What Happened to Village Scholarships after Shark Tank? Village Scholarships Shark Tank Update
What is Village Scholarships? Who is the founder of Village Scholarships?
Village Scholarships is a website that allows students to crowdfund their educational expenses by creating a campaign and seeking donations from the public. The funds are then paid directly to the student’s chosen college.
The founder of Village Scholarships, Antonio Adams, started the company in Denver, Colorado, after losing his own athletic scholarship and being inspired to find a more efficient way to pay for education.
Along with his sister Tasha, he created an online platform that streamlines the scholarship application process and also allows for microloans.
Both students and donors can create profiles on the website to facilitate contributions. The company is currently in beta testing and offering free premium services to the first 500 users.
What Happened to Village Scholarships at Shark Tank pitch?
On Shark Tank episode 707, Tasha and Antonio Adams presented their concept for Village Scholarships, a platform that helps students locate scholarship funds through crowdfunding.
They were seeking an investment of $125,000 in exchange for a 10% stake in their company, which they valued at $1.25 million.
The platform operates by allowing users to set up a profile and share it with their social network to raise funds. Village Scholarships keeps 8.5% of all funds raised.
The Sharks were interested in how Tasha and Antonio paid for their own college education. Tasha received a full academic scholarship, while Antonio had to give up a basketball scholarship due to an injury.
Robert was skeptical that friends and family would be willing to pay an additional 8.5% for the service, and so he dropped out of the deal.
Mark also dropped out, stating that he wanted to see more tangible results from the platform. Sacca liked the idea, but felt that it needed further development.
Lori and Mr. Wonderful also dropped out, with Lori stating that it was too early. Tasha and Antonio left the pitch without securing an investment.
What Happened to Village Scholarships after Shark Tank?
It appears that Village Scholarships, the concept presented by Tasha and Antonio on Shark Tank, failed to gain traction after the show.
Without the backing of a Shark Tank investor and a solid business plan, the company was unable to grow and eventually shut down.
The website for the company is no longer active, and their social media accounts have been inactive for some time.
There are other platforms for crowd-funding tuition such as HoneyFund and PlumFund, the competition in this space is fierce, and it’s crucial to stand out with a unique approach.
Village Scholarships, however, it failed to establish a community of support and the idea could not come to reality. The company halted its operations by 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.