Storage Scholars Shark Tank Net Worth-What Happen to Storage Scholars after the Shark Tank?
Storage Scholars Shark Tank Net Worth
As of March 2023, Storage Scholars is still in business with a net worth of $2.5 million. Storage Scholars is a company founded in 2017 by Sam Chasson and Matt Gronberg.
Their product is a storage solution targeted toward students, making storage easy for them. During their appearance on Season 14 Episode 4 of Shark Tank USA, they asked for $250K for a 5% equity, valuing their company at $5 million.
They ended up making a deal with Mark Cuban for $250K for a 10% equity, valuing their company at $2.5 million.
Storage Scholars is a company that provides storage and moving services for students. It operates at 48 schools across the United States and had already pulled in $1.86 million in revenue by the time it appeared on Shark Tank in October 2022.
On the show, Mark Cuban offered the founders a $250,000 investment deal for 10% equity in their company.
The founders accepted Cuban’s offer on slightly different terms after receiving four offers from the Sharks.
It is important to note that net worth can fluctuate over time due to various factors such as changes in business revenue or personal investments. Therefore, it is possible that Sam Chasson and Matt Gronberg’s net worth may have changed since the last reported figure in 2022.
What Is A Storage Scholar? Who Is The Founder Of Storage Scholars?
Storage Scholars is a company that provides storage and moving services to college students. The company was founded in 2017 by two former Wake Forest University classmates, Sam Chason, and Matt Gronberg.
They started the business as a way to make extra cash to pay down their college debts by charging their classmates to pack up their belongings and store them between school years. Storage Scholars has undergone 100% year-over-year growth since its inception in 2017.
Storage Scholars provides custom boxes that are tailored for student storage and are the sturdiest in the business. The company supplies all the essentials to pack and safely store all items, and a fellow student will come to grab the things at a time that is convenient for the customer.
The cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student on average, which includes delivering empty boxes, tape, and other packing supplies as well as pickup, summer storage, and delivery of the boxes to students’ new dorm rooms for the next academic year.
The company operates at 48 schools across the United States. All workers who pack and move the boxes are college students themselves.
Storage Scholars also offers shipping services anywhere in the USA for those who don’t have enough room in their luggage or need help shipping boxes due to changes in plans such as transferring or taking a semester off.
What Happened To Storage Scholars At The Shark Tank?
Sam and Matt were wheeled out in a large Storage Scholars box, excitedly popping out of it. Seeking an investment of $250,000 for 5% of their company, the entrepreneurs present their innovative idea to the audience with enthusiasm.
During the pitch on Shark Tank, Lori Greiner inquired about the company’s sales for the current calendar year. Sam and Matt disclosed that their company had generated over $1.8 million in gross revenue.
Upon hearing the impressive financial figures, Kevin O’Leary made an offer of $250,000 for a 20% stake in the company. Daymond John quickly followed suit with the same offer, while Lori Greiner decided to bow out.
Robert Herjavec made an offer of $500,000 for a 20% equity stake. Mark Cuban had not yet made an offer, but he eventually offered $250,000 for a 12% equity stake.
With four offers on the table, Sam and Matt ultimately chose to accept Mark’s offer on slightly different terms. The final agreement was $250,000 for a 10% equity stake.
Is Storage Scholars Still Business?
Storage Scholars is still in business. The company was founded by Sam Chason and Matt Gronberg at Wake Forest University and has since spread to more than 48 schools across the U.S. Storage Scholars provides boxes, tape, and packing supplies for college students moving to and from school.
The company also offers pickup, summer storage, and delivery of the boxes to students’ new locations. In October 2022, Storage Scholars appeared on Season 14 Episode 4 of Shark Tank where they received an investment of $250,000 for 10% equity from Mark Cuban.
As of October 2022, the cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student on average.
Summary Table: Storage Scholars Shark Tank
| COMPANY NAME | STORAGE SCHOLARS |
| Founded by | Sam Chasson and Matt Gronberg |
| Founded in | 2017 |
| Industry | Storage and moving services for college students |
| Net worth | $2.5 million (as of March 2023) |
| Shark Tank pitch | Season 14 Episode 4 |
| Shark Tank offer | $250K for a 10% equity from Mark Cuban |
| Revenue | $1.86 million by October 2022 |
| Valuation | $5 million during the pitch, $2.5 million after deal |
| Schools served | 48 schools across the United States |
| Average cost | $559 per student, including delivery and storage |
Note: It is possible that the net worth and other financial figures may have changed since the last reported figures in 2022.
Storage Scholars Shark Tank Updates
Storage Scholars is a storage company that caters specifically to students. The company was founded in 2017 by Sam Chason and Matt Gronberg, who appeared on Shark Tank in 2022 seeking a $250,000 investment for a 5% stake in the company.
The pitch valuation was $5 million, and the investment was accepted by Mark Cuban, Daymond John, Robert Herjavec, and Kevin O’Leary.
