'Shark Tank': Kevin O'Leary inks $300K deal with Tabby, a dating app for cat lovers
'What a fantastic fit! Who knew a shark and cats could get along so well? #SharkTank,' commented a fan
Looks like Mr. Wonderful aka Kevin O'Leary has a new nickname - The Litter King. The famous Shark on 'Shark Tank' gave himself his latest nickname after closing a deal with the founders of Tabby, a dating app for cat lovers for a whopping $300,000! When his fellow Sharks began making fun of him by joking that Kevin should advertise for the product by posing with a hairless cat, he took it in his stride and declared that he was the new litter king and was building a cat empire.
Sterling Davis, Leigh Isaacson, and Nathan Kehn of Tabby dating app stepped into the tank seeing $300,000 for a 20% stake. After Nathan and Sterling's terrible luck with dating apps due to their cats, the trio decided to create an app specifically designed for cat lovers. Aside from finding a fellow cat lover, the app is also a safe space to discuss about various topics about cats. The trio entered the tank looking for a Shark that could help them on the tech front. With Robert Herjavec, Mark Cuban and even guest Shark Nirav Tolia in the tank, it seemed like a great space for the trio to find their dream Shark that could help them take their unique app to the next level.
Unfortunately for them, Mark and Robert decided to sit out of the deal as they felt that the app required a lot of work and was still in a very early stage. Nirav too agreed with them and wish the trio good luck and sat out of the deal. Finally, only Kevin O'Leary and Lori Greiner were left. Since the trip came in specifically seeking help on the tech front, Lori felt that she wasn't the right fit although she absolutely loved the idea of the app. Kevin decided to save the day by making them an offer.
He also explained why he was making an offer by pointing out how his previous investment with Basepaws turned out to be pretty lucrative and he made a lot of money from it. Since he already has one of the largest databases on cat owners across the country due to Basepaws, he felt that he could help Tabby take off with the database. But Kevin wasn't happy with the 20% stake they were offering so he asked for a 30% equity stake in exchange for $300,000. The trio agreed and the deal was closed.
Fans were thrilled to watch Kevin close a deal with Tabby. A fan tweeted, "Well, since @kevinolearytv is "King of the Litter", then I guess he is the Purrrrfect partner for Tabby with his cat database and all. #SharkTank." "What a fantastic fit! Who knew a shark and cats could get along so well? #SharkTank," joked a fan. Another fan wrote, "@ABCSharkTank Spots and I are going on Tabby to find us a man!!! #SharkTank."
What a fantastic fit! Who knew a shark and cats could get along so well? #SharkTank— Ryan Bartholomee (@RyanBartholomee) October 30, 2021
Some fans were however not very impressed with the Tabby pitch. A fan commented, "Wtf a cat dating app #SharkTank." "@kevinolearytv overpaid for that cat deal #SharkTank . They had nothing but an app," declared a fan. Another fan added, "Can't believe I am seeing a cat lover dating app on #sharktank right now."
Can't believe I am seeing a cat lover dating app on #sharktank right now 🤦— P. Warren Brown (@pwarrenbrown) October 30, 2021
'Shark Tank' Season 13 airs every Friday at 8/7c on ABC. Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.