Entrepreneurs Oren Frank and his wife Roni Frank founded Talkspace in 2012 with the goal to make therapy more accessible and affordable. The idea came about after the couple attended couple therapy, which they credit with saving their marriage. They knew that therapy was expensive and set out to find a way to make it more accessible to the general population. The therapy sessions were so helpful for the couple that Roni, a software developer decided to pursue graduated education in psychoanalysis and psychotherapy. See more of Oren Frank at crunchbase
Talkspace operates on a subscription service with a video therapy subscription available for $79 weekly and text only therapy available for $49 weekly. The app features over 3,000 licensed therapists that range from a variety of therapy services from depression, anxiety, couple therapy, LGBT therapy, Veteran therapy, cognitive behavioral therapy, dialectical behavioral therapy, and more.
Talkspace has over 1 million active users and has generated over $10 million in revenue after more than five years of operation. Recently, the company has taken great steps and has hired Dr. Neil Leibowitz as Chief Medical Officer. Most recently, Leibowitz has served as the Senior Medical Director for UnitedHealth. He graduated as a licensed MD from New York Medical College in 2005 and has worked as a Physician, an Inpatient Unit Director, Assistant Professor at the Montefiore Medical Center, Albert Einstein College of Medicine and as the Director of Mental Health for NYC Jails prior to his time as the Senior Medical Director for UnitedHealth.
Leibowitz was initially skeptical of the concept behind Talkspace at first. After getting to know the team he was more than happy to join. Frank believes that Leibowitz can help the corporate side of the business, which will represent over half of Talkspace’s revenue.
Oren Frank has taken to twitter to help promote the access of affordable therapy. A recent concern of his on Twitter has been that of teenagers, many US teens are having problems with anxiety and depression. He also tweeted “Facebook itself is actually the modern-day Black Plague and in retrospect will cause greater damage. #DeleteSocialMedia” As he believes that social media can damage a person’s mental health.