Goalsetter Shark Tank Net Worth 2023

Goalsetter Shark Tank Net Worth

According to the search results, Goalsetter founder Tanya Van Court has a net worth of 5.4 million USD as of 2022.

In March 2019, Van Court appeared on Shark Tank seeking $200,000 for 4% equity in her kid’s financial literacy app, Goalsette.

The Sharks had concerns about the complications that are generally involved with setting up a bank account for kids and customer acquisition costs.

In October 2020, Goalsetter raised $3.9 million in a seed round and partnered with the National Basketball Players Association and other influencers to try to achieve its 1 million savings accounts goal.

Mark Cuban is partnering with Goalsetter for Black History Month in its quest to give 1 million kids their first savings accounts with $40 and a debit card. As of February 2023, it is unclear what the current net worth of Goalsetter is.

What is Goalsetter? Who is the founder of Goalsetter?

Goalsetter is an application designed to spark the interest of children and families in saving money by providing easy-to-use tools for saving and smart-spending.

With Goalsetter, users can track and achieve their savings goals, transfer money quickly between friends and family, make allowances, and monitor their children’s spending.

Tanya Van Court, the President and CEO of the company, previously held a senior position at Nickelodeon where she was in charge of NickJr.com, Noggin.com, and Nickelodeon’s parenting programs.

It was a pivotal moment on her daughter’s 9th birthday that inspired her to create Goalsetter. Her daughter had requested two things for her birthday – a new bike and enough money to open her own investment account.

Instead of fulfilling her daughter’s requests, Tanya got her a “Make Your Own Gum” Kit, two weaving looms, and a butterfly conservatory to teach her the value of saving money.

Research shows that children who learn how to manage and save money at an early age grow up to be more financially responsible adults.

Goalsetter sets children on the right path and allows family and friends to participate in their financial journey.

Children under 13 can open an FDIC-insured savings account with the help of a parent, while those over 13 can open an account on their own.

Users can create a profile and set savings goals such as college funds, buying a new bike, or planning a Disneyland trip.

Parents can also set up a “round-up” savings feature that deposits money into the account on a regular basis, similar to an Acorn account.

Users can purchase a “GoalCard” to fund a specific goal in a child’s Goalsetter account and share their goals through links and social media.

Goalsetter not only teaches children the importance of saving money, but also helps them develop and achieve financial and non-financial goals.

Tanya’s idea for Goalsetter was born out of her daughter’s disappointment in not receiving a new bike for her birthday. She realized that parents should support their children’s ambitions rather than encourage materialism.

Goalsetter partners with major brands such as MasterCard, Acorn, Sesame Street, and Facebook. The company generates revenue by charging processing fees and donates 5% of all fees collected to various children’s organizations.

Goalsetter Shark Tank Pitch

Tanya Van Court appeared on Shark Tank Season 8 Episode 21 to pitch her company, Goalsetter, which sets individuals on the right track to achieve their financial goals and allows friends and family to join in.

She was seeking $200,000 from a Shark to help with marketing and building new partnerships. In exchange, she offered a 4% stake in her company, which was valued at $5 million.

Goalsetter generates revenue by charging customers $1 per transaction and a $5 processing fee, and partner banks contribute 1% of assets under management to the company.

Although the Sharks were impressed by these figures, they were concerned about the $21.1 million Tanya had already raised compared to her modest sales figures of $40,000.

While Lori loved the concept, she did not believe it was investable, and Jamie was not familiar with the area, so they both declined to invest.

Daymond liked the concept of tangible gifts but decided not to invest, and Mark loved the idea of kids’ savings accounts but was not a fan of the gift card aspect of the business.

Kevin, on the other hand, was interested and offered $200,000 for 25% equity, citing his expertise in financial markets and ability to help with branding and sales. Tanya countered with an offer of $100,000 for 8% equity, but Kevin declined.

Ultimately, Tanya declined Kevin’s offer and left the Tank without a deal. However, her company continued to thrive, and by June 2019, there were 20,000 active users.

In January 2021, Goalsetter secured $3.9 million in a seed round led by NBA players Kevin Durant and Chris Paul and billionaire Robert F. Smith.

Mark Cuban also announced a partnership with the company for Black History Month in February 2021, aiming to provide one million black and brown children with a $40 bank account to improve their financial literacy. As of December 2021, Goalsetter’s annual sales were $5 million.

