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Hater App Shark Tank Update

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Love and hate are opposites but it seems opposites attract with this app. The hater app has devised a brilliant yet odd way to make love. Love can be created by things you hate. This app decides a match for your future based on your dislikes or what you hate that is common.

To find the perfect match, the hater app uses a variety of algorithms and a total of 4000 topics hand-picked by the owner that help you decide your likes, dislikes, and things you love or hate. This helps you assess your compatibility and your partner is chosen for you. The app was the first of its kind and a true revolution in the apps market as there was nothing like it. It is similar to the tinder app. The app started in the year 2017.

Hater app at a glance.

Business ideaDating app that connects people based on their dislikes in common
FounderBrenden Alper
Asked for$200,000 for 5%
Accepted deal$200,000 for 7.5%+2.5% advisory shares
SharksMark Cuban
Business statusOut of business
EpisodeSeason 9 Episode 12
WebsiteHater App
Hater app at a glance

Index:

Founder Story:

The story of the idea is completely comical, literally. The owner of the app Brenden Alper was writing his most famous comic strip he got the idea to match up with your perfect partners based on their dislikes. He introduced the idea to his audience and they loved the joke that is when he came up with the idea to create an app based on the principle. A former Goldman Sachs employee turned into a comedy writer.

Did the Hater app get a deal on Shark Tank?

The pitch for this app is very happening. The owner of the Hater app enters seeking an investment of $200,000 for 5%. He starts by stating the aim of the company and says that he will give them a tour of the app. He explains the research and fact behind the statement that hate leads to a stronger bond between people rather than what you like. Rohan is at one with him.

Alper hands out emojis and shows the 4000 topics to which they need to answer whether they like, love, hate, dislike, or on the topic. The topics showed that Rohan and Barbara matched.   The company launched in 2017 February on Valentine’s day. Lori was interested in sales. She soon found out that they were young and in their early phase so they did not monetize the app yet.

Project funding for the company was $401,000 from the Owners pocket and $500,000 invested by King. Rohan is the first to go out of a deal. Barbara comes next and offers $250,000 for 5%. Lori is the next one to make an offer 9 of $200,000 for 10% followed by mark who gives an offer of $200,000 for 7.5% equity and 2.5% advisory shares. Robert pops in with an offer as Alper thinks with $500,000 for 5%. Offers from all the sharks except one are available, which one will he take? He makes his decision and takes mark’s offer. He gets $200,000 for 7.5% equity and 2.5% advisory shares.

See also  What is Crowdfunding and how it works for Startup?

What happened to Hater App after Shark Tank?

The offer didn’t make much of a difference to the business. Things changed in terms of followers on social media and downloads of the app increased. They got brilliant ratings on the play store and Appstore of 4.5 and 3 respectively. The no. of users changed drastically many people loved the experience of this app. Mark himself created a profile and tried and tested the app himself.

Product details:

  • The app started off with 500,000 users, today the app has a total of 750,000 users to date.
  • There are 4000 topics to choose from.
  • The app has had many success stories but one notable one was where the two of them loved a type of soup and hated Superbowl.
  • It has matched over 200,000 people by March 2017 alone. This moved the app to the top position in Germany.
  • It uses algorithms to find the perfect match based on what you hate.
  • The app is user-friendly and easy to use.
  • Many people loved the idea to love because you hated the same thing this led to the understanding that people needed an app that had that, which led to the birth of the hater app.
  • Research proves that you will have a stronger relationship with someone who hates the same thing as you.
  • The app is available on their website Appstore and play store.

Competitors of the Hater app

Competitors of the firm are:

  • Alovoa
  • Tinder
  • Ok cupid
  • Hot or not.
  • And many more.

What is the net worth of the Hater app?

The net worth of the company is about $2 million at the time of Shark Tank’s appearance.

Is the Hater app still in business?

The app is currently out of business and has been replaced by another app known as Everbloom made by the same owner. The company shut its doors in 2019 two years after its launch. The website they created is still working strong.

The app hoped to increase its one-of-a-kind features and monetize the app but that was a short life span. Hope such an app comes more often.

Hater App Social Links:

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FAQs:

What is Hater App?

Hater App is a Dating app that connects people based on their dislikes in common.

Who founded Hater App?

The story of the idea is completely comical, literally. The owner of the app Brenden Alper was writing his most famous comic strip he got the idea to match up with your perfect partners based on their dislikes. He introduced the idea to his audience and they loved the joke that is when he came up with the idea to create an app based on the principle.

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