Since appearing on Shark Tank, Storage Scholars has become a full-fledged business that operates at 48 schools across the United States. The company had already pulled in $1.86 million in revenue by the time they taped their Shark Tank episode.
The cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student, on average, and includes delivering empty boxes, tape, and other packing supplies, as well as pick up, summer storage, and delivery of the boxes to students.
All the workers who pack and move the boxes are college students themselves, meaning the company is “creating high-paying jobs on campus,”.
The founders of Storage Scholars, who were both terrified at the thought of student debt, built the company in college, which allowed each of them to graduate debt-free.
How Does Storage Scholars Shark Tank Work?
Storage Scholars is a company that provides packaging, storage, and transportation services for student items. The company appeared on Shark Tank in season 14, episode 4.
The founders of Storage Scholars, Sam Chasson, and Matt Gronberg, asked the Sharks to join them on their mission to empower students across America to graduate debt-free.
The company operates at 48 schools across the US and employs college students to pack and move boxes, creating high-paying jobs on campus. The cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student, on average.
What Was The Valuation Of Storage Scholars During Their Pitch On Shark Tank?
During their pitch on Shark Tank in 2022, Storage Scholars offered $250,000 for 5% equity, which valued the company at $5 million. The founders, Sam Chasson and Matt Gronenberg accepted an investment from Mark Cuban, who invested $250,000 for a 10% equity stake in the company.
How Many Schools Are Storage Scholars Currently Operating In?
Storage Scholars is currently operating at 48 schools across the United States. The company had already generated $1.86 million in revenue by 2022, and all the workers who pack and move the boxes are college students themselves.
The company’s packing, moving, and storage service costs about $559 per student, on average, and includes delivering empty boxes, tape, and other packing supplies, as well as pick up summer storage, and delivery of the boxes to students.
What Happen To Storage Scholars After The Shark Tank?
Storage Scholars is a company that offers secured storage space to students where they can store everything from small belongings to bedding and furniture. The company was founded in October 2016 by Sam Chason and Matt Gronberg when they were in college.
They appeared on Shark Tank in season 14 episode 4 and asked for $250,000 for a 5% equity at a $5 million valuation. Mark Cuban invested $250,000 in Storage Scholars in return for 10% equity.
After appearing on Shark Tank, Storage Scholars became a full-fledged business that operates at 48 schools across the U.S. By October 2022, the company had served a total of 7,400+ customers. The cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student, on average.
The founders said that this includes delivering empty boxes, tape, and other packing supplies, as well as pick up, summer storage, and delivery of the boxes to students.
All the Storage Scholars workers who pack and move the boxes are college students themselves, meaning the company is “creating high-paying jobs on campus,” Chason said.
The founders started the business because they didn’t want to be overburdened with loans. They built Storage Scholars in college, which allowed each of them to graduate debt-free.
How Have Storage Scholars Grown Since Appearing On Shark Tank?
Storage Scholars is a company that provides packing, moving, and storage services to college students.
The company appeared on Shark Tank in October 2022, seeking a $250,000 investment for a 5% stake in their company. Mark Cuban invested in the company, and since then, Storage Scholars has grown significantly.
Storage Scholars is now a full-fledged business that operates at 48 schools across the U.S. The company had already pulled in $1.86 million in 2022 revenue by the time they taped their “Shark Tank” episode.
All the Storage Scholars workers who pack and move the boxes are college students themselves, meaning the company is “creating high-paying jobs on campus,” said Sam Chason, one of the founders.
The cost of Storage Scholars’ packing, moving, and storage service runs about $559 per student, on average, according to the founders.
This includes delivering empty boxes, tape, and other packing supplies, as well as pick up, summer storage, and delivery of the boxes to students’ new dorm rooms. The company has grown significantly since its first year when it had a bare fraction of its current figure.
What Is The Current Valuation Of Storage Scholars After Shark Tank?
The current valuation of Storage Scholars after Shark Tank is not explicitly stated. However, the company’s pitch valuation during the show was $5 million. The founders of Storage Scholars, Sam Chasson, and Matt Gronenberg, asked for $250,000 for a 5% equity stake in their company.
Mark Cuban, Daymond John, Robert Herjavec, and Kevin O’Leary were the Sharks who invested in Storage Scholars. The winning counteroffer was made by Mark Cuban, who offered $250,000 for a 10% equity stake in the company.
Storage Scholars is a storage solution designed specifically for students. The company was founded in 2017 and is still active to this day.
It operates at 48 schools across the United States and had already pulled in $1.86 million in revenue by the time they taped its Shark Tank episode.
The company’s packing, moving, and storage service costs around $559 per student, on average, and includes delivering empty boxes, tape, and other packing supplies, as well as pick up, summer storage, and delivery of the boxes to students new dorm rooms for the following school year.
In conclusion, while the current valuation of Storage Scholars after Shark Tank is not explicitly stated in the search results, the company’s pitch valuation during the show was $5 million, and Mark Cuban invested $250,000 for a 10% equity stake in the company.
Storage Scholars is a storage solution designed specifically for students and operates at 48 schools across the United States.
