Cheek’d Shark Tank Net Worth

Cheek’d appeared on Shark Tank with a valuation of $1 million. As of 2022, the net worth of Cheek’d be $3 million. The company still operates with annual revenue of $1 million.

Lori Cheek, the founder, did not receive an investment from the sharks, but her card-based dating service is still active and costs $20 for a “deck” of cards and $10 per month to keep a user’s code and profile active.

What is Cheek’d and Who is the founder of Cheek’d?

Cheek’d is an online dating platform that involves an in-person encounter before moving the interaction online. Subscribers would complete an online form and receive personalized business cards with unique one-liners.

These cards could be handed out in social situations, and if the recipient liked the message, they could enter the card’s unique code on the Cheek’d website to view the sender’s online profile. If they both liked each other, they could continue the conversation in a private chat room on the platform.

Lori Cheek founded Cheek’d in New York City in 2010 after working for several furniture-related companies and rising to the position of senior account manager. She holds a Bachelor of Science in Architecture from the University of Kentucky and currently serves as the company’s CEO.

Cheek’d offered both paid and free options. For $25, subscribers received a set of 50 business cards with a word, an internet code, and a hyperlink to their profile. Recipients could view the sender’s profile. In addition to the card purchase, there was a $9.95 monthly membership fee.

The service was discontinued, but Lori Cheek continued to pursue other entrepreneurial ventures and speaking opportunities through her personal website.

Cheek’ Shark Tank pitch

During episode 18 of season 5 of Shark Tank, Lori Cheek presented her business idea to the Sharks in search of financial assistance and IT expertise. The concept behind Cheek’d came from a friend who successfully asked out a woman by writing “Would you want to have dinner?” on the back of a business card.

Cheek’d offers cards with a pickup line on one side and a unique code on the other, allowing users to connect with potential partners discreetly.

Users pay $20 for a deck of Cheek’d cards and $10 each month to keep their code and profile current. At the time of the pitch, Cheek’d was available in 47 states and 28 countries, with 4,500 active members, 1,125 of whom were paying.

Despite the interest shown by some Sharks, including Robert Herjavec, Barbara Corcoran, and Kevin O’Leary, Cheek’d ultimately did not receive any investment.

The Sharks were concerned about the business model and its potential profitability, and Mark Cuban believed that Lori was delusional about the amount of money she had spent on the website. As a result, Lori left the stage without a deal.

However, Lori rebranded and rebuilt Cheek’d within a year and released a new dating app that uses low-energy Bluetooth technology to eliminate missed connections.

The app alerts users when someone who meets their criteria is within 30 feet of them, allowing them to connect in real time. The app was sued for patent infringement in 2017, but the case was eventually dismissed. As of December 2021, Cheek’d be still in operation with annual revenues of $1 million.

Net Worth of Cheek’d

The company was valued at $1 million during and after the pitch since the company still operating with annual revenue of $1 million in 2021. This justifies that the company’s net worth has increased.

Cheek’d Shark Tank Updates

Cheek’d is a dating service that combines online dating with in-person interaction. The service provides users with a stack of cards, each with a pickup line and a code that links to their online dating profile.

Users can then pass the cards to people they are attracted to in person. Cheek’d appeared on Shark Tank in Season 5, Episode 17, in 2014, asking for $100,000 in exchange for 10% equity. However, none of the Sharks made a deal with Lori Cheek.

After the show aired, Cheek’d received more than 100,000 hits on its website within 72 hours. However, the service was eventually discontinued. Lori Cheek continued to pursue other entrepreneurial ventures and speaking opportunities through her personal website

As of 2022, Cheek’d have an estimated net worth of $3 million and annual revenue of $1 million. The company is still operating, and Lori Cheek has rebranded and rebuilt the service in a little over a year.

In 2021, Lori Cheek won a lawsuit against a former employee, Christopher Pirri, who had started a competing business using Cheek’d’s intellectual property. Pirri was ordered to pay Cheek’s attorney’s fees.

Cheek’d Shark Tank Summary:

TOPIC	INFORMATION
Name	Cheek’d
Founder	Lori Cheek
Founded in	2010
Headquarters	New York City, USA
Service offered	Online dating platform that involves an in-person encounter before moving the interaction online
Pricing model	$20 for a “deck” of cards and $10 per month to keep a user’s code and profile active
Sharks’ deal	No deal was made during Shark Tank pitch
Revenue (2021)	$1 million
Net worth (2022)	$3 million
Rebranded app	Uses low-energy Bluetooth technology to eliminate missed connections
Lawsuit won	Against a former employee, Christopher Pirri, who started a competing business using Cheek’d’s IP
Discontinuation	The service was discontinued

 

Cheek’d FAQs

What Is Cheek’d, Owner, And How Does It Work?

Cheekd is a mobile dating app founded by Lori Cheek in 2010. The app is designed to remove the “missed” from “missed connections” by sending notifications to users when a potential match is nearby.

After setting up a profile and desired filters, Cheekd uses Bluetooth to send notifications to users when someone who meets their criteria is within 30 feet of them. Cheekd is a hyper-speed dating app that gives singles the ability to never miss a real-life potential “love connection”.

Cheekd initially launched as a deck of ice-breaking dating cards with a unique code that led the recipient to the privacy-protected online dating profile of the person who slipped them the card.

Cheekd has since pivoted to a mobile dating app that uses Bluetooth technology to connect users in real time. Cheekd adds a human element to online dating because there is actual in-person contact, however brief, before the online courtship starts.

