Cate App Shark Tank Update | What Happened to the Cate App after the Shark Tank?
What is Cate App? Who is the Founder of Cate App?
The CATE app is a smartphone application that enables users to keep calls and messages private by moving them to a hidden location on the phone.
It was founded by Philip Imler, a police officer, after he noticed the damaging effects of one spouse reading the other’s texts or phone history on domestic relationships.
Imler sold the app for $17,500 to Neal Desai, who worked with his sister to further develop and market it. The app gained over 10,000 users.
What Happened to Cate App at Shark Tank Pitch?
Neal Desai and his sister appeared on Shark Tank to pitch the Cate App in search of investors. They asked for $50,000 in exchange for 5% of the company, which had 5,500 subscribers and had made over $27,000 from downloads at $4.99 each.
Robert and Mark declined due to moral objections, but Daymond and Kevin showed interest. Barbara offered $50,000 for 30% equity and advised rebranding the app as a privacy-focused product.
Desai eventually negotiated with Daymond, Kevin, and Barbara and secured $70,000 for 35% equity in the company.
What Happened to the Cate App after the Shark Tank?
After the Shark Tank, Cate App was sold to Kevin and Daymond for 35% ownership in exchange for $70,000. It reached 10,000 downloads.
The app operates in stealth mode and is hidden as an icon on the smartphone, making it useful for safeguarding confidential conversations.
However, it also has a potential for malicious use as it can be downloaded without the user’s knowledge to monitor calls and messages.
At the time, it was only available for Android phones, but development for an iPhone version was underway. The app was discontinued a year after its launch. Desai started to promote the app as a “privacy app” to businesses, government agencies, and lawyers.
Cate App Competitors
The biggest competitor of Cate App is another app which is known as ‘AppMetic’.
Net worth of Cate App
The initial earnings of Cate App were $27,000, generated from each download priced at $4.99. The Shark Tank later invested $70,000 in exchange for a 35% stake, valuing the app at around $200,000.
FAQs of Cate App
What is Cate App?
Cate App is an app that allows user to redirect unwanted calls and messages.
Cateapp was founded by a police officer who was motivated when one of his coworkers was detected cheating on his wife via inappropriate text messages.
The application was created with the intention of concealing private phone numbers, emails, and text messages.
The designer maintained that the program was not expressly targeted at cheaters, despite the fact that the term “mistress” was used in promotion.
While it’s an intriguing concept, having a police officer promote an app for keeping information private and concealed from your spouse is very alarming.
His detective abilities appear to be significantly more valuable and useful than that
Who was the founder of Cate App?
Philip Imler who was the police officer.
Who owns Cate App?
Neal Desai who is the co-founder and his sister is also the co-founder of Cate App.
What was ‘Cate App’s valuation in the Shark Tank?
$50,000 for an exchange of 35% which valuation to nearly $142,000.
Did the Cate App get offer from Shark Tank?
Yes, it did get offer from Shark Tank.
What was the offer?
$70,000 for an exchange of 35% and valuation is $200,000.
How many users is Cate App currently serving?
Over 10,000 users at the time of recording. Due to Shark Tank’s presence after Shark Tank, Cate App is currently only accessible for Android smartphones.
Is Cate App still in business?
No, the Cate App isn’t currently in business. The business shut down.
What was the reason why the Cate App got shut down?
The Cate App was shut down because of its popularity after its appearance on Shark Tank, allowing some cheaters to use it to track calls and messages on their spouses’ phones.
Is Cate App a good app?
It is not a good app, but it is a privacy app.
What is the benefit of Cate App?
Cate App allows its user to redirect unwanted calls and messages on a smart phone that the user wants to remain private.
Has the Cate App made any profits since the Shark Tank? And what was it?
Yes, $227,000 has made profits since Shark Tank aired.
Has the Cate App been discontinued?
Yes, the app was discontinued about one year after it was appeared on Shark Tank, but has not been officially discontinued as of 2013.
There is still a link available which can show you how to download it on your Android mobile phone and iPhone mobile phone respectively. It is currently only available for Android smartphones.
Is there any link available to download the Cate App?
No, but there is a link available which can show you how to download it on your Android mobile phone and iPhone mobile phone respectively.
What is the Business Model?
There is a fee for users to download and use the application as well as a limited free version. The program is not limited to any particular smartphone brand or wireless provider.
What is Cate App’s Competitive Advantage?
The software simply serves as a deterrent for those looking to break the trust of their relationships by using their spouse’s phone without permission.
What is Cate App’s Business Potential?
Other than the obvious benefits of stopping cheating, the app helps to protect users who use their smart phone for business reasons.
Is Cate App free to download?
Yes, it is free to download but cost $4.99 to use.
How many downloads has Cate App had since its release?
Over 10,000 download. Cate App is a top rated app for Android Mobile Phone and iPhone Mobile Phone.
How the Cate App does make money?
There is a small fee for users who wish to download and use the application. The app is not limited to any particular smartphone brand or wireless provider.
Is Cate App perfect for cheaters when they find their significant other cheating on them?
The Cate App does not allow anyone to cheat on their significant other with it.
Is there any way to hack the Cate App?
No, there is no way to hack the Cate App.
Which are the competitors of Cate App?
The biggest competitor of Cate App is another app which is known as ‘AppMetic’.
Is Cate App legit?
Yes, Cate App is a legit app.
What was Neal Desai’s pitch?
He introduced himself and informed the Sharks that he was seeking $50,000 for a 5% investment in his business.
What is the application do?
CATE is a mobile application that conceals messages from certain individuals on a user’s smartphone.
CATE is a mobile application that conceals messages from certain individuals on a user’s smartphone.
If one of those numbers sends a text or makes a call, it is concealed and saved.
What was the first joke Neal told?
He stated that they had all known someone who had been duped, who had cheated on someone else, or who had been falsely accused of infidelity.
What is the CATE Stands for?
CATE is an acronym for “Call and Text Eraser,” which means that any communications from persons on your list will be totally concealed within the App.
What is the limitation of Cate Application?
The disadvantage of the Cate app as a cheater’s app is that it can be downloaded without the user’s knowledge, allowing someone to track all calls and messages.
What Is the App’s Price?
The application cost per download was $4.99.
What’s the deal?
Desai managed to convinces Kevin and Daymond to accept $70K for 35%. The transaction is complete.
How was Neal able to get the CateApp?
Neal and his sister acquired the CateApp through the prominent website Flippa, which specializes in purchasing and selling websites/apps.
Desai has began selling the App as a “privacy app” to corporations, government organizations, and attorneys.
Cate App is beneficial for any entity that requires the protection of sensitive conversations.
Daymond John and Keven O’Leary will invest $70,000 and take a 35% stake in the privacy app.