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What Happened to PrepWell Academy After Shark Tank?

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As high school graduation looms, every student faces a pivotal moment filled with uncertainty.

The looming question of college acceptance consumes their thoughts, leaving them anxious about their future. It’s during this turbulent time that PrepWell Academy emerges as a beacon of guidance and support.

Founded by Phil Black, an esteemed MBA graduate from Harvard Business School and Yale University alumnus, PrepWell Academy was born from the belief that preparedness is a learned skill.

With a mission to demystify the college admissions process, Phil’s vision empowers students from ninth grade onward to navigate the complexities of higher education.

Through a comprehensive online platform, PrepWell Academy equips students with the tools and knowledge they need to succeed. From strategic planning to cultivating essential life skills, the curriculum fosters a culture of readiness for the challenges that lie ahead.

With a focus on elite university admissions and athletic scholarships, PrepWell Academy offers invaluable guidance to aspiring students and their families. Accessible for just $14.95 per month, the platform provides bite-sized courses covering everything from project management to motivation, ensuring that students are well-prepared for the journey ahead.

Recognizing that senior responsibilities often demand more time, PrepWell Academy also offers a range of resources, including a free ‘college admissions snapshot’ activity sheet and tutorial video, to support parents who may be unsure about their next steps.

In a landscape fraught with uncertainty, PrepWell Academy stands as a steadfast ally, guiding students toward a brighter future with confidence and clarity.

PrepWell Academy at a Glance:-

IdeaOnline college admissions and preparation tutoring
FoundersPhil Black
Asked For$100,000 for 20% equity
Accepted DealNo deal
SharksNo Shark
Business statusIn Business
Episode No.Season 11
Buy on AmazonBuy Now!

Index:

Founder Story:

Over the past thirty years, Phil Black has amassed a list of remarkable accomplishments that includes being a DI college athlete, a Navy SEAL Officer, an investment banker at Goldman Sachs, a bootstrap entrepreneur, a two-time Shark Tank participant, a Johnson & Johnson human performance coach, a firefighter, a husband, and the father of four sons.

He graduated from Yale University with a bachelor’s degree and Harvard Business School with an MBA.

Phil’s three sons attend the United States Naval Academy, his fourth son is still in high school, and his two oldest children, identical twins, are attending Yale University on Navy ROTC scholarships.

PrepWell Academy, established by Phil Black, employs a novel strategy to get high school students (as well as their parents) ready for the demands of the college admissions process.

His unique program, which is offered online, focuses on preparing students (freshmen and sophomores) for highly selective colleges (like Stanford, Ivy League, and MIT), military service academies (like West Point’s Naval Academy), and those pursuing ROTC or athletic scholarships.

Did PrepWell Academy get a deal on Shark Tank?

Black was back to being a father of four teenage sons after selling his first business venture, FitDeck, to Implus.

He wanted to gather materials to assist his sons in submitting college applications.

He tested his kids and found that although they were all technically and intellectually capable, none of them had interesting personalities or stories to share.

Consequently, this dadpreneur started making a challenging and enjoyable resource for his own kids.

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He was aware of his adolescent boys’ interests, but in order to carry out his plan, he needed additional knowledge, so he volunteered to be a college admissions counsellor and high school mentor.

His skills as a mentor and counsellor led him to develop the nation’s best college admissions resource.

Moreover, Phil Black is the first person to have made two appearances on Shark Tank with two different businesses.

Despite FitDeck’s inability to close a deal in 2014, Black’s impressive track record won over investors.

Black subsequently sold his company for a huge profit, and he later returned to the Sharks with an online college admissions tutoring firm.

The Sharks did not bite, despite Black’s brilliant proposal, and he did not get the $100,000 investment he had pitched for.

What happened to PrepWell Academy after Shark Tank?

The Prepwell Academy is still going strong, and Phil has started sending his members weekly emails in addition to a podcast. In addition, he has added a couple of additional programs to his repertoire.

You can also work with Phil one-on-one for mentoring.

Phil wants to run early childhood education programs for students in high school. The creator of the software hasn’t given up even if no deal was struck.

What’s the net worth of PrepWell Academy?

However, as of this writing, there is no information available regarding the number of members he has.

Based on our analysis, the company’s annual revenue from all operations comes to about $900,000. It’s estimated net worth is $500,000.

Is PrepWell Academy still in business?

Even though Prepwell Academy did not get a contract from the sharks, it is still in operation.

But even if the business kept growing at its current rate, it would not face any difficulties because it was turning a healthy profit.

Phil was probably going to carry on his promise because this wasn’t his first trip in the Shark Tank and it wasn’t his first rejection either.

With about 1,100 Facebook fans and less than 1,000 Instagram followers, Prepwell does not have a sizable social media presence.

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FAQs:

What is PrepWell Academy?

A website and app called PrepWell Academy helps students through this difficult time in their lives by preparing them for college admissions challenges as early as the ninth grade. The idea for this project originated with Phil Black, an MBA from Harvard Business School and a graduate of Yale University.

Phil believes that being prepared is a taught ability, and PrepWell seeks to impart that knowledge with regard to the college application process. Students proceed through their high school careers with the help of the online academy, which prepares them for college by teaching them what, when, and how to do things.

Planning and readiness are among the other lifelong skills that are taught by the curriculum and approach. The advice concentrates on getting into elite universities and even helps those who want to pursue athletic scholarships.

Parents and students can access all of the online content for $14.95 per month. There are three to five minute courses that cover projects, life skills, motivation, deadline reminders, and guidance. Sometimes senior duties take more than five minutes. A free ‘college admissions snapshot’ activity sheet and tutorial video are available to parents who aren’t sure if this is the correct move for them.

What's the net worth of PrepWell Academy?

Though, as of this writing, there is no information available regarding the number of members he has. Based on our analysis, the company’s annual revenue from all operations comes to about $900,000. It’s estimated net worth is $500,000.

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