Brendan Alper has created a unique dating app that allows two individuals to connect based on their hatred towards general subjects. This interesting concept is apparently very valuable to Brendan, who came to
Shark Tank Hater Update
- Entrepreneurs: Brendan Alper
- Business: Dating App
- Ask: $200,000 for 5% equity
- Result: $200,000 for 10% equity
- Sharks: Mark Cuban
The innovative mobile app simply asks questions about what types of things a person might hate. After gaining some knowledge from the simple questions that users are asked, users can start getting connected to potential batches based on the things that they both hate. The company has more than 500,000 users at the time of appearing on
One of the problems with the financial background of Hater is that the company is a complete startup and has no sales to date. The sharks were starting to wonder how Brendan could ask for so much money and such a significant valuation without any sales at the time of appearing on
Barbara decided to make a very generous offer of $250,000 in exchange for just 5% equity in the company. This was more than Brendan came in asking for but Barbara wanted a quick response to her offer. Brendan allowed Lori to make an offer of $200,000 for 10% equity and Barbara quickly withdrew her initial offer.
Mark Cuban decided to also make an offer of $200,000 for 7.5% equity plus 2.5% in advisory shares. Robert Herjavec was interested in making an offer and decided to offer $250,000 for 15% equity. There were several offers on the table and Brendan managed to accept Mark Cuban’s offer.
Our Hater Dating App update might be surprising because Brendan and Mark actually finalized their deal after
Unfortunately it looks like this will be our final Hater Dating App update.
You can find the other company updates from Season 9 Episode 12 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from