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After learning more about the company's growth, however, Cuban asked if the Kangs would sell the entire business for million, an offer they immediately declined."He offered you million and you didn't even flinch! So why did the Kangs turn down the largest offer in history?
Whether or not the offer was real or just a hypothetical didn't end up mattering in the end: Coffee Meets Bagel's founders -- sisters Arum, Dawoon, and Soo Kang – gave Cuban a hard no, confident that their company was destined for greater things."We see this business growing as a big as Match.com," Dawoon told Cuban.
"They're becoming a billion-dollar-revenue company, and we think this model and the product has potential to be as big as Match."Related: Mark Cuban's 12 Rules for Startups Today, Coffee Meets Bagel – which already raised $2.8 million from investors including cofounder Peng Ong -- announced that it has closed a $7.8 million Series A financing round, Tech Crunch reports, led by existing investor DCM Ventures with participation from Quest Venture Partners and Azure Capital.
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According to the outlet, the cash infusion will be used to staff up, and hire additional developers and engineers.
Instead of matching users with a hoard of nearby strangers a la Tinder, Coffee Meets Bagel only connects singles who share Facebook friends; What's more, it eliminates the onslaught of unwanted creepy messages all-too-common on dating sites such as OKCupid by sending each of its users a single match each day at noon and only allowing individuals who mutually like each other to communicate.
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