What Happened to RoloDoc after Shark Tank? RoloDoc Net Worth

What is RoloDoc?

RoloDoc is a web-based platform that aims to enhance the accessibility and convenience of healthcare by creating a network of physicians, medical professionals, and patients that facilitates communication.

It was founded by Dr. Albert Amini and Dr. Richard Amini, both graduates of the University of Arizona College of Medicine.

Dr. Richard Amini, who is also a surgeon and works with critically ill patients, is currently a clinical instructor and fellow in hepatobiliary surgery at Froedtert Hospital of the Medical College of Wisconsin.

The platform was created to address the gap in patient-doctor communication and make healthcare more efficient.

Who is the Founder of RoloDoc?

RoloDoc is a web-based platform founded by Dr. Albert Amini and Dr. Richard Amini, aimed at improving communication and convenience in healthcare.

The platform connects patients, medical professionals, and medical workers in a secure and HIPAA-compliant network.

The idea for the platform came from Dr. A. Amini’s experience with patients reaching out to him on Facebook for post-operative medical advice.

The brothers developed the platform with the help of software experts while balancing their training, families and professional development. The goal was to raise funds to bring RoloDoc to completion.

What Happened to RoloDoc at Shark Tank pitch?

RoloDoc, a social media platform for medical professionals created by Drs. Albert Amini and Richard Amini, presented their idea on Shark Tank in the season 5 premiere episode. They sought $50,000 in exchange for a 20% stake in their business, valuing it at $250,000.

The brothers emphasized the need for improved communication in the medical field and explained how RoloDoc facilitates safe email communication between patients, physicians, and other medical professionals.

However, the Sharks were concerned about the lack of security solutions and targeted advertising, and ultimately, no deal was made.

RoloDoc, a social networking platform for medical professionals, failed to secure a deal with the Sharks during their appearance on Shark Tank.

The founders, Drs. Albert and Richard Amini were seeking $50,000 in exchange for a 20% stake in the company, which they valued at $250,000.

However, the Sharks found the concept of RoloDoc to be problematic, with Lori stating it was a liability nightmare and Mark criticizing the lack of demonstration of social media.

Robert and Barbara also expressed their doubts and Kevin ultimately decided not to invest. As a result, the Amini brothers left the pitch without a deal.

What Happened to RoloDoc After Shark Tank?

After the Shark Tank pitch, RoloDoc did not continue its development as the founders, Drs. Albert and Richard Amini, decided to return to their careers in medicine.

The Sharks did not see potential in the concept of a new social media network for healthcare and the founders were unable to continue with the project.

Competitors of RoloDoc

RoloDoc, the social media platform for physicians, is a healthcare startup that sought acceptance by medical professionals and patients.

Other startups with similar concepts as RoloDoc include UrgentMD, which is now part of iCHCX, a health information company.

RoloDoc Net worth

Dr. Albert Amini and Dr. Richard Amini were seeking $50,000 for 20% equity in their company, putting RoloDoc’s Net worth at $250,000. That means the company valuation was $250,000 during the pitch. But after the pitch,  the company later went out of business, and hence the company’s net worth is unknown.

RoloDoc FAQs

What is RoloDoc?

RoloDoc is a social media platform for medical professionals that enable safe communication between patients, physicians and other medical professionals.

Who is the founder?

Dr. Albert Amini and Dr. Richard Amini founded RoloDoc, a social media platform for physicians. The goal was to establish a network of physicians, medical workers, and patients that would facilitate communication while remaining safe and HIPAA-compliant.

How much were they seeking on Shark Tank?

They were seeking for $50,000 for 20% equity in their company, which at the time was worth $250,000.

Did they have the deal?

No, no deal was struck.

Is RoloDoc still in business?

No, they are not in business anymore.

Where was RoloDoc located?

RoloDoc was a healthcare startup that was based in Wisconsin.

What is the net worth of RoloDoc?

The net worth of RoloDoc is unknown.

What did RoloDoc app does?

The app makes it easier for patients to schedule appointments with physicians, ask questions, and send direct text messages to doctors.

Was RoloDoc a scam?

No, the app is not a scam.

How was the business model of RoloDoc?

The business model is to get doctors to download the app and install it on their hospital computers.

Did RoloDoc use Facebook for advertising?

The company didn’t have any ads on Facebook.

Where is RoloDoc now days?

Dr Amini, the founder of RoloDoc, is a surgeon who works with patients in critical care. He is presently a clinical teacher and hepatobiliary surgery fellow at Froedtert Hospital of the Medical College of Wisconsin.

What Shark Tank episode is RoloDoc?

Drs. Albert Amini and Richard Amini debut their “social networking platform for physicians” in Shark Tank episode 505, which serves as the season 5 premiere.

According to the RoloDoc website, they are developing a directory of physicians for patients in order to facilitate the exchange of ideas.

How did RoloDoc make money?

RoloDoc makes money by selling the RoloDoc app to hospitals.

Was RoloDoc downloaded on Google Play Store?

RoloDoc is not available on Google Play Store.

Was RoloDoc sold at TechCrunch Disrupt?

RoloDoc was not sold at TechCrunch Disrupt.

What is the background of RoloDoc?

Drs. Albert Amini and Richard Amini are urologists who have been in practice together for over 20 years, working as partners in their own clinic.

What were the risks for RoloDoc?

Risks for RoloDoc include competition from other platforms such as UrgentMD and apps that do similar things. Also, social media platforms can be fraught with danger.

Was RoloDoc work?

RoloDoc was workable.

Was RoloDoc App free for download?

The app was not free for download.

Where did I use RoloDoc?

RoloDoc was used in the United States, Canada, and the United Kingdom.

What was the operating system of RoloDoc?

RoloDoc operating system is Android.

How did RoloDoc work without Wi-Fi?

The RoloDoc app worked without Wi-Fi by using push notifications.

Where was RoloDoc App download?

The app was not on Google Play Store but only on Apple App Store. On Apple App Store, users can only download it at a price of $29.99 for a single user or $39.

What is the net worth of Dr. Richard Amini?

The net worth of Dr. Richard Amini is unknown.

What is the net worth of Dr. Albert Amini?

The net worth of Dr. Albert Amini is unknown.

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