Classroom Jams Net Worth 2024 Update (Before & After Shark Tank)

Classroom Jams’ net worth was $2.5 million in 2009 based on the Shark Tank deal. Classroom Jams is a music set that helps students to learn classic works of literature. Mark Furigay started this in 2007.
In 2009, they appeared on Season 1 of Shark Tank USA and made a deal with Kevin O’Leary, Barbara Corcoran, Kevin Harrington, Robert Herjavec, and Daymond John, $250,000 for 100% equity + 5% royalty in perpetuity.
Mark’s pitch was iconic, as was the very first business that all sharks invested in. Although the deal indicated positive growth, unfortunately it did not have much success as anticipated. Currently, the company’s presence is questionable. There is no platform to purchase the product, no website, and no social media account; thus appears to be out of business.
Classroom Jams Net Worth
Net worth | $2.5 million (2009) |
Annual Sales Revenue | Not available |
Profits | Not available |
Lifetime sales | Not available |
Investors | Kevin O’Leary, Barbara Corcoran, Kevin Harrington, Robert Herjavec, and Daymond John |
Investment | $250,000 for 100% equity + 5% royalty in perpetuity |
Founder | Mark Furigay |
Employees | <10 |
Classroom Jams Net Worth Timeline
Net Worth 2024 | Out of business |
Net worth valuation in 2009 before appearing on Shark Tank | $2.5 million |
Classroom Jams Pitch on Shark Tank
Product | A music set that helps students to learn classic works of literature |
Episode | Season 01 Episode 02 |
Founder | Mark Furigay |
Asked for | $250,000 for 10% equity |
Company name | Classroom Jams |
Final deal | $250,000 for 100% equity + 5% royalty in perpetuity |
Sharks | Kevin O’Leary, Barbara Corcoran, Kevin Harrington, Robert Herjavec, and Daymond John |
Location | Chicago, Illinois |
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Classroom Jams Founder
Mark Furigay founded Classroom Jams in 2007. Mark is a teacher and an education director. Currently, he is teaching at The Ancona School. Classroom Jams’s founder Mark Furigay’s net worth is unknown as of 2024.
Key accomplishments
Year | Accomplishment |
2009 | The company was featured in Shark Tank USA and secured a deal with all sharks. |
2016 | The product was pitched to Houghton Mifflin Company, the largest education firm on earth. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Classroom Jams was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, it seems that Classroom Jams is no longer in business. And the product is no longer available in the market.