|SEASON 8 EPISODE 1|
|Pitch||anti-bullying app that prompts the sender to think twice before sending a message|
|Asked For||$100,000 for 20%|
|Deal||$100,000 for 20%|
|Shark||Mark Cuban and Lori Greiner|
What is ReThink?
ReThink is a downloadable app on iOS and Android; available in three languages, English, Spanish, and Hindi. It detects and prevents so cyberbullying, as well as hate speech. It helps prevent it before it takes place — primarily within community and school social network platforms, used by teachers, students, and parents alike. It warns against any content being offensive before the person writing it can post it — having a claimed 93% success rate. It’s gone on to achieve over 500 000 downloads to date across 1500 schools worldwide and positively impacted the lives of millions of people.
Who Owns ReThink?
Behind ReThink is founder and CEO Trisha Prabhu. An entrepreneur and global advocate against cyberbullying from a young age. Since the inception of her company, Trisha has gone on to receive countless awards and accolades for her work against cyberbullying and discrimination.
From many notable foundations, businesses, and high-profile public figures. She continues to work on other initiatives while doing public appearances and talks. She is also currently studying towards an undergraduate education at Harvard University.
Trisha, only 13 at the time, was both saddened and inspired by the story of a 12-year-old girl in Florida who committed suicide after being relentlessly bullied through social media. Feeling heartbroken by this occurrence, Trisha began to design and patent the technology that would go on to become ReThink.
Within its first nine months online, ReThink went on to achieve nearly 150 000 downloads and $52 000 in sales. As both her brand and worldwide acclaim for her research began to grow, Barack Obama invited her to attend the Global Entrepreneurship Summit to share her story.
It was not long after this that Trisha started to look for like-minded investors. To help her scale her vision and grow the app’s features and awareness.
What Happened After Shark Tank Update
Did ReThink Get a Deal on Shark Tank?
On Shark Tank Season 8 Episode 1, Trisha Prabhu entered the Shark Tank seeking $100,000 for 20%.
Sharks Lori Greiner and Mark Cuban were so impressed by the ambitious student that they teamed up to make a deal giving her exactly what she asked for – $100,000 for 20% (a $1 million valuation).
Is Rethink Still in Business
It is very likely that the deal with Mark and Lori did not close as neither Shark lists the company in their Shark Tank portfolios.
Since appearing on Shark Tank, ReThink has reached 56,000+ downloads through Google Play where it has a 3.5 star rating. It is also currently available in the App Store where it holds a 3.2 out of 5 star rating.
User reviews applaud the app for its effectiveness in changing bad thought habits. Most complaints and issues stem from the apps technical issues which are still in the process of being resolved.
Future plans for the app include in-app purchases for parents and availability in a wider range of languages. ReThink is currently available in English, Spanish and Hindi.
ReThink for Social Good
Although ReThink’s growth has been stagnant for a while now, the young entrepreneur has been making waves in various areas, using her voice as an advocate for female entrepreneurship, financial literacy and more notably, against cyberbullying.
Through ReThink, Trisha has spearheaded community action against cyberbullying by expanding the ReThink movement through various chapters in schools across the country. Her efforts have not gone unnoticed.
In 2016, Trisha was honored as a Health Hero by WebMD and in 2017 presented a talk on cyberbullying at TED Talks India. More recently, ReThink was awarded at the Innovation Challenge sponsored by Harvard’s Technology and Entrepreneurship Center.