CAT Eapp

CateApp - Mobile Apps

CAT EappDidn't CloseTechnologySan Francisco, CAby Neal DesaiS4E2

Pitch Details

Season / Episode

S4E2

Sep 21, 2012

Ask

$50,000

for 5%

Ask Valuation

$1M

Deal

$75,000

for 30%

Watch the Pitch

Deal Terms

Amount$75,000
Equity30%
Valuation$250,000
Daymond JohnDaymond JohnKevin O'LearyKevin O'Leary

What Happened Next

Operating
0
  • Deal offered on Shark Tank Season 4 ($70K for 35%) - deal never closed
  • Privacy/messaging app; controversially called a 'cheater's app'
  • Brief post-show download surge then rapid decline
  • Vanished from app stores by 2013
  • Founder Neal Desai moved on to other ventures

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