Competitors of Goalsetter

Goalsetter’s major competitors include ClickLease, Moneytech, Clix Capital, and LoanTap.

Net Worth of Goalsetter

The company was valued at $5 million during and after the pitch, since then the company has been operating with annual revenue of $5 million as of December 2021. This justify that the company net worth had increased.

Goalsetter Shark Tank Updates

Tanya Van Court appeared on Season 10 of Shark Tank to pitch her company, Goalsetter, which is an online saving and gifting platform for kids. She asked for $200,000 for 4% equity in her company, but none of the sharks made an offer.

Despite not receiving an investment, Goalsetter has continued to grow since its appearance on Shark Tank. The company has been featured in various media outlets, including TechCrunch, Forbes, Yahoo! Finance, and ABC.

In January 2021, Goalsetter raised $3.9 million in a seed round that included NBA stars Kevin Durant and Chris Paul, as well as the billionaire chairman of investment firm Vista Equity Partners, Robert F. Smith.

The company also partnered with the National Basketball Players Association and other influencers to try to achieve its goal of 1 million savings accounts.

According to search results, Tanya Van Court has a net worth of $5.4 million as of 2022. Goalsetter has an active Instagram account with 10.4K followers and 95 posts, which is one of the best ways to get updates on the company. The company’s last post on Facebook was on March 31, 2021, about their “Drafted” campaign.

In summary, while Goalsetter did not receive an investment from the sharks on Shark Tank, the company has continued to grow and has raised significant funding from other sources.

The company has also partnered with the National Basketball Players Association and other influencers to achieve its goal of 1 million savings accounts. Tanya Van Court, the founder of Goalsetter, has a net worth of $5.4 million as of 2022.

Goalsetter Shark Tank Table Summary:

TOPIC	DETAILS
Founder	Tanya Van Court
Goalsetter Description	A financial literacy app to encourage saving and spending
Goalsetter Features	Savings goals, allowances, monitoring of children’s spending, round-up savings, and a “GoalCard” to fund specific goals.
Shark Tank Pitch	Appeared in Season 8 Episode 21 seeking $200,000 for 4% equity
Shark Tank Results	Left without a deal
Partnerships	National Basketball Players Association, MasterCard, Acorn, Sesame Street, and Facebook
Funding	$3.9 million in a seed round in October 2020, led by NBA players Kevin Durant and Chris Paul and billionaire Robert F. Smith.
Net Worth	Valued at $5 million during and after the pitch, net worth as of February 2023 is unclear.
Competitors	ClickLease, Moneytech, Clix Capital, and LoanTap
Shark Tank Appearance	Season 8 Episode 21
Annual sales	$5 million (as of December 2021)

Goalsetter FAQs

What Is Goalsetter And How Does It Work?

Goalsetter is a mobile banking, debit card, and investing app that focuses on educating the next generation with fun financial quizzes based on pop culture, putting them on the path to financial freedom.

It is a financial literacy and planning platform, savings account, and debit card designed for savers of all ages. The platform’s mission is to get every family in America saving. Goalsetter was founded in 2014 by former media executive Tanya Van Court.

To sign up for Goalsetter, all you need to do is make an account and link your bank. Then you can invite your family to save with you. The app has two main branches: a savings account for kids and a financial literacy learning center with fun quizzes.

Kids and parents together sign up for the app, where kids input some of their goals, from college tuition to a new bike or gaming console.

Kids can then earn their allowance through the app, and can also receive ‘GoalCards’ (replacing a gift card) from parents and relatives to save towards their goals.

Goalsetter has a few key features, all of which help strengthen your family and finances. These include auto save, which automatically deposits a set amount either weekly or monthly, and round ups, which rounds up each time you pay with the Cashola.

Children get to save money for specific goals, and can save money for the future with no goal specified. The app also allows adults in children’s lives to gift them money towards their savings goals.

Goalsetter makes money by charging a dollar for every GoalCard sent through the platform. It donates 5 percent of its transaction fee to children’s related charities.

The company also has a donation function that allows users to pay the company whatever they want, with the money going towards a child’s savings account.

Who is the founder?

Tanya Van Court is an entrepreneur and former Nickelodeon executive. She holds a degree in marketing and media from the University of California, San Diego. Tanya has dedicated her life to helping children succeed and become economically responsible individuals.

