Moving in and out of college dorms can be a logistical nightmare for students. Storage Scholars, a company founded by Sam Chason and Matt Gronberg, emerged as the ultimate solution to this problem. Their innovative business offers college students a hassle-free way to store and transport their belongings during semester breaks. The duo gained national recognition after securing a deal on Shark Tank Season 14 with Mark Cuban. Since their appearance, Storage Scholars has experienced exponential growth. But what is Storage Scholars’ net worth today? Let’s dive into their journey from pitch to profit.
Who’s Behind Storage Scholars?
Sam Chason and Matt Gronberg met at Wake Forest University, where they identified a common problem among students, storing belongings between semesters. Chason started the business from his dorm room, managing logistics and personally handling storage requests.
Eventually, Gronberg joined as a co-founder, and together, they refined the business model. Their combined expertise in business and logistics played a crucial role in the company’s success.
“We wanted to create a solution tailored to students, run by students, and benefiting students,” Chason said in an interview.
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The Shark Tank Pitch: A Game-Changer
Storage Scholars appeared on Shark Tank in October 2022, seeking $250,000 for 10% equity, valuing the company at $2.5 million. The business had already demonstrated success, operating on multiple college campuses and paying over $804,000 in student wages.
Mark Cuban saw the potential in their business and made an offer of $250,000 for 12% equity, slightly adjusting the valuation. The founders accepted Cuban’s offer, gaining not just financial backing but also a strategic partner who could help scale the business rapidly.
“We’ve built something that solves a real problem, and with Mark’s expertise, we can take this to the next level,” Gronberg stated after securing the deal.
Storage Scholars Pitch on Shark Tank (Quick Info Card).
| Company name | Storage Scholars |
| Product | Packaging and storage solutions providing company for students |
| Episode | Season 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 |
| Location | Winston-Salem, North Carolina |
What Happened After Shark Tank?
Following their Shark Tank deal, Storage Scholars expanded to over 50 college campuses, significantly increasing their customer base. They also streamlined their logistics and operations, leading to record-breaking revenues. By 2024, reports suggest that Storage Scholars has surpassed $5 million in annual revenue, a significant jump from their early days. The company also invested in advanced logistics software to improve efficiency, ensuring seamless operations across different universities.
The founders have continued to grow their team, hiring student managers on campuses nationwide, which has helped scale their operations while maintaining the personalized service that made them successful.
Key accomplishments
| Year | Accomplishment |
| 2022 | The 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. |
Storage Scholars’ Net Worth in 2025
With the company’s rapid expansion and steady revenue growth, Storage Scholars’ estimated net worth in 2025 is around $10 million. This valuation reflects the company’s increasing market presence, strong customer demand, and operational efficiency.
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How Much Did Mark Cuban Make from Scholars?
Mark Cuban’s 12% stake in Storage Scholars has proven to be a lucrative investment. If the company’s current valuation stands at $10 million, Cuban’s share would be worth $1.2 million, a nearly 5x return on his initial investment within just two years. As Storage Scholars continues to grow, Cuban’s stake could become even more valuable.
Mark Cuban’s Other Successful Businesses
Mark Cuban has invested in numerous businesses beyond Storage Scholars. Some of his most successful Shark Tank investments include Nuts ‘N More, Tower Paddle Boards, and BeatBox Beverages. Outside of the show, Cuban is well-known for owning the Dallas Mavericks, co-founding Broadcast.com, and investing in various tech startups, AI ventures, and blockchain companies. His diverse portfolio demonstrates his ability to spot scalable businesses and turn them into profitable ventures.
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Business Challenges & Strategy
Despite its success, Storage Scholars has faced challenges, including scaling logistics across multiple college campuses and managing seasonal demand fluctuations. However, their student-run model and investment in technology have allowed them to adapt quickