Shark Tank Update
Shark Tank Pitch
Verbalize It Shark Tank Update
Published:
2m
New York, NY
| Name | Verbalize It |
|---|---|
| Main Presenters | Ryan Frankel and Kunal Sarda |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 1/1/2016 |
| Main Location | New York, NY Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Offer made from sharks |
Verbalize It Shark Tank Pitch
Ryan Frankel and Kunal Sarda met at Wharton Business School, where people like Elon Musk, Donald Trump, and Warren Buffet once attended. With that said there are probably a lot of people that never accomplished anything that went there, so which is Ryan and Kunal? Ryan and Kunal created Verbalize It to connect people in need of translation to translators through their app and website.
Verbalize It has 2000 translators around the world that service five languages. Users get one free call and then pay around $1 a minute for translation. Translators make $7 to $15 an hour. Verbalize It has been live for one month and did $10k in revenue in the last week. Verbalize It is featured on the Skype app store to allow users to add a translator to the call.
Mark and Robert make the same offer, while Kevin offers 5% less equity than them. Each shark has advantages to Ryan and Kunal, and while they would like all three sharks in on the deal, they find Mr. Wonderful provides the best value for the equity they gave up.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $250k for 15% of company | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Offered | Mark Cuban | $250k for 25% of company |
| Sharks | Deal Never Closed | Kevin O'Leary | $250k for 20% of company |
| Sharks | Offered | Robert Herjavec | $250k for 25% of company |
Mark Cuban
Offered
Daymond John
Out
Kevin O'Leary
Deal Never Closed
Barbara Corcoran
Out
Robert Herjavec
Offered
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Verbalize It After Shark Tank
According to thepenngazette.com https://thepenngazette.com/translating-success, Ryan Frankel and Kunal Sarda participated in the Wharton Trek, which is student-run trips to different regions of the world. Ryan went to China and Sarda to France but both connected over having issues translating. The translator at the Shark Tank pitch was Ryan's soon-to-be fiancée, Erika.Link Preview
thepenngazette.com
Ryan and Kunal followed up with Kevin after Shark Tank to inform him that instead of taking his offer, they had joined a start-up accelerator program called TechStars and raised $1.5 million. After Shark Tank, the VerbalizeIt app gained 25k users in a few weeks. They increased to 10k translators across 11 languages and led a 12-person team. VerbalizeIt partnered with Skype and Rosetta Stone.
In a 2016 press release, smartling.com https://www.smartling.com/resources/today/smartling-acquires-shark-tank-alumnus-verbalizeit-expand-multimedia-translation-capabilities https://www.linkedin.com/in/kunalsarda https://x.com/sardakunal announced its acquisition of VerbalizeIt. According to Kunal's LinkedIn Link Preview
smartling.com , VerbalizeIt had grown to over 24k translators and he continued to work at Smartling until 2020. In 2020 he founded Arya, a service to help flex workforce companies provide better compensation to their workforce. Kunal's Twitter is @sardakunal Link Preview
LinkedIn .Link Preview
@sardakunal
According to Ryan's LinkedIn https://www.linkedin.com/in/ryanvfrankel https://x.com/rvfrankel, he tried to create a similar business model as VerbalizeIt but with connecting people to nutrition coaches from 2016-2019. In 2019 he started an app aimed at reducing distracted driving and runs it as of 2022. Ryan's Twitter is @rvfrankel Link Preview
LinkedIn .Link Preview
@rvfrankel
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