He added: “It’s a newer, ephemeral version of HotorNot, which is brilliant but I don’t know how protectable that is.
“I give you total credit and I think you guys have done some brilliant things. I don’t think the risk-reward is there. For me. I’m still out.”
After receiving no other offers from the Sharks, Arum Kang said: “While $30million may sound like a lot of money, you wait, Mr Mark Cuban, because this baby is going to explode.”
According to its website, Coffee Meets Bagel is for singles who are “ready for something serious and tired of wasting time”.