Sparketh Shark Tank Update | Sparketh Net Worth

Sparketh, as featured on episode 03 of season 13 of Shark Tank, is an online art platform designed to help children aged 6 to 18 learn creative art skills through engaging lessons, courses, and tutorials.

The Sparketh was created by Dwayne Walker and Tim Samuel from Atlanta, Georgia, and features art topics such as animals, food, manga, and abstracts.

The platform features thousands of course videos, monthly 1-on-1 mentorships, and downloadable course files, providing kids with the flexibility to practice art at their own pace.

Sparketh offers an affordable subscription-based model with monthly payments of $25 or annual payments of $250, making art education accessible to children of every experience level.

The platform has received positive feedback from parents and students for its convenience, affordability, and the quality of instruction provided by talented artists and mentors.

With its innovative approach to teaching art and commitment to nurturing children’s creativity, Sparketh stood out on Shark Tank as a promising educational tool for young aspiring artists.

Company NameSparketh
FounderDwayne Walker and Tim Samuel
ProductKids and teens’ online art education platform
Investment Seeking$100,000 for 8% equity
Final Deal Accepted$100,000 for 20% contingent on making a profit within 6 months
Shark NameBarbara Corcoran and Daniel Lubetzky
EpisodeSeason 13, Episode 03
Business StatusIn Business
WebsiteVisit Website
Net Worth$1.25 Million

What Is Sparketh?

Sparketh is an online platform offering art education for children aged 6 to 18 through a vast library of over 1000 art video lessons. The platform provides unlimited access to courses taught by talented mentors covering various art styles and techniques.

Sparketh aims to make learning art fun, effective, and accessible by offering bite-sized video lessons that cater to different interests and skill levels.

Sparketh Shark Tank Update | Sparketh Net Worth

Additionally, the courses on Sparketh are designed to be family-friendly and can be completed using basic art supplies available at home.

The company offers monthly and annual subscription plans priced at $25 and $250, respectively, providing unlimited access to video lessons and additional features.

Who Is The Founder Of Sparketh?

Tim Samuel and Dwayne Walker are the co-founders of Sparketh. Tim Samuel, a professional artist, and Dwayne Walker, a visionary with a passion for better art education, joined forces to create Sparketh.

The idea stemmed from Walker’s desire for a resource like Sparketh during his youth to enhance his artistic skills. Samuel, though not an artist himself, recognized the need for improved and affordable art education.

Together, they envisioned Sparketh as a platform to empower individuals to explore their creative potential.

Dwayne Walker expressed how having access to a platform like Sparketh during his formative years would have significantly impacted his artistic development.

He emphasized the importance of accessible and comprehensive art education, believing that creativity can be nurtured in anyone.

Tim Samuel echoed this sentiment, highlighting the transformative power of encouraging individuals to pursue their creative interests. Their shared vision led to the creation of Sparketh, aiming to democratize art education and inspire creativity in all.

Before its appearance on ‘Shark Tank,’ Sparketh had already established itself as a leading e-learning platform for children aged 6 to 18.

With over 1000 engaging video lessons created by talented mentors, Sparketh offered a diverse range of art styles and techniques for aspiring young artists. The platform’s user-friendly interface and family-friendly content made it a go-to resource for art education.

Sparketh’s commitment to providing quality art education at an affordable price resonated with parents and children alike, setting the stage for its successful pitch on ‘Shark Tank.’

How Was The Shark Tank Pitch Of Sparketh?

During their Shark Tank Season 13 pitch, Dwayne Walker and Tim Samuel presented Sparketh, an online art education platform for kids and teens. Tim and Dwayne, co-founders of Sparketh, entered the Shark Tank seeking $100,000 in exchange for 8% equity in their company.

Sparketh is an online art education platform for kids and teens, offering over 1,000 art video lessons taught by specialized mentors. It provides features like short video lessons and virtual art portfolios.

Entrepreneurs sought $100,000 for 8% equity, but ended up accepting $100,000 for 20% equity from Barbara Corcoran and Daniel Lubetzky.

Sparketh Shark Tank Update | Sparketh Net Worth

Despite initial challenges with their business model, the duo’s passion for inspiring young artists resonated with the Sharks.

Barbara Corcoran saw potential in their vision, leading to the final investment offer. The deal not only provided the necessary funding but also mentorship opportunities from both investors.

This partnership has propelled Sparketh’s growth, with an estimated annual revenue of $1.5 million post-Shark Tank, showcasing the platform’s commitment to fostering creativity in aspiring artists.

