What Happened to ReThink After the Shark Tank Pitch?
What is ReThink?
ReThink is a free mobile application that helps identify and prevent cyberbullying and hate speech.
It contributes to preventing it in the first place, notably through the use of community and school social networking platforms by teachers, students, and parents.
The website is available in three languages: English, Spanish, and Hindi.
It warns against inappropriate content before the creator may post it, with a reported success rate of 93 percent.
Since then, it has accumulated over 500 000 downloads from 1500 schools worldwide, having a huge influence on the lives of millions of people.
Who is the Founder of ReThink?
Trisha Prabhu is ReThink’s founder and CEO. Entrepreneur and worldwide champion against cyberbullying from an early age.
Since the inception of her company, Trisha has garnered several awards and accolades for her efforts to combat cyberbullying and bigotry.
Numerous significant foundations, organizations, and private people have made contributions.
She continues to work on further projects while appearing in public and giving lectures.
She is also now enrolled at Harvard University, where she is earning an undergraduate degree.
Trisha, who was just 13 at the time, was touched and motivated by the story of a 12-year-old Florida girl who committed herself after being regularly bullied on social media.
Trisha, devastated by what had occurred, went on to develop and patent the technology that would become ReThink.
What Happened to ReThink at the Shark Tank Pitch?
Trisha makes her Shark Tank Season 8 Episode 1 debut in quest of $100,000 in exchange for a 20% ownership in her business. This implies a $500,000 valuation.
The program includes an on-screen demonstration that demonstrates how it works. She begins by sharing her tale and answering questions.
Robert is unsure if he can still send an offensive message when the program prompts him. He have capability.
Robert questioned as to whether they had sold anything, to which Tricia said that they had received $52,000 through the We Think ReThink education project.
She is primarily targeting schools with her cyberbullying program.
She has accumulated 128,000 downloads in nine months, with around 80,000 people daily.
Barbara departs because she is unconvinced that the venture would succeed as a company.
Kevin spoke next, and he claimed that everyone felt she has incredible skill. He asserts that when she took an investment, she was also charged with the extra responsibility of generating revenue for them.
Tricia underlined her total commitment to it. Kevin departed.
Robert feels that the technology is not novel, and while he supports efforts to eradicate cyberbullying, he does not view ReThink as a viable business.
Daymond has mentioned that he views it as a business. He made a $100,000 offer in exchange for 30% ownership of the business.
Lori offers Mark a 20% discount on the $100,000 and invites him to join.
Mark expressed an interest in partnering with Lori on her deal, which would be her asking price of $100,000 in return for a 20% ownership, and they shook it.
What Happened to ReThink After the Shark Tank Pitch?
Lori and Mark’s agreement fell down. In October 2020, the Elevate Prize Foundation gave her $300,000 to continue developing the app.
Download ReThink for free from the Apple App Store or Google Play. It’s designed to work across all programs on the phone and to surface only when its algorithms detect the entry of a “nasty text or post.”
As of May 2021, there are around 5 million users worldwide.
Trisha will earn bachelor’s degrees in computer science and political science from Harvard in May 2021.
What is the Net Worth of ReThink?
Trisha appeared on Shark Tank Season 8 Episode 1 seeking $100,000 in exchange for a 20% share in her business. This equates to a $500,000 valuation.
Who are the Competitors of ReThink?
Design Pickle, SmartSites, Penji, Wipro Salesforce Practice, Salted Stone, DesignFive, Aesop, and ARK are the top ReThink competitors.
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ReThink FAQS
What is ReThink?
ReThink is a free mobile application that helps identify and prevent cyberbullying and hate speech.
Who is the creator of ReThink?
Trisha Prabhu is the founder of the Company.
How much did she request during her Shark Tank Pitch?
Trisha was looking to raise $100,000 for a 20% ownership in her business.
Did she receive a deal from the Sharks?
Yes, she struck a bargain with Mark and Lori.
How much was the deal?
Trisha received $100,000 in exchange for a 20% share in the firm.
Is ReThink App Still in Business?
ReThink is still operational in 2021, collaborating with teachers, students, parents, and law enforcement to combat cyberbullying.
Additionally, the program remains accessible via Google Play and the Apple App Store.
How did she come up with the concept?
She saw a news item about an 11-year-old girl who committed herself after being cyberbullied for a year and a half.
She stated that the tale crushed her heart. She chose to make use of her technological abilities to aid in addressing the crisis.
How much money does ReThink make?
ReThink had over 150 000 downloads and $52 000 in revenue during its first nine months online.
How many people have downloaded ReThink?
As of May 2021, there are around 5 million users worldwide.
What does the ReThink app do?
ReThink detects potentially dangerous and detrimental material in real time and prompts the user to reconsider sharing that message.
Does the ReThink app work?
ReThink, on the other hand, asserts success, saying that “research suggests that when teens are instructed to ‘ReThink’ their decision, their opinions change 93% of the time.”
“Using ReThink, a teenager’s overall inclination to write an undesirable comment reduced from 71% to 4%.”
Trisha Prabhu is from where?
Trisha Prabhu is based in Naperville, Illinois.
How is ReThink earning money?
ReThink earns revenue by partnering with schools, which pay an annual subscription fee for technology implementation and access to user data.
Where is ReThink located?
The headquarters of ReThink are in Los Angeles, California.
How does ReThink earn money?
ReThink generates revenue by charging schools for the usage of their anti-bullying software.
How much did ReThink received following the Shark Tank Pitch?
In October 2020, she will get $300,000 from the Elevate Prize Foundation to continue developing the app.
How many languages is ReThink available?
English, Spanish, and Hindi are the three languages supported by ReThink.
Is rethink free?
ReThink believes that no one should be charged for online security. As a consequence, ReThink’s proactive cyberbullying solution is now available as a free app for Android and iOS cellphones.
