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Sparketh Net Worth 2023 Update (Before & After Shark Tank)

Sparketh, the online art education for kids and teens, was started by Dwayne Walker and Tim Samuel on March 7, 2014. As of August 2023, Sparketh net worth is $1.25 Million and Sparketh hit its $500,000 goal for 2021 sales. This suggests that the company’s sales were increasing and it was on track to meet its financial targets.

On Oct 22, 2021, they appeared on Season 13 of Shark Tank USA and made a deal with Barbara Cocoran and Daniel Lubetzky, for $100,000 for 20% equity. The final valuation was $500,000, down from the founder’s initial estimate of $1.25 Million.

Sparketh is still in business as of 2023. The company offers a 60% discount on its subscription fees, through its official website.

Sparketh Net Worth

Net worth$1.25 Million (Business valuation)
Annual Sales Revenue$ 500,000 (In 2021)
Profits
Shark Tank InvestorBarbara Cocoran and Daniel Lubetzky
FoundersDwayne Walker and Tim Samuel
Employees25

Sparketh Net Worth Timeline

Net Worth 2023$1.25 Million
Net Worth 2021$1 Million
Net worth valuation 2019 after appearing on Shark Tank  $500,000
Net worth valuation 2019 before appearing on Shark Tank  $1.25 Million

Sparketh Pitch on Shark Tank

Company nameSparketh
ProductOnline art education for kids and teens
EpisodeSeason 13 Episode 03
Founders Dwayne Walker and Tim Samuel
Asked for$100,000 for 8% equity
Final deal$100,000 for 20% equity, contingent on profit after six months
SharksBarbara Cocoran and Daniel Lubetzky
LocationTucker, Georgia

Sparketh Founders

Sparketh was founded by Dwayne Walker and Tim Samuel in 2014. Dwayne Walker and Tim Samuel are the co-founders of Sparketh. Before starting Sparketh, Dwayne was the creative director, and Tim freelanced as a video editor. Sparketh’s founders, Dwayne Walker and Tim Samuel, have a net worth of USD 1.25 Million as of 2023.

Key accomplishments:

YearAccomplishment
2023Sparketh offers over 1,000 art class videos covering various creative subjects, including Manga Characters, Elements of Art and Design.
2023Being featured in publications such as Forbes and The Washington Post
2021Appearing on the popular TV show Shark Tank in 2021

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 Spretz and its continued success.

What do you think?

Written by GAG Team

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