Coffee Meets Bagel: Shark Tank Updates : Find right Here pt.2

Coffee Meets Bagel: Shark Tank Updates : Find right Here pt.2

Running the figures

After a remarkable introduction and summary of the way the item works, the sharks dig in to the economic information on the app that is dating.

  • Month-to-month users: Between 100,000 and 500,000 users
  • Yearly product product sales: $87,000 year that is last $270,000 in very first five months of present 12 months
  • Projected sales that are annual $1 million for present 12 months; ten dollars million for the following year
  • Consumer acquisition price (CAC): $0.30 cents
  • Margin of profit: negative

The siblings refuse to expose a precise amount of month-to-month users, that they claim is actually for competitive reasons, however they are maddeningly obscure about this point. They claim so it offers good concept of individual base, nonetheless it plainly does not. After duplicated grilling through the asian dating site sharks, Mark Cuban falls down on concept. “I’m away. You need to offer us that, have you been kidding? I’m away,” he claims. The sisters appear unruffled, and carry on fielding concerns.

They aren’t making any profit currently as it turns out, their profit margins are negative – meaning. Continue reading “Coffee Meets Bagel: Shark Tank Updates : Find right Here pt.2”