What Happened to Village Scholarships after Shark Tank? Village Scholarships Shark Tank Update
What is Village Scholarships?
Village Scholarships is a crowdsourcing website that awards scholarships to higher education students through crowdsourced donations. Students seeking financial aid begin by registering an account and initiating a campaign on the site.
They are permitted to specify the institution to which the money will be donated as well as their present life situations in their campaign, if they feel comfortable doing so.
The campaign will then be eligible for matching funds from Village Scholarships donors, and after the campaign has collected the required amount, the funds will be paid directly to the student’s chosen college.
Antonio Adams started Village Scholarships in Denver, Colorado. Antonio earned a bachelor’s degree in Organizational Communication from Metropolitan State University of Denver, where he earned honors and was named to the Dean’s List.
After completing his degree, he worked at a variety of different organizations, notably in marketing and product planning. Arrow Electronics, AspenCore, Bark, and Network for Good are just a few examples.
Who is the founder of Village Scholarships?
Antonio Adams founded Village Scholarships in Denver, Colorado. Antonio Adams had lost his scholarship prior to establishing Village Scholarships. It was an athletic scholarship, and Antonio was unable to participate due to an injury.
His hardship compelled him to devise more efficient means of paying for education. He began studying Crowdfunding platforms but believed that the more traditional methods lacked something. Antonio founded Village Scholarships with the assistance of his sister Tasha.
The program aims to expedite the scholarship application process while also offering a forum for students to get microloans.
The idea is to provide an online arena where scholarship organizations, as well as friends and family, may contribute to students’ educational expenses.
Donors and students both create profiles inside the Village Scholarships system, which allows them to donate and receive money at any time. Additionally, all gifts are documented for tax purposes.
Village Scholarships is still in its infancy. They’re beta-testing website designs and providing the first 500 customers free “premium services.”
What Happened to Village Scholarships at Shark Tank pitch?
In Shark Tank episode 707, Tasha and Antonio Adams pitch Village Scholarships, their new idea for assisting students in locating scholarship monies. Village Scholarships is an idea in need of momentum, and they’re looking for a Shark to assist them.
Tasha and Antonio appeared on Shark Tank in seeking of $125,000 in exchange for a 10% stake in their firm, which worth $1.25 million.
Acceptance to college was a major thing, but paying for it is a nightmare. Crowdfunding is their answer. To assist with fundraising, users establish a profile to share with family, friends, and their entire social network.
Village Scholarships retains 8.5 percent of all cash contributed. Their website was primarily in the conceptual stage.
Robert asserts that this was a method of donation. According to Sacca, the bulk of fundraising was done by those close to the user. Antonio asserts that the competitive edge is derived from money matching by “angels.”
The Sharks were interested in finding out how Tasha and Antonio paid for their college educations. Tasha received a full academic scholarship for her education, whereas Antonio was forced to forfeit a basketball scholarship due to injury.
Robert does not believe that friends and relatives will pay an additional 8.5 percent to provide money, and he does not believe that it will work; he went out.
Mr. Wonderful has withdrawn from the competition platforms HoneyFund and PlumFund. He also went out.
Lori believes that it was too early; she exits. Sacca approves of their ideas, but they need to be better integrated; he’s out.
Mark expresses his want for a tangible result; he exits. Finally, they left the pitch without concluding a deal.
What Happened to Village Scholarships after Shark Tank?
Due to Sasha and Antonio’s apparent lack of concentration, the Village Scholarships concept appears to have fizzled. Without a Shark Tank investor and an adequate business strategy on which to grow, the firm failed.
The website was no longer active, and the social media accounts have been inactive for almost a year.
With the availability of alternative crowd-funding channels, the plan was doomed from the start.
While the concept of crowd-funding tuition is not new, as HoneyFund and PlumFund demonstrate, the competition in this area was tough, and it’s critical to bring something fresh to the table.
It would have needed a community to bring this vision to life, but it appears that the support was just not there. This business ceased operations in 2016.
Competitors of Village Scholarships
The primary competitor of Village Scholarship was Blugold.
Net Worth of Village Scholarships
The company valuation was $1.25 million during and after the pitch. Since then the company went out of business in 2016 and hence the company net worth is unavailable.
Village Scholarships FAQs
What is Village Scholarships?
Village Scholarships is a student loan microloan program that awards funds to individuals who have been rewarded a scholarship. The concept is to expand the amount of funding available for people who wish to obtain an education, whether in the field of business or engineering.
Who is the founder?
The founder of Village Scholarships is Antonio Adams.
How much was Antonio asked on Shark Tank?
On Shark Tank, Antonio was asking for $125,000 for a 10% stake in the firm. The company’s value is $1.25 million.
How much did they receive on Shark Tank?
They did not receive any offer from Shark Tank.
Is Village Scholarships still in business?
As of 2016, the company went out of business.
How many people are involved in Village Scholarships?
Village Scholarships was created by Antonio Adams and his sister Tasha.
What is the vision of Village Scholarships?
Village Scholarships will empower a wider array of people with greater access to education. Students will be able to get an education without debt, and more money will be made available in the form of scholarships and funding provided by non-profits and entrepreneurial organizations.
Where was Village Scholarships located?
Village Scholarships is located in Chicago.
What are the products and services of Village Scholarships?
The only product offered by Village Scholarships is funding for education through scholarships. They will match their donations to the students one-to-one, and they do not charge any fees.
Who was the target market of Village Scholarships?
The target market of Village Scholarships was students and donors. Students could upload a profile, share their successes, and request funding. Donors could then donate directly to their scholarship drive.
What was the benefit of Village Scholarships?
The most notable benefit of Village Scholarship was that it allows donors to give money directly to the students for whom they wish to support. This was not done through prior Crowdfunding efforts.
Was Village Scholarships a scam?
Village Scholarships was not a scam, and it was a true company. It went out of business in 2016.
Was Village Scholarships featured on reality TV?
Ye, Village Scholarships were featured on Shark Tank episode 707 seasons 7.
How did Village Scholarships make money?
Village Scholarships made money directly from the donations they received.
Was Village Scholarships a private or public company?
Village Scholarships was a private company.
Where is Antonio Adams now?
Antonio Adams is now the Founding Partner of a non-profit organization called Loan Adventures LLC. This non-profit provides mentoring and support to young professionals in Chicago.
What is Antonio Adams’ net worth?
The net worth of Antonio Adams is unknown.
