Coffee Meets Bagel Success Rate
Coffee Meets Bagel is a dating and social networking service based in San Francisco. Coffee Meets Bagel was incepted by three sisters, namely Soo Kang, Arum Kang, and Dawoon Kang. On 17 April 2012, the sisters launched the app in New York City. The app aims to match a person with a potential partner through a mutual friend on Facebook. The app has two main sections where a person can browse profiles, and these are Discover, and Suggested.
CMB Prompts & CMB Dating App Review. Coffee Meets Bagel has been around since 2012 and famously appeared on Shark Tank where it declined an offer to be bought out by Mark Cuban for $30 million (latest valuation is $150 million). It’s been widely marketed as a relationship focused app with an emphasis on quality over quantity. Bag of 200 – $2.99. Medium Bag – $4.99. Bag of 3,000 – $24.99. Premium CMB members receive 15% more than bagels on the basic plan. But premium members don’t need to purchase beans like everyone else, as most of the “bean perks” are included in the price of Coffee Meets Bagel premium access. Coffee Meets Bagel may cater to users who feel uncomfortable on Tinder, but that alone can’t have some success on it. For another reason, Tinder has a large user base. The current survey estimates about 8 million out of 28 million users visit the app weekly.
In the Suggested section, there are suggested matches by the app, and one has to like to get started. On the Discover section, you can browse through the profiles of the users who meet the criteria you have specified in the Discover filters. Compared to other dating sites, Coffee Meets Bagel is relatively easy to use and very convenient as well.
Inception
After its inception in April 2012, the company announced to have raised a seed funding $600,000. Lightbank led the funding, and it also included the investment of Peng T. Ong, the co-founder of Match.com. On 10 May 2012, the company was launched in Boston, and this was followed by another launch on 24 October 2012, in San Francisco.
In an episode of the Shark Tank that aired in January 2015, the Kang sisters were part of it. They had gone in search of an investment of $500,000 in exchange for 5% of their business. The Sharks were very impressed, and Mark Cuban did not hesitate to make them an offer. However, the offer turned out to be the biggest in the history of the series.
Mark Cuban shocked everyone after offering the sisters $30 million for the entire business instead of the $500,000 they wanted for the 5% of the business. The Kang sisters were not willing to part with the business, and they turned the offer down. The rejection led to a lot of backlash to the sisters, but they stood their ground, saying that they believed the business would become much more valuable in the future.
After rejecting the offer, critics stated and believed that that was the end of Coffee Meets Bagel. However, to their astonishment, the Kang sisters have proved all of them wrong as they have worked very hard, and their site continued growing. It even went international with its launch in Sydney and Hong Kong in 2015.
Evolution
Despite turning down Mark Cuban’s offer, the Kang sisters still needed funding for their fast-growing business in order to get to its full potential. They worked really hard, and on 4 May 2018, they raised a total of $6.7 million in series B funding. This was a very big boost to their company, and their business expanded even further.
One of the reasons why the site is very successful is because it has many unique selling points compared to other dating sites. Coffee Meets Bagel uses Facebook to match its users based on the things that they have in common. The men are sent 21 matches daily, and the matches they like to get the option to like the matches who have already liked them. Direct contact is only available when a Coffee (used to refer to men) and a Bagel (used to refer to women), both click the like button on a potential match.
Awards & Achievements
One of the biggest achievements of the site is making more than 50 million matches since it was launched. As of 2019, they had more than 7 million users, and this is a huge achievement, considering it has been operational for about seven years. In 2019, Coffee Meet Bagel won the Shorty Award. This was for a marketing video they made on rapper Ice-T taking coffee and bagel for the first time.
Net Worth of Coffee Meets Bagel in 2021
As of July 2021, Coffee Meets Bagel is estimated to be worth $150 million. The app, which was launched in 2010, has seen immense growth over the years and has succeeded amid stiff competition. The company was once able to raise more than $7.8 million in external funding, and this shows the rate of success they have. The co-founders refused a $30 million buy-out back in 2015, and today, they can celebrate their decision back then.
Coffee Meets Bagel is an online dating platform that is designed to help singes make wise connections. It was launched in 2012 and as of 2021; it had more than 8 million users. This goes a long way to show the magnitude of growth in the company. The Kang sisters had a vision, and they have worked very hard to achieve it. Today their site is ranked among the top dating sites, and they are not slowing down as they have plans to launch in Seattle and other cities as well.
Coffee Meets Bagel Review
Is the Coffee Meets Bagel (CMB) dating app better or worse than other popular dating apps like Bumble or Tinder? How does Coffee Meets Bagel compare with these popular options?
We researched Coffee Meets Bagel and combed the internet for detailed user feedback and reviews. Here’s a quick but complete summary of our findings.
How Does Coffee Meets Bagel Work?
Coffee Meets Bagel prides themselves on their algorithmic matching, and only handpicks a couple suggested users for you to like each day at noon.
Women only see users who have already liked them in their suggested list.
If you’re not into your suggestions, you can always browse through profiles in the “discover” tab of the app.
Does Coffee Meets Bagel Cost $?
How much does Coffee Meets Bagel cost? Nothing.
Coffee Meets Bagel is free to use, but like Tinder Plus and Bumble Boost, they offer a paid premium service with some extra perks (like increasing the amount of profiles you can like each day), and it costs from $20-$35/month. You’ll get the best deal on Premium if you commit to 6 months up front.
Like Bumble coins, CMB has their own in-app currency “beans” you’ll need to purchase to access premium and other perks. You can also earn free beans just by using the app.
Coffee Meets Bagel Success Rate
Coffee Meets Bagel Dating App PROS
• Coffee Meets Bagel limits the amount of users you can like to five per day, which greatly discourages the swipe-now-look-later spirit of apps like Tinder. Thus, Coffee Meets Bagel attracts users who are more discerning and review whole profiles, not just pics.
• There are more women on the app than men. Coffee Meets Bagel has a ratio of about 60/40 women to men. This helps everyone out — women get to be more selective, and men don’t need to worry about competing with tons of other guys.
• CMB limits how long you can chat before setting up a date. You only have 7 days after matching to get to business and exchange info and/or plan an IRL meeting. This eliminates the who’s-going-to-make-the-first-move game, and cookie-jarring matches to hit up later.
Coffee Meets Bagel Dating App CONS
• Fewer opportunities for matching — Because CMB only shows users a handful of profiles each day, it can take longer than other apps to get matches. This longer process can feel discouraging for users who want a more min/max experience.
• There’s no desktop version of Coffee Meets Bagel.
Is Coffee Meets Bagel Profitable
• Some users have complained that not enough people are on the app, making high-quality match material more of a scarcity.
Overall Takeaway: ✔️
We can conclude our review by saying that Coffee Meets Bagel is a pretty cool dating app, and can be a refreshing change from the endless swiping game of Tinder and Bumble. We like CMB’s mentality that more doesn’t always equal better, and it can be a more fulfilling experience to carefully review a handful of profiles than swipe through hundreds.
How to Optimize Your Coffee Meets Bagel Profile?
Good pics.
Seriously, you can’t underestimate how much good pics matter, especially for apps that attract discerning users like Coffee Meets Bagel.
With the wrong pics, you can end up with 0 matches. The right pics can change your dating life completely.
Test your dating pics on Photofeeler to make sure you’re using your best ones.
Go to Photofeeler.com now and give it a try!
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