DartDrones DartDrones Shark Tank Net Worth
According to Geeks Around Globe, DartDrones’ net worth before appearing on Shark Tank was $3 million USD. As of January 2021, 44Bars.com estimates the company’s net worth to be around $5 million.
Shark Tank Success reports that with Mark Cuban’s investment, the number is likely to have increased significantly.
What is DartDrones? Who is the Founder of DartDrones?
DartDrones is a high-quality drone training firm that primarily serves government organizations, public safety departments, and individuals.
The company’s focus is on a complete and personalized training program that includes in-person hands-on flying training, aerial videography, teaching on obtaining a commercial remote pilot license, and more.
Abby Speicher is the CEO and Co-Founder of DartDrones.
She began her career as a human resources intern at Lowe’s Regional Business Centre in 2011 and went on to become the Founder and CEO of Daakye, a social company that sells handcrafted handbags produced by Ghanaian women, in 2013.
Recently, the firm has provided a high-quality education opportunity in drone flying to over 9000 pupils.
Prior to DartDrones, Abby inherited the entrepreneurial DNA from her family, notably her father, who is an entrepreneurship professor.
At the age of 17, she worked her way through college on a social venture that made handbags in Ghana to pay for education for children in Ghana, which led to her learning how to market a product and falling in love with operating a business.
She met her co-founder, Christ Costello, who was in command of missions employing Raven drones at the Army National Guard while completing the MBA in Entrepreneurship program at Babson College and looking for a new firm to start.
They were then pushed to compete in a business competition together.
Abby had never flown a drone before the pitch competition, so she ordered a Phantom and flew it in front of the judges, resulting in a horrible accident.
That incident sparked the idea of a drone training school. DartDrones was born as a result.”
DartDrones Shark Tank Pitch
Abby entered Shark Tank in Season 8, Episode 18 seeking $300,000 for a 10% stake in her company, valuing it at $3 million.
During her pitch, she discussed the company’s expansion goals and Robert attempted to fly a demo drone but failed at first. With some encouragement, he tried again and succeeded, although the flight was not perfect.
When Kevin inquired about the amount of time it takes to learn to fly a drone, Abby mentioned that they offer a one-day session for enthusiasts and those interested in commercial flying, with more advanced training requiring more time.
The cost of the program is $400 for a full day of instruction with 22 different instructors in 27 different cities.
Over the past 18 months, DartDrones has generated $520,000 in sales and expects to generate between $900,000 and $1.2 million in revenue the following year. Abby plans to reinvest all of the revenue back into the business to develop new curricula, which is how she plans to spend the Shark investment.
During the pitch, Mark offered $300,000 for 10% of the company, and Abby immediately accepted. However, the deal with Mark never materialized, and DartDrones is not featured on his website.
Despite this setback, the company has continued to grow and expand, offering courses in over 40 locations around the country, including night flight and roof inspections.
DartDrones also collaborates with a number of organizations, such as the FBI, NASA, Boeing, and large corporations like General Motors and Walmart. As of May 2021, they have extended their curriculum and now offer lessons in 30 locations.
DartDrones Net Worth
Abby enters Shark Tank in search of $300,000 in exchange for a 10% stake in her firm. This indicates a $3 million valuation.
DartDrones Shark Tank Updates
DartDrones is a drone training company that appeared on Shark Tank in Season 8 Episode 18. The founder, Abby Speicher, sought $300,000 for 10% of her business, valuing it at $3 million.
Mark Cuban invested $300,000 for 10% equity in the company. As of February 2021, DartDrones has grown massively, with more than 40 flight instructors and drone pilot training available in 28+ cities.
The company offers training courses in several areas, including night flight, roof inspections, and more. They continue to train police and fire officials and even work with the NTSB.
DartDrones’ net worth before appearing on Shark Tank was $3 million. Shark Tank Success reports that with Mark Cuban’s investment, the number is likely to have increased significantly.
The Director of Training for DartDrones is Amelia Owre, a U.S. Navy aviator who used to create training programs for the navy’s unmanned aerial systems. With that to boast, there is no wonder their training programs are revered in the industry as one of the most extensive ones out there.
As of May 2021, DartDrones is down to 30 cities offering classes, but they’ve expanded their curriculum. The future looks bright for DartDrones, and we hope to have an even better update in the future.
