Pretty Padded Room Shark Tank Net Worth 2023
The current net worth of Pretty Padded Room is unknown as of 2023. The company went out of business in 2016, and the product is no longer available in the market.
The valuation of Pretty Padded Room was $333,333 when it appeared on Shark Tank. Bea Arthur, the founder’s net worth, is unknown as of 2023.
Some companies that appear on Shark Tank do not achieve great success, and Pretty Padded Room was one of them. Sometimes businesses don’t succeed because the deal falls through after the founders say yes on camera.
Or sometimes things happen to the founders themselves, and they choose to abandon the business.
What is Pretty Padded Room? Who is the founder of Pretty Padded Room?
Pretty Padded Room is an online counseling service that enables individuals to connect with a psychiatrist from the comfort of their computer or tablet, regardless of location.
The service primarily focuses on addressing lighter topics commonly discussed in psychology sessions and encourages those with more complex issues to seek assistance from a local therapist.
The main objective of Pretty Padded Room is to provide an affordable platform for women seeking someone to talk to about a range of topics, including stress management and marriage counseling.
Bea Arthur, the founder and driving force behind Pretty Padded Room, was born in Ghana but relocated to the United States with her parents at a young age.
She modernized the traditional industry of psychotherapy by envisioning the use of the internet to offer therapeutic services to clients in the comfort of their homes, while also providing novice therapists with valuable experience.
Bea’s first online venture was in 2008 when she launched an online social club for young mothers called ‘MeToo.’ However, the company went out of business the following year.
In 2011, Bea debuted Pretty Padded Room, which aimed to provide individuals with ‘A Nice Place to Go Crazy.’
The online therapy service is an example of technology revolutionizing traditional professions and catering to the needs of the digital generation.
Bea offers two primary services: one-on-one video sessions and journal sessions in which a therapist responds to diary entries. Prices range from $20 for an initial session/consultation to $200 for multiple monthly video sessions.
The therapists are typically young and establishing their clinics, specializing in various areas of expertise.
Pretty Padded Room Shark Tank Pitch
In episode 16 of Season 4 of Pretty Padded Rooms on Shark Tank, Bea decided to seek partnership with the Sharks to help scale her business.
She was looking for a $100,000 investment in exchange for a 30% stake in her company, which was valued at $333,000.
However, at the time of filming, her company had only made $21,000 in sales for the year, with the previous year’s sales totaling $7,500.
During the pitch, Robert, Mark, Barbara, and Daymond all declined to invest in Bea’s company for various reasons.
Robert was concerned about the potential for too many users to leave, Mark was not convinced that Bea understood business jargon, Barbara thought Bea needed a financial expert, and Daymond was not interested in the financial figures.
However, Kevin praised Bea’s efforts and saw her as an example to future entrepreneurs to be prepared with their financials.
Although Bea did not secure a deal with the Sharks, she continued to lead her company and eventually rebranded it as In Your Corner in 2014.
However, she closed it down in 2016 and created a new service called The Difference in 2017, with the website still indicating a future launch as of August 2021.
The original company website has been redirected to 7Cups.com, an online rehabilitation firm, and Bea has no stake in that company.
Competitors of Pretty Padded Room
Talkspace, Ginger, Morneau Shepell, AbleTo, Lyra Health, Quartet, ComPsych, MDLIVE, Betterhelp, and Wellness expert are the top ten competitors of Pretty Padded Room.
Net Worth of Pretty Padded Room
The company was valued at $333,000 during the and after the pitch.
Pretty Padded Room Shark Tank Updates
Pretty Padded Room is an online therapy provider that brings the psychiatrist and the couch to a computer or tablet anywhere. The founder, Bea Arthur, is a licensed psychotherapist, as are the rest of the nine therapists who work for the company.
In 2013, Arthur appeared on Shark Tank seeking $100,000 for a 30% share in her business. However, none of the Sharks made an offer, and Arthur left without a deal.
After the show, Arthur continued to run the business and worked on an IT healthcare platform. In 2014, she rebranded the business to In Your Corner.
However, in 2016, she shut it down. According to an interview with Arthur in 2014, the Shark Tank appearance had both positive and negative effects on her business.
She received plenty of attention, but she believed that the final edit did not show a true reflection of her appearance.
As of 2023, there is no recent update on Pretty Padded Room or In Your Corner. It is unclear whether Arthur has started a new business or is still involved in the online therapy industry.
Pretty Padded Room Shark Tank Table Summary:
| TOPIC | SUMMARY |
| Net worth | Unknown as of 2023. The company went out of business in 2016, and the product is no longer available in the market. |
| Valuation on Shark Tank | Valued at $333,000 when it appeared on Shark Tank. |
| Founder | Bea Arthur founded Pretty Padded Room. |
| Pretty Padded Room | An online counseling service that enables individuals to connect with a psychiatrist from the comfort of their computer or tablet, regardless of location. It aimed to provide an affordable platform for women seeking someone to talk to about a range of topics, including stress management and marriage counseling. |
| Shark Tank pitch | Seeking a $100,000 investment in exchange for a 30% stake in the company. The Sharks declined to invest. |
| Competitors | Talkspace, Ginger, Morneau Shepell, AbleTo, Lyra Health, Quartet, ComPsych, MDLIVE, Betterhelp, and Wellness expert. |
| Updates | After the pitch, the founder continued to run the business and worked on an IT healthcare platform. In 2014, she rebranded the business to In Your Corner. However, she shut it down in 2016. It is unclear whether Arthur has started a new business or is still involved in the online therapy industry. |
| Founder’s net worth | Unknown as of 2023 |
| Services offered | One-on-one video sessions and journal sessions in which a therapist responds to diary entries |
| Rebranding | Rebranded as In Your Corner in 2014 and shut down in 2016 |
| New service | The Difference launched in 2017 |
Pretty Padded Room FAQs
What founded Pretty Padded Room?
