What Happened to STEM Center USA after the Shark Tank?
What exactly is STEM Center USA?
STEM Center USA is a never-ending source of information and inspiration for youth. The crew is enthusiastic, friendly, and completely dedicated to providing a positive experience for all children.
In 2011, Melissa and Lavanya Jawaharlal established the STEM Center USA. Their goal is to share their enthusiasm for engineering with kids in middle school, high school, and college.
Melissa works at Raytheon Space and Airborne Systems, and Lavanya is a student at the University of California, Berkeley’s Mechanical Engineering department.
The STEM Center USA has a physical location in Claremont, California, where students may learn about STEM principles in a hands-on, immersive learning environment. For children of all ages, the STEM Center provides a range of activities.
The STEM Center USA presents a variety of public programs aimed at educating the general public about engineering, science, technology, and math.
They are regarded as committed community builders with a strong inventive work ethic. Melissa Jawaharlal and Lavanya Jawaharlal In recent years, the STEM Center has sponsored a number of conferences.
Who are the brains behind STEM Center USA?
Melissa and Lavanya Jawaharlal founded the STEM Center USA in 2011. Their objective is to instill a love of engineering in middle school, high school, and college students.
Melissa works at Raytheon Space and Airborne Systems, while Lavanya attends the University of California, Berkeley’s Mechanical Engineering department.
The STEM Center USA has a physical site in Claremont, California, where kids may learn about STEM principles via hands-on activities.
The two young women are well-suited to their jobs. Melissa is the STEM Center’s CEO as well as a Raytheon Space and Airborne Systems engineer.
She studied at the University of Edinburgh in Scotland and at the University of Southern California, where she got a Bachelor of Science in Mechanical Engineering (USC).
The STEM Center, situated in Pomona, California, provides a variety of after-school activities focusing on STEM principles for kindergarteners through college-aged students.
Students pay a $1295 yearly membership fee, plus additional expenses for classes that need the purchase of additional materials.
Students get access to an endless number of classes as part of their membership. They also deliver their curriculum at local schools and have gone to other countries with it.
Many of their programs are based on robotics, which they employ using their PI Robot. The sisters raised nearly $100,000 on Kickstarter in April 2014 to finance the endeavor.
The PI Robot is a kit that allows students to build a rather complex robot for the modest cost of $75. Using the PI Robot instead of lecturing gives students hands-on experience.
What Happened to STEM Center USA’s Pitch on Shark Tank?
The Jawaharlal sisters are most likely expecting a Shark to assist them with expanding their facilities to other places, since they both came to the pitch with an incredible education firm proposal.
Lavanya and Melissa arrive on Shark Tank in search of $150,000 for a 15% ownership in their firm, which is valued at $1 million.
They explain why they founded their learning center and the aim of a STEM curriculum. The Stem Center membership fee is between $1400 and $1800 per year, plus $135 per month. They had 85 members at the time of recording and generated a profit of $135,000.
Chris Sacca reminisces about their PI Bot Kickstarter. He admires the ladies because he has two kids, and he feels Lavanya and Melissa have a strong sense of purpose.
Kevin states that the wheel has too many spokes and that he is out of the deal. Robert claims he went out; the company because he believes it is too tough to scale.
Mark believes that they are too open-ended, but he believes they will work; therefore he has walked out of the deal.
Their value, according to Sacca, is enormous, and he anticipates that colleges will approach them to establish programs. He offers $150,000 for a 25% stake in the firm at a $600,000 value.
Lavanya and Melissa demand a $1 million valuation because their 2016 sales are estimated to be $2.5 million. Sacca says he doesn’t need the money, but he’d want to know what their purpose is.
Sacca asserts that she does not wish to hear a counter-offer. Lori offers $150,000 in exchange for 20% equity in the firm, which is worth $750,000.
When Sacca asks what they need from a Shark, they say they need help with franchising. He further claims that he would not reveal the deal with Lori and that he will reduce his bids to $150,000 for 22.5% ownership with a $666,667 worth.
Lavanya and Melissa ask Lori if she will take $200,000 for 20% equity shares in their business with a $1 million valuation, and Lori accepts the offer, and they exited the pitch with a deal.
What happened to STEM Center USA after it was featured on Shark Tank?
Lori and the two sisters’ agreement never came to fruition, but the firm is still in business. The Stem Center launched a new Kickstarter campaign called the Fiat LUX wearable electronics kit on the same night their Shark Tank piece aired.
They indicated that after the Lori purchase is finished, they would use Lori’s funds to start franchise paperwork in order to expand Stem Center nationally.
During the Covid-19 outbreak, they offered virtual classes. They claim to have served over 20,000 students. As of 2021, their annual revenue is $2 million.
STEM Center USA’s net worth
The firm was valued at $1 million during the pitch, and they have sold their services. The company’s net value is expected to reach $1.6 million in 2021.
STEM Center USA FAQs
What is STEM Center USA’s headquarters?
The STEM Center was founded in Claremont, California, but they also have facilities in Pomona. They deliver their curriculum at local schools as well as in other countries.
How many countries is the STEM Center USA in?
The STEM Center has facilities in 7 countries, including in England, Sweden, Finland, France, Japan, Mexico, and Australia.
The Stem Center membership fee is between $1295 and $1800 per year. Students get access to an endless number of classes as part of their membership. They deliver their curriculum at local schools and have gone to other countries with it.
What are the STEM Center USA’s main services?
The Stem Center’s main service is their after-school STEM programs, which they focus on robotics. They have created a robotics kit called the PI Robot that allows students to build a rather complex robot for the modest cost of $75.
How does STEM Center USA work?
The STEM Center’s classes are delivered by robotics. Computer-controlled robots act as tutors, instructing children about STEM principles and giving them hands-on experience.
How long is STEM Center USA in business?
The Stem Center was founded in 2011 by Melissa and Lavanya Jawaharlal.
Is STEM Center USA profitable?
The Stem Center was profitable for the two years before their product appeared on Shark Tank. The firm generated a profit of $135,000 and had 85 members at the time of recording.
How can a student join the STEM Center USA?
Students can join by calling the Stem Center or by filling out an application. The robotics classes are open to students from age 6 to 18 and are held at local schools.
How much does STEM Center USA charge per student?
The STEM Center charges $140 per month for around 5 students. Students get access to unlimited classes and the PI Robot kit is included in their fees. Members can come and go as they please during our week-long sessions, which are held in a local school at different times each week.
What was their offer on Shark Tank?
Lavanya and Melissa came on the show to ask for $150,000 in exchange for 20% equity in their firm.