Shark container offers business owners in the early phases of setting up their businesses an amazing possible opportunity to get capital to advance their unique people further. Throughout the years, a huge array of business information being presented to the Sharks. While some of the have already been a flop, there’s been a lot of innovative and special companies that posses pleased the Sharks as they demonstrated huge capabilities. One such proven fact that the Sharks confirmed interest in was Coffee joins Bagel.
Java suits Bagel are an online dating and social network websites that was established in April 2012 by sisters Arum, Dawoon, and Soo Kang. The sisters generated a bid for investments in an episode of Shark Tank that aired in January 2015. They desired a financial investment of $500,000 in return for 5per cent of these businesses.
Their particular pitch amazed the Sharks such that Mark Cuban made the greatest quote inside the reputation of the collection. Without providing the siblings the $500,000 they need for a 5percent risk, the guy supplied them $30 million for the whole companies. This quote astounded audiences and also amazed Cuban’s fellow Sharks.
But the Kang sisters weren’t willing to spend the their own businesses and, into the alarm of numerous visitors, rejected the offer. They explained which they believed their unique business would be more valuable compared to present from Mark Cuban and they wished to retain control over the business enterprise they created.
The getting rejected resulted in a backlash contrary to the three girls, especially on social media marketing. Men and women criticized their choice together with lady experienced that they were the victims of sexism against feamales in businesses.