Prepwell Academy Net Worth 2023 Update (Before & After Shark Tank)

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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
InvestorNone
FounderPhil Black
Employees1-10 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 namePrepwell Academy
ProductA new and creative online mentoring program that guides students (and their parents) through high school and the constantly changing college admissions process
EpisodeSeason 11 Episode 18
Founder Phil Black
Asked for$100,000 for 20% equity
Final dealNo Deal
Shark No Sharks
LocationSan 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

YearAccomplishment
2020The company appeared on Shark Tank Season 11.
2021As 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.