Sparketh Net Worth 2021

Sparketh is a United States-based online art education platform. It offers courses for children from 6 to 18 years old. The courses are designed for everyone, from beginners to experts. They cost $25 per month. In exchange for that, subscribers receive access to the entire course library, as well as a money-back guarantee. Parents can also watch the progress of their kids through the parent portal.

Tim Samuel and Dwayne Walker are the two founders of Sparketh. Before the business was launched, both worked in the video editing industry. Both have been friends since childhood. A few years ago, they decided to start their own business. At the time, they were looking for funding to improve their website. So they turned to Shark Tank.

Barbara Corcoran and Daniel Lubetzky are the investors who invested $100,000 in the company. Barbara agreed to provide 20% of the equity in the company in return for the condition that it would be profitable within six months.

Robert Herjavec is the other investor in the firm. He appeared on the international version of Shark Tank. Known as a leader in information security, he started several IT businesses. As a child, he emigrated from Croatia to Canada. When he was young, he waited tables. Currently, he is a member of the US Chamber of Commerce’s Task Force for Cybersecurity.

In addition to its investment from Barbara and Daniel, Sparketh was also funded by celebrity investor Daniel Lubetzky. Lubetzky has a net worth of $100 million, and has made several investments, including KIND Snacks and Scrub Daddy. One of his most recent investments was in the healthcare business. His latest venture is expected to increase his wealth.

Initially, the business was not profitable, but as it has grown, it has received positive feedback from its customers. It is especially popular among homeschooling parents. This is because it enhances kids’ self-esteem and problem-solving abilities. Some of the features of the site include downloadable PDFs, a blog, and videos based on different art designs.

Tim and Dwayne would like to expand the company into other markets. For this purpose, they have hired a few art instructors. These instructors are talented creatives and eager to share their experiences.

Sparketh also has a money-back guarantee for its subscribers. Customers can cancel their subscription through the company’s website. Subscribers will then receive a $50 discount on the annual plan. Depending on the size of the school, the price of the course may vary. Typically, subscribers stay with the company for one year. However, they can gift a Sparketh year to their loved ones.

Despite the financial concerns, the sharks viewed the business with optimism. They were impressed with the sales potential of Sparketh in the year 2020. Even though it is a new company, the business model is relatively simple and works on a subscription basis. Moreover, its mission is well-aligned with that of the sharks.

Currently, Sparketh has two subscription plans. One of them is a 30-day free trial. Afterward, the user has to pay $250 a year for the program. Alternatively, they can pay a one-time fee of $25.