STEM Center USA Shark Tank Update| STEM Center USA after the Shark Tank
What is STEM Center USA?
STEM Center USA is a continuous source of knowledge and inspiration for children. The team is passionate, kind, and entirely committed to delivering a great experience for all kids.
Melissa and Lavanya Jawaharlal founded the STEM Center USA in 2011. Their objective is to share their love for engineering with middle school, high school, and college students.
Melissa works at Raytheon Space and Airborne Systems, and Lavanya is a student in the Mechanical Engineering department at the University of California, Berkeley.
The STEM Center USA has a physical site in Claremont, California, where students may learn about STEM principles through a hands-on, experiential learning methodology. The STEM Center offers a variety of programs for students of all ages.
The STEM Center USA hosts many public events that are designed to engage the general public in the fields of engineering, science, technology, and math.
They are considered to be passionate community builders with a strong innovative work ethic. Melissa and Lavanya Jawaharlal. The STEM Center has hosted several conferences in the past few years.
Who is the founder of STEM Center USA?
The STEM Center USA was established in 2011 by Melissa and Lavanya Jawaharlal. Their mission is to inspire middle school, high school, and college students with their enthusiasm for engineering.
Melissa is employed by Raytheon Space and Airborne Systems, and Lavanya is enrolled in the Mechanical Engineering program at the University of California, Berkeley.
The STEM Center USA has a physical location in Claremont, California, where students can learn about STEM principles in a hands-on, experiential setting.
The two young women are perfectly suited to their profession. Melissa is a Raytheon Space and Airborne Systems engineer in addition to being the STEM Center’s CEO.
She attended the University of Edinburgh in Scotland and earned a Bachelor of Science in Mechanical Engineering from the University of Southern California (USC).
The STEM Center is located in Pomona, California, and offers a wide range of after-school programs for kindergarteners to college-aged students, all centered on STEM principles.
Students pay a yearly membership fee of $1295, plus extra fees for programs that necessitate the purchase of additional materials.
The subscription entitles students to an infinite number of lessons. They also bring their presentation to local schools and have even traveled to other nations with their curriculum.
They base many of their programs on robotics, which they use with their PI Robot. In April 2014, the sisters raised over $100,000 on Kickstarter to support the project.
The PI Robot is a kit that allows students to create a pretty complicated robot for a cheap cost of $75. Using the PI Robot provides students with hands-on experience rather than lecturing them.
What Happened to STEM Center USA at Shark Tank pitch?
The Jawaharlal sisters are most likely hoping for a Shark to help them grow their facilities to other regions, they both proceeded to the pitch with an amazing schooling company idea.
Lavanya and Melissa appear on Shark Tank in seeking of $150,000 for a 15% stake in their company at a valuation of $1 million.
They explain the purpose of a STEM program and why they established their learning center. Membership at the Stem Center costs between $1400 and $1800 per year, plus $135 per month. They had 85 members at the time of recording and made $135,000 profit.
Chris Sacca recalls their PI Bot Kickstarter. He loves the women because he has two daughters, and he believes Lavanya and Melissa are mission-driven.
Kevin declares that there are too many spokes in the wheel and that he is out of the deal. Robert says he is out of the business because he feels it’s too difficult to scale.
Mark thinks they’re too open-ended, but he believes they will succeed, so he is out of the deal.
According to Sacca, their valuation is significant, and he believes that schools would approach them to build programs.
He offers $150,000 for a 25% ownership of the company at valuation of $600,000, but Lavanya and Melissa demand a $1 million valuation because their 2016 sales are expected to reach $2.5 million. Sacca says he doesn’t need the money back, but he wants to know what their goal is.
Sacca claims she doesn’t want to hear a counter-offer. Lori offers $150,000 for 20% equity shares in the firm, valued at $750,000.
When Sacca asks what they want from a Shark, they respond that they need assistance with franchising. He also states that he will not disclose the deal with Lori and that he would adjust his proposals to $150,000 for 22.5% ownership with a $666,667 value.
Lavanya and Melissa ask Lori if she will accept $200,000 for 20% equity shares in their firm with a $1 million valuation, and Lori accepts the offer and the deal is finalized.
What Happened to STEM Center USA after the Shark Tank?
Lori and the two sisters’ agreement never concluded, but the firm is still in operation. On the night their Shark Tank segment aired, the Stem Center launched a new Kickstarter campaign named the Fiat LUX wearable electronics kit.
They stated that when the deal with Lori is completed they will utilize Lori’s funding to begin franchise papers in order to grow Stem Center nationally.
They held virtual lessons during the Covid-19 epidemic. They state that they have serviced over 20,000 pupils. Their yearly income is $2 million as of 2021.
Net Worth of STEM Center USA
During the pitch the company was valued at $1 million and the have made sales of their services. In 2021 the company is estimated to be $1.6 million in net worth.
STEM Center USA FAQs
What is STEM Center USA?
The STEM Center is a self-described “dynamic learning organization” that offers after-school and summer camp programs for K-12 students, operating out of its Claremont, California location.
Who is the founder?
The STEM Center was co-founded by entrepreneurs Lavanya and Melissa Jawaharlal.
Where is the center located?
The STEM Center is located in Claremont, California.
What is their offer on Shark Tank?
They were asking for $150,000 for 15% stake in their company with a valuation of $1 million.
Did they get the offer?
Yes, they got the offer.
How much was the offer?
Lori offers them $200,000 for 20% equity shares in their STEM firm with a valuation of $1 million. But they never close the deal.
Is still in business?
Yes, they are still in business.
How many students are parts of their club?
They have over 20,000 students in the US and Europe.
Who is the target student?
The STEM Center has a very wide reach in terms of its target students.
What is the Net worth after Shark Tank?
They are estimated to be $1.6 million in net worth by 2021.
How do I contact the STEM Center?
You can contact the STEM Center by calling (909) 399-1300 or through their website.
What is a middle school welder?
It’s a program for students who want to learn how to weld while building construction toys, designed for middle schools.
What do they do?
They hope to inspire kids to follow their dream passion for engineering with their educational programs.
Who is Melissa Jawaharlal?
Melissa Jawaharlal is the co-founder and President of STEM Center USA. Her professional experience as a biomedical engineer and work as a software engineer at Raytheon Space and Airborne Systems has given her the background and experience to run and grow the organization.
She enjoys seeing young people excel, especially those who have to overcome obstacles to accomplish their goals.
How is the business model?
The STEM Center has one kind of membership that gives exclusive access to all their programs.
Is it safe?
When an individual joins the STEM Center, their information is not sold to third parties. This also applies to other email lists Melissa has.
They only use the information for communication purposes and do not sell it.
How long have they been in business?
Since 2011, when Melissa founded STEM Center USA.
How did they make a profit?
Their revenue comes from selling memberships to their programs, which cost from $1400-1800 per year depending on what program a member chooses to take part in.
What are the strengths?
The STEM Center teaches kids how to make, build and create things. This is a very important skill in the future of business.
Is there any opportunity?
Yes, the opportunity is for those who want to be part of the fastest growing (education) business.
How does STEM Center USA use social media?
They use social media as a way to promote their services and products.
What is their goal?
Is to educate kids and inspire them to pursue a career in engineering and technology.
