The biggest offer ever turned down by entrepreneurs on Shark Tank was for the dating app Coffee Meets Bagel.
The Unprecedented Offer for Coffee Meets Bagel
Coffee Meets Bagel, a unique dating app founded by sisters, appeared on Shark Tank with a mission to create a better and more curated dating experience for women. This focus predated the launch of other well-known dating platforms like Bumble by approximately three years.
During their pitch, the entrepreneurs received an extraordinary offer from investor Mark Cuban: a staggering $30 million for the entire company. This was, at the time, the largest offer ever made in the history of Shark Tank.
Why the Offer Was Rejected
Despite the record-breaking sum, the founders of Coffee Meets Bagel ultimately rejected Mark Cuban's $30 million offer. Their decision stemmed from a belief that their company was worth significantly more than the proposed amount. They were confident in their vision for the dating app and its potential for future growth, opting instead to retain full ownership and control to continue building the business on their own terms.
This bold move highlighted their strong conviction in Coffee Meets Bagel's value and its unique position in the competitive dating app market.
