Prepwell Academy, an innovative, online mentoring program, was started by Phil Black in 2014. As of November 2023, Prepwell Academy’s net worth is $1 million and they’re pulling in a whopping $900K in annual revenue.
In 2020 April they appeared on Season 11 of Shark Tank USA seeking $100,000 for 20% equity valuing the company at $500K. But the Sharks were not interested in investing in Prepwell Academy. The Sharks weren’t sure if the company could make enough money, and one by one, they said no to the offer.
The company is still in business, even though they didn’t secure a deal. They’ve successfully assisted high school students in preparing for college admissions. You can explore their services on their website.
Prepwell Academy Net Worth
| Net worth | $1 million |
| Annual Sales Revenue | $900K |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Phil Black |
| Employees | 1-10 employees |
Prepwell Academy Net Worth Timeline
| Net Worth 2023 | $1 million |
| Net Worth 2022 | $1 million |
| Net Worth 2021 | $900K |
| Net worth valuation 2020 before appearing on Shark Tank | $500K |
Prepwell Academy Pitch on Shark Tank
| Company name | Prepwell Academy |
| Product | A new and creative online mentoring program that guides students (and their parents) through high school and the constantly changing college admissions process |
| Episode | Season 11 Episode 18 |
| Founder | Phil Black |
| Asked for | $100,000 for 20% equity |
| Final deal | No Deal |
| Shark | No Sharks |
| Location | San Diego, California, United States |
Don’t miss these product from Season 11
Prepwell Academy Founder
Prepwell Academy was founded by Phil Black in 2014. Phil Black, a military veteran and former aide to Senator Joseph Lieberman (I-CT). Prepwell Academy’s founder, Phil Black, has a net worth of 1 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2020 | The company appeared on Shark Tank Season 11. |
| 2021 | As of December 2021, PrepWell Academy makes more than $900,000 in sales every year. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Prepwell Academy and its continued success.
