Education is expensive, and financial aid can be an ordeal. Tasha and Antonio Adams created Village Scholarships to help friends and family assist their students with the costs of education. This crowdfunding platform is extremely sharable and can offset tuition costs. What will the sharks think of this platform on
Shark Tank Village Scholarships Update
- Entrepreneurs: Tasha and Antonio Adams
- Business: Crowdfunding scholarships platform
- Ask: $125,000 for 10% equity
- Result: No deal
- Shark: None
Tasha and Antonio explained how their platform, Village Scholarships, worked. They take about 8.5% of any donated funds. Any other donations made by friends and family were sent directly to the student’s college accounts. The shareability allowed multiple users to donate whatever amounts they could.
However, the sharks failed to see how the company was different from other crowdsourcing platforms. Robert Herjavec said it was basically a way to donate. He didn’t think that friends and family would pay the 8.5% fee to make a donation, so he went out.
Kevin O’Leary followed because he invested in similar programs – namely, Honeyfund and Plumfund. Lori Greiner thought Tasha and Antonio were there too early. Meanwhile, guest shark Chris Sacca appreciated the ideas but not the execution. He went out, too.
Mark Cuban was the last shark to leave the deal. He said he wished they had a tangible product to back, but they didn’t. As a result, Village Scholarships left the tank without a deal. Find out how they are doing now in our Village Scholarships update.
Unfortunately, we’ve got some bad news for Village Scholarships. The company went under due to a lack of any type of solid business plan. Research for our Village Scholarship update revealed that the website is dark and the social media accounts haven’t been updated in quite a while.
It looks like those looking to crowdfund their education will have to look to other platforms. This will be our final Village Scholarships update.
Don’t forget to take a look at our other company updates on the products featured in Season 7 Episode 14. You can find them here:
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!