Postcard on the Run Shark Tank

Postcard on the Run Shark Tank – Founder, Net Worth, and Investment

Introduction

Welcome to our article on Postcard on the Run’s appearance on Shark Tank, where we dive into the story behind this innovative mobile app and its founder. Find out how Postcard on the Run caught the attention of the Sharks, secured an investment, and what happened to the company’s net worth. Let’s explore the fascinating mobile app story that unfolded in the Shark Tank.

Postcard on the Run Shark Tank

Key Takeaways:

  • Postcard on the Run appeared on Shark Tank in 2013 with a valuation of $6 million.
  • The founder, Josh Brooks, had already raised $1.3 million in previous investments and had sold $450,000 worth of postcards with over 500,000 app downloads.
  • The company received a $300,000 investment from Robert Herjavec in exchange for a 7.5% stake.
  • The current net worth of Postcard on the Run is unknown.

What Was Postcard on the Run? Who Was the Founder of Postcard on the Run?

Postcard on the Run, founded by Josh Brooks, was a unique combination of photo-sharing software and a printing business. Launched in 2011, this innovative mobile app allowed users to select photos from their iPhones and create personalized postcards. These postcards would then be printed and sent to the recipient of their choice.

Josh Brooks, the mastermind behind Postcard on the Run, has a deep background in the technology industry. Prior to his venture with Postcard on the Run, Brooks worked for Myspace, an influential social media platform. Armed with his experience and expertise, he successfully raised $1.6 million to launch On The Run Tech, the parent company of Postcard on the Run.

What sets Postcard on the Run apart from traditional postcard services is its integration of photo-sharing software. Users could select their favorite photos and add personalized messages to create unique and memorable postcards. Whether it was a vacation snapshot or a special moment captured on camera, the app made it easy to transform digital memories into tangible keepsakes.

Moreover, Postcard on the Run’s collaboration with Selena Gomez, the renowned actress and singer, added an extra layer of credibility to the app. With Gomez’s endorsement and investment, Postcard on the Run gained further recognition in the market.

To summarize, Postcard on the Run was an innovative mobile app that combined photo-sharing software and a printing business. It offered users the ability to create personalized postcards using their iPhone photos and personalized messages. The app was founded by Josh Brooks, a technology industry expert with experience working at Myspace. The collaboration with Selena Gomez further enhanced the app’s reputation and appeal.

Key Features of Postcard on the Run Founder Year Launched
Personalized postcards created from iPhone photos Josh Brooks 2011
Integration of photo-sharing software
Printing and delivery service
Collaboration with Selena Gomez

Postcard on the Run at the Shark Tank Pitch?

During its appearance on Shark Tank, Postcard on the Run pitched their innovative app that allowed users to design personalized postcards and have them printed and mailed to recipients. The company sought a $300,000 investment in exchange for a 5% stake, which valued the company at $6 million.

The free app gained significant traction with over 500,000 downloads and $450,000 in postcard sales. However, not all of the Sharks were convinced about the valuation and potential of the business. Mark Cuban and Kevin O’Leary expressed concerns over the high valuation, while Barbara Corcoran raised questions about the written language on the back of the postcards. Meanwhile, Lori Greiner believed the technology was not proprietary enough.

“The idea is interesting, but I’m not sure about the current valuation. I’m out.” – Mark Cuban

Despite the skepticism, Robert Herjavec recognized the potential and saw an opportunity to invest in the Postcard on the Run app. He made an offer of $300,000 for a 7.5% stake in the company, which was eventually accepted.

Table: Investment Offers

Shark Offer
Mark Cuban Out
Kevin O’Leary Out
Barbara Corcoran Out
Lori Greiner Out
Robert Herjavec $300,000 for a 7.5% stake

The investment from Robert Herjavec provided the necessary capital for Postcard on the Run to continue its operations and growth.

The appearance on Shark Tank gave the company valuable exposure and attracted attention to its unique approach to digital postcards. Although the app eventually shut down in 2015 due to competition and other challenges, it proved that there was a demand for combining digital convenience with the timeless appeal of physical postcards.

What was the Net Worth of Postcard on the Run?

During its appearance on Shark Tank, Postcard on the Run had an initial valuation of $6 million. However, after accepting a $300,000 investment from Robert Herjavec in exchange for a 7.5% stake in the company, the valuation decreased to $4 million.

