Shark Tank Update
Shark Tank Pitch
My Therapy Journal Shark Tank Update
Published:
2m
San Francisco, Palmichal
| Name | My Therapy Journal |
|---|---|
| Main Presenters | Rodolfo Saccoman and Alexis Saccoman |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 12/1/2009 |
| Main Location | San Francisco, Palmichal Loading Map |
| Order Shown in Episode | 5 |
| Final Deal | Offer made from sharks |
My Therapy Journal Shark Tank Pitch
Rodolfo Saccoman and Alexis Saccoman came to America from Brazil. Rodolfo has a background in marketing, and Alexis has experience in Therapy. They joined their passions and invested $125k to make a website called My Therapy Journal. Users can journal their thoughts and track progress as an affordable alternative to traditional in-person Therapy.
My Therapy Journal made $4k in revenue last year and has 1200 users, of which 1200 are paying subscriptions. Barbara and Kevin Harrington go out, and the rest are about to until Rodolfo and Alexis bring up the possibility of a large insurance company signing up and providing this to their millions of users.
Robert is the high-value shark with his previous success with an internet company. Kevin O'Leary and Robert are in, and Daymond offers to join in on their deal. Meanwhile, Barbara highlights the 51% the sharks asked for from Rodolfo and Alexis.
I hear a voice, but I don't see anybody.
After a custom handshake in the hallway between Rodolfo and Alexis, I got a bit worried. How far would these very close brothers go to help one another? They have all the users' data at their fingertips and the ability to sell it. What if they are loyal to Brazil, and this is all a ploy to collect American data? Okay, I'm getting side-tracked.
Kevin O'Leary and Robert ditch Daymond because he added nothing to the table, and a deal was made with Rodolfo and Alexis.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $80k for 20% of company | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Offered | Kevin O'Leary | $80k for 50% of company |
| Sharks | Offered | Kevin O'Leary, Robert Herjavec, Daymond John | $80k for 51% of company |
| Company | Offered | Kevin O'Leary, Robert Herjavec, Daymond John | $80k for 49% of company |
| Sharks | Deal Never Closed | Kevin O'Leary, Robert Herjavec | $80k for 51% of company |
| Sharks | Offered | Daymond John | $120k for 50% of company |
Kevin Harrington
Out
Daymond John
Offered
Kevin O'Leary
Deal Never Closed
Barbara Corcoran
Out
Robert Herjavec
Deal Never Closed
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
My Therapy Journal After Shark Tank
The deal never went through after the show. Supposedly Rodolfo and Alexis got a phone call from Kevin O'Leary and Robert, but that was it. Perhaps the sharks were contingent on an insurance company agreeing to work with My Therapy Journal, which never happened.
There was a bump in users after the show aired, and Alexis continued running the website until later in 2009, when he closed My Therapy Journal. Rodolfo started a different company.
Alexis Saccoman was a Psychologist and worked in a business called iThrive in 2013. According to a 2018 tweet from their Twitter, @journalwriting https://x.com/journalwriting, Alexis died, but no cause was stated. Link Preview
@journalwriting
According to his LinkedIn https://www.linkedin.com/in/rodolfosaccoman https://x.com/rodolfosaccoman profile, Robert Saccoman worked as a financial advisor in 2010 and started a few companies, including MATRIX Labs, AdMobilize, and most recently CryptoLeague, a cryptocurrency investing application. Robert is active on Twitter at @rodolfosaccoman Link Preview
LinkedIn .Link Preview
@rodolfosaccoman
Join the Newsletter
Stay up to date on the latest news and updates occuring in the Shark Tank world.
Join the Newsletter
Stay up to date on the latest news and updates occuring in the Shark Tank world.
