Is 2400 Expert (Shark Tank) Still In Business
2400 Expert, formerly known as Prep Expert, continues to thrive in the SAT and ACT preparation industry. Since its appearance on Shark Tank, where Mark Cuban invested $200,000, the company has experienced significant growth.
Annual revenues have quadrupled to over $5 million, showcasing its enduring success in the competitive test preparation market.
Founder Shaan Patel’s innovative approach and effective strategies have propelled the company forward, making it a prominent player in the education sector.
The net worth of 2400 Expert, now known as Prep Expert, is estimated to be $5 million. After an investment from Mark Cuban on Shark Tank, the company’s valuation was $1.25 million.
Shaan Patel founded Prep Expert, formerly known as 2400 Expert to help students excel in standardized tests like the SAT and ACT.
Through his own experience of achieving a perfect SAT score and overcoming educational challenges, Shaan developed Prep Expert to offer high-quality test preparation courses both online and in-person.
Key Details from The Text:
| Details | Information |
| Company | 2400 Expert (now Prep Expert) |
| Founder | Shaan Patel |
| Product/Service | SAT/ACT prep courses (online and in-person) |
| Ask on Shark Tank | $250,000 for 10% equity |
| Deal Received | $250,000 for 20% equity from Mark Cuban ( 1 Million valuation) |
| Company Net Worth | Estimated $5 million (as of April 2023) |
| Company Revenue | $4 million annually (after Shark Tank appearance) |
| Team Size | Expanded from 10 to 50 members |
| Notable | Helped thousands of students improve SAT/ACT scores significantly. Founder overcame challenges to get perfect SAT score and graduate from USC and Yale. |
2400 Expert Business Shark Tank Update
During the pitch, Shaan Patel, the founder of 2400 Expert, sought a $250,000 investment for a 10% stake in his SAT prep company.
After facing some queries from the sharks regarding customer acquisition, business strategy, and commitment, Shaan ultimately struck a deal with Mark Cuban for $250,000 in exchange for a 20% stake in the company.
Despite some negotiation attempts, the deal was accepted as originally proposed by Mark Cuban.
2400 Expert, now operating under the name Prep Expert, is indeed still in business following its appearance on Shark Tank. Since its feature on the show, the company has expanded its offerings and grown significantly in the SAT and ACT preparation market.
Founder Shaan Patel’s innovative strategies and effective business model have propelled Prep Expert to achieve annual revenues of over $5 million. Mark Cuban’s investment of $200,000 into the company has contributed to its growth and success.
| Shark | Offer Made | Demand | Counteroffer | Accepted? |
| Barbara Corcoran | N/A | N/A | N/A | N/A |
| Kevin O’Leary | N/A | N/A | N/A | N/A |
| Lori Greiner | N/A | N/A | N/A | N/A |
| Mark Cuban | $250,000 | 20% | N/A | Yes |
| Robert Herjavec | N/A | N/A | N/A | N/A |
| Daymond | N/A | N/A | N/A | N/A |
2400 Expert Shark Tank Net Worth
While the exact net worth of 2400 Expert, now known as Prep Expert, post-Shark Tank is not explicitly stated, the company has experienced significant growth since its appearance on the show.
With annual revenues quadrupling to over $5 million and continued success in the SAT and ACT preparation industry, it’s evident that the company holds substantial value.
Mark Cuban’s investment of $200,000 into the company indicates a strong financial backing, contributing to its overall net worth.
Shaan Patel Net Worth
Shaan Patel’s net worth is around $1 million, although some of his income comes from sponsorships and paid speaking engagements and not all from his business ventures.
Shaan Patel is the founder of 2400 Expert, now rebranded as Prep Expert. He started the company after achieving a perfect SAT score himself and realizing the need to help other students succeed on standardized tests.
Shaan’s journey began with his own struggles in school and his determination to excel despite challenges. He started by offering SAT preparation courses locally and expanded his business over time.
As for Shaan Patel’s net worth, specific information about his current net worth is not readily available.
However, considering the success and growth of his company, along with his appearances on Shark Tank and other endeavors, it’s reasonable to infer that his net worth is significant.
Shaan Patel Prep Expert Journey
Shaan Patel’s journey with Prep Expert has been marked by remarkable success and dedication. Raised in Las Vegas, Patel attended public schools and achieved a perfect SAT score, which became the foundation for his SAT preparation business.
Initially known as 2400 Expert, Patel’s company gained recognition after appearing on Shark Tank, where Mark Cuban invested $200,000.
Following the show, Patel rebranded the company as Prep Expert and expanded its offerings. With an emphasis on innovative strategies and high-quality instruction, Prep Expert has grown substantially, achieving annual revenues exceeding $5 million.
Patel’s educational background, including degrees from the University of Southern California, Yale University, and Temple University Hospital, equipped him with the knowledge and skills to lead the company to success.
Through his entrepreneurial journey, Patel has become a prominent figure in the education industry, sharing his expertise through books and media appearances.
His commitment to helping students achieve their academic goals has solidified Prep Expert’s position as a leading provider of SAT and ACT preparation services.
Patel’s story serves as inspiration for aspiring entrepreneurs, showcasing the power of determination, innovation, and perseverance in building a successful business from the ground up.
