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 be $500,000.
Current valuation is unavailable.
Who are the Competitors of Sparketh?
Sparketh faces competition in its market space from some of the following companies; BYJU’S, Brilliant, Abwaab, and Cambium Learning.
Sparketh FAQS
What is Sparketh?
Sparketh is a video-sharing platform that allows teachers to help their students with creative activities.
Who founded Sparketh?
Sparketh was founded by Tim Samuel and Dwayne Walker
How much was 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 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.
Is Sparketh still in business?
Sparketh is still in business.
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.
