Shark Tank: 2400 professional targets To assist college students Ace Their SATs, Mark Cuban Invests for $250,000

January 29, 2016

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remaining into the tank is 2400 professional in search of $ 250,000 for 10 percent equity.

2400 expert is a test-prep firm that helps college students put together for the SAT and ACT; created with the aid of Shaan Patel, who earned a perfect 2400 on his SAT.

in keeping with their web page, they “provide the easiest reasonable rating growth, the perfect instructors and double the route hours at half of the fee.”

Coming from humble beginnings and a love for training, he wants to assist different students reach success. The direction runs for six weeks and bargains on-line courses, in the beginning beginning as an in-particular person category in Nevada. they’ve finished $ 1.2 million in gross sales.

the online path costs $ 599 and given their newly-provided online direction, students from all over the arena can sign up.

He hopes to use the money to open new areas in main cities. in step with the founder, their goal is the parents of highschool college students, somewhat than the scholars themselves.

Daymond John goes out first, adopted through the sharks questioning his commitment to being an entrepreneur. for this reason, Lori Greiner goes out.

Robert Herjavec likes the speculation but additionally worries about his lack of focal point, so goes out. Kevin O’Leary cites the good thing about it being “recession proof” but in addition dislikes his lack of commitment. He too goes out.

Mark Cuban wonders the place he sees himself in 10 years. After making an allowance for his response, he offers $ 250,000 for 20 %, plus any future trade ventures. He counters 15 p.c, which Cuban rejects. then again, he ends up taking the unique provide.

last deal: Mark Cuban for $ 250,000 for 20 % equity.

What are your thoughts on 2400 professional?

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