My Therapy Journal Before Shark Tank
Alexis Saccomale claims that he and his brother were born in Brazil and they lived tright here till the age of ten and also 6, which was also the point as soon as his dad made a big breakthrough. Their father started as a manufacturing facility worker in Brazil, functioning his means with high school, college and also earning two master’s degrees. Their father really wanted Rodolfo and Alexis to learn English, because if they learned English, they might ultimately move to the United States of America. Rodolfo claims that an investment from the Sharks would certainly justify their parents’ sacrifice and also the fourteenager years he have actually been in the USA, and says that he is looking forward to finally be able to taste the American Dream.
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My Therapy Journal During Shark Tank
“Rodolfo and Alexis Saccoman walk confidently and also stand in front of the Sharks”
Rodolfo and Alexis start their presentation by introducing themselves and also stating that they are the founders and creators of the website referred to as My Therapy Journal. Rodolfo Saccoguy continues by saying that they are seeking an investment of eighty thousand dollars, in exchange for a twenty percent stake in their firm. Alexis Saccoguy proceeds by asking the Sharks to cshed their eyes for five seconds and also to think about something that provides them feel excellent and happy, after which he asks the Sharks to open up their eyes aacquire.
“Kevin O’Leary makes a joke and states that ten million dollars renders him really happy”
Rodolfo Saccoman claims that they are in the business to deliver that precise feeling, to even more people, more frequently and in even more places. He says that he himself and his brother are revolutionizing therapy. Alexis Saccoman proceeds the presentation by saying that My Therapy Journal supplies an online psycho-therapeutic tour. Rodolfo Saccomale claims that they are offering the many reliable and also affordable different to conventional therapy.
“Rodolfo Saccoguy asks Alexis Saccoguy if he might demonstrative to the Sharks what their software is qualified of”
Alexis Saccoguy states that, currently, their whole webwebsite is data pushed, and also that their website has actually two components. The first component enables you to pour your heart out and write dvery own all of your feelings and thoughts, in one of the most secure online journals. The second component mirrors a persons’ progress inquiries and progression graph. This allows human being to track their emovements, behaviors, diagnoses, problems, ambitions, hobbies and also anypoint else that human being would certainly want to track. Everything will certainly be logged in a line graph, which allows human being to watch exactly how they are doing now, compared to last week, last month or last year.
“Kevin O’Leary sarcastically asks how he will certainly have the ability to make money off of depressed people”
Rodolfo Saccoman answers the question by stating that their website has over a thousand also members, and also that they have actually paying customers. He additionally claims that they are currently making money and also that tright here are no overhead prices.
“Robert Herjavec asks Rodolfo how much people must pay for a membership”
Rodolfo Saccomale answers the question by saying that they have actually various memberships. If civilization authorize up for a year, they have to pay $7,95 per month, if they authorize up for 3 months, they need to pay $11,95 per month and also if they just desire a membership for a month, they need to pay $14,95.
“Daymond John asks Rodolfo how a lot money the company has grossed last year”
Rodolfo Saccoman answers the question by saying that they have grossed about 4 thousand dollars last year.
“Daymond John looks surprised and also states that he believed My Therapy Journal had actually over a thousand also members”
Rodolfo Saccomale states that they have over eleven hundred members that have actually signed up for a cost-free trial. The complimentary trial lasts for fourteenager days, and also after the trial ends, the individuals have actually an alternative to proceed utilizing My Therapy Journal by signing up for a membership.
“Daymond John asks exactly how many kind of world turned over to buy a membership”
Rodolfo Saccoman answers the question by saying that around ten percent of the complimentary trial individuals have turned over and also bought a membership. He proceeds by saying that the My Therapy Journal website has about eighteenager thousand also distinctive hits in complete.
He additionally claims that the amount of tourists are low and also he and also his brvarious other have invested a hundred and also twenty five thousand dollars of their savings, in order to be able to create My Therapy Journal, ninety 5 percent of which have actually gotten in developing the software program. Rodolfo clintends that they did not have actually enough money for advertising and they execute not have a PR firm. The means they advertised themselves is by word-of-mouth.
“Barbara Corcoran states that she still does not recognize just how many type of paying customers are signed as much as My Therapy Journal”
Rodolfo Saccoman answers the question by stating that they have actually a hundred and twenty one paying customers so much, which is not a lot at all.
Barbara Corcoran states that she likes both Rodolfo and Alexis, however she does not choose the service principle at all. She states she does not want to invest in the company and she is out. Kevin Harrington proceeds by saying that a hundred and twenty one customers is exceptionally low and that it is a hard decision for him, and the company is as well small for him. Kevin Harrington states that he is out too.
Alexis Saccoman says that this is the inintricate of their webwebsite and that they are currently at the third phase in the conversation via Aetna, the insurance agency, which has actually thirty seven million clients.
