Sparketh is an online art course platform designed for kids aged 6 to 18, offering lessons from beginner to professional levels.
The platform features over 1,000 art video lessons, which are updated monthly, covering various styles and subjects, including abstract art, animals, food, manga, nature, painting, portraits, and techniques. With a focus on accessibility, Sparketh can be accessed from any device, anywhere.
The platform offers two subscription plans: the monthly plan, priced at $25, provides unlimited access to all video lessons and includes two separate student accounts.
Alternatively, the annual plan is available at $250, offering the same benefits as the monthly plan but with additional perks, such as a $50 discount compared to the monthly subscription and the ability to request specific courses to learn.
| Company Name | Sparketh |
| Founder | Dwayne Walker and Tim Samuel |
| Founded | 2014 |
| Product | online art course platform |
| Asked For | $100K for 8% equity |
| Final Deal | $100k for 20% contingent on making a profit within 6 months |
| Shark | Barbara Corcoran and Daniel Lubetzky |
| Episode (Shark Tank USA) | S13 E3 |
| Air Date | Oct 22, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Atlanta, Georgia, United States |
| Lifetime Worth (Sales) | $1.9M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Sparketh?
Dwayne Walker and Tim Samuel are childhood friends and the co-founders of Sparketh, an online art course company they started in 2014. Both share a passion for business and come from diverse professional backgrounds.
Dwayne Walker serves as the co-founder and CEO of the EdTech company. He is also a graphic designer, having worked as a creative director for CampFire Projects for a year.
Additionally, Dwayne contributed to the Boys and Girls Club of Metro Atlanta as a member of the Technology Steering Committee for four years, where he helped guide technological initiatives.
Tim Samuel, the Co-Founder and Vice President of Sparketh, is also a freelance video editor. He studied at Kennesaw State University and has spent 15 years working as a freelance video editor, honing his skills in creating engaging visual content.
Together, Dwayne and Tim have combined their expertise to foster creativity in children through accessible online art education.
How Was The Shark Tank Pitch Of Sparketh?
Dwayne Walker and Tim Samuel, the co-founders of Sparketh, entered Shark Tank seeking $100,000 for an 8% equity stake in their online art course platform.
They passionately explained their business model, demonstrating how it works by conducting a live painting session with the Sharks. Each Shark created art using different colors to paint a tree leaf, showcasing the ease and fun of their courses.
With only $500 to start, Dwayne and Tim built their website despite lacking technical knowledge, teaching themselves PHP, CSS, and HTML. Dwayne was responsible for creating the courses, while Tim handled video editing.
By 2020, Sparketh generated $300,000 in sales, all from a B2C subscription-based model. The customer lifetime value stood at $160, with a customer acquisition cost of $51.50. Their sales figures reflected steady growth, with $75,000 in 2019 and $110,000 in 2018.
The founders expressed their intention to invest the $100,000 in enhancing their content and website. Tim noted their goal of reaching $500,000 in revenue by 2021.
However, Lori Greiner stated she wasn’t an “app person” and opted out, while Kevin O’Leary questioned how he would recoup his investment and ultimately decided to withdraw as well. Mark Cuban also declined to invest.
Barbara Corcoran offered $100,000 for a 20% equity stake but made it contingent on proving profitability within six months.
Daniel Lubetzky then joined forces with Barbara, extending the same offer. Dwayne and Tim accepted their joint proposal, marking a significant milestone for Sparketh.
Finalize: Daniel Lubetzky and Barbara Corcoran Invest $100K in ‘Sparketh’ for 20% Equity + contingent on making a profit after 6 months.
What Happened To Sparketh After Shark Tank?
The deal with Daniel Lubetzky and Barbara Corcoran on Shark Tank proved to be a promising partnership for Sparketh.
Daniel assured the founders that he would guide the business toward growth, despite it not being profitable at the time of their pitch. Mark Cuban pointed out that many art course videos are available for free on YouTube, which raised concerns about competition.
As of October 2020, Sparketh employed three art instructors, one art director, and one content manager, with plans to hire more as the company expanded.
Both Barbara and Daniel expressed their excitement about the investment on Twitter, celebrating the partnership that hinged on proving profitability within six months.
As of December 2022, there was no confirmed evidence of whether the deal had been finalized. However, the Sparketh website remained active, attracting around 100,000 visitors in October 2022.
We will continue to monitor Dwayne Walker and Tim Samuel, along with their company, for further updates.
What Is Sparketh Net Worth?
As of October 2022, there is limited information available regarding Sparketh’s sales report, making it challenging to determine the company’s current valuation. Based on available insights, it is estimated that Sparketh’s worth might be around $0.6 million.
Yes, Sparketh is still in business as of December 2022.
