My Therapy Journal Shark Tank Update| My Therapy Journal after Shark Tank

What is My Therapy Journal?

My Therapy Journal, created by brothers Rodolfo and Alexis Saccoman, is a web-based tool that allows users to track their mental and emotional well-being in private and secure journals.

The program was developed as part of a tribute to the brothers’ father, who had worked hard to bring them to the United States.

Who is the founder of My Therapy Journal?

The Saccoman brothers, Rodolfo and Alexis, created My Therapy Journal as a tribute to their father, who had worked hard to bring them to the United States.

The program tracked users’ moods, habits, concerns, and diagnoses through keywords and evaluated if their mental well-being had improved.

Alexis is a therapist and works as a Program Director for iThrive, while Rodolfo is the CEO of AdMobilize and MATRIX Labs, as well as an investment advisor and head of digital investing.

Their father had a factory job before earning two master’s degrees and going to college, and worked hard to secure a better future for his sons, who both went on to successful careers.

What Happened to My Therapy Journal at Shark Tank pitch?

Alexis and Rodolfo pitch their business, My Therapy Journal, to the Sharks on Shark Tank.

They are seeking an $80,000 investment in exchange for a 20% stake in their company, which is valued at $400,000.

The website allows users to access therapeutic services from the comfort of their own homes, and has over 1,000 registered users and 120 paying customers.

The Sharks are unimpressed with the figures, but the brothers reveal they have been in contact with a major insurance company, which piques the Sharks’ interest.

Kevin O’Leary and Robert Herjavec make competing offers for 51% ownership of the company, with Daymond John also making an offer for 50% ownership.

Ultimately, the brothers accept an offer from O’Leary and Herjavec for $80,000 and 51% ownership, and the deal is made.

What Happened to My Therapy Journal after Shark Tank?

Despite the support of two “Sharks” on the show, the deal between Robert and Kevin and the Sharks fell through, leading to the brothers terminating their relationship with the firm in December 2009.

Alexis Saccoman is now working as a Program Director at IThrive and as a private practice psychologist, while Rodolfo Saccoman has shifted his focus to his own start-up, AdMobilize.com.

Unfortunately, My Therapy Journal was forced to shut down.

 Competitors of My Therapy Journal

My Therapy Journal put up a stiff competition to Daybreak Health, Anxiety Care and Mood GYM.

Net Worth of My Therapy Journal

During the pitch, the company was valued at $400,000. After the investment by the Sharks, the company’s value dropped to $156,863. As of 2021, the company’s net worth is unknown as it is no longer in operation.

My Therapy Journal FAQs

What is My Therapy Journal?

My Therapy Journal is an American web-based application that allows users to keep track of their mental and emotional health.

The program monitors your thoughts, moods, and activity to help keep you on top of your emotional issues and health.

Who is the founder of My Therapy Journal?

Two brothers, Rodolfo and Alexis Saccoman, founded My Therapy Journal. Their initiative was part of a larger strategy to commemorate them father, who had worked tirelessly to secure their admission to the United States.

How much were seeking on Shark Tank?

My Therapy Journal was seeking $80,000 for 20% ownership in the firm, which had a value of $400,000.

Did they get the deal?

Yes, the brothers met with Robert Herjavec and Kevin O’ Leary who made an offer of $80,000 for 51% ownership but they never closed the deal.

What Happened to My Therapy Journal’s Founders?

Alexis Saccoman is now the Program Director at IThrive and works as a psychologist in private practice. Rodolfo Saccoman has switched his concentration to AdMobilize.com, his own start-up.

Is My Therapy Journal still in business?

My Therapy Journal is no longer in business due to the company’s inability of keeping up with rising popularity.

How My Therapy Journal does make money?

My Therapy Journal makes money from premium subscriptions. The company charges $17.97 per month or $179 for a year for a premium subscription.

How is the business model of My Therapy Journal?

My Therapy Journal is a web-based application that allows users to track their mental and emotional health through journal entries.

Where is My Therapy Journal located?

My Therapy Journal is based in Montvale, New Jersey, United States.

How much does My Therapy Journal cost?

The company offers one-year premium subscriptions for $179, which costs about $8 per week.

Is My Therapy Journal safe?

My Therapy Journal is a safe application and is safe for public use.

Is My Therapy Journal available for mobile use?

My Therapy Journal is available for mobile use, but only Android devices.

How does My Therapy Journal works?

The program runs in the cloud, so it does not require any installation on your device. After you sign up for an account, you can write entries about your thoughts and moods.

If you have well-being issues that are currently going on, you can input them in their database of symptoms.

How do I pay for My Therapy Journal?

Users can pay for My Therapy Journal using their credit card.

What are the reviews of My Therapy Journal?

The program is getting positive reviews from its users. It has got 4.4 stars out of 5 on the Play Store and 4.2 stars out of 5 on the iTunes store.

Are there any concerns about privacy?

There are no concerns about privacy, as all data that users add to their journal becomes private and not available for public use.

How do I access My Therapy Journal?

My Therapy Journal is available for both public and private use.

What are the alternatives to My Therapy Journal?

My Therapy Journal’s main competitors are Daybreak Health, Anxiety Care and Mood GYM

What is the net worth of Rodolfo Saccoman?

Rodolfo Saccoman’s net worth is $1.6 Million.

What is the net worth of Alexis Saccoman?

Alexis Saccoman’s net worth is $12 Million.