Classroom Jams Shark Tank Net Worth 2023
Classroom Jams appeared on Shark Tank season 1 episode 2 in August 2009. The company was founded by Marc Furigay, a high school English teacher who believed his product would allow every child to learn literature and language in a much easier and more jovial way forward.
Classroom Jams was a record company and publishing firm aimed at introducing pupils to classic works of literature.
Furigay appeared on Shark Tank seeking a $250,000 investment in exchange for a 10% interest in the business. This equates to a valuation of $2.5 million.
At the time of the Shark Tank appearance, Classroom Jams was valued at around $250,000. However, after the show aired, Classroom Jams made no sales and is now out of business.
As of February 2023, there is no information available about Classroom Jams’ net worth or Marc Furigay’s net worth. The latest information available is from 2022 when Furigay had an estimated net worth of $13 million USD.
What is Classroom Jams? Who is the Founder of Classroom Jams?
Classroom Jams is a company that was established with the goal of introducing students to classic literature, particularly Shakespeare’s works, in a new and engaging way.
The company offers a variety of class sets covering different subjects, including history and science. Each set includes thirty compact CDs and a teacher’s manual.
The founder of Classroom Jams is Marc Furigay, who spent eight years teaching English in a public high school. He was previously the Director of Education at Street-Level Youth Media and an Instructional Coach at Kaplan K12.
Currently, he is an English teacher at Dyett High School for the Arts. Mr. Furigay holds an M.A.T. in English from the University of Chicago and an M.A. in English from the University of Virginia.
Marc Furigay was motivated to create Classroom Jams by his observation of students’ lack of engagement with literature, particularly Shakespeare’s works.
He wanted to develop a concept that would make lectures more interactive and deepen students’ understanding of literature.
To achieve this, he wrote songs inspired by Shakespeare’s works and produced a copyrighted CD. He is now seeking like-minded partners to help him establish a viable record label and publishing firm.
Prior to appearing on Shark Tank, Marc Furigay had created many songs and planned to establish an educational record label and publishing firm. However, he had not yet implemented his company plan, and thus, had not generated any sales.
Classroom Jams Shark Tank Pitch
Furigay made an appearance on the second episode of the first season of Shark Tank, hoping to secure a $250,000 investment in exchange for a 10% stake in his business, which combined an instructional music workshop with a publishing house.
The Sharks were impressed by Furigay’s musical talents after he performed the first verse of “Jubilee for Juliette,” a song he wrote in response to a student’s request for something personal.
Furigay owned the rights to all of the songs on his album, which he offered for sale at $499 to schools, including student resources and a teacher’s handbook.
However, Kevin O’Leary was angry when he learned that Furigay would not be giving up ownership of the copyright to his songs.
The Sharks were divided on what kind of deal to offer Furigay, with some wanting complete ownership of the business and others offering to let him keep some stock in the company.
In the end, Robert Herjavec took a risk and offered Furigay the entire investment amount in exchange for 100% ownership of the business, with the option to purchase up to 49% of the company at any time, but without any royalty option.
Despite a partnership with educational publisher Houghton Mifflin, Furigay’s business, Classroom Jams, appears to have ceased operations.
Furigay has since become the educational director for Street Level Adolescents Media, a program for Chicago’s inner-city youth, and in 2016 he began teaching English at Chicago’s Dyett High School for the Arts.
Furigay has recently revived his website and is selling instructional materials for Shakespeare’s plays and poetry. He plans to return to school in July 2021 after a year and a half of remote learning due to the Covid-19 pandemic.
Classroom Jams Net Worth
Furigay appeared on Shark Tank season 1 episode 2 in search of a $250,000 investment in exchange for a 10% interest in the business. This equates to a valuation of $2.5 million.
He accepted an offer from the 5 Sharks of $250,000 for 100% of the business thus a valuation of $250,000.
Classroom Jams Competitors
There is no competitor identified for Classroom Jams
Classroom Jams FAQS
What was Classroom Jams?
Classroom Jams was a record company and publishing firm aimed at introducing pupils to classic works of literature.
Who was the founder of Classroom Jams?
Mark Furigay was the founder of Classroom Jams.
How much was seeking in the Shark Tank?
Mark Furigay was seeking $250,000 in exchange for 10% equity.
Did he get the deal from the Shark Tank?
He accepted an offer from the 5 Sharks of $250,000 for 100% of the business thus a valuation of $250,000.
Is Classroom Jams still in business?
Classroom Jams has ceased operations. Classroom Jams was a record company and publishing firm aimed at introducing pupils to classic works of literature.
Although the product received funding, it never gained traction and was eventually terminated.
What happened Shakespeare’s sessions?
The Shakespeare Sessions are available on Furigay’s Wix website, but the music does not appear to be available elsewhere.
Furigay joined the staff at Dyett High School for the Arts in August 2016 as an English teacher, according to his LinkedIn profile.
When was Classroom Jams created?
Classroom Jams was founded in 2007.
Where was Classroom Jams based?
Classroom Jams is based in Chicago, Illinois.
What was the goal of Classroom Jams?
The goal of Classroom Jams was to help teach pupils about Shakespeare, who is one of the greatest authors ever.
When was Classroom Jams featured on Shark Tank?
Classroom Jams appeared on Shark Tank season 1 episode 2 on August 16th, 2009.
How much was Classroom Jams?
Whole album was available for purchase, which costs $499 for schools.
Where is Mark Furigay now?
Marc Furigay is currently an English teacher at Dyett High School for the Arts.
