S.T.E.M. Center USA Shark Tank Update

S.T.E.M. Center USA Shark Tank Pitch

Melissa Jawaharlal and Lavanya Jawaharlal appeared on Shark Tank Season 7, Episode 6, which aired on October 30, 2015, with inspiring children and adults to become involved in science, technology, engineering and mathematics.

S.T.E.M. Center USA is listed in the Education category. In plain terms, the business is described as inspiring children and adults to become involved in science, technology, engineering and mathematics.

S.T.E.M. Center USA asked the Sharks for $150,000 for 15%, implying a valuation of about $1 million.

On the show, S.T.E.M. Center USA made a listed deal with Lori Greiner for $200000 for 10%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, up from the original $1 million implied valuation.

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

S.T.E.M. Center USA After Shark Tank

S.T.E.M. Center USA accepted an on-air Shark Tank deal for $200000 for 10%. The on-air deal did not close. Follow-up reporting lists the company as in business. (Stem Center Shark Tank Update – Lori Greiner’s $200K Deal

S.T.E.M. Center USA reported annual revenue of $2 million as of January 2023. (Stem Center Shark Tank Update – Lori Greiner’s $200K Deal

They claim to have served over 20,000 students. (Stem Center Shark Tank Update – Lori Greiner’s $200K Deal

Stem Center launched a new Kickstarter, called the Fiat LUX wearable electronics kit, on the night their segment aired. (Stem Center Shark Tank Update – Lori Greiner’s $200K Deal

They said they would use their investment from Lori to start franchise paperwork so they could expand Stem Center nationwide. (Stem Center Shark Tank Update – Lori Greiner’s $200K Deal

Sources

Sources used for this page: Shark Tank API pitches