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Storage Scholars Net Worth 2024 Update (Before & After Shark Tank)

Storage-Scholars

Storage Scholars, a moving and storage company that focuses exclusively on college students, was started by Sam Chasson and Matt Gronberg in 2017. As of January 2024, Storage Scholars net worth is $2.5 million and they’re pulling in a whopping $1.9 million in annual revenue. 

In October 2022, they appeared on season 14 of Shark Tank USA and made a deal with Mark Cuban, $250,000 for a 10% equity. The final valuation was $2.5 million, down from the founder’s initial estimate of $5 million.

As of 2024 January, the company is still in business. You can get the service  going through their website.

Storage Scholars Net Worth

Net worth$2.5 million
Annual Sales Revenue$1.9 million
Profits$510K
Lifetime sales$6 million
InvestorMark Cuban
FoundersSam Chasson and Matt Gronberg
Employees1-25 employees

Storage Scholars Net Worth Timeline

Net Worth 2024$2.5 million
Net Worth 2023$2.5 million
Net worth valuation 2022 after appearing on Shark Tank  $2.5 million
Net worth valuation 2022 before appearing on Shark Tank  $5 million

Storage Scholars Pitch on Shark Tank

Company nameStorage Scholars
ProductPackaging and storage solutions providing company for students
EpisodeSeason 14 Episode 04
Founders Sam Chasson and Matt Gronberg
Asked for$250,000 for a 5% equity
Final deal$250K for a 10% equity
Shark Mark Cuban
LocationWinston-Salem, North Carolina

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Storage Scholars Founders

Storage Scholars was founded by Sam Chasson and Matt Gronberg in 2017. Sam Chason and Matt Gronberg, who were classmates at Wake Forest University, started their business to earn extra income and address college debts. They offered a service to pack and store students’ belongings during breaks. Storage Scholars’s founders, Sam Chasson and Matt Gronberg, have a net worth of 2.25 million USD as of 2024.

Key accomplishments

YearAccomplishment
2022The company appeared on Shark Tank Season 14 and got the deal from Mark Cuban.

As of October 2022, the company operates on 23 college campuses across 9 U.S. states.

In March 2022, the company participated in the SEAHO (Southeast Association of Housing Officers) Conference.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Storage Scholars and its continued success.

What do you think?

Written by GAG Team

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