On the second episode of Shark Tank season 4 Neal Desai was the fourth entrepreneur to step into the shark tank with a product to save relationships
Cate is a privacy app that allows you to divert incoming calls and message into the app itself. This way if you get a message or call from someone and you don’t want anyone to know about it you don’t have to worry. You can simply check your phone at a convent time and see the missed call or message from the apps interface.
Kevin O’Leary hated the evaluation and offered Neal $50k for 50%. Mark Cuban liked Neal, but not the app and stepped out. Robert Herjavec didn’t like it morally and bowed out of the deal. Daymond John offered to partner with Kevin O’Leary. Barbara Corcoran wanted a piece of the action and offered $50k for 30%. Kevin O’Leary and Daymond John went down to $50k for 35% and Barbara Corcoran countered with $50k for 25% – Neal swung back at Kevin and Daymond with $75k for 35% and they countered with $60k for 35%
Since the show nothing seemed to happen for Cate App. As of now the website is currently undeveloped and nothing has been done.
PROPOSED DEAL: $50,000 for 5% stake.
OFFICIAL WEBSITE: http://www.cateapp.com/
WATCH THIS EPISODE: Shark Tank Season 4 Episode 3