Net Worth Comparison

Valuation Investment Stake
$6 million $300,000 7.5%
$4 million N/A N/A

Note: The net worth of Postcard on the Run decreased from $6 million to $4 million after accepting Robert Herjavec’s investment.

Net Worth of Postcard on the Run

Postcard on the Run Shark Tank Update

After its appearance on Shark Tank and receiving an investment from Robert Herjavec, the Postcard on the Run mobile app continued to operate for a few years. However, it faced fierce competition from similar apps in the market, leading to its eventual shutdown in 2015. As a result, the app is no longer available for download. Unfortunately, the exact reasons for the app’s shutdown remain unknown.

What Happened to the Postcard on the Run App After Appearing on Shark Tank?

The Postcard on the Run app, known for its convenient mobile postcard creation and snail mail service, faced an unfortunate shutdown in 2015, just a few years after its appearance on Shark Tank. The fate of this once-promising app remains unclear, as the exact reasons for its shutdown have not been disclosed. However, what we do know is that the company’s website and social media pages have not been updated since then, suggesting a discontinuation of services. As of 2022, the Postcard on the Run app is no longer available for download or use.

Despite its untimely demise, it’s worth recognizing the impact the app had during its operation. Developed by Josh Brooks and even endorsed by the popular singer and actress Selena Gomez, the app allowed users to create personalized postcards using their own phone images, bringing back the charm of traditional snail mail in the digital era. It offered a unique and convenient way to share memories with loved ones, combining the power of personalization and the nostalgia of physical postcards.

Unfortunately, the journey of Postcard on the Run came to an end, leaving behind unanswered questions about its sudden shutdown. The website and social media pages of the company remain static, silently marking the end of an era for this once-prominent mobile app. The unavailability of the app and lack of updates affirm its closure, leaving users searching for alternative ways to send personalized postcards in the modern world.

Postcard on the Run App

Key Details About the Postcard on the Run App
App Name Postcard on the Run
Founder Josh Brooks
Year of Appearance on Shark Tank 2013
Notable Investment Robert Herjavec – $300,000 for a 7.5% stake
Partnership Selena Gomez
Mobile App Availability No longer available
Company Website Status: Not updated since shutdown

How Does Postcard on the Run Work?

Postcard on the Run was a mobile app that offered a convenient way for users to create personalized postcards and send them to their loved ones. With the app, users could easily select photos from their phones and add personalized messages to create unique and memorable postcards.

The app also provided the option to include scannable codes on the postcards. These codes allowed the recipient to access additional audio and video content, enhancing the overall postcard experience.

To get started, users could download the Postcard on the Run app for free from their preferred app store. Once downloaded, they could begin the postcard creation process by selecting their desired photo and adding a personalized message. The app offered a range of customization options to make each postcard truly unique and special.

After creating the postcard, users had the option to preview the final design before sending it. Once satisfied, they could proceed to the payment process. Each postcard sent through the app required a payment of $2.49.

Postcard on the Run aimed to provide a seamless and user-friendly experience for its users. The app allowed individuals to preserve their memories and connect with others through the traditional medium of postcards, while incorporating digital elements to enhance the overall experience.

Overall, Postcard on the Run offered a quick and convenient way for users to create and send personalized postcards, bridging the gap between traditional snail mail and digital communication.

What Was the Outcome of Postcard on the Run’s Appearance on Shark Tank?

After its captivating pitch on the hit show Shark Tank, Postcard on the Run successfully secured an investment that would propel its business forward. Robert Herjavec, the renowned entrepreneur, offered $300,000 in exchange for a 7.5% stake in the company. This significant investment provided the necessary financial boost for Postcard on the Run to continue its operations for several more years.

However, despite the initial success and recognition garnered from its appearance on Shark Tank, Postcard on the Run faced mounting challenges in the form of increasing competition and other market dynamics. These obstacles eventually led to the unfortunate outcome of the company’s closure.

“The journey of Postcard on the Run showcases the unpredictable nature of the business world, even for promising ventures. While the company couldn’t sustain its operations in the long run, its appearance on Shark Tank undoubtedly offered a notable platform and initial opportunities for success.”

Despite the ultimate closure of the app, Postcard on the Run’s participation in Shark Tank proved to be a milestone in the company’s journey. It served as a testament to its potential and highlighted its innovative approach to combining technology and traditional postcard sending.

