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Moneyish

Reed Alexander

And exactly how Dawoon Kang defeat the chances to obtain resource on her technology business

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Once the president of Coffee suits Bagel, there aren’t most gaps in Dawoon Kang’s tactics.

The 34-year-old business owner developed the favorite relationship software for ladies together with her two siblings back in 2012, making use of merely $40,000 of the cash. 5 years later on, the software possess facilitated 100,000 relations, and also earned a $30 million buyout give from billionaire level Cuban on ABC’s “Shark container,” that your siblings refused.

However it featuresn’t been smooth-sailing for Kang. As a female when you look at the Ca technical vortex, Kang encountered competition that is tough. Pretty much 2% associated with $60 billion in investment capital financial support that has been appropriated in 2016 went along to people, relating to an NPR report mentioning facts from Pitchfork.

What’s more, as A asian girl, she confronted much more difficulties, as Moneyish reported earlier in the day this present year.

But, Kang been able to increase cash for coffees touches Bagel by increasing $7.8 million in investment capital from from three providers to finance their particular development, and presenting a freemium model that charges people for many enhanced qualities.

Kang claims their idea that is unique their have that resource.

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