Ryan Frankel and Kunal Sarda met at the University of Pennsylvania’s Wharton School of Business. Together they created VerablizeIt, a translation app they pitched on Shark Tank during the show’s fourth season finale. VerbalizeIt charged $1.75 a minute for phone calls, 17 cents per word for documents. On Shark Tank, they turned down an offer from Mark Cuban ($250k for 25 percent) and accepted one from Kevin O’Leary ($250k for 20 percent). However, before the show aired, Frankel and Sarda pulled out of the deal with O’Leary.
Three years after the Shark Tank episode aired, in May 2016, Smartling, another translation software company, acquired VerbalizeIt. Smartling CEO Jack Welde is also a graduate of Wharton and recognized Frankel from Shark Tank.
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