Storage Scholars Net Worth Shark Tank Update 2025 

Moving out of a college dorm can be a really stressful experience for students. They often have to deal with a lot of things, like figuring out how to pack up their stuff, find a place to store it, or even ship it back home, especially during semester breaks. Some students might end up leaving behind their belongings or spending too much money on storage solutions, and international students face even tougher challenges since they can’t bring everything back with them.

Seeing this struggle firsthand at Wake Forest University, Sam Chason and his friend Matt Gronberg decided to do something about it. In 2017, they started a company called Storage Scholars. This service helps make moving easier for students by offering packing, storage, and shipping assistance right from their dorm rooms.

In an episode of Shark Tank, Sam and Matt pitched their business, asking for $250,000 in exchange for 5% of their company to help grow it. After a bidding war among the investors, they ended up striking a deal with Mark Cuban for $250,000 in exchange for 10% of the company instead.

Storage Scholars Net Worth Shark Tank Update 2025 

Sam and Matt were looking for an investment of $250k in exchange for 5% equity in the company. At the time of the episode, they valued their company at $5 million. Sam and Matt successfully secured a deal with Mark Cuban for an investment of $250k for 10% equity in the company. The investment adjusted the company’s net worth to around $2.5 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Storage Scholars in 2025 is around $3.04 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Robert Herjavec	$500,000 for 20% equity	N/A	No
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	$250,000 for 20% equity	N/A	No
Daymond John	$250,000 for 20% equity	N/A	No
Mark Cuban	$250,000 for 12% equity$250,000 for 10% equity	$350,000 for 8% equity$300,000 for 10% equity	Yes

Sam Chason and Matt Gronberg Backstory + Their Initial Pitch 

Sam Chason came up with the concept for Storage Scholars while he was in college. He noticed that international students often faced difficulties finding a place to store their belongings during school breaks. Most storage options were either too expensive or not convenient enough.

In 2017, Sam launched the business with a small initial customer base of just 64 students, generating $18,000 in revenue during its first year. Sam used the money he made to pay off his student loans. Eventually, Matt Gronberg joined the company, showing his commitment by working an impressive 106 hours in one week. As a result of his dedication, he earned a 30% ownership stake in the business.

Storage Scholars simplifies the storage process for students through three easy steps:

1. Sign Up Online: Students select what storage services they need.

2. Get Free Boxes: The company provides the boxes and packing materials needed to store items.

3. Pickup & Storage: They either keep the items in a local storage facility or send them back home.

The business also developed a custom app to manage more than 3,300 storage moves each week, which helped it achieve a strong customer satisfaction rating of 4.8 stars. By the time they appeared on the TV show Shark Tank, the company had reached significant milestones. They Generated $1.8 million in sales and Established partnerships with 23 universities. They also made a profit of $360 per student, charging $559 for each move

During their pitch, they sought an investment of $250,000 in exchange for a 5% stake in the company, aiming to expand their services to more schools.

Queries + Shark’s Responses, and Final Deal

Each shark had their own opinion about the business and made different offers. Here’s a breakdown of what happened:

Kevin O’Leary was impressed by the business but felt that the entrepreneurs were offering too little of their company in return for investment. He proposed to invest $250,000 in exchange for a 20% share.

Daymond John also saw a lot of potential in the business and matched Kevin’s offer, also proposing $250,000 for 20%.

Robert Herjavec believed the business could grow very quickly, so he decided to offer more money, proposing $500,000 for 20%. This meant he was willing to invest double what the other sharks were considering.

Lori Greiner liked the business idea but disagreed with how much the company was worth. Because of this difference in opinion, she chose not to invest at all.

Mark Cuban had a different approach. He liked that the business was focused on college students and offered $250,000 for 10%, which was a smaller share than the others were asking for. He also promised to help them make connections with more schools.

After considering the offers, the entrepreneurs countered Mark’s offer, trying to negotiate for 8% of the company instead. However, Mark stood firm at 10%. Recognizing his experience and the value he could bring, they agreed to his offer.

So, the final deal they made was: $250,000 for a 10% share of the company with Mark Cuban.

Product Availability

Storage Scholars is a company that helps college students with their storage needs and other related services. You can visit their website at StorageScholars.com to learn more and access their services. They operate at over 140 college campuses across the United States, growing significantly from just 23 campuses.

Their prices are quite affordable, starting at $17 per month for storage. If you need to move everything, the cost for a full move is $559. Storage Scholars offers convenient solutions for college students who need to store, ship, or pack their items, and they have a growing presence across many campuses in the U.S.

What Happened To The Storage Scholars After Shark Tank?

The company has successfully completed a deal where Mark Cuban, a well-known investor, has decided to invest in it. This means they have secured financial support to help them grow. As a result of this investment, the company has experienced significant growth. It has expanded its reach from being on just 23 college campuses to over 140 campuses. This indicates a strong increase in its presence and influence among students.

Furthermore, the company continues to support thousands of students each year, which reflects its ongoing success and the positive impact it has on the student community. Overall, the company is doing really well and is continuing to expand and thrive.

Conclusion 

Storage Scholars is a company that helps college students with moving, especially when it’s time to pack up at the end of the school year. They participated in the TV show *Shark Tank*, where entrepreneurs pitch their business ideas to wealthy investors. At first, there were some concerns about their business, but they ended up securing a deal with Mark Cuban, who is a well-known investor. This partnership allowed them to grow their services across the entire country.

Now, Storage Scholars operates in over 140 schools, making the process of moving out much easier for students. For anyone in college who finds move-out day stressful, Storage Scholars could be a great option to simplify the experience!