Coffee and bagel dating

They all knew the type of dating experience they would rather have, and none of the available sites or apps provided their ideal experience.They decided that with the skills they possessed between them, they could set up their own online dating service, to fill the niche in the market.Barbara Corcoran asked what profits the company would make if they achieved their projected sales of million in two years time.Arum told her that the company would begin to break even at that point, and Barbara looked horrified.Arum attempted to justify the salaries, pointing out that 0,000 had been a big pay cut for all three sisters, but Lori wasn’t convinced.She also believed that the basis of the Coffee Meets Bagel app could be copied at any time.

Arum admitted that the company would still lose a million dollars with a million in sales, explaining that future profits were likely to be spent on new customer acquisition.Arum confirmed that the previous year’s sales of ,000 had been easily surpassed in the first five months of the current year, with sales so far of 0,000.Total sales for the end of the year were projected to top

Arum admitted that the company would still lose a million dollars with a million in sales, explaining that future profits were likely to be spent on new customer acquisition.

Arum confirmed that the previous year’s sales of $87,000 had been easily surpassed in the first five months of the current year, with sales so far of $270,000.

Total sales for the end of the year were projected to top $1 million, and $10 million was projected for the following year. Arum disclosed that the company was still making a loss, mainly due to initial salary costs for developers to create the App.

Robert admired the ‘all or nothing’ conviction of the sisters and asserted that the strategy could work, but for him, it was just too risky, and with that, he was out.

Kevin was in agreement, the strategy was risky but potentially very profitable once the user base had grown substantially, but he believed that 5% equity was too small a stake for such a big risk, and Kevin dropped out too.

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Arum admitted that the company would still lose a million dollars with a million in sales, explaining that future profits were likely to be spent on new customer acquisition.Arum confirmed that the previous year’s sales of $87,000 had been easily surpassed in the first five months of the current year, with sales so far of $270,000.Total sales for the end of the year were projected to top $1 million, and $10 million was projected for the following year. Arum disclosed that the company was still making a loss, mainly due to initial salary costs for developers to create the App.Robert admired the ‘all or nothing’ conviction of the sisters and asserted that the strategy could work, but for him, it was just too risky, and with that, he was out.Kevin was in agreement, the strategy was risky but potentially very profitable once the user base had grown substantially, but he believed that 5% equity was too small a stake for such a big risk, and Kevin dropped out too.Arum began to speak but was quickly interrupted by Mark.The billionaire Texan had heard enough evasion from the sisters and abruptly dropped out. Robert Herjavec was happy to move on for the moment, he inquired what sales and profits had been achieved for the business.Lori asserted that the copying of original ideas happened ‘all the time’ on the internet, and for those reasons, she was out too.Barbara told the Kang sisters that she loved the concept of the service, she believed it would be a big hit with women, and men would inevitably follow them onto the service.As users were sourced from Facebook, they were not required to fill in a lengthy and obtrusive questionnaire to join, instead, they could sign up via Facebook in less than a minute.Kevin O’Leary asked how many users were currently signed up for the service, and Arum became evasive.

million, and million was projected for the following year. Arum disclosed that the company was still making a loss, mainly due to initial salary costs for developers to create the App.Robert admired the ‘all or nothing’ conviction of the sisters and asserted that the strategy could work, but for him, it was just too risky, and with that, he was out.Kevin was in agreement, the strategy was risky but potentially very profitable once the user base had grown substantially, but he believed that 5% equity was too small a stake for such a big risk, and Kevin dropped out too.Arum began to speak but was quickly interrupted by Mark.The billionaire Texan had heard enough evasion from the sisters and abruptly dropped out. Robert Herjavec was happy to move on for the moment, he inquired what sales and profits had been achieved for the business.Lori asserted that the copying of original ideas happened ‘all the time’ on the internet, and for those reasons, she was out too.Barbara told the Kang sisters that she loved the concept of the service, she believed it would be a big hit with women, and men would inevitably follow them onto the service.As users were sourced from Facebook, they were not required to fill in a lengthy and obtrusive questionnaire to join, instead, they could sign up via Facebook in less than a minute.Kevin O’Leary asked how many users were currently signed up for the service, and Arum became evasive.

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