Sparketh Shark Tank Net Worth 2023
Sparketh Shark Tank Net Worth
Dwayne and Tim appeared on Shark Tank season 13 episode 3 with a $100,000 offer for 8% of their company, which translates to a $1.25 million valuation.
They accepted an offer from Barbara and Daniel that would give them $100,000 in exchange for 20% stock, but this was contingent on the business becoming profitable within six months.
This brought down their total equity evaluation to $500,000 as of now, though the exact current valuation remains unavailable.
What is Sparketh?
Sparketh is an online learning platform designed for children and teenagers to explore and learn various creative disciplines from expert educators. The platform covers a broad range of topics such as baking, painting, drawing, and art, with almost 1,000 distinct courses available for beginners, intermediates, and experts.
These courses are grouped into “tracks” and cost $25 per month or $250 per year. Those who pay annually can also gift a year of access to a friend or family member.
To access the courses, users simply log in to their dashboard and select an activity they are interested in. Sparketh also offers a 30-day free trial for those who want to test the platform before committing to a paid subscription. Many parents who homeschool their children use Sparketh to provide at-home art classes, while others use it as a fun and creative activity to do with their children.
Sparketh also offers unique pricing for schools and school districts. The platform was founded by Tim Samuel and Dwayne Walker, two entrepreneurs from Snellville, Georgia. Walker, who previously worked as a creative director at CampFire Projects and served on the Boys and Girls Club’s Technology Steering Committee, joined Sparketh to pursue his passion for creativity and education.
Samuel, a video editing expert, also contributed to the creation of Sparketh. The idea for the company stemmed from Walker’s belief that he could have excelled as an artist with proper guidance during his youth, which led to the development of a platform that provides such guidance to young creatives.
What Happened to Sparketh at the Shark Tank Pitch?
During season 13 episode 3 of Shark Tank, Tim Samuel and Dwayne Walker presented their online learning platform for children and teenagers, Sparketh, with an offer of $100,000 for 8% of the company, which valued the firm at $1.25 million.
They highlighted the importance of nurturing children’s creativity and asked the Sharks to demonstrate their skills by painting a feather with a toothbrush, with mixed results.
The entrepreneurs shared that they had attended homeschooling expos to make sales and that their motivation came from Tim’s sickle cell disease, which has a life expectancy of 30 years old. They disclosed their sales figures of $100,000 in 2018, $75,000 in 2019, $300,000 in 2020, and projected $500,000 in 2021.
They revealed that it cost them $51.50 to acquire a customer, and the lifetime customer value was $160. They requested the $100,000 investment for a stronger platform and marketing.
While Lori Greiner, Kevin O’Leary, and Mark Cuban declined to invest, Barbara Corcoran made an offer of $100,000 for 20% equity, with a condition that they become profitable within six months.
Guest shark Daniel Lubetzky agreed to join Barbara’s investment for a 10% stake. The deal was eventually finalized, and Sparketh issued a press release confirming the investment.
What is the Net Worth of Sparketh?
Dwayne and Tim appeared on Shark Tank season 13 episode 3 with a $100,000 offer for 8% of the firm. This translates to a $1.25 million valuation.
They accepted an offer from Barbara and Daniel of $100,000 in exchange for 20% stock, with one condition: they must be profitable within six months which brings the valuation to $500,000.
The current valuation is unavailable.
Sparketh Shark Tank Updates
Sparketh is an online art course designed primarily for children and adolescents. The service delivers expertly curated art courses and materials to users’ computer screens, with hundreds of tailor-made instructions on specific projects using particular materials.
Sparketh operates on a subscription-based model, providing access to everything on the site with a single subscription. Users can pause their lessons at any time and resume them later at their convenience.
Subscribers can also access a vast library of projects, images, and other useful materials that can be downloaded, saved, and pursued as needed.
Dwayne Walker and Tim Samuel appeared on Shark Tank in season 13 episode 3 to pitch Sparketh.
They asked for $100,000 for 8% equity, and Barbara Corcoran and Daniel Lubetzky invested $100,000 for 20% equity, contingent on the company becoming profitable within six months. The valuation of Sparketh at that time was $1.25 million.
In December 2022, Shark Tank Talks reported that Barbara and Daniel expressed their wishes on their Twitter account for Sparketh to get the deal on Shark Tank. They invested $100,000 for 20% equity, contingent on the company becoming profitable after six months.
Daniel also promised to guide the founders to grow the business. Viewers of Shark Tank gave positive responses to Sparketh on their Twitter account, and the company had three art instructors, one art director, and one content manager in October 2020.