DartDrones Shark Tank Table Summary:
| ITEM | DESCRIPTION |
| Company Name | DartDrones |
| Founder | Abby Speicher |
| Company Focus | High-quality drone training for government organizations, public safety departments, and individuals |
| Net Worth | $5 million USD (estimated as of January 2021) |
| Shark Tank Pitch | Seeking $300,000 for a 10% stake in the company, valuing it at $3 million |
| Shark Tank Deal | Mark Cuban offered $300,000 for 10% of the company, which was accepted by Abby but did not materialize |
| Sales | $520,000 in the past 18 months |
| Revenue | Expected to generate between $900,000 and $1.2 million in the following year |
| Cost of Program | $400 for a full day of instruction with 22 different instructors in 27 different cities |
| Locations | Courses offered in over 40 locations around the country, including night flight and roof inspections |
| Collaborations | FBI, NASA, Boeing, General Motors, Walmart, and others |
| Training Director | Amelia Owre, a U.S. Navy aviator who used to create training programs for the navy’s unmanned aerial systems |
DartDrones FAQS
What Is Dartdrones, Founder, And How Does It Work?
DARTdrones is a drone training organization founded by Abby Speicher, who is the CEO and co-founder of the company. The company offers Part 107 Test Prep Online Courses and flying lessons.
DARTdrones has more than 40 professional aviators and drone operators working as instructor’s on-contract around the country. The company trains everyone from hobbyists to professional photographers, firefighters, and police officers on how to safely use drones for fun and work.
DARTdrones started out targeting consumers, including lots of kids and parents wanting to learn to fly drones for fun, but it has shifted to focus on training and consulting for government offices and medium to large employers.
The company is currently working with lifeguards to help them implement drones into their safety regulations and procedures.
DARTdrones curriculum is broken into two levels: Level One Basic Training and Level Two Advanced Missions. Basic Training teaches a pilot about the FAA regulations and familiarizes them with the equipment of the drone.
By the end of Level One, a pilot will be able to launch, fly, and land a drone safely. Level Two Advanced Missions teaches pilots how to fly in more complex environments, such as near airports, and how to use drones for commercial purposes.
DARTdrones has been featured on ABC’s “Shark Tank” in a special episode featuring millennial entrepreneurs. The company has a unique leadership structure, with Abby Speicher as CEO and her father Chris Speicher as Chief Visionary Officer.
The curriculum developed for DARTdrones was built by Director of Training Amelia Owre, a U.S. Navy helicopter pilot who also built a training program called FireScout that instructs drone pilots on how to operate near wild and urban fires.
Dartdrones Competitors?
DARTDrones is a drone training company that offers courses in over 40 cities across the United States.
DARTDrones’ competitors include Johnson Consulting and Advisory, Aeromax, Simcrew Training, PrecisionHawk, AeroVista, Guardian Flight, General Aviation Sites, Cornerstone Aviation, UAV Air, Drone U, Skyborne, and Flying Time Ltd.
It is worth noting that some of the search results provide different information about DARTDrones’ competitors.
For example, one search result lists PrecisionHawk and AeroVista as DARTDrones’ primary competitors, while another search result lists Guardian Flight, General Aviation Sites, and Cornerstone Aviation as DARTDrones Flight Academy’s top competitors.
Overall, it seems that DARTDrones has several competitors in the drone training industry, ranging from consulting and advisory firms to other drone training companies.
How Much Was Dartdrones Seeking In The Shark Tank?
Abby Speicher, the CEO of DartDrones, appeared on Shark Tank seeking $300,000 for 10% of her business. The valuation concerned some of the Sharks, but Mark Cuban met Speicher’s asking price with a quick deal.
The episode featuring DartDrones likely filmed during the summer when the business had already generated upwards of $500,000 in revenue.
Did Dartdrones Get A Deal From The Sharks?
Yes, DARTdrones did get a deal from the Sharks on Shark Tank. Abby Speicher, CEO of DARTdrones, appeared on the show and asked for $300,000 in exchange for 10% of her company.
Although the valuation concerned some of the Sharks, Mark Cuban was undeterred and met Speicher’s asking price with a quick deal. Cuban invested $300,000 for 15% of the company.
Since appearing on Shark Tank, DARTdrones has been developing new workshops, including its Drone Journalism Workshop, to teach journalists how to become unmanned aircraft systems (UAS) pilots and “how to secure the necessary waivers to cover newsworthy events”.
DARTdrones has also been expanding its business, doubling the size of the company and expanding to over 48 cities.
DARTdrones was able to handle the increased traffic and exposure from appearing on Shark Tank with the help of Kinsta, a web hosting company.
DARTdrones used the Kinsta platform to prepare for the “Shark Tank Effect,” ramping up infrastructure for its site and optimizing WordPress to increase performance.
How Much Was The Dartdrones Deal?
Mark Cuban invested $300,000 in DARTdrones in exchange for 10% equity on the TV show Shark Tank. The deal was made during the filming of the show, which takes place during the summer.
At the time of filming, DARTdrones had already generated upwards of $500,000 in revenue. The valuation of the company concerned some of the Sharks, but Cuban was undeterred and met the asking price with a quick deal.
