Shark Tank: Tabby accepts $ 300,000 from Kevin O’Leary

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Sterling Davis, Leigh D’Angelo and Nathan Kehn have developed a dating app that targets the 17 million single cat owners in the United States. After successfully launching Dig, a dating app for dog lovers, Leigh learned that there is significant cat shame within the dating community. Studies have shown that men who have cats perform worse on dating apps. Because cat lovers don’t have the equivalent of dog parks to meet other cat lovers, the trio started Tabby to help single cat owners find each other. Tabby also offers a community for users to post information about cat-centric events, fundraisers, and get-togethers in places such as cat cafes.

Hoping to partner with a shark who can help them with marketing and distribution, Leigh, Sterling and Nathan seek an investment partner willing to invest $ 300,000 in Tabby in return for a 20% stake. . Since they recently had to jump into a new platform, they are pivoting quickly and also need help building their new app. The trio hope to partner with a shark who can help them grow and grow their business. They currently have 31,000 users and have generated over $ 43,000 in revenue, but they know the market is much bigger than they have been able to reach so far.

Kevin invested in another feline business, Basepaws, which allowed him to build the largest database of cat owners in the United States. For this reason, he believes he is the perfect partner for the Tabby trio. Kevin O’Leary offers to invest $ 300,000 in exchange for a 30% stake in Tabby. Of all the Sharks, Kevin is the best investor opportunity because he has both a client database and distribution mechanisms which are exactly what they need. Although they tried to counter, Kevin remained firm on his offer which they accepted.

If you were a shark, would you have invested in Tabby? Do you think it was a wise investment for Kevin considering he owns a business directly related to Tabby? Start the conversation in the comments below!




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