Sparketh Shark Tank Net Worth 2023
| ASPECT | DETAILS |
| Company | Sparketh |
| Shark Tank | Season 13, Episode 3 |
| Offer | $100,000 for 8% equity |
| Valuation | $1.25 million |
| Investors | Barbara Corcoran and Daniel Lubetzky |
| Offer after negotiations | $100,000 for 20% equity, contingent on profitability within six months |
| New Valuation | $500,000 (estimated) |
| Courses offered | Nearly 1,000 distinct courses for children and teenagers in various creative disciplines |
| Pricing | $25/month or $250/year |
| Free Trial | 30-day |
| School Pricing | Unique pricing for schools and school districts |
| Founders | Tim Samuel and Dwayne Walker |
| Purpose | Nurturing Children’s creativity |
| Update | The current valuation remains unavailable |
What Happened To Sparketh After Shark Tank?
Sparketh is an online platform that offers art education to children and teenagers. The company appeared on Shark Tank in season 13 episode 3, where they sought $100,000 for 8% equity.
The investment was made by Barbara Corcoran and Daniel Lubetzky, who agreed to invest $100,000 for 20% equity, contingent on the company’s profitability after six months.
Following their appearance on the show, Sparketh’s profitability increased significantly. In fact, the company had already earned $300,000 in sales in 2020 before appearing on Shark Tank.
Sparketh has continued to expand since its appearance on Shark Tank. It has added new courses in various art fields, including portraits, animals, food, and nature, and introduced new instructors.
Additionally, Sparketh provides a free one-month trial with access to its entire art course library and offers special course “tracks” for different types of art.
Although there was no official word from Shark Tank about Sparketh after the show, both Barbara Corcoran and Daniel Lubetzky tweeted about the investment shortly afterward.
The Shark Tank Corporation later released a press notice stating that the agreement was moving forward.
Did Sparketh Get A Deal On Shark Tank?
Yes, Sparketh did get a deal on Shark Tank. In Season 13 Episode 3, Tim Samuel and Dwayne Walker appeared on Shark Tank and asked for $100,000 for 8% equity in their company, Sparketh.
Barbara Corcoran and Daniel Lubetzky invested $100,000 in exchange for 20% stock with one condition: Sparketh must be profitable within six months.
According to Shark Tank Talks, the deal was made on the condition that if Sparketh was profitable within the coming six months, then they would get the $100,000 investment.
After Shark Tank, Sparketh’s profitability saw a significant increase. The company earns money by selling courses on a subscription basis to students, with a subscription cost of $25 per month or $250 per year.
In October 2020, Sparketh had three art instructors, one art director, and one content manager, and as the company grows, it plans to hire more people.
It is unclear whether Sparketh has met the condition of being profitable within six months to receive the investment from Barbara Corcoran and Daniel Lubetzky.
However, the connection between Sparketh’s founders and the sharks is still new, and only time will tell if appearing on Shark Tank will be beneficial to Sparketh.
What Is Sparketh’s Business Model?
Sparketh is an online platform that offers creative courses for children and teenagers in various fields such as baking, painting, drawing, and art. The courses are available at beginner, intermediate, and expert levels and are taught by renowned instructors.
The platform operates on a subscription-based model, where users pay $25 per month or $250 per year to access all the courses on the site. Users can pause and resume their lessons at their convenience.
Sparketh was founded in 2015 by Dwayne and Tim, and since then, the company has grown and expanded its course offerings.
Sparketh’s main revenue comes from its subscription fees. The company competes with other online education platforms, including Cambium Learning, Brilliant, and Abwaab.
Sparketh received a $100,000 investment from Barbara Corcoran and Daniel Lubetzky on Shark Tank in exchange for 20% of the company.
Although it’s unclear how many users Sparketh has, the company became profitable in 2017, indicating a growing user base.
Sparketh continues to innovate and expand its course offerings and now works closely with its mentors to provide the best possible experience for its subscribers.
What The Reviews Are For Sparketh After Shark Tank?
Sparketh is an online platform that provides art courses for children and teenagers. The co-founders, Dwayne Walker and Tim Samuel appeared on Shark Tank in season 13, episode 3, seeking a $100,000 investment for an 8% equity.
The Sharks, Barbara Corcoran, and Daniel Lubetzky offered $100,000 for a 20% equity, contingent on making a profit after six months. The deal was finalized, and both investors tweeted about the transaction before the official press release.
According to Shark Tank Talks, Sparketh has made several improvements since appearing on the show and continues to grow. The company has expanded its application, introduced new courses, and added new instructors.
Shark Tank Recap confirms that Sparketh is still in business and has expanded its application, added new mentors and course materials, and aims to provide quality art education to students worldwide.
