Classroom Jams Shark Tank Update (Season 1)

Classroom Jams is an education record label and publishing house that appeared on Shark Tank Season 1 Episode 2. The founder of this business, Mark Furigay, is an English teacher and he provides education to children through music.

Furigay is a teacher and he had become very frustrated seeing the lack of engagement of students towards studies. Then he came up with the idea of ​​Classroom Jams so that he could teach the most difficult subjects to the students with a unique tune.

For this business idea, Mark Furigay appeared on Shark Tank Season 1 Episode 2 and asked the Sharks for $250,000 for 10% equity at a $2.5 Million Valuation. 5 Sharks Kevin O’Leary, Kevin Harrington, Barbara Corcoran, Daymond John, and Robert Herjavec bought 100% ownership of this business by paying $250,000.

What Is Classroom Jams?

Classroom Jams is an education record label and publishing house business that teaches students complex topics such as Shakespeare through music. This business makes money by selling music records.

Company NameClassroom Jams
FounderMark Furigay
Founded2007
ProductEducation Record Label and Publishing House
Asked For$250k for 10% equity
Final Deal$250k for 100% equity
SharkAll 5 Sharks
Episode (Shark Tank USA)S1 E2
Air DateAug 9th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersChicago, Illinois, USA
Annual Worth (Sales)$10M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Classroom Jams?

Mark Furigay founder of Classroom Jams
Image credit by ABC Shark Tank

Mark Furigay is the founder of Classroom Jams Business and is also an English teacher at Dyett High School for the Arts. He started his teaching career at Chicago Public Schools.

How Was The Shark Tank Pitch Of Classroom Jams?

Founder Mark Furigay After Entering Shark Tank, He Asked Sharks $250k for 10% Equity After this, Founder Furigay Explained His Business to the Sharks and the Sharks Liked This Business Idea.

Furigay composed and played the song “Jubilee for Juliette” to the sharks and all the sharks liked this music very much. One class set costs $499 and includes 30 classes and a tutor guide.

Furigay is planning to make an album on the next history, and science subject. Kevin O’Leary told Furigay to step away for a while and leave us alone. Kevin told all the sharks that he liked this business idea and asked all the sharks to team up for 100% equity.

Kevin O’Leary plus other sharks met and offered $250k for a 5% royalty on profits for 100% of the company. Robert Herjavec made a single offer of $250k for 51% equity. Furigay rejected Robert’s offer because he had to deal with 5 sharks.

After thinking for a long time, Furigay accepted the offer of 5 sharks.

SharksOffers
Barbara Corcoran Barbara Corcoran$250k for a 5% royalty on profits for 100% of the company (#1) with 4 sharks
Kevin O'Leary Shark Tank Profile Kevin O’Leary$250k for a 5% royalty on profits for 100% of the company (#1) with 4 sharks
Robert Herjavec Robert Herjavec$250k for a 5% royalty on profits for 100% of the company (#1) with 4 sharks
$250k for a 51% equity (#2)
Daymond John Daymond John$250k for a 5% royalty on profits for 100% of the company (#1) with 4 sharks
Kevin Harrington Kevin Harrington$250k for a 5% royalty on profits for 100% of the company (#1) with 4 sharks
Founder’s (Countered)No Counters
Final Deals$250k for a 5% royalty on profits for 100% of the company

What Happened To Classroom Jams After Shark Tank?

Classroom Jams Got a Deal in Shark Tank. All 5 Sharks Kevin O’Leary, Kevin Harrington, Barbara Corcoran, Daymond John, and Robert Herjavec invested $250k in exchange for a 100% stake in this company.

We did not get any new information about this business from 2009 to 2015. In 2016, Mark Furigay joined Dyett High School for the Arts as an English teacher.

Many educational albums are being sold on mfurigay’s Wix website. It includes The William Shakespeare Funk, The Jubilee of Juliet Part 1, The Jubilee of Juliet Part 2, Hamlet’s Theme, Ophelia, The Tragedy of Macbeth, Lady Macbeth Blues, and Acoustic Interlude.

Till 2024, not much information related to this business is available on the internet.

Classroom Jams Shark Tank Update

After getting a successful deal in Shark Tank, all 5 Sharks have tried to grow this business but till now the progress report of this business has not come. The official website of this business also does not exist on the internet and the social handles are not working properly.

What Is Classroom Jams’s Net Worth?

Classroom Jams’s net worth is estimated at $0 million. Educating students through music is a very good concept and students will be able to concentrate on it. However, this type of business cannot be sustained in the long term.

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.

YearsAnnual Revenue
2023$0M *estimated
2022$0M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2009$250kKevin O’Leary, Kevin Harrington, Barbara Corcoran, Daymond John, and Robert Herjavec

Is Classroom Jams Still In Business?

There is not much information available on the Internet regarding Classroom Jams and there is no official handle of this business, it seems that the company is now out of business.

No, Classroom Jams has been out of business since 2020.

frequently asked questions

Who founded Classroom Jams?

Classroom Jams was founded by Mark Furigay.

Did Classroom Jams get a deal on Shark Tank?

Yes, Classroom Jams got a deal on Shark Tank.