Sparketh Net Worth 2021
Sparketh is an online art education platform for kids. It offers different courses that are designed for youngsters between six and eighteen years old. These include drawing, painting, baking and more. The company’s subscription rates start at $25 per month, with an annual plan for $250. However, its main focus is on the homeschool market. In 2020, the company gathered sales of approximately 475,000 dollars.
The founders of Sparketh, Tim Samuel and Dwayne Walker, are former friends and fellow entrepreneur who have been in the business industry since they were young. Several years after founding their startup, they decided to enter Shark Tank in order to expand their business. They were fortunate to meet Barbara Corcoran and Daniel Lubetzky, who saw the potential of the company.
Both Barbara and Daniel agreed to invest $100,000 in Sparketh for a 20% equity stake. They also agreed to financially support the company for at least 6 months. The company’s founders then pitched the idea to Mark Cuban and Lori Greiner. Their pitches were well received by the viewers of ‘Shark Tank’.
As of December 2022, the company has been in business for over two years, and it is estimated that the net worth of the company will reach $500,000. The income of the company depends on the number of subscribers it has. Most of the customers remain with the company for about a year.
Despite the success of the company’s online subscription based business, the company faces some challenges in keeping subscribers. Fortunately, the company has a good track record and has been receiving positive feedback from its customers. This makes it likely that the company will have a prosperous business in the United States.
Since its debut on ‘Shark Tank’, Sparketh has accumulated several positive reviews and has been successful in recruiting the services of professional artists. Its instructors are talented, experienced and passionate. They work closely with their students and are ready to share their experiences and knowledge.
Sparketh aims to improve the lives of young people through an online art education platform. There are three Art Instructors who work with the company. Each instructor has their own specialization and works closely with their students. Aside from delivering the courses, they also take customized classes with the students. Using videos, the instructors teach the art lessons.
Besides offering art education, Sparketh has launched baking and cooking classes. It is a subscription-based company, which means that customers will have to pay a monthly or yearly fee to access the entire course library. Users will have the option to choose the level of difficulty and the art medium.
The company has been featured on ‘Shark Tank’ in Season 13. Tim Samuel appeared in Episode 3 and asked for $100,000 in exchange for an 8% equity in the company. During the episode, Dwayne Walker was hesitant to offer the same amount of money, and he wondered whether or not Sparketh was really a business.