Postcard on the Run

While the app is no longer available for download, the impact of Postcard on the Run’s appearance on Shark Tank remains significant. The recognition, exposure, and investment received from Robert Herjavec underscored the business potential and the initial success achieved by the company.

What Was the Company’s Valuation During the Pitch?

During its appearance on Shark Tank, Postcard on the Run pitched a valuation of $6 million. This valuation was determined based on the company’s financials and investor agreements. However, after receiving a $300,000 investment from Robert Herjavec in exchange for a 7.5% stake in the company, the valuation was adjusted to $4 million.

Postcard on the Run aimed to disrupt the traditional postcard industry by offering a convenient mobile app that allowed users to create personalized postcards and have them printed and sent to recipients. The company’s unique approach gained attention on Shark Tank, attracting Robert Herjavec’s investment.

Postcard on the Run Valuation Analysis

“Postcard on the Run had a strong value proposition with its innovative mobile app and personalized postcards. However, the Sharks questioned the valuation of $6 million, noting competition and concerns about proprietary technology. Robert Herjavec saw potential and made a strategic investment that adjusted the company’s value to $4 million.”

The adjustment in valuation reflects the investor’s confidence in the future success and growth of Postcard on the Run. The company recognized the need for capital infusion to fuel expansion efforts and continue building their user base.

Despite the eventual closure of the app, the valuation analysis during the Shark Tank pitch played a crucial role in shaping the company’s trajectory and establishing its perceived worth in the market.

Is the Postcard on the Run App Still Available for Download?

Although Postcard on the Run is no longer in service, the app is still available for download on both iTunes and the Google Play store. However, it’s important to note that the app has not been updated since its closure in 2015. As a result, customer reviews indicate that the app may no longer function properly.

Despite the app no longer being operational, the website for Postcard on the Run is still accessible. However, it’s worth mentioning that the website has not been updated since the company’s appearance on Shark Tank. This lack of updates may indicate that the website’s status and functionality are also questionable.

Therefore, it is advisable to consider alternative options for sending personalized postcards using more reliable and up-to-date mobile apps or online services.

FAQ

What was Postcard on the Run? Who was the Founder of Postcard on the Run?

Postcard on the Run was a mobile app that combined photo-sharing software and a printing business. Founder Josh Brooks, who had previously worked for Myspace, launched the app in 2011. It allowed users to select photos from their phones, add personalized messages, and have physical postcards printed and sent. Brooks also partnered with Selena Gomez for investment and promotion.

How did Postcard on the Run fare at the Shark Tank pitch?

During its appearance on Shark Tank, Postcard on the Run sought a 0,000 investment in exchange for a 5% stake, valuing the company at million. Although the app had over 500,000 downloads and 0,000 in sales, some of the Sharks expressed concerns. Ultimately, Robert Herjavec made an offer of 0,000 for a 7.5% stake, which was accepted.

What was the net worth of Postcard on the Run?

Initially valued at million during its Shark Tank pitch, Postcard on the Run’s net worth decreased to million after accepting a 0,000 investment from Robert Herjavec in exchange for a 7.5% stake.

What happened to the Postcard on the Run app after appearing on Shark Tank?

Postcard on the Run operated for a few years after its appearance on Shark Tank but eventually faced tough competition and shut down in 2015. The exact reasons for the app’s closure are unknown.

How does Postcard on the Run work?

Postcard on the Run allowed users to create personalized postcards by selecting photos from their phones, adding personalized messages, and even including scannable codes for additional audio and video content. The app was free to download, but users had to pay .49 to send each postcard.

What was the outcome of Postcard on the Run’s appearance on Shark Tank?

Postcard on the Run’s appearance on Shark Tank brought initial success and recognition to the business. The investment from Robert Herjavec provided the company with additional funds to sustain its operations for a few more years.

What was the company’s valuation during the Shark Tank pitch?

Postcard on the Run was valued at million during its appearance on Shark Tank. This valuation was determined based on the company’s financials and investor agreements.

Is the Postcard on the Run app still available for download?

The Postcard on the Run app is still available for download on both iTunes and the Google Play store. However, the app has not been updated since its closure in 2015, and customer reviews suggest that it may no longer function properly.

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