A Wall Street worker turned stand-up comedian, Alper launched Hater after composing a skit where users connected on their dislikes while searching for love on an app. After some nudging from friends, Alper cashed in his 401(k) and entire savings to fund the app’s development. “In hindsight, it probably wasn’t the smartest move, but I was all in,” he admitted to CNBC.
Enter “Shark Tank,” where Alper pitched Hater to five hard-to-please sharks. At the time, the dating site only had around 10,000 daily users, per Alper’s pitch. Lori Greiner, Robert Herjavec, and Barbara Corcoran all made offers to the entrepreneur, though he ultimately partnered with Cuban, who invested $200,000 in exchange for a 7.5% equity stake. Upon its launch around Valentine’s Day 2017, Hater raked in 500,000 users.
Despite receiving over one million downloads at its peak, the appeal of a dislike-based dating app just didn’t stick. After the launch, Alper told CNBC that Hater wasn’t making any profit, and aimed to implement advertisements and premium subscriptions by late 2018. Unfortunately, these updates never came to fruition.
Post source: The List
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