Hello Prenup is a digital prenup platform designed for special couples. Hello Prenup provides fast, affordable, Online Prenuptial agreement that couples do before marriage. With this, both the couples can spend the coming life properly.
What Is Prenup?: Prenup, also known as pre-nuptial agreement, is an agreement between the couple and this agreement is done before marriage. It is written in the prenup agreement that the couple ever gets divorced and after that how the remaining property is to be divided.
To trust each other, many couples sign a prenup agreement and keep it before marriage. There are about 44% people in the United States who prefer to sign a prenup agreement before marriage.
Hello Prenup has brought it online to make prenup agreement easy for people. Couples can create their prenup agreement anytime anywhere through this online platform.
Julia Rodgers and Sarabeth Jaffe, co-founders of Hello Prenup Company. They both appeared on Shark Tank Season 13 Episode 6 with this company and asked the sharks for $150k for a 10% equity at a $1.5 Million Valuation.
What Is Hello Prenup?
Hello Prenup is an online prenuptial agreement platform which is providing prenup facility online to the couple without going to the lawyer.
In this agreement, the couple informs about the distribution of their assets or Property so that later if the couple takes a divorce, then the assets can be shared between both. Through the Hello Prenup platform, you can make your prenup agreement online in a few minutes.
By following only 5 steps, you will be able to make your prenup agreement.
Process of Completing a Prenup Agreement:
- Create HelloPrenup account by inviting your fiance.
- Both have to complete their questionnaires.
- Couples can negotiate in this agreement.
- Generate your prenup.
- Sign & notarize your prenup.
Congratulations your prenup agreement is complete.
In this agreement, the cost of the per couple will be $599. In this agreement, there will be complete information about income, property and assets so that the couple does not have to worry much later.
|Founder||Sarabeth Jaffe and Julia Rodgers|
|Product||prenup platform designed to help couples|
|Asked For||$150k for a 10% equity|
|Final Deal||$150k for a 30% equity|
|Shark||Nirav Tolia and Kevin O’Leary|
|Episode (Shark Tank USA)||S13 E6|
|Air Date||Nov 12, 2021|
|Business Status||In Business|
|Headquarters||Boston, Massachusetts, United States|
|Lifetime Worth (Sales)||$6.3M *estimated|
|Go To Amazon||Find on Amazon|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Hello Prenup?
Sarabeth Jaffe and Julia Rodgers are the co-founders of Hello Prenup. Sarabeth is a software engineer and has worked with Microsoft, Unloop and Karat for many years. Julia is a Lawyer and has been an Divorce Attorney at Mavrides Law for 8 years.
Both these co-founders come from different backgrounds and together they came up with a simple method of expensive prenup agreement through their expertise.
Hello Prenup Before Shark Tank
Julia is an attorney and she already knew about this prenup agreement and she had also got the prenup agreement done for many couples.
Julia Rodgers began working on a Collaborative, Affordable, and Actually Enjoyable Prenuptial Agreement for the couple. After this Hello Prenup was born.
Julia needed a technical co-founder, so she partnered with Sarabeth in March 2021 in this business. For the first time both these co-founders worked through zoom calls for 6 months. The two met days before that to appear on the Shark Tank show.
This platform is providing a real solution for prenup agreement. Prenup agreement is difficult for some couples and they do not feel comfortable discussing it with a third person.
How Was The Shark Tank Pitch Of Hello Prenup?
Sarabeth and Julia enter Shark Tank and ask the sharks for $150k for a 10% equity. Both of them pitched their product to the shark wearing wedding dress and the shark started laughing seeing this.
Sarabeth told that till now we have written 25 prenups on the platform. The reason for such low prenups is the software issue due to which Sarabeth has come into this business. In 2020, the entire wedding industry was closed due to Pandemic.
Lifetime revenue so far is $20,000. They are projecting to make $4.1 million in revenue next year (2021). Julia told that the prenup market value is $550 million.
Robert and Mark say it’s a dream while listening to their projecting amount. Average prenup cost is $5,000, currently their customer acquisition cost is very high and it is not profitable right now. This is the only prenuptial agreement platform in the entire internet.
Kevin O’Leary said that you do not know your customer acquisition cost, so he does not think that this company is worth $1.5 million, $10 Million. For this reason Kevin is out of it. Julia said that their customer acquisition cost will be 0 in 60 days.
Lori Greiner said that it is too early for her, so she is out of it. Mark Cuban said that this is too much of an issue for him, so he is out now. Robert Herjavec also went out of it.
Nirav Tolia is interested in this business and has offered $150k for a 30% equity. Julia said that she had faced difficulties for this company and has invested $130K of her own money.
Julia countered $150k for a 20% equity. Nirav countered 25% equity. Sarabeth asked Kevin to become another shark, but Kevin said he needed 15% equity if he would come in.
Nirav and Kevin’s offer was $150K for a 30% equity. Both the ladies agreed to this offer.
Finalize: Nirav Tolia and Kevin O’Leary Invest $150K in ‘Hello Prenup’ for 30% equity.
What Happened To Hello Prenup After Shark Tank?
Both Nirav and Kevin became partners with 30% equity in this business. Nirav is a tech expert, he has a huge data base. Kevin has invested in the wedding industry and has a lot of data on wedding couples.
Together these two sharks will contribute to grow the Hello Prenup company. After this episode of Shark Tank aired, many Twitter users gave a positive response to this business. Most Twitter users thought this was a brilliant business idea.
These Hello PreNup ladies on #SharkTank are brilliant! They’re not wrong. I know tons of millennials who would be so on this. My stepdaughter and her husband still split so many things. They have joint and separate checking and savings accounts.@DafuqRUwearing
Initially only people from Massachusetts were coming on this platform. Now this prenuptial agreement platform has expanded.
This platform is providing prenuptial agreement service in 32+ states in the United States, including Arizona, Arkansas, California, Colorado, Connecticut, DC, Florida, Georgia and many more.
This platform is currently also providing international prenuptials but it has some terms and conditions which the couple has to follow.
Apart from Kevin O’Leary and Nirav Tolia, LegalZoom founder Brian Liu has invested in this company.
Hello Prenup Shark Tank Update
After Shark Tank, this company’s sales increased by 500%. This company has covered 32+ states out of 50 states of United States and in the coming time it will cover the entire United States.
In December 2022, Kevin and Nirav are still the investors of this company and also Brian Liu has joined the list of investors of this company. Helloprenup also provides guides related to finance and assets to the couple.
We’re following Sarabeth Jaffe and Julia Rodgers along with their company for further updates.
What Is Hello Prenup Net Worth?
The company was worth $1.5 million before Shark Tank, but the Hello Prenup signed a deal worth $535k in Shark Tank. The sales rate of this business was very low due to which most of the sharks refused to invest in this business. In December 2022, Hello Prenup is expanding slowly, almost covering most of the United States now.
Is Hello Prenup Still In Business?
Hello Prenup platform is growing very well after shark tank. The co-founder Julia had initially invested her own money of $130k in this business.
This company has been featured in many big media publications including CNN, Forbes, New Yorker, GeekWire, ABA, Market Watch and many more.
In December 2022, 30% users are coming directly to the online prenuptial agreement platform, 60% users are coming from organic search. Every month traffic on this platform is up to 70k.
This IT Services and IT Consulting company is headquartered in Boston, Massachusetts, United States. About 2 to 10 employees are working in this.
Yes, Hello Prenup is still in business as of December 2022.