-- The three sisters who rejected the biggest "offer" ever on “Shark Tank” don’t regret their decision not to sell their dating app, they said.
"Who knows? If we had those guys, maybe it could have been different. But at the end of the day, I think we are doing very well without those guys," Arum Kang told ABC station KGO-TV in San Francisco.
"We would not have accepted any buyout offers at this point, even from Mark Cuban,” chief operating officer Dawoon Kang told ABC News. “The reason is we know we can grow Coffee Meets Bagel to be a much bigger company - this generation's Match - and to sell our company right now, we would have sold ourselves short. We would have loved to have him as an investor though, because he is a very sharp tech investor and really knowledgeable in this field.”
The sisters hoped to raise $500,000 in exchange for 5 percent equity in the company, which they say is distinct for its appeal to women.
"There is a saying out there that 'Once you attract women, men will just follow,' and this is totally true," Arum told KGO.
"When we actually give you a match, who is a friend of a friend, there is actually a 47 percent more likely chance that the match, the introduction, will result in a mutual like," Dawoon told KGO.
The company has raised $2.8 million in external funding so far, including from one of the co-founders of Match.com.
Though the "sharks" were impressed with Coffee Meets Bagel's revenue and fundraising, they declined to invest, expressing disapproval at their spending. On top of paying developers, the founders said they each earn $100,000 salaries a year. But they note that that's a "significant" pay cut from their previous jobs.
"Let me ask you a question," Cuban said to the sisters on the show, which was presumably taped last year. "If I offered you $30 million for the company, would you take it?"
But the sisters declined the offer, pointing to Match.com's $800 million revenue in a year.
In 2013, Coffee Meets Bagel made $87,000, the sisters said. In the first five months of 2014, the company made about $270,000. Last year, Coffee Meets Bagel forecasted making $1 million, the sisters said during the taping. In 2015, the company plans to make $10 million, but will break even while it spends more to acquire about 4 million users.
Those users will generate about $2.50 each. At the time of the show taping, the customer acquisition cost was 30 cents. The company plans to spend about $3 million to $4 million on marketing spending, a slight increase, the sisters said.
Cuban did not respond to ABC News' request for comment.