Bea Arthur founded Pretty Padded Room.
What Is Pretty Padded Room And How Does It Work?
Pretty Padded Room is an online therapy provider that connects patients to a licensed psychotherapist via computers or tablets.
The founder, Bea Arthur, is a licensed psychotherapist, as are the rest of the nine female therapists in the Pretty Padded Room. The service is subscription-based and offers three levels of service.
The main selling point of Pretty Padded Room is that it is more convenient to get access to affordable and confidential therapy. The service is designed to be attractive, affordable, and confidential.
The service is intended for people who want to talk to a therapist of their choice, on their terms, and in the privacy of their own home via online video chat.
The service is not intended for people with serious difficulties, and the company advises those with more serious difficulties to consult a therapist local to them.
The service connects customers to therapists in their area, which makes it easier to visit them in real life later.
The Pretty Padded Room website redirects to a new website called 7Cups, which is not a therapy practice but a collection of people who listen to you.
It is unclear whether Pretty Padded Room is still in operation, as some sources suggest that it was rebranded as The Difference.
What Was The Outcome Of Pretty Padded Room’s Pitch On Shark Tank?
Bea Arthur, the owner of Pretty Padded Room, appeared on Shark Tank in Season 4, Episode 16, seeking a $100,000 investment in exchange for a 30% stake in the company.
During the pitch, she explained that Pretty Padded Room was an online therapy and counseling service that offered video chat sessions with licensed therapists.
She also mentioned that the service had a subscription-based model with three options: $100 for five digital diaries, $150 for four 30-minute video sessions and one digital diary, and $200 for four 45-minute video sessions and three digital diaries.
Despite the positive feedback from the sharks about the concept and the potential of the business, none of them made an offer to invest in Pretty Padded Room.
Mark Cuban praised Bea Arthur for her business and her accolades, but he thought that the numbers did not add up. Daymond John and Kevin O’Leary also expressed their concerns about the business model and the scalability of the service.
After the show, Pretty Padded Room continued to operate and rebranded to In Your Corner in 2014. However, the service ultimately shut down in 2016. As of 2022, the service is no longer available.
Did Pretty Padded Room Get A Deal On Shark Tank?
No, Pretty Padded Room did not get a deal on Shark Tank. Bea Arthur, the owner of the company, appeared on Shark Tank in Season 4 and asked for a $100,000 investment in exchange for a 30% stake in the company. However, none of the sharks made an offer, and she left the show without a deal.
What Happened To Pretty Padded Room After Appearing On Shark Tank?
After appearing on Shark Tank, Pretty Padded Room continued to operate and rebranded to In Your Corner in 2014. However, the business ultimately shut down in 2016.
The company was valued at $333,000 during and after the pitch on Shark Tank, but the current net worth of the company is unknown as of 2023.
The founder’s net worth, Bea Arthur, is also unknown as of 2023. Although the business is no longer in operation, Pretty Padded Room is still considered a good option for people who want a cheap option for therapy or counseling.
How much was asking on Shark Tank?
Bea was asking for $100,000 for 30% of the company.
Is Pretty Padded Room still in business?
Yes, the company is still in business and available.
Is Pretty Padded Room safe?
Yes, Pretty Padded Room is 100% safe.
What are the features of Pretty Padded Room?
Video and audio communication customized counseling sessions, on-demand counseling, etc.
What can I expect from the company?
The company offers personalized counseling sessions to patients all across the U.S. There are sessions available 24/7 and they are 100% confidential at an affordable price.
How many employees does Pretty Padded Room have?
Pretty Padded Room had more 6 employees.
What is the website of Pretty Padded Room?
The website of Pretty Padded Room is www.prettypaddedroom.com.
What are the office locations of Pretty Padded Room?
The company has no offices; it is an internet-based company.
What are the competitors of Pretty Padded Room?
Talkspace, Ginger, Morneau Shepell, AbleTo, Lyra Health, Quartet, ComPsych, MDLIVE and Betterhelp are the competitors of Pretty Padded Room.
How does Pretty Padded Room make money?
The company makes money by taking payments from its users through credit cards.
How much is the subscription cost?
The subscription cost is $20 per session.
How many languages does Pretty Padded Room support?
The company supports English.
Does Pretty Padded Room accept PayPal?
Yes, the company accepts PayPal.
What are the email address and phone number of Pretty Padded Room?
The email address of Pretty Padded Room is [email protected]
Is Pretty Padded Room profitable?
Yes, the company is profitable.
How old is Pretty Padded Room?
Pretty Padded Room was founded in 2011.
What are the payment options of Pretty Padded Room?
Pretty Padded Room accepts PayPal and credit card payments such as Visa, MasterCard, Discover and American Express. There are no coupons available on Pretty Padded Room website.
Is Pretty Padded Room scam?
No, Pretty Padded Room is a legit business.
What are the social media profiles of Pretty Padded Room?
The company has its social media profiles such as Twitter, Facebook and Linkedin.
What are the products and services of Pretty Padded Room?
Pretty Padded Room provides a wide range of counseling services for individuals with mental health problems.
Is Pretty Padded Room works?
Yes, Pretty Padded Room works.
Can I get a refund from Pretty Padded Room?
Customers can contact customer support in case they want to cancel their subscription or need a refund.
What is the advantage of using Pretty Padded Room?
The company connects patients to trained professionals via video and audio technology in the form of a computer. The professional uses their own expertise to help the patient get better results.
Does Pretty Padded Room offer a trial?
No, there is no free trial available on Pretty Padded Room website.
What is the net worth of Bea Arthur?
Bea Arthur net worth is unknown.
