DartDrones 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 Competitors
Johnson Consulting and Advisory, Ej, Aeromax, and Alchemist Aviation are among DartDrones’ primary rivals.
DartDrones FAQS
What is DartDrones?
DartDrones is a high-quality drone training firm that primarily serves government organizations, public safety departments, and individuals.
Who is the Founder of DartDrones?
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.
How much was she seeking in the Shark Tank?
Abby enters the Shark Tank in search of $300,000 in exchange for a 10% stake in her company.
Did she get a deal from the Sharks?
Yes. She accepted Mark Cuban’s deal.
How much was the deal?
She received $300,000 in exchange for a 10% stake from Mark Cuban.
What happened to DartDrones after shark tank?
DartDrones presently employs over forty flying instructors.
Since the filming of “Shark Tank,” they’ve recruited numerous manned aircraft pilots with strong backgrounds to their drone pilot training team, including Karl Schwab, a Marine Corps veteran who is commercially licensed in multi- and single-engine planes.
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 DartDrones website?
DartDrones’ official website is located at www.dartdrones.com.
What is 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?
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.
