      @@caine23google

  • @RNinja1224
    @RNinja1224 10 місяців тому +1

    For anyone watching this in 2024 and curious on timeline and how things went:
    1) Coffee Meets Bagel launched in April 2012.
    2) Went on Shark Tank in 2015 with self valuation of $10M ($500k @ 5%)
    3) Mark Cuban hypothetically proposes $30M for 100% of company.
    4) Sisters project to hit $10M revenue (break-even) within 1-2 years.
    Fast Foward to 2024:
    1) Coffee Meets Bagel user count is 6.2M
    2) annual revenue is $36M
    4) Profit of $1M
    5) current company valuation/worth projected at $150M
    **Side Note: Bumble launched in December 2014 (2yrs after CMB). Currently in 2024 has 12.3M users (almost double that of CMB). $275M revenue last quarter. $1.79B valuation.

    • @mongstyt9946
      @mongstyt9946 9 місяців тому

      Very detailed info. You could tell they knew their stuff.

    • @saidoubenssi
      @saidoubenssi 9 місяців тому

      i like this