What Was The Outcome Of Goalsetter Shark Tank Pitch?

Goalsetter, a financial literacy app for kids, appeared on Shark Tank in Season 10 Episode 15 seeking $200,000 for 4% of the company. However, Goalsetter did not get a deal on the show.

Despite not receiving an investment from the Sharks, Goalsetter has continued to grow and has partnered with the National Basketball Players Association and other influencers to try to achieve its goal of 1 million savings accounts.

The value of Goalsetter is twofold: it teaches kids about the power of saving money and how to set and reach goals. Research shows that kids who learn how to handle and save money at a young age become more fiscally responsible adults.

As of June 2019, the company claimed to have 20,000 active users. Although Goalsetter did not receive a deal on Shark Tank, the company has continued to operate and grow.

Did Goalsetter Receive Any Investment After Shark Tank?

There are conflicting search results regarding whether Goalsetter received investment after appearing on Shark Tank.

One source states that Goalsetter did not receive a deal from any of the sharks during their appearance on the show.

However, another source states that Goalsetter had a seed round in January 2021, where they raised over $3.9 million with the help of NBA players Chris Paul and Kevin Durant, as well as the Chairman of the investment firm Vista Equity Partners, Robert Smith.

It is unclear whether this investment was a direct result of their appearance on Shark Tank or if it was obtained through other means. Additionally, a third source describes a different Shark Tank pitch for Goalsetter in which Kevin O’Leary offered $200,000 for 25% ownership of the company, but Tanya Van Court declined the offer.

However, this source appears to be inaccurate as it describes a different valuation and outcome than the other sources.

Overall, it is unclear whether Goalsetter received investment after appearing on Shark Tank, but they have continued to grow and partner with other organizations.

How much was asking on Shark Tank?

Tanya was asking for $200,000 for 4% stake of her company, which worth $5 million.

Did she have the deal?

No, Tanya did not have the deal with the sharks.

Is Goalsetter still in business?

Yes, Goalsetter is still operating as of December 2021 with yearly sales of $5 million.

How much does Goalsetter cost?

Users will be charged a $3.00 monthly advising fee, which will be collected by our associate Goalsetter. It should be noted that this $3.00 monthly advising cost is in addition to the $2.95 Goalsetter price (the basic version).

Is Goalsetter a genuine company?

Goalsetter is completely legal. Not only did I meet with their firm, but their savings accounts are FDIC-backed, their prepaid debit card is MasterCard-backed, and they were even featured on the television show Shark Tank.

How does Goalsetter earn money?

Make money. When users refer a friend or family member to Goalsetter, user earns $1 and donates $1 to a charity of their choosing.

Can I use my Cashola Card as soon as I get it?

Yes! Users may immediately transfer money from their bank or funding account to their Cashola Card after placing an order for one. Once the funds have been transferred to their card, the digital form of your Cashola Card is activated and available to use.

Is it necessary to activate my actual Cashola Card?

Yes! Users must activate their actual Cashola Card in the Goalsetter app once they receive it in the mail. Open the app, navigate to their child’s “Spending” account, and they’ll be able to activate their Cashola Card right away.

Is there interest paid on Goalsetter accounts?

For each individual Goalsetter account with more than $500 in savings, Goalsetter offers a.25 percent APY cash back incentive.

APY (Annual Percentage Yield) as of October 18, 2020 the annual percentage yield (APY) may vary at any moment before or after the account is setup.

How do I withdraw funds from my Goalsetter account?

Parents may transfer funds from their Goalsetter account to their linked bank account to cash out, or they can spend the funds using the Goalsetter Cashola Card.

Goalsetter is intended for whom?

Goalsetter is designed for adults, teenagers, children, and tweens. It is the most effective strategy for families to save for objectives and instill in their children sound financial habits that will last a lifetime.

How do I withdraw funds from my Goalsetter account?

Parents may transfer funds from their Goalsetter account to their linked bank account to cash out, or they can spend the funds using the Goalsetter Cashola Card.

How long does a typical transfer take?

A transfer might take up to two working days to settle into their bank account or Goalsetter account. However, depending on their bank and the size of the transfer, it may take up to 5 business days.

What is the net worth of Tanya Van Court?

Tanya Van Court’s net worth is estimated at $2.7 million as of December 2021.