“Kevin O’Leary and Robert Herjavec seem very interested and ask the brothers to tell them even more about their conversations with Aetna”
Rodolfo Saccomale continues by stating that they have been in call through a number of civilization in the insurance service, who witnessed the potential in My Therapy Journal.
Robert Herjavec states that Rodolfo is now amazing, and that up until this suggest, they had actually insubstantial customers and the webwebsite is really inconsiderable, extremely basic and it is just an digital journal, and also nobody cares around that. Robert proceeds by saying that if My Therapy Journal might get backed by a huge insurance company, they would be onto something. He claims that a big insurance company indications up and also gives My Therapy Journal to their clients. It would certainly be even a much better scenario if the insurance agency would certainly pressure their clients to use My Therapy Journal, and pay a intake fee.
Kevin O’Leary states that he has actually an principle, and uses eighty thousand also dollars for a fifty percent stake in My Therapy Journal. Robert Herjavec claims that he could want to offer more money, but to him, the agency does not have actually any worth until Aetna comes in.
Kevin O’Leary claims that he would certainly be willing to companion with Robert Herjavec, and that once the Saccomale brothers started via their presentation, he thought that it was just an additional internet smalltime idea, and that tbelow are many them out there. Daymond John states that he wants to invest in My Therapy Journal also.
Robert Herjavec states that he would like to offer eighty thousand dollars for a fifty one percent stake in My Therapy Journal. Barbara Corcoran says that the Saccoguy brothers should pay attention to the subtle change that happened over the past couple of minutes. She states that tright here was a fifty percent market and now she is hearing fifty one percent, which indicates that
Robert Herjavec is trying to very own the majority of the company. Robert Herjavec answers by saying that Kevin O’Leary made a tiny mistake, bereason what the Saccoguy brothers really require among the money, is a great overview. Kevin O’Leary says that the Saccomale brothers might not discover much better investors, also if they tried.
“Rodolfo and Alexis Saccomale ask the Sharks if they can have actually a minute to think about the market, and they walk away”
Kevin O’Leary tells Robert Herjavec to not think of him that he is cold, and also sarcastically asks Robert what they would require Daymond for, who is a third wheel at this moment.
“Rodolfo and also Alexis Saccoman are mentioning if they have to accept the offer or not, and they are doubting bereason they perform not desire to lose the majority share in their company”
The Saccoguy brothers walk earlier and Rodolfo states that they have a countermarket, which is that the Sharks get a forty nine percent stake, and also that the brothers store the fifty one percent stake in My Therapy Journal. Rodolfo additionally claims that they have worked so tough to acquire My Therapy Journal off the ground, and also that they think that the specialization of the Sharks will certainly aid their vision to reach the next level.
“Since Kevin O’Leary threw Daymond John under the bus, Daymond John decides to make his own offer”
Daymond John provides the Saccomale brothers a hundred and also twenty thousand also dollars, for a fifty percent stake in My Therapy Journal. Robert Herjavec says that Kevin O’Leary is best, and also that Daymond John does not include any kind of value, bereason he has actually never done a deal over the internet. He continues by saying that he is the perboy that construct up an internet agency, and also offered it for a couple of million dollars. He states that Kevin and himself have the right to turn My Therapy Journal about and also make it very successful.
“Alexis Saccoguy seems to agree and also it looks favor the brothers desire to accept Robert and also Kevin’s sell, however before they can say anypoint, Daymond John asks the brothers if they pertained to the USA, simply to hand also the control of their company over to someone else”
Rodolfo Saccoguy says that they need the expertise of human being who have experience via virtual providers, and also he many thanks Daymond for his offer. The Saccomale brothers accept the market that Kevin O’Leary and Robert Herjavec made, which is eighty thousand dollars, for a fifty one percent stake in My Therapy Journal
My Therapy Journal Now in 2018 – After Shark Tank
You have the right to use My Therapy Journal by going to their webwebsite at www.mytherapyjournal.com and also by signing up for a free 14-day trial. After the trial, you will have the ability to either authorize up for a month, three months or a twelve month membership, depending upon exactly how much you enjoyed utilizing My Therapy Journal. The expenses will go dvery own, the much longer your membership duration is. The webwebsite has actually testimonials from their users, which all seem to be very positive about the webwebsite. Some even say that they have quit making use of a diary, just because My Therapy Journal is much better at reflecting them exactly how they development through life.
I would not say that My Therapy Journal failed as a agency, bereason they were able to acquire an investment from the Sharks, and not many kind of service providers deserve to say the very same. However before, when I look at the website, it is straightforward to check out that it is exceptionally old, making use of old technology and it has actually not been updated for a long duration of time. In my opinion, if you want to really succeed as an digital firm, you need to constantly update your webwebsite and keep up via the existing modern technology.
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The My Therapy Journal website looks choose it is made in 2007, and also never before been updated after that, which is a shame.