My Therapy Journal is a therapeutic service website that prioritizes user privacy while addressing their questions. The site features two main components: the Journal and the Graph Tracker. Users can utilize these tools to track their emotions, behaviors, diagnoses, and problems.
Company Name | My Therapy Journal | |
Founder | Alexis Saccoman and Rodolfo Saccoman | |
Founded | 2006 | |
Product | Therapeutic Service Website | |
Asked For | $80k for 20% equity | |
Final Deal | $80k for 51% equity | |
Shark | Kevin O’Leary | Robert Herjavec |
Episode (Shark Tank USA) | S1 E5 | |
Air Date | Sep 6th, 2009 | |
Business Status | Out of Business | |
Website | Visit Website | |
Headquarters | Miami, Florida, USA | |
Lifetime Worth (Sales) | $0M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of My Therapy Journal?
My Therapy Journal was founded in 2006 by brothers Alexis Saccoman and Rodolfo Saccoman. Alexis is primarily a therapist, while Rodolfo is a marketing expert.
How Was The Shark Tank Pitch of My Therapy Journal?
After entering the Shark Tank, the two brothers explained their therapy journal and asked for $80,000 in exchange for 20% equity. Last year, their sales were only $4,000, and they had 1,120 users signed up on their website, with just 121 users on the paid plan.
Barbara Corcoran expressed her dislike for the business idea and exited. Kevin Harrington also withdrew. Robert Herjavec, Kevin O’Leary, and Daymond John teamed up to offer $80,000 for 51% equity.
The founders countered with an offer of $80,000 for 49% equity. Kevin O’Leary clarified that Daymond was not involved in the deal, while Daymond countered with an offer of $120,000 for 50% equity. The founders rejected Daymond’s offer due to their lack of knowledge about internet marketing.
Ultimately, Alexis and Rodolfo accepted the offer from Kevin O’Leary and Robert Herjavec.
Sharks Offers list!
Sharks | Offers |
---|---|
Barbara Corcoran | No Offer |
Kevin O’Leary | $80k for 51% equity (#1) (Robert) |
Robert Herjavec | $80k for 51% equity (#1) (Kevin) |
Daymond John | $120k for 50% equity (#1) |
Kevin Harrington | No Offer |
Founder’s (Countered) | $80k for 49% equity (Robert & Kevin) |
Final Deals | $80k for 51% equity |
My Therapy Journal Shark Tank Update
My Therapy Journal secured a deal on Shark Tank when Kevin O’Leary and Robert Herjavec invested $80,000 for 20% equity. However, both brothers closed the company in December 2009, just a few months after the deal.
In 2011, Rodolfo started his own company, AdMobilize, and dedicated his full time to it. Tragically, Alexis Saccoman passed away in 2018. Currently, there is no information available about My Therapy Journal online.
The business closed shortly after the Shark Tank episode aired, resulting in no returns for the investors. It may have been fortunate that the founders did not accept Daymond John’s offer.
What Is My Therapy Journal’s Net Worth?
My Therapy Journal’s net worth is estimated at $0 million. While many businesses are created every day based on the internet, only a few achieve success. Most businesses close within one year of starting.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2006-9 | $10k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $80k | Kevin O’Leary Daymond John |
No, My Therapy Journal has been out of Business Since 2009.