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

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

Running the Numbers

After an extraordinary introduction and report about how a item works, the sharks dig in to the monetary information on the dating application.

  • 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 very first five months of current 12 months
  • Projected sales that are annual $1 million for present year; ten dollars million for the following year
  • Consumer purchase price (CAC): latin bride $0.30 cents
  • Profit percentage: negative

The siblings refuse to expose a number that is exact of users, that they claim is for competitive reasons, however they are maddeningly obscure with this point. They claim it clearly doesn??™t that it gives a good idea of user base, but. After duplicated grilling through the sharks, Mark Cuban falls down on principle. ???I??™m away. You need to provide us that, have you been kidding? I??™m away,??? he states. The siblings 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 lendo