ReThink Shark Tank Net Worth 2023
ReThink Shark Tank Net Worth
The net worth of the ReThink App is estimated to be above $1 million as of February 2023. The valuation of the ReThink App was $500,000 when it appeared on Shark Tank in October 2020.
The founder and CEO of ReThink, Trisha Prabhu, has a reported net worth of $2 million as of January 2023.
The deal with Lori Greiner and Mark Cuban never closed after the episode aired.
Since its appearance on Shark Tank, ReThink has accumulated over 56,000 downloads on Google Play and is available on the App Store.
What is ReThink? Who is the Founder of ReThink?
ReThink is an app that can be downloaded and utilized to prevent cyberbullying and hate speech. It is particularly useful for community and school social network platforms that are frequented by teachers, students, and parents.
The app is accessible in English, Spanish, and Hindi. It has an impressive success rate of 93 percent in alerting users to objectionable content before it is uploaded.
Since its inception, ReThink has been downloaded more than 500,000 times by people from 1500 different schools worldwide. This app has made a significant impact on the lives of millions of individuals.
Trisha Prabhu, an entrepreneur and global crusader against cyberbullying, founded and serves as CEO of ReThink. She has received numerous awards and accolades for her work in fighting cyberbullying and prejudice.
Many notable organizations, companies, and public figures have contributed to the app’s development. Trisha continues to work on additional projects and make public appearances, even as she pursues an undergraduate degree at Harvard University.
Trisha was only 13 years old when she learned about the tragic story of a 12-year-old girl in Florida who took her own life after being tormented on social media.
Trisha was moved by the tragedy and was inspired to build and patent the technology that became ReThink.
ReThink Shark Tank Pitch
In season 8 episode 1 of Shark Tank, Trisha pitched her company and sought $100,000 for a 20% stake, valuing her company at $500,000.
She demonstrated her software’s functionality with an onscreen demo and shared her story while answering questions from the investors.
Trisha’s cyberbullying curriculum primarily targets schools, and she disclosed that her company had received $52,000 from the We Think ReThink teaching initiative.
Despite having 128,000 downloads in nine months, with 80,000 daily active users, Barbara left the deal because she did not believe the company could operate as a business.
Robert expressed his support for eliminating cyberbullying but did not see ReThink as a viable business, and Daymond made an offer of $100,000 for 30% ownership of the company.
Lori proposed a 20% discount on the $100,000 and invited Mark to join her offer, which he accepted.
However, their deal did not materialize, and Trisha received a $300,000 grant from the Elevate Prize Foundation in October 2020.
ReThink is free to download from the Apple App Store and Google Play, and its algorithms detect and respond to offensive messages across all applications on a user’s phone.
As of May 2021, ReThink had about 5 million users worldwide. Trisha graduated from Harvard with degrees in Computer Science and Political Science in May 2021.
ReThink Net Worth
Trisha appears on Shark Tank Season 8 Episode 1 in search of $100,000 for a 20% stake in her company. This represents a $500,000 value.
Top ReThink Competitors are categorized as follows;
Design Pickle, SmartSites, Penji, Wipro Salesforce Practice, Salted Stone, DesignFive, Aesop and ARK.
ReThink Shark Tank Updates
ReThink is an anti-cyberbullying software application and smartphone app that uses an algorithm to recognize hurtful language and urges the author to reconsider sending possibly offensive or dangerous messages online.
Trisha Prabhu, a 16-year-old coding wizard, pitched ReThink in Shark Tank episode 801, the season 8 premier.
She appeared on Shark Tank requesting an investment of $100,000 for 20% ownership of the ReThink App.
Mark Cuban and Lori Greiner made a deal with Trisha, investing $100,000 for a 20% stock stake. However, the deal with Lori and Mark never closed.
As of October 2020, Trisha received $300,000 from the Elevate Prize Foundation to continue developing the app. She was named the youngest person to the Forbes 30 under 30 list at age 20.
As of January 2023, Trisha’s net worth is reported to be above $1 million. ReThink is still in business as of 2023 and is collaborating with teachers, students, parents, and law enforcement to help combat cyberbullying.
The app remains available on Google Play and Apple App Stores. ReThink has accumulated over 56,000 downloads on Google Play, currently holding a 3.5-star rating.
Trisha has also spearheaded community action against cyberbullying by expanding the ReThink movement through various chapters.
