Shark Tank Update
Shark Tank Pitch
Notehall Shark Tank Update
Published:
2m
Tucson, AZ
| Name | Notehall |
|---|---|
| Main Presenters | D.J. Stephan and Sean Conway |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2011 |
| Main Location | Tucson, AZ Loading Map |
| Order Shown in Episode | 1 |
| Final Deal | Offer made from sharks |
Notehall Shark Tank Pitch
Sean Conway was at the University of Arizona when he was diagnosed with—wait for it—ADHD. More notably, he and D.J. Stephan joined forces to create a website called Notehall, where people can buy and sell class notes.
Within eight months of launching at the University of Arizona, over 40% of the students used Notehall, resulting in $30k of revenue.
We're going to make you $24 million in revenue in four years. I'll bet half my company on it.
Kevin O'Leary, Robert, and Barbara are all interested and start selling their merits to Sean and D.J., who ultimately choose Barbara. Barbara was ecstatic to beat the guys for the deal.
Kevin uncharacteristically followed D.J. and Sean out the doors to tell them they had made a mistake but was kind and wished them luck.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $90k for 10% of Company | |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Offered | Kevin O'Leary | $90k for 51% of Company |
| Sharks | Offered | Barbara Corcoran | $90k for 50% of Company |
| Company | Offered | $90k for 15% of Company | |
| Sharks | Offered | Kevin O'Leary | $90k for 35% of Company |
| Sharks | Deal Never Closed | Barbara Corcoran | $90k for 25% of Company |
| Sharks | Offered | Robert Herjavec | $115k for 35% of Company |
| Sharks | Offered | Kevin O'Leary | $115k for 35% of Company |
| Sharks | Offered | Kevin O'Leary, Robert Herjavec | $90k for 25% of Company |
Kevin Harrington
Out
Daymond John
Out
Kevin O'Leary
Offered
Barbara Corcoran
Deal Never Closed
Robert Herjavec
Offered
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 3 | 4 |
Notehall After Shark Tank
Perhaps Kevin's parting words spooked D.J. and Sean because the deal never went through.
In season 3, episode 4, we got an update that Notehall sold to Chegg, a competitor in the space, for an undisclosed price, which made each D.J. Stephan and Sean Conway millionaires. Sean and D.J. also got jobs to continue to work at Chegg.
According to Sean Conway's LinkedIn https://www.linkedin.com/in/seanmconway, Chegg, acquired Notehall in 2011 for $3.7 million. Sean Conway continued to work at Chegg for some time before starting another company, Pillow, a short-term property management company that sold to Expedia Group in 2018.Link Preview
LinkedIn
D.J. Stephan works at a real estate software company called SkySlope according to his LinkedIn https://www.linkedin.com/in/d-j-stephan-6b4b1213.Link Preview
LinkedIn
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