What Happened to Sparketh after the Shark Tank Pitch? Sparketh Shark Tank Update

What is Sparketh?

Sparketh is an online learning platform for kids and teenagers where they may study a range of creative disciplines from outstanding educators. Baking, painting, drawing, and art are some of the topics covered.

There are almost 1,000 distinct courses available, including options for beginners, intermediates, and expert students.

Courses are divided into “tracks,” which cost $25 per month or $250 per year.

They can give a year to a friend or family member when they pay by the year.

All they have to do is log in to their dashboard and select an activity such as art, baking, sketching, or painting.

A 30-day free trial is also available through the firm. Many home-schooling parents utilize the site for at-home art classes.

Others use it to do something fun and creative with their children. They also provide unique pricing for schools and school districts.

Who are the Founders Sparketh?

Sparketh was founded by Tim Samuel and Dwayne Walker, two entrepreneurs from Snellville, Georgia.

Walker formerly worked as a creative director at CampFire Projects before joining Sparketh. He also served on the Boys and Girls Club’s Technology Steering Committee.

Tim Samuel worked as a video editor on the side.

As a youngster, Dwayne was a gifted and devoted artist. Despite winning international painting competitions, he always believed he might have been better with adequate professional guidance.

That sparked the idea for the company. Tim, a co-founder and friend, is a video editing wizard who contributed to the creation of what is now Sparketh.

What Happened to Sparketh at the Shark Tank Pitch?

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 describe the business while emphasizing the necessity of encouraging children’s creativity.

They encourage the Sharks to paint a feather with a toothbrush to exhibit their skill. The Sharks have varied degrees of success with their paintings.

At first, they made sales by attending home-schooling expos. Tim reveals that his motivation stems from his sickle cell illness.

Life expectancy is 30 years old, and his life (he’s 25) may be cut short, therefore he’s going for it as an entrepreneur.

They sold $100,000 in 2018, $75,000 in 2019, $300,000 in 2020, and are on schedule to sell $500,000 in 2021.

A client costs them $51.50 to acquire, and the lifetime customer value is $160. They want the $100,000 to go into a stronger platform and marketing.

When Tim and Dwayne explain they are breaking even, but “could be lucrative if we wanted to,” the Sharks are not pleased.

Lori Greiner is the first to withdraw. She likes the concept, but she’s not a ‘app person,’ therefore it’s not for her. Kevin O’Leary, of course, objects to the high valuation.

He doesn’t see it because the firm isn’t profitable. The entrepreneurs claim it is for the vision, but Kevin is looking for a return on his investment. He, too, withdraws.

Mark Cuban says he wants them to have something that sets them apart. There are free YouTube videos that perform the same thing and do not require a subscription to see. Mark is out because the businesses don’t have something to ‘hang their hats on.’

Despite the absence of returns, Barbara says she’s searching for a reason to invest.

Barbara makes a contract since the entrepreneurs have frequently said that they could be profitable if they wanted to.

She’ll offer them $100,000 in exchange for 20% stock, with one condition: they must be profitable within six months.

Daniel Lubetzky, a guest shark, agrees with Barbara. He admires the entrepreneur’s enthusiasm and empathizes with Samuel’s sickle cell disease.

However, he believes they are not taking it seriously enough. He says he’ll invest with Barbara, even if it’s only for a 10% stake, since he wants to mentor these entrepreneurs.

They agreed to the agreement.

What Happened to Sparketh after the Shark Tank Pitch?

In the immediate aftermath of the concert, both Barbara and Daniel were Tweeting about the transaction, despite the fact that nothing about it appeared on their websites.

The corporation sent a press release several days after the initial air date suggesting that the agreement is still proceeding forward.

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 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.