This write-up will help you discover more the details of Prepwell Academy Shark Tank about the emergence of a school preparatory that focuses on the training of high school students.
Are you a businessperson? Do you wish to start a new venture in the near future? Are you a fan of the cult real-life business show? Are you interested in learning more the latest products? Read further to learn all the essential information.
In this article we’ve talked about one of the products that are featured in the famous business reality television series. People, especially students from various countries which includes those from the United States, are eager to know more about the products. Thus, you should check out this page for the complete details about Prepwell Academy Shark Tank.
About Prepwell Academy’s Appearance in Shark Tank
Prepwell academy An online platform that focuses on preparing high school students to be successful in the classroom, was included as a guest on Shark Tank at the end of 2020. PrepWell’s founder PrepWell offered his demand for worth in order to secure financial aid from investors, or “sharks.”
Phil Black, the man behind PrepWell said the idea behind his venture was to help teens decide on their future with confidence. But the sharks were not in agreement with his vision and he was unable to sign the deal. However, Phil strived to continue his business and PrepWell is growing in popularity.
How Much is Prepwell Academy Worth ?
When Phil was on Shark Tank, he projected the value of his school at $500,000. He demanded a share 20 percent of that amount from investors. In the other words, he wanted $100k from “sharks.”
Even though PrepWell was not able to make it into the hearts of Shark Tank investors, Phil was able to increase his revenue. According to Internet sources, up to the last fiscal year the annual profits of PrepWell surpass $900,000.
What is PrepWell?
PrepWell can be described as an online portal designed to prepare students in grades 9 and 10 to prepare them for their careers. PrepWell is accessible as both a website and mobile application. It gained popularity following its appearance on the Prepwell Academy Shark Tank appearance.
Students who are subscribers can watch short videos, which range from up to three minutes in length. These videos help teens to be clear about their future engagement. The cost of a monthly subscription to PrepWell will be $14.95.
Who is the Founder of PrepWell?
The founder of PrepWell Is Phil Black. After completing the MBA through Harvard’s Business School at Harvard, Phil Black was involved in a number of initiatives. This included firefighting, working for the Navy and college athletics investment banking, and more.
He came up with the idea of beginning PrepWell after consulting his sons who were teens. The PrepWell platform is highly Prepwell Academy worth because of his commitment. Phil personally offers one on one counseling sessions for the students. The videos assist parents and students determine their next direction.
Why Was Prepwell Academy at Shark Tank Unsuccessful?
Phil Black had formerly participated in Shark Tank in 2014. It was to draw investors’ attention to a fitness-focused project known as FitDeck. So, investors were aware of the rationale behind his strategy. But, the sharks of 2020 felt that PrepWell wasn’t worthy of investment. They believed that Phil was not convincing that this project would earn the money it would generate.
The Closing Thoughts About Prepwell Academy Shark Tank
The failure of PrepWell on the Shark Tank didn’t stop Phil Black from growing his business. It’s clear by his social media profiles that PrepWell is gradually gaining recognition. Additionally, the platform assists many students make decisions on their future plans and help them gain admission to top colleges.
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