The Cinemaholic reports that Sparketh has received incredible responses and reviews from its subscribers and works closely with them to deliver the best experience possible.
The Shark Tank official site did not mention any official notice about Sparketh after the show, but both Barbara Corcoran and Daniel Lubetzky tweeted about the investment transaction.
Who The Competitors Are Of Sparketh?
Sparketh is an online platform that provides art education to children and teenagers, with a focus on the homeschool market in the USA.
There are several other companies in the online education field that offer similar services, including Cambium Learning, Brilliant, Abwaab, Raminfard School of Arts, Ermitage Art Academy, and TheVirtualInstructor.com.
Cambium Learning is a for-profit education company that creates digital and printed educational materials, software, and services for students of all ages.
Brilliant is an online learning platform that offers courses in math, science, and computer science. Abwaab is an online education platform that provides Arabic language courses.
Raminfard School of Arts and Ermitage Art Academy are both art schools that offer online art classes, and TheVirtualInstructor.com is an online art education platform that offers courses in drawing, painting, and mixed media.
Who Founded Sparketh?
Sparketh is an online art education platform co-founded by Dwayne Walker and Tim Samuel in 2014. The company offers over 1000 art video lessons on the platform, which are updated every month.
The courses are designed for children aged 6 to 18 years old and cover various categories such as art, drawing, and painting, available at different difficulty levels. Sparketh also provides a library of projects, images, and other useful materials that can be downloaded and saved.
After trying out several business ideas that did not work out, Dwayne and Tim launched the Sparketh brand in 2015 with just four courses published. They signed up their first ten families who believed in the Sparketh vision at the Southeast Homeschool Expo.
Since then, they have created and published new courses on the platform every week while reinvesting every dollar back into the creative mission.
In 2021, Sparketh made its first-ever national TV appearance on the American reality show Shark Tank. The platform received an investment offer from Barbara Corcoran and Daniel Lubetzky, which they accepted.
Sparketh earns revenue through a subscription model, where users pay $25 per month or $250 per year for access to the company’s online courses. There is also a free 30-day trial for Sparketh.
Tim Samuel is the vice president and one of the co-founders of Sparketh. Despite facing challenges, such as a year when they felt they had let their Sparketh customers down, Dwayne and Tim did not give up.
They came back with a refreshed view on Sparketh and continued to provide online art courses to children.
Is Sparketh Still In Business?
Yes. Sparketh, an online art education platform, is still in business as of April 2023. The company offers video art lessons for children and teenagers aged 6 to 18 years old, with a team of passionate art mentors and over 1000 video art lessons.
Sparketh earns revenue through a subscription model, with users paying either $25 per month or $250 per year for access to its online courses.
The company also offers a free 30-day trial. After appearing on Shark Tank, Sparketh received an investment offer from Barbara Corcoran and Daniel Lubetzky, which they accepted.
Barbara offered a $100,000 investment with 20% equity, with the condition that Sparketh produces profits within 6 months.
Since then, Sparketh has expanded its application, added more mentors and course materials, and continued to provide quality art education to students worldwide.
How much were they seeking in the Shark Tank?
Dwayne and Tim were seeking $100,000 in exchange for 8% of the firm. This translates to a $1.25 million valuation.
Did they get the deal from the Sharks?
Yes, they accepted a deal from Barbara and Daniel for $100,000 in exchange for 20% stock, with one condition: they must be profitable within six months which brings the valuation to be $500,000.
What are the social media links of Sparketh?
Sparketh Facebook is www.facebook.com/sparketh, Sparketh TikTok is www.tiktok.com/@sparketh, Sparketh Instagram is www.instagram.com/sparketh.com, Sparketh Twitter is www.twitter.com/sparketh and Sparketh LinkedIn is www.linkedin.com/company/sparketh.
How much is their subscription?
The subscription costs $25 per month or $250 per year.
What is the revenue model of Sparketh?
Sparketh makes money by selling courses on subscriptions basis to students.
Who is the CEO of Sparketh?
Dwayne Walker is the CEO of Sparketh.
Is there a free trial for Sparketh?
There is a free trial for Sparketh for 30days.
Where is Sparketh located?
Sparketh is a company that works in the Elementary and Secondary Schools industry and is based in Snellville, Georgia.
What is the website address of Sparketh?
www.sparketh.com is the website address of Sparketh.
What is net worth of Tim Samuel?
Tim Samuel’s net worth is unavailable.
What is net worth of Dwayne Walker?
Dwayne Walker’s net worth is unavailable.
Who is the Vice President of Sparketh?
Tim Samuel is the Vice President of Sparketh.
