Validated, an app that lets users earn ride credits by spending in stores, was started by Ian Lyman, Tov Arneson, and Alex Wilhelm in 2014. As of September 2023, Validated net worth is not available.
In 2017, they appeared on Shark Tank USA seeking $250,000 for 8% of equity, valuing the company at $3.1 million. By the way, some sharks were not comfortable with the idea of using QR codes. And some sharks thought that this app would encounter issues while using. Therefore, all sharks dropped this business.
Unfortunately, in 2023, Validated is not alive anymore in the business world. After two years of appearing on Shark Tank, they had to end their business journey.
Validated Net Worth
| Net worth | Out Of Business |
| Shark Tank Investor | None |
| Founder | Ian Lyman, Tov Arneson, and Alex Wilhelm |
Validated Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation 2017 before appearing on Shark Tank | $3.1 Million |
Validated Pitch on Shark Tank
| Company name | Validated |
| Product | App that lets users earn ride credits by spending in stores. |
| Episode | Season 8 Episode 21 |
| Founders | Ian Lyman, Tov Arneson, and Alex Wilhelm |
| Asked for | $250,000 for 8% equity |
| Final deal | None |
| Shark | N/A |
| Location | Seattle, United States |
Validated Founders
Validated was founded by Ian Lyman, Tov Arneson, and Alex Wilhelm in 2014. Tov Arneson is a serial entrepreneur with experience in the mobile app space. He is also a graduate of the University of Washington’s Foster School of Business. Alexander Wilhelm is a software engineer with experience building mobile apps and distributed systems. The other co-founder, Ian Lyman, is a marketing and product expert in the retail and technology industries. The net worth of Validated founders , Ian Lyman, Tov Arneson, and Alex Wilhelm, is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Appeared on Shark Tank season 8 |
| 2018 | Continued to grow its user base and partner with more retailers and parking garages |
Conclusion
Some companies that appear on the show have not achieved great success, and validated was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Validated went out of business in 2019. And the product is no longer available in the market.