In a later update on Shark Tank Recap, it was revealed that Kevin O’Leary offered $300,000 for 15% equity, but Cuban’s deal was accepted.
As of February 2021, DARTdrones has grown significantly, with more than 40 flight instructors and drone pilot training available in 28+ cities. The company has also added 15 new courses with more coming in the future.
What Happened To Dartdrones After Shark Tank?
DARTDrones is a drone training and certification company that appeared on Shark Tank in 2017. The founder, Abby Speicher, asked for $300,000 for 10% equity and received an investment from Mark Cuban.
Since appearing on Shark Tank, DARTDrones has experienced significant growth. The company doubled in size and expanded to over 48 cities. As of February 2021, DARTDrones has more than 40 flight instructors. The company has also added several manned aircraft pilots to its drone pilot training team.
DARTDrones has been able to scale for the “Shark Tank Effect” with the help of Kinsta, a web hosting platform. DARTDrones used Kinsta to ramp up its infrastructure and optimize WordPress to increase performance. The company achieved 100% uptime and an enjoyable experience for new customers.
DARTDrones’ net worth before appearing on Shark Tank was $3 million. As of January 2021, the company’s net worth is estimated to be around $5 million. Shark Tank Success reports that with Mark Cuban’s investment, the number is likely to have increased significantly.
Since appearing on Shark Tank, DARTDrones has expanded its curriculum and now offers 15 new courses. The company has grown in many ways, including adding new employees and offices.
DARTDrones primarily serves government organizations, public safety departments, and individuals. The company’s success demonstrates the impact that appearing on Shark Tank can have on a business.
What Is Dartdrones Current Valuation?
DartDrones’ net worth before appearing on Shark Tank was $3 million. As of January 2021, 44Bars.com estimates the company’s net worth to be around $5 million. As of 2022, DartDrones’ estimated annual revenue is $6.5 million.
During the Shark Tank episode, Abby Speicher, the founder of DartDrones, entered the show in search of $300,000 in exchange for a 10% stake in her firm, indicating a $3 million valuation. However, as of 2022, DartDrones’ current net worth is estimated to be $2.5 million.
It is important to note that net worth and valuation are not the same. Net worth is the total value of a company’s assets minus its liabilities, while valuation is the process of determining the current worth of a company. Therefore, it is possible for a company’s net worth to be different from its valuation.
Is Dartdrones Still In Business?
Yes, DartDrones is still in business as of May 2021. The company has expanded its curriculum and now offers drone pilot training and educational courses in more than 30 cities across the United States. DartDrones has grown massively since its appearance on Shark Tank in 2017.
The company now has more than 40 flight instructors and offers 15 new courses with more coming in the future.
DartDrones primarily serves government organizations, public safety departments, and individuals. The company also collaborates with a number of organizations, such as the FBI, NASA, Boeing, and large corporations like General Motors and Walmart.
In addition to drone pilot training, DartDrones offers consulting for enterprise and government teams with services including equipment procurement and system design, developing standard operating procedures manuals and UAS integration plans, and submission of airspace authorizations and waivers.
DartDrones’ net worth as of January 2021 is estimated to be around $5 million. The company’s success can be attributed to its ability to remain ahead of the curve in the drone industry and its recognition of the demand for drone pilot training in the commercial and government sectors.
When was DartDrones founded?
Abby and her father, Chris Speicher, launched DartDrones in 2014 in response to the growing need for inexpensive, hands-on, professional drone instruction that was accessible around the country.
Do they have any competitors?
They have a number of primary competitors, including Aeromax, Johnson Consulting and Advisory, Ej, Alchemist Aviation, and others.
Where is the headquarters of DartDrones?
DartDrones’ headquarters are located on Uinta Way in Park City, Utah.
What industry does DartDrones operate in?
DartDrones is in the Vocational Rehabilitation Services business.
What is the phone number for DartDrones?
DartDrones may be reached at (800) 264-3907.
What is the DartDrones website?
DartDrones’ official website is located at www.dartdrones.com.
What is the net worth of Abby Speicher?
Abby Speicher’s net worth is unavailable.
How long have been in business?
DartDrones is a relatively new business. It was founded in 2014.
What Shark Tank episode featured DartDrones?
DartDrones was featured on Episode 18 season 8 of Shark Tank.
How many cities are DartDrones located in?
DartDrones is located in over 40 cities across the United States.
Who are DartDrones Partners?
They’re collaborating with the FBI, NASA, Boeing, and a number of large corporations, including General Motors and Wal-Mart.
How can they contact DartDrones?
They can contact them through their website, Facebook, and Twitter accounts.
