Shark Tank Update
Shark Tank Pitch
CATE app Shark Tank Update
Published:
2m
| Name | CATE app |
|---|---|
| Main Presenters | Neal Desai |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 11/1/2012 |
| Main Location | Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Deal was made on the show with sharks Kevin O'Leary, Daymond John for $70k for 35% of company, but it fell through after the show. |
CATE app Shark Tank Pitch
Neal Desai wasn't able to find a job that suited him after college until he found himself buying an existing app for $17.5k. The CATE app hides incoming texts from specified contacts to avoid getting caught.
CATE app was developed by a cop who didn't have time for it, however, Neal is not an app developer. Neal has put in $45k into CATE app and finished the Apple IOS version a week ago and is working on Android and Blackberry.
CATE app has around 10k users and has made $5k in revenue. Some sharks pose concerns about the morality of the app.
Kevin, Daymond, and Barbara are shockingly interested, and after far too many negotiations Neal strikes a deal with Kevin and Daymond.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 5% of company | |
| Sharks | Offered | Kevin O'Leary | $50k for 50% of company |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Offered | Daymond John, Kevin O'Leary | $50k for 50% of company |
| Sharks | Offered | Barbara Corcoran | $50k for 30% of company |
| Company | Offered | $50k for 15% of company | |
| Sharks | Offered | Kevin O'Leary, Daymond John | $50k for 35% of company |
| Sharks | Offered | Barbara Corcoran | $50k for 25% of company |
| Company | Offered | Kevin O'Leary, Daymond John | $75k for 35% of company |
| Sharks | Offered | Kevin O'Leary, Daymond John | $60k for 35% of company |
| Company | Deal Never Closed | Kevin O'Leary, Daymond John | $70k for 35% of company |
Mark Cuban
Out
Daymond John
Deal Never Closed
Kevin O'Leary
Deal Never Closed
Barbara Corcoran
Offered
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
CATE app After Shark Tank
According to an article here https://onlinebizbooster.net/what-happened-to-cate-app-after-shark-tank, CATE App was created by West Palm Beach police officer Phil Imler to privately communicate with domestic violence victims.Link Preview
here
Neal Desai was able to purchase the app on Flippa, a marketplace to buy and sell websites. Neal was able to purchase CATE app with the money he made from selling Pokémon cards online.
The app had features such as turning on the phone's camera without the user knowing. There was also GPS and other tracking features.
Neal hired an app team and focused on marketing but it appears the app was never released to the Apple app store but was available on the Android app store for a short time.
The deal with Kevin and Daymond fell through and the last Tweet from @CATEAPP https://x.com/CATEAPP was in early 2013. I can't find any info on what Neal Desai has been up to since. Link Preview
@CATEAPP
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