ReThink App Shark Tank Table Summary:
|Net worth of ReThink app||Estimated above $1 million as of February 2023; Valuation of $500,000 during Shark Tank pitch (October 2020)|
|Founder of ReThink||Trisha Prabhu, an entrepreneur and global crusader against cyberbullying, founded and serves as CEO of ReThink|
|ReThink app||An app that detects and prevents cyberbullying and hate speech, available on Google Play and App Store, with a success rate of 93% in alerting users to objectionable content before it is uploaded.|
|Shark Tank pitch||Trisha pitched her company in season 8 episode 1, seeking $100,000 for a 20% stake, with a valuation of $500,000. She did not close a deal with Lori Greiner and Mark Cuban.|
|ReThink competitors||Design Pickle, SmartSites, Penji, Wipro Salesforce Practice, Salted Stone, DesignFive, Aesop, and ARK.|
|ReThink updates||Trisha received $300,000 grant from the Elevate Prize Foundation in October 2020, and ReThink is still in business and collaborating with teachers, students, parents, and law enforcement to combat cyberbullying. As of January 2023, Trisha’s net worth is reported to be above $1 million.|
|Trisha’s Net Worth||Above $1 million as of Jan. 2023|
|Valuation||$500,000 when it appeared on Shark Tank in Oct. 2020|
|Shark Tank Outcome||Lori Greiner and Mark Cuban deal never closed|
|App Success||93% success rate in alerting users to objectionable content|
What Is The Story Behind The Creation Of Rethink App?
The ReThink app was created by Trisha Prabhu, who was then 13 years old, after reading a tragic story online about an 11-year-old girl who took her own life due to cyberbullying.
Prabhu was motivated to do something to stop cyberbullying once and for all. She invented the ReThink app, which is a technology solution to a problem created by technology.
The app is built with a growing database of trigger words and phrases that could be offensive, and it is able to detect when someone tries to post something offensive on social media.
ReThink scans messages for offensive language and potentially interpreted as a cyberbullying message. The sender gets an alert from the app in real-time asking them to “Stop” and realize what they’re about to send.
It encourages them to “re-think” the situation before sending a message that’s considered cyberbullying.
Prabhu’s insatiable intellect led her to medical studies on the teenage brain, which show that the part of the brain that regulates impulse control is not fully developed in teenagers.
She started coding at age 10 and developed the ReThink app over the past two years. Prabhu has no plans to profit from ReThink, and she created a free ReThink app for smartphones.
She has also rolled out a ReThink “ambassador” program for schools, where students can become ambassadors and promote the app in their schools.
The ReThink app is available on the App Store and Google Play. Prabhu is now a 20-year-old Harvard student and is on a mission to help cultivate the next generation of responsible digital citizens.
Who is the founder of ReThink?
What Is The Rethink App And How Does It Work?
ReThink is a free computer software application and smartphone app that uses an algorithm to detect and prevent cyberbullying and hate speech.
The app is available for iOS and Android devices and supports English, Spanish, and Hindi. ReThink works across all apps, including texting, email, and social media, to detect offensive messages in real-time and give the user a chance to reconsider sending them.
The app operates as a keyboard on the user’s mobile device and works as a behavioral “nudge” that helps curb impulsive behavior and ensures that the user does not post or send something they later regret.
The idea for ReThink came to Trisha Prabhu, the inventor of the app, in the fall of 2013 after reading a news article about an 11-year-old girl who committed suicide due to cyberbullying.
The app uses an algorithm that recognizes hurtful language and urges the author to reconsider their message before posting it.
ReThink has received over 128,000 downloads over nine months and has been effective in preventing cyberbullying before it occurs, primarily through community and school social networking platforms by teachers, students, and parents.
How Has Rethink App Impacted The Fight Against Cyberbullying?
ReThink is an anti-cyberbullying app that detects harmful language and nudges its users to “rethink” the words they are about to post.
The app is designed to stop cyberbullying before it happens, especially in young adolescents and teenagers.
ReThink is a non-intrusive, innovative, and patented software product that effectively stops cyberbullying before the damage is done.
The app gives users an additional keyboard on their phone, which detects potentially hurtful language. Rather than censoring users, the app sends them messages asking them if they are sure about their message.
ReThink was invented by Trisha Prabhu, who was moved by an account she read of cyberbullying. Prabhu found that social media sites mostly relied on victims to block cyberbullies and tell an adult.
She wanted to target the root of the issue and created ReThink. ReThink is credited as being an innovative and non-intrusive approach to tackling the issue of cyber harassment.
