The unprecedented $30 million offer on Shark Tank was made to Coffee Meets Bagel, a dating and social networking service founded by the Kang sisters.
The Historic $30 Million Offer
On the reality television series Shark Tank, renowned investor Mark Cuban extended an astounding $30 million offer for the complete acquisition of Coffee Meets Bagel. This proposition stood out as one of the largest single offers ever presented on the show, reflecting the perceived value and potential of the dating platform.
Coffee Meets Bagel: An Innovative Dating Service
Coffee Meets Bagel is a San Francisco-based dating and social networking service. It was founded by the Kang sisters, who aimed to create a more curated and meaningful dating experience compared to traditional swipe-based apps. Their platform focuses on delivering a limited number of high-quality matches ("bagels") to users daily, encouraging more thoughtful interactions.
Despite the monumental sum offered by Mark Cuban, the Kang sisters ultimately turned down the $30 million deal immediately. Their decision underscored their strong belief in their company's long-term vision and their desire to maintain control over its growth and direction.
Summary of the Offer
This iconic moment on Shark Tank can be summarized as follows:
| Detail | Description |
|---|---|
| Offer Amount | $30 million |
| Offerer | Mark Cuban |
| Recipient | Coffee Meets Bagel (founded by the Kang sisters) |
| Industry | Dating and social networking |
| Outcome | Offer declined |
This particular exchange remains one of the most memorable in Shark Tank history, highlighting the high stakes and bold decisions made by both investors and entrepreneurs on the show.
