Academic Transcription Net Worth 2024 Update

Academic Transcription Net Worth 2024 Update

As of the beginning of 2024, Academic Transcription’s net worth is over $ 3 million. Also, the company has approximately $ 1.5 million in annual revenue. In May 2018, Academic Transcription Appeared on Shark Tank Season 04, episode 05 of Shark Tank Australia, and made a deal with Glen Richards for $ 300,000 for 40% of equity. So, Glen Richards has made over $ 120,000 through Academic Transcription for an investment of $300,000. Also, the company is still in business in January 2024. Let’s find out how it has reached this success over the years.

Academic Transcription Net Worth 2024

Net worth$3 million
Annual Sales Revenue$ 1.5 million
Profits
Lifetime sales
InvestorGlen Richards
FounderLaura Meldon
Employees20

Academic Transcription was valued at $1.5 million and increased profits with the recognition after the show. It aimed to acquire $300 000.

Also, the Academic Transcription net worth in 2024 is $3 million.

Academic Transcription Sales And Revenue

Academic Transcription Sales And Revenue
Academic Transcription Sales And Revenue

Academic ranscription, was worth $1.5 million when it appeared on the show.

The founder created this business to support her love for acting. In the last financial year, her company made $1.39 million in revenue, with a profit of $400,000.

In 2018, the revenue was $1 million; by 2022, it had grown to $2.8 million. The growth rate was an impressive 69.46%.

Followingly it is expected to increase its revenue by over 3 million at the end of 2024.

Net Worth Timeline

Academic Transcription’s Current Net Worth (2022) $3 million
Academic Transcription’s Current Net Worth (2022) $2.8 million
Academic Transcription’s Net Worth Before Appearing on Shark Tank$1 million
Academic Transcription’s Net Worth Before Appearing on Shark Tank$1.5 million

How Much Did Glen Richards Make From Academic Transcription?

Glen Richards offered $300,000 for 40% of equity and got the deal with the Academic Transcription. The deal went through well and was finalized with gaining $1.12 million at the end of 2022 for Glen Richards.

Also, he gained around $1 million in his share value at the end of 2023. So, according to these figures, he has earned revenue of over $2 million from Academic Transcription.

Competitors Of The Academic Transcription

Many other transcription-producing companies, like Pacific Transcription, Outscribe Transcription and Triple- A Transcription are the competitive companies with similar service.

Don’t miss these products from Season 04

The Academic Transcription Shark Tank Update

Company nameAcademic Transcription
ProductAudio and video transcription service for e-learning platform
EpisodeSeason 04 Episode 05
FounderLaura Meldon
Asked For$300k for 20%
Final Deal$300k for 40%
SharkGlen Richards
LocationQueensland Australia

“Academic Transcription” was featured on Shark Tank USA in September 2016.According to Academic Transcription official website.

The business is still continuing & thriving with over 25 universities taking their services. Also it claims that they have helped in transcription services for students of over 10Million transcriptions.

What Is Acadamic Transcription?

What Is Acadamic Transcription?
What Is Acadamic Transcription?

The Academic transcription company prioritizes meeting the e-learning needs of universities and colleges regarding Equality & Accessibility. Its located in Australia.Their services offer complete transcription and captioning solutions.

They’re breaking new ground with an Australian-first e-learning platform, that provides transcripts of audio and video footage to academic e-learning platforms.(Specifically for video captioning, lecture transcription, and academic research interviews.)

Academic Transcription Founder

An aspiring actress,  Laura Meldon a star performer who lived in New york. She was the inventor of the company “ Academic Transcription”.

She originally entered the business as an independent transcriber before producing her own little business in 2012, also occupying a similar business 10 times its size at 2015.

Now, Laura divides her time between working on her business and travelling for her acting job. She said that she has spent the last five years on cruise ships and flying in and out of London, her home city of Brisbane and New York — where she plays Off Broadway.

FAQ

Is Acadamic Transcription Still In Business?

Yes Acadamic Transcription is still in business in January 2024

Who Invested In Academic Transcription?

Glen Richards

What Is Academic Transcription Revenue?

It has $1.5 million annual revenue by the begining of 2024.

What Was The Academic Transcription Profit?

Acadamic Transcription had around $400k profit at the time appearing on the show.

What Is Academic Transcription Net Worth In 2024?

It has over $3 million net worth.

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