The intention behind ReThink is to prevent instances of cyberbullying before they have even occurred. The app flags messages that have been predetermined to contain hateful or abusive content and offers senders the chance to reword or reconsider their messages.
ReThink is transforming lives and conquering cyberbullying. The app places the responsibility of fighting cyberbullying in the hands of bullies themselves, but also treats bullies with compassion.
ReThink is a proactive solution that counters conventional solutions today, such as the “block the bully” mechanism or “report to an adult” mechanism, by taking the burden off of the victim to report. ReThink is one of the most famous anti-cyberbullying apps available on the market.
What Was The Outcome Of Rethink’s Appearance On Shark Tank?
Trisha Prabhu, the inventor of ReThink, appeared on Shark Tank in Season 8 Episode 1, requesting an investment of $100,000 for 20% ownership of the app.
She received a deal from Mark Cuban and Lori Greiner for a 20% stake in ReThink. However, the deal with Lori and Mark never closed.
In October 2020, Trisha received $300,000 from the Elevate Prize Foundation to continue developing the app.
As of 2023, ReThink is still in business and collaborating with teachers, students, parents, and law enforcement to help combat cyberbullying. The app is available for free download on the Apple App Store and Google Play.
What Updates Have Been Made To The Rethink App Since Appearing On Shark Tank?
Since appearing on Shark Tank, ReThink has continued to collaborate with teachers, students, parents, and law enforcement to help combat cyberbullying.
The app has accumulated over 56,000 downloads on Google Play and is still available on both Google Play and Apple App Stores.
Trisha Prabhu, the founder of ReThink, has made remarkable efforts to create a movement as a success with many teachers, parents, and schools using the app to combat cyberbullying.
Additionally, Trisha has enrolled herself at Harvard. Prior to appearing on Shark Tank, ReThink had earned $52,000 and had garnered 128,000 app downloads in the previous nine months.
The app is targeting educators and parents who want to make sure their students and children are sending appropriate messages to their peers online.
How much was she asking in the Shark Tank Pitch?
Trisha was searching $100,000 for a 20% stake in her company.
Did she get a deal?
Yes, she got a deal from Mark and Lori.
How much was the deal?
Trisha got $100,000 for a 20% stake of the company.
Is ReThink App Still in Business?
In 2021, ReThink is still in operation, cooperating with teachers, students, parents, and law enforcement to prevent cyberbullying.
Furthermore, the software is still available on Google Play and the Apple App Store.
How did she come up with the concept?
She saw a news article about an 11-year-old girl who had been cyberbullied for a year and a half before committing herself.
The narrative, she claimed, shattered her heart. She decided to utilize her technological skills to assist in resolving the situation
How much money does ReThink make?
During its first nine months online, ReThink received around 150000 downloads and $52,000 in revenues.
How many people have downloaded ReThink?
There are about 5 million users globally as of May 2021.
What does the ReThink app do?
ReThink identifies harmful and damaging information before it is submitted in real time and urges the user to reconsider sharing that message.
Does the ReThink app work?
ReThink, on the other hand, claims success, claiming that “research indicates that when teenagers are informed to ‘ReThink’ their decision, they alter their views 93 percent of the time.”
“Using ReThink, the general willingness of a teenager to post an objectionable comment decreased from 71% to 4%.”
Trisha Prabhu is from where?
How is ReThink making money?
ReThink generates money through partnerships with schools, who pay a yearly subscription fee for technology deployment and access to user data.
How old is Trisha Prabhu?
What are the strengths of ReThink?
ReThink appears to function as a viable solution for cyberbullying.
What are the weaknesses of ReThink?
The difficulty to immediately access the client’s progress is one of the disadvantages.
Where is ReThink located?
ReThink is based in Los Angeles, California.
How does ReThink make money?
ReThink makes money by charging schools for use of its cyberbullying prevention software.
What is ReThink app worth?
At the time of Shark Tank, the company was valued at $500,000.
How much did ReThink received after the Shark Tank Pitch?
She get $300,000 from the Elevate Prize Foundation in October 2020 to continue developing the app.
How many languages is ReThink available?
ReThink is available in three languages, English, Spanish, and Hindi.
Is rethink free?
ReThink believe that no one should have to pay to stay safe online. As a result, ReThink’s proactive solution against cyberbullying is now accessible as a free app for both Android and iOS smartphones.