Notehall is an online platform designed for buying and selling class notes and study guides, allowing students to easily share and access valuable study materials. The platform earns a commission on every transaction, providing a revenue model that benefits both the sellers and the service itself.
When students browse for notes, they can preview 30% of the content before making a purchase decision, enhancing their buying experience.
Initially launched at Arizona State University and Kansas State University, Notehall saw a significant 40% increase in student participation, indicating a strong demand for this resource among students.
| Company Name | Notehall | |
| Founder | DJ Stephan and Sean Conway | |
| Founded | 2007 | |
| Product | Online Class Note & Study | |
| Asked For | $90k for 10% equity | |
| Final Deal | $90k for 25% equity | |
| Shark |  Barbara Corcoran | |
| Episode (Shark Tank USA) | S1 E8 | |
| Air Date | Oct 6th, 2009 | |
| Business Status | acquired by Chegg Inc | |
| Website | Visit Website | |
| Headquarters | San Francisco, California, USA | |
| Lifetime Worth (Sales) | $10M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Notehall?
Both DJ Stephan and Sean Conway are the co-founders of Notehall, a platform they launched in 2007 to facilitate the buying and selling of class notes and study guides. DJ Stephan later became the co-founder and board chairman of Streamline Company in 2022. Meanwhile, Sean Conway is currently the founder of Conway Visionary Ventures, continuing his entrepreneurial journey.
How Was The Shark Tank Pitch of Notehall?
Stephan and Sean, both college students, pitched their startup, Notehall, on Shark Tank, seeking $90,000 in exchange for 10% equity in their company. They offered a 100% money-back guarantee to students dissatisfied with their notes.
In the eight months since launching, the platform processed 5,900 credit card transactions, generating $30,000 in revenue, with an average transaction value of $4. The platform retains 60% of each transaction, while note providers receive 40%.
During their pitch, Kevin Harrington and Daymond John declined to invest. Sean projected that Notehall would generate $24 million in revenue within four years. Kevin O’Leary proposed $90,000 for 51% equity, while Barbara Corcoran offered the same amount for 50% equity.
In response, Sean countered with a proposal of $90,000 for 15% equity, adding a condition that if the company failed to reach $1 million in revenue within two years, they would surrender their shares to the investor.
Kevin revised his offer to $90,000 for 35% equity, and Barbara countered with $90,000 for 25% equity. Robert Herjavec entered the fray with an offer of $115,000 for 35% equity, prompting Kevin to match it.
Ultimately, Robert and Kevin teamed up to propose $90,000 for 25% equity, but Stephan and Sean chose to accept Barbara’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Barbara Corcoran | $90k for 50% equity (#1) $90k for 25% equity (#2) |
 Kevin O’Leary | $90k for 51% equity (#1) $90k for 35% equity (#2) $90k for 25% equity (#2) (Robert) |
 Robert Herjavec | $115k for 35% equity (#1) $90k for 25% equity (#2) (Kevin) |
 Daymond John | No Offer |
 Kevin Harrington | No Offer |
| Founder’s (Countered) | $90k for 15% equity |
| Final Deals | $90k for 25% equity |
Notehall Shark Tank Update
Notehall successfully secured a deal on Shark Tank, with Barbara Corcoran investing $90,000 for 25% equity in the company. Within four years, Notehall generated millions in sales, leading to its acquisition by Chegg in 2011.
Although the exact acquisition amount was not disclosed, Form D indicates that Notehall received $3.7 million in equity. Since then, there has been no further tracking of the business’s developments.
What Is Notehall’s Net Worth?
Notehall’s net worth is estimated to be $0 million, as the company was acquired by Chegg Inc. in 2011. Chegg is an American education technology company that offers various educational services.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2007-11 | $10M *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| 2009 | $90k | Barbara Corcoran |
| 2011 | N/A | Chegg Inc |
After the acquisition, the founders worked at Chegg for several years before pursuing separate ventures.
The official address of Notehall was located in San Francisco, California, United States.
No, Notehall was acquired by Chegg Inc. in 2011.
