SharkTank’s Mark Cuban Invests $300k in DARTdrones

Mark Cuban is the proprietor of the NBA’s Dallas Mavericks and now he’s a ten p.c proprietor of drone coaching firm, DARTdrones.  On Friday’s episode of SharkTank, Cuban was fast to simply accept CEO Abby Speicher’s pitch and phrases – $300,000 for 10% possession.

Cuban, an everyday on SharkTank made his fortune in the early days of the web. Founding Audionet which later grew to become, Cuban bought it to Yahoo! for almost six billion . Since that point, Cuban has been an lively investor in the expertise sector.

Speicher began DARTdrones whereas incomes an MBA in Entrepreneurship at Babson College in 2015. Her dad, Chris Speicher is listed on their web site because the Chief Visionary Officer (and an educator in entrepreneurship).

DARTdrones is the nationwide chief in drone coaching, session, and skilled assist for brand new drone pilots. Our mission is to supply the best high quality coaching on Unmanned Aerial Systems to make sure the secure integration of drones into the nationwide airspace.
We imagine that drones are going to vary the world, and we wish to assist the FAA implement this superb expertise by selling security, complete understanding of the tools, and data of the present rules. We delight ourselves on our pleasant, educated, and skilled flight instructors who provide quite a lot of expertise in the aviation trade. We are an thrilling crew based mostly in Scranton, PA providing coaching programs all through the United States.

Abby instructed the Sharks that DARTdrones had generated over $500,000 in gross sales in 2016 and projected 2017 gross sales to hit the million greenback mark. She mentioned that the brand new capital can be utilized to expanded curriculum growth. Cuban, who is taken into account to be an skilled in funding timing, apparently feels that he has discovered the proper firm on the proper time.

DARTdrones will not be the primary drone firm to boost cash on the favored present. XCraft raised 1.5 million in late 2015 from the 5 sharks.

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