Marc Sparks is a highly successful and experienced entrepreneur. The Austin, Texas, native graduated from high school in 1975. Since then, he has been involved in numerous entrepreneurial ventures, startups and successful businesses.
With an impressive 34-year entrepreneurial career, Marc Sparks has earned himself the title of the entrepreneur’s entrepreneur. And true to the title, Sparks started the Spark Tank program to assist social service entrepreneurs with much needed financing to fund their operations.
Sparks’ passion clearly lies in building companies from scratch, especially from ideas that others are quick to dismiss. He runs a large portfolio of private companies under his firm, Timber Creek Capital, LP.
Whenever he comes across a good business idea, with great potential for success, he nurtures it by establishing a whole business model and company culture. He also establishes its long-term and short-term goals.
Philanthropic Endeavors and Birth of Spark Tank
Marc Sparks’ door is always open for entrepreneurs. He is famed for his real time enthusiasm that people close to him call ‘Sparks Speed’. It was this great enthusiasm for supporting business ideas that prompted the Dallas-based entrepreneur to start Spark Tank.
However, another key reason behind the idea was his long term business partner Lynne Sipiora. The two met over 15 years ago when they started a homeless shelter together called The Samaritan Inn.
The shelter’s first location was a dilapidated house based in McKinney, Texas. Together, the pair managed to build the shelter into a huge annual operation to the tune of $3,000,000. Today, it provides food for about 200 people on a daily basis.
Marc Sparks and Sipiora also built a transitional living complex and a thrift store in North Texas. Currently, plans are underway to construct a family shelter worth $7,000,000.
Due to their philanthropic success, Sipiora managed to convince Sparks to start investing in ideas from social service entrepreneurs. This would empower great ideas and turn them into successful ventures with real social benefits to the society.
The idea was to fund grants to these ventures and effectively oversee accountability. Learn more about Marc Sparks: http://www.goodreads.com/author/show/9661324.Marc_Sparks
Spark Tank is a highly innovative concept started in Texas that seeks to fund ideas from social service entrepreneurs and create a successful venture. This not only empowers entrepreneurs, but also creates employment and has many societal benefits.
How the Program Works
Interested applicants must submit their applications by the set deadline date. Each submitted application will then be reviewed carefully and three finalists shortlisted.
The finalists must later present their ideas before a Spark Tank panel where they will be given 10 minutes for their presentation followed by a Q&A session.
Read more: Spark Tank