2400 Expert Shark Tank Update

2400 Expert Shark Tank Pitch

Shaan Patel appeared on Shark Tank Season 7, Episode 15, which aired on January 28, 2016, with online ACT and SAT prep courses.

2400 Expert is listed in the Education category. In plain terms, the business is described as online ACT and SAT prep courses.

2400 Expert asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, 2400 Expert made a listed deal with Mark Cuban for $250,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2.5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

2400 Expert After Shark Tank

2400 Expert accepted an on-air Shark Tank deal for $250,000 for 20%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (2400 Expert Shark Tank Update

2400 Expert reported annual revenue of $4 million. (2400 Expert Shark Tank Update

Shaan has gained from his Shark partnership as well. (2400 Expert Shark Tank Update

In 2016, Shaan created a Kickstarter campaign for a book he co-authored with Mark Cuban and a 16-year-old entrepreneur, Ian McCue. (2400 Expert Shark Tank Update

Prep Expert gets an update segment in episode 801, the season 8 premier. (2400 Expert Shark Tank Update

The official website for 2400 Expert is listed as prepexpert.com. (2400 Expert website

Sources

Sources used for this page: Shark Tank API pitches