Coffee Meets Bagel: Business Model & Company Vision (post 4)
Coffee Meets Bagel is an online / internet dating application that first launched in May of 2011 in Boston Massachusetts; however, its headquarters is now located in San Francisco California. The mobile app is currently led by two of its founders, Arum Kang and Dawoon Kang and they are the two co-CEOs that run the company. Coffee Meets Bagel employs a unique business, one that advocates that their respective value propositions are an alternative to other popular dating apps, and that their service offerings are what differentiate themselves from their competitors such as Tinder, Bumble, and Hinge. As a result, the coffee meet bagel business model is aimed at presenting its users with a more meaningful version of a dating app for people who are tired of meaningless connections. In January of 2015, the company was just a small Startup business with very little funding. As a result, the sisters made a bid for investment in an episode of the reality television show Shark Tank. The ...