Investment Offers:

  • Barbara offered $100,000 for 20% equity, contingent on proving profitability within six months.
  • Kevin expressed interest but raised concerns about valuation and profitability, ultimately deciding not to invest.
  • Other Sharks went out due to concerns about differentiation and revenue sustainability.

Shark Investment Table

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted by Founders
Barbara$100,000 for 20%Accepted with contingencyYes

In the end, Tim and Dwayne accepted Barbara’s offer of $100,000 for 20% equity, along with her condition to prove profitability within six months. This marked a successful deal for Sparketh on Shark Tank.

Despite facing some challenges with their business model, Dwayne Walker and Tim Samuel secured a deal with Barbara Corcoran and Daniel Lubetzky on Shark Tank Season 13.

The investment has helped Sparketh grow its annual revenue to an estimated $1.5 million, offering various art courses and attracting a loyal following on social media.

Did Sparketh Get a Deal on Shark Tank?

Sparketh did secure a deal on Shark Tank with Barbara Corcoran and Daniel Lubetzky. They offered $100,000 for a 20% equity stake, contingent on the company proving profitability within six months.

Dwayne Walker and Tim Samuel, the founders, accepted the offer. This partnership has the potential to propel Sparketh’s growth and success in the online art education industry.

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What Happened To Sparketh After Shark Tank?

After their appearance on Shark Tank, Sparketh presented their online art education platform to the sharks, securing interest from both Barbara and Daniel.

Despite the initial excitement and tweets about the deal, there is uncertainty regarding whether the partnership came to fruition.

However, Sparketh persevered post-show and continues to operate successfully in 2024. They offer a wide range of art video lessons for kids and teens through subscription plans, currently featuring a generous 60% discount on fees.

With courses such as Realism Portrait, Watercolor Techniques, and Manga characters, Sparketh caters to aspiring young artists by providing engaging and educational content.

Moreover, Sparketh actively collaborates with teachers, schools, and organizations to expand their reach and impact in the realm of remote art education.

This strategic approach demonstrates their commitment to enhancing the accessibility of art learning for children across various platforms.

The exposure gained from their Shark Tank appearance significantly contributed to Sparketh’s achievement of revenue goals in 2021, underscoring the positive impact of the show on their business trajectory.

As Sparketh continues to evolve and grow, interested individuals can visit their website to explore the diverse array of art courses available and stay updated on the latest developments by following their social media channels.

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Sparketh Shark Tank Update

After appearing on Shark Tank in Season 13, Sparketh, the online art education platform, experienced both challenges and successes in its business journey.

During their appearance on the show, founders Tim Samuel and Dwayne Walker secured a deal with Barbara Corcoran and guest shark Daniel Lubetzky.

The deal involved a $100,000 investment in exchange for 20% equity in the company, with the condition that Sparketh must become profitable within six months.

Sparketh Shark Tank Update | Sparketh Net Worth

Following the Shark Tank episode, Sparketh saw an increase in profitability. The company’s revenue stream primarily comes from selling online art courses through a subscription model.

Customers can choose to pay $25 per month or opt for an annual subscription at $250.

Before Shark Tank, Sparketh was valued at $1.25 million based on the founders’ initial offer of 8% equity for $100,000.

After the deal with Barbara and Daniel, the valuation was adjusted to $500,000. The current net worth of Sparketh beyond 2022 remains undisclosed.

Despite the ups and downs, Sparketh remains operational and continues to expand its offerings. The platform provides a wide range of art courses catering to different skill levels and interests, with a focus on creativity and self-expression.

In the online education sector, Sparketh faces competition from platforms like Cambium Learning, Brilliant, and Abwaab.

While these competitors offer diverse courses, Sparketh distinguishes itself through its emphasis on art education and creativity.

Although specific user numbers are not publicly available, Sparketh has likely built a growing user base since its establishment in 2016.

The company’s profitability post-Shark Tank indicates a positive reception among its target audience.

Sparketh’s journey post-Shark Tank reflects a blend of challenges and achievements. With ongoing operations, a commitment to creativity, and a competitive edge in the online education market, Sparketh continues to strive for success in empowering young learners through art education.

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What Is the Net Worth Of Sparketh?

According to our research, Sparketh’s net worth is estimated to be $1.25 million. The valuation of Sparketh was $500,000 after securing an investment from Barbara Corcoran and Daniel Lubetzky on season 13 of Shark Tank.