HelloPrenup Shark Tank Net Worth 2023
Hello Prenup is an online prenuptial agreement platform that was pitched on Shark Tank episode 1307 by Sarabeth Jaffe and Julia Rogers. They were seeking $150,000 for 10% of their company.
Kevin O’Leary and Nirav Tolia offered them $150,000 for 30% equity (50/50 split). Hello Prenup was worth $1.5 million before Shark Tank, but the deal signed on the show was worth $535k.
The company projected $4.1 million in sales for 2021.
As of December 2022, Hello Prenup is expanding slowly and almost covering most of the United States now. However, there is no information available about its net worth in 2023 or whether it will continue to grow.
What is HelloPrenup? Who is the founder of HelloPrenup?
HelloPrenup is an innovative online platform that allows couples to create prenuptial agreements quickly and affordably.
Unlike traditional methods that can take months and cost thousands of dollars, HelloPrenup streamlines the process and reduces costs to a fraction of the standard rate.
Julia Rodgers, the CEO, and Sarabeth Jaffe, the CTO, are the masterminds behind HelloPrenup. They are committed to helping every couple build a strong foundation for their marriage through open communication and financial transparency.
Using HelloPrenup is easy. Couples simply register for an account, invite their partner, and complete a questionnaire. The platform’s simplicity and affordability make it the prenuptial agreement platform of choice for young couples.
In addition to Rodgers and Jaffe, the HelloPrenup team includes Head of Marketing Lauren Lavender and Digital Strategist Droug Julian. Rodgers, who is also an attorney specializing in family law, believes that couples benefit from being more involved in the prenuptial agreement process.
The platform costs $599, which is significantly less than the thousands of dollars that lawyers charge for similar services.
After completing the questionnaire, users must pay the online fee before downloading the completed agreement. If desired, couples may still choose to engage a lawyer to review the documents.
Rodgers emphasizes that prenuptial agreements can actually strengthen relationships by ensuring that both spouses are on the same page financially from the outset. HelloPrenup is leading the way in making prenuptial agreements accessible and affordable for all.
HelloPrenup Shark Tank Pitch
Sarabeth Jaffe and Julia Rogers pitch their online prenuptial agreement platform, HelloPrenup, on Shark Tank episode 1307.
The two enter the Tank as brides seeking $150,000 for a 10% stake in their company, which is valued at $1.5 million.
During the pitch, they discuss their company and how they came up with the idea for it. Julia, who is a family law attorney, founded the company in March 2020, and Sarabeth joined to help with the repairs.
Despite being in the wedding industry, the company faced software troubles, and as a result, they only had $20,000 in lifetime sales.
However, they projected $4.1 million in sales by 2021, which the Sharks found to be unrealistic. The cost of their service is $599, compared to the average traditional prenuptial agreement cost of $5000.
After discussing their challenges and business model, most of the Sharks decline to invest. However, Nirav offers $150,000 for 30% equity, which they counter with a 20% stake.
Nirav eventually agrees to 25%, and Kevin joins in on the deal. The women plan to use the investment to expand their services beyond the 18 states they currently serve.
Following their appearance on the show and the completion of the deal with Nirav and Kevin, HelloPrenup experienced a surge in online traffic and sales.
They intend to hire lawyers to conduct legal research to expand to new states. As of January 2022, the company is still in operation.
Net Worth of HelloPrenup
The company valuation was $1.5 million during the pitch after Nirav and Kevin investment the company valued at $500,000.
Since then the company is still operating and hence the company net worth might have increased.
HelloPrenup FAQs
What is HelloPrenup?
HelloPrenup can be considered as a breakthrough in prenup agreements. The firm provides an online platform for its users to create, customize, and complete their prenuptial agreements. What distinguishes them from the rest is their alternative solution that makes the agreement accessible to everyone.
Who is the inventor?
Julia Rogers and Sarabeth Jaffe are the co-founders of HelloPrenup. They designed the platform and created an online tool that enables couples to create, customize and complete their agreement independently. The founders hold a bachelor’s degree in business administration from Drexel University.
How much were they asking on Shark Tank?
They were asking for $150,000 for a 10% stake in the company.
How much did they get?
They got $150,000 for a 30% stake in the company from Nirav and Kevin, which is now worth $500,000.
Is HelloPrenup still in business?
HelloPrenup is still in business as of January 2022.
How do I know about this company?
HelloPrenup is available on the web and through mobile devices. Users can download the HelloPrenup agreement after making an account on hello-prenup.com.
What do HelloPrenup Do?
The company offers a convenient and inexpensive way of creating prenuptial agreements; they allow users to reach a mutual understanding and protect themselves against future conflict between spouses.
How long does it take to get a HelloPrenup?
If users intend to engage an attorney to negotiate and create their HelloPrenup, the process of writing, negotiating, and signing should take 3-6 months. When they use HelloPrenup to write a prenup, user may do so as soon as they desire, in as little as a few hours!
How much is a simple HelloPrenup?
The average cost of a normal prenuptial agreement established by an attorney is $2,500 per fiancé. A prenuptial agreement with HelloPrenup costs just $599 per couple.
Can the HelloPrenup document be edited after download?
Yes! Their prenuptial agreement will be downloaded as a Microsoft Word document that users may alter.
If users decide to employ an attorney after downloading the HelloPrenup agreement, their attorney may quickly alter it to address their concerns and meet their individual circumstances.
What is the net worth of Julia Rogers?
The net worth of Julia Rodgers is no available.
What is the net worth of Sarabeth Jaffe?
The net worth of Sarabeth Jaffe is not available.