Lori Cheek appeared on Shark Tank in February 2014 to pitch Cheekd but did not succeed in obtaining funding from any of the five judges. Cheekd offered two plans, paid and free.

For $25, subscribers got a set of 50 business cards that could be given out once someone caught their eye. Each card had a phrase, an online code, and a URL to the subscriber’s account. Recipients could look up the giver’s profile.

The original business card-based model for Cheekd had been claimed as a patented process by Lori Cheek, as U.S. Patent 8,543,465. In September 2017, a complaint was filed, alleging that the idea was not original to Lori Cheek.

What Happened to Cheek’d After Shark Tank?

Cheek’d is an online dating service that combines a human encounter with online courting. The founder and CEO of Cheek’d, Lori Cheek, appeared on Shark Tank in 2014 seeking an investment of $100,000 in exchange for a 10% stake in her company.

However, she did not secure a deal with any of the Sharks. After the show aired, Cheek’d received more than 100,000 hits on its website within 72 hours, and half of those hits came from prospective investors.

As of 2023, Cheek’d is still in business, but it has completely swapped the business card approach for a website and mobile app. Cheek’d was rebranded as Cheekd in 2015 and operates a functional website and iOS-only app.

Cheekd has abandoned the old-fashioned business card approach and is taking the awkwardness out of slipping people that card. Cheekd has also left behind the flaws that the Sharks pointed out in the old app.

In 2021, Cheek’d sued a competitor, Pirri, for trademark infringement, unfair competition, and false advertising. The case was dismissed in March 2021, and Pirri was ordered to pay Cheek’s attorney’s fees.

Despite the legal battle, Cheekd is still operating with an estimated value of $6 million as of July 2022.

How Much Was Cheek’d Asking on Shark Tank?

Cheek’d founder and CEO Lori Cheek appeared on Shark Tank seeking an investment of $100,000 in exchange for a 10% stake in her company.

Did Cheek’d have the Deal?

No, Cheek’d did not get a deal on Shark Tank. Lori Cheek appeared on Shark Tank seeking an investment of $100,000 in exchange for 10% equity in Cheek’d. However, all five Sharks rejected her pitch, and she left the show without securing a deal.

Despite not getting a deal, Cheek’d was affected by the Shark Tank effect, and within 72 hours of the episode airing, the company’s website received over 100,000 unique visitors.

Cheek’d is a dating business that allows clients to pass out business cards to people they would like to ask out, but is too scared to invite directly. The business card features a code that leads the person to a website featuring the pursuer’s dating profile.

Cheek’d combines online dating with real-life encounters. Cheek’d was founded by Lori Cheek, who later faced a lawsuit over the rights to the card concept, which she eventually won.

Is Cheek’d Still In Business?

Yes, Cheek’d be still in business as of 2023. Cheek’d is an online dating platform that involves an in-person encounter before moving the interaction online. The company was founded by Lori Cheek in New York City in 2010.

Cheek’d initially used business cards with unique one-liners to break the ice when meeting someone you might be interested in dating.

The recipient could contact the sender through the Cheek’d website if interested. Cheek’d has since rebranded as Cheekd and launched an app to replace the old Cheek’d cards.

Cheek’d appeared on Shark Tank in 2014, seeking an investment of $100,000 in exchange for a 10% stake in the company. The Sharks did not make a deal with Cheek’d, but the company’s website received more than 100,000 hits after the episode aired.

Cheek’d is still operating with estimated revenues of $1 million per year. As of December 2021, Cheek’d is still in operation with annual revenues of $1 million.

What Is the Current Valuation of Cheek’d?

Cheek’d appeared on Shark Tank with a valuation of $1 million. As of 2022, the net worth of Cheek’d is $3 million.

Cheek’d still operate with annual revenue of $1 million. Cheek’d offers cards with a pickup line on one side and a unique code on the other, allowing users to connect with potential partners discreetly.

Users pay $20 for a deck of Cheek’d cards and $10 each month to keep their code and profile current. At the time of the pitch, Cheek’d was available in 47 states and 28 countries, with 4,500 active members, 1,125 of whom were paying.

What is it worth?

The company is valued at $1 million before and after the pitch. Money earned through the company has increased.

How many states are using Cheek’d?

Cheek’d has been released in 47 states and 28 countries.

How does it work?

Users are able to place their code into the back of the Cheek’d card and then send it to another person. The app would display a notification if the recipient was within 30 feet of him or her.

Where is Cheek’d?

Cheek’d is based in New York City.

Is Cheek’d safe?

The app places a big focus on safety for users. It’s also based on the low-energy Bluetooth function which enables users to know if someone is near them.

When does Cheek’d launch?

Cheek’d app was released in 2010.

What is the Cheek’d planned?

Cheek’d provide four plans: One Month at $10, Three Months at $25, and Six Months at $40.

Is Cheek’d profitable?

Cheek’d is profitable with annual revenue of $1 million.

Is Cheek’d work?

Cheek’d worked with 4,534 active members, with 1,121 users who pay for the service.

Does Cheek’d make money?

The app generates revenue by charging $10 per month for subscriptions. They also sell shares on their website at varying prices.

What do you get in Cheek’d subscription?

As stated by Lori, users can be able to contact any other member of the platform within 30 feet of them via Bluetooth technology.

What is Lori Cheek’s net worth?

Lori Cheek’s net worth is unknown.