Press "Enter" to skip to content

Hello Prenup Shark Tank Update

0

Have you found a faster and more affordable service to make your wedding day even more special? With law by your side and an agreement that lasts- Hello prenup – a service that helps you with prenuptial agreements at cheap prices and gives you the backing and support to create an agreement that is right for you.

The venture is headed by two ladies namely Julia rogers, and Sarah Beth Jaffe. The company was an idea that has just started afresh and aimed a sales of $ 4.1 million which was a dream.    

Hello Prenup at a glance:

Business ideaA cheap and fast prenuptial agreements creator with attorney support
FounderJulia Rogers, Sarah Beth Jaffe.
Asked for$150,000 for 10%
Accepted deal$150,000 for 30%
SharksKevin O’Leary and Nirav Tolia
Business statusIn business
EpisodeSeason 13 Episode 6
WebsiteHello Prenup
Hello Prenup at a glance.

Index:

Founder Story:

The two founders of Hello prenup Julia Rogers, and Sarah Beth Jaffe have very good expertise in the business. Sarah is the technical backbone that looks after the website. While Julia rogers is a divorce attorney and has 20 years of experience in the space.

Her need for a prenuptial agreement creating service was asked by many clients and therefore the website was created. The company is for millennials and is an easy process that can be done in hours rather than months.

Did Hello Prenup get a deal on SharkTank?

The brides entered seeking an investment of $150,000 for 10% of their company Hello prenup. The company has generated a disappointing sale of $20,000 since it started and has written 25 agreements to date. They want the business to scale and therefore they are looking for a shark.

They explain their business and show the process of generating the agreement. Lori asks about the cost -it is $599. They project 4.1 million in sales which as per two sharks is a dream. Kevin wants to know about customer acquisition costs. The cost is unknown but quite high therefore the company is not profitable.

Mark thinks he sees a lot of problems for him therefore he is out. Robert thinks that a prenup can be done only by a lawyer and there is no need for this service, he is out.

Lori believes in them but the business is too early, she is out. Nirav is all in and believes that the business has a solid market. He offers them 150,000 for 30%. The two of them counter at 20% but Nirav says I can meet you in the middle with 25%. Kevin wants to join in on the offer. Both offer 150,000 for 30%. They accept the deal.

See also  Adapting Leadership Styles: Entrepreneurs' Approach to Managing Different Personality Types

Deal – 150,000 for 30% with Nirav Tolia and Kevin’ O Leary.

What happened to Hello Prenup after Shark Tank?

They started serving 18 states when they aired on Shark Tank. After the appearance, the deal closed in December 2021. The deal helped them expand to more than 50 states in the country and they even started the service for Washington DC.

Their sales after the updated version of Shark Tank exponentially increased and the company is doing wonders in millions of lives up to date. There are 2800 visitors and the sales have increased by 545%. They used the money they got from Shark Tank for employing legal attorneys for the job.

Product details:

  • The service has a website.
  • The service cost $599 while the traditional service is over $5000.
  • There are now many legal attorneys to make the dream come true.
  • The service is easy and affordable.
  • It takes only hours to get the agreement.
  • Once one partner joins the couple the other one is invited.
  • There is a mutual understanding and if there are changes then be done.
  • The service takes information about the couple and creates the agreement.

What is the net worth of Hello Prenup?

Hello prenup had a valuation of $1.5 million when it aired on Shark Tank. Their current valuation is $1 million.

Is Hello Prenup still in business?

Hello prenup is still in business and is making Happy endings and new beginnings in everyone’s lives. The company wants to grow and wants more customers to join the online institution of marriage.   

The service has expanded and wants to grow more. They want to help people make mutual agreements before marriage that work out and not end up in divorce. The founders are working hard to create the happy endings of many fairytales today. Let us see if the venture is fruitful.

HelloPrenup Social Links:

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, don’t forget to download our Android app which contains startup and business book learnings, verified business knowledge and concepts, and no bullshit!!

Related Articles:

FAQs:

What is Hello Prenup?

Hello Prenup is a cheap and fast prenuptial agreements creator with attorney support.

Who founded Hello Prenup?

The two founders of Hello prenup Julia Rogers, and Sarah Beth Jaffe have very good expertise in the business. Sarah is the technical backbone that looks after the website. While Julia rogers is a divorce attorney and has 20 years of experience in the space.

Leave a Reply

You cannot copy content of this page