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.
What is ReThink?
Is an app that provides a solution to cyberbullying.
Who is the founder of ReThink?
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 the net worth of Trisha Prabhu?
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.