Hater App Shark Tank Net Worth (Before and After Shark Tank)

Welcome to my article on the hater app’s net worth before and after its appearance on Shark Tank! The hater app, created by Brendan Alper in 2017, gained significant attention when it made a deal with Mark Cuban during Season 9 of Shark Tank. Let’s explore the app’s journey and its financial status.

Key Takeaways:

• The hater app, created by Brendan Alper, appeared on Shark Tank’s Season 9.
• Mark Cuban invested $200,000 in exchange for 10% equity.
• At the time of the deal, the hater app had a net worth valuation of $4 million.
• Despite a successful launch and over 1 million downloads, the hater app went out of business in 2018.
• As of October 2023, the hater app is no longer available in the market.

The Hater App Pitch on Shark Tank

During the Hater app pitch on Shark Tank, Brendan Alper presented his unique dating app concept to the panel of investors. With the goal of connecting people based on shared dislikes rather than common interests, Hater aimed to disrupt the traditional dating app market. Brendan asked the sharks for $200,000 in exchange for 5% equity in his company.

Mark Cuban, known for his savvy investments in the technology industry, saw potential in Hater and made an offer. He offered $200,000 for 10% equity, effectively valuing the app at $4 million. Brendan, recognizing the opportunity to work with a successful entrepreneur like Mark, accepted the deal. This agreement on Shark Tank helped to solidify the app’s worth and generated significant publicity for Hater.

However, despite the initial success and hype surrounding the app, the Hater app faced challenges in monetizing its user base. The original business model included plans for implementing advertisements and premium subscriptions to generate revenue. Unfortunately, these plans did not come to fruition, and the Hater app ultimately struggled to establish a profitable model.

Shark	Deal Offered	Equity	Valuation
Mark Cuban	$200,000	10%	$4 million

Overall, the appearance of Hater on Shark Tank provided the app with a significant valuation and valuable exposure. However, the challenges in generating profits and sustaining the business ultimately led to the app’s closure in 2018.

Brendan Alper and the Hater App Journey

Let me tell you about the man behind the Hater app – Brendan Alper. As a former Wall Street worker turned stand-up comedian, Brendan had a unique vision for a dating app that matched people based on their mutual dislikes. In 2017, he took a leap of faith and invested his 401(k) and entire savings to bring the Hater app to life.

After its launch, the Hater app gained significant traction, attracting an impressive user base of 500,000 people. The concept resonated with many, and the app quickly became popular. However, despite its promising start, the Hater app faced difficulties generating revenue.

As a result, the Hater app unfortunately went out of business in 2018. Although Brendan’s app didn’t achieve the financial success he had hoped for, he didn’t let that stop him from pursuing his entrepreneurial dreams. He has since moved on to a new venture called Everbloom, focusing on launching NFT drops.