My Therapy Journal Shark Tank Update (Season 1)

My Therapy Journal is a therapeutic service website that provides services to users at their homes keeping in mind privacy. This business was started in 2006 by two brothers Alexis Saccoman and Rodolfo Saccoman.

Both of these brothers are from Brazil and came to the United States with their parents at a young age for a better career. Their father worked in a factory and he worked hard to get a better career for his child.

These two brothers appeared on Shark Tank Season 1 Episode 5 with their business idea and asked the Sharks for $80k for 20% equity at a $400k Valuation. Robert Herjavec and Kevin O’Leary invested $80,000 in the business for 51% equity.

What Is My Therapy Journal?

My Therapy Journal is a therapeutic service website that takes care of users’ privacy and answers their questions. The website has two components: Journal and Graph Tracker. In this, users can track their emotions, behavior, diagnosis, problems, etc.

Company NameMy Therapy Journal
FounderAlexis Saccoman and Rodolfo Saccoman
Founded2006
ProductTherapeutic Service Website
Asked For$80k for 20% equity
Final Deal$80k for 51% equity
SharkKevin O'Leary Shark Tank Profile Kevin O’LearyRobert Herjavec Robert Herjavec
Episode (Shark Tank USA)S1 E5
Air DateSep 6th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersMiami, Florida, USA
Lifetime Worth (Sales)$0M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of My Therapy Journal?

Founder Of My Therapy Journal are Alexis Saccoman and Rodolfo Saccoman
Image credit by ABC Shark Tank

My Therapy Journal business was founded in 2006 and was founded by two brothers, Alexis Saccoman and Rodolfo Saccoman. Alexis is primarily a therapist and HIS brother Rodolfo is a marketing expert.

How Was The Shark Tank Pitch of My Therapy Journal?

After entering the shark tank, these two brothers explained their therapy journal to the sharks and asked for $80k for 20% equity. Last year’s sales were only $4,000. Till now 1120 users have signed up on their website but only 121 users have taken the paid plan.

Barbara Corcoran said that she did not like this business idea then she was out. Kevin Harrington said he is out. Robert Herjavec, Kevin O’Leary, and Daymond John teamed up to offer $80k for 51% equity.

Founders countered $80k for 49% equity. Kevin O’Leary said that Daymon is not involved in this deal. Daymon John said he would offer $120k for 50% equity. The founders rejected Daymond’s offer because they did not have much knowledge about Internet marketing.

Alexis and Rodolfo accepted Kevin and Robert’s offer.

Sharks Offers list!

SharksOffers
Barbara Corcoran Barbara CorcoranNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’Leary$80k for 51% equity (#1) (Robert)
Robert Herjavec Robert Herjavec$80k for 51% equity (#1) (Kevin)
Daymond John Daymond John$120k for 50% equity (#1)
Kevin Harrington Kevin HarringtonNo Offer
Founder’s (Countered)$80k for 49% equity (Robert & Kevin)
Final Deals$80k for 51% equity

What Happened To My Therapy Journal After Shark Tank?

My Therapy Journal Got a Deal on Shark Tank. Kevin O’Leary and Robert Herjavec invested $80k in the business for 20% equity. Within a few months of this deal, both brothers closed this company in December 2009.

In 2011, Rodolfo started his own company AdMobilize, and started devoting his full time to it. Alexis Saccoman died in 2018 and after that. Right now there is no information available on the internet about this business.

My Therapy Journal Shark Tank Update

This business closed within a few months of this episode of Shark Tank airing. The investor did not get any return from this business. Perhaps it was good that the founder did not take up Daymond John’s offer.

What Is My Therapy Journal’s Net Worth?

My Therapy Journal’s net worth is estimated at $0 million. Many businesses are created every day based on the internet but there are only a few successful businesses. Most of the 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.

YearsAnnual Revenue
2006-9$10k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2009$80kKevin O’Leary
Daymond John

Is My Therapy Journal Still In Business?

This business has now completely closed and the co-founder of this business, Alexis Saccoman, passed away in 2018. Rodolfo is currently running a CryptoLeague company.

No, My Therapy Journal has been out of Business Since 2009.

frequently asked questions

Who founded My Therapy Journal?

My Therapy Journal was founded by Alexis Saccoman and Rodolfo Saccoman.

Did My Therapy Journal get a deal on Shark Tank?

Yes, My Therapy Journal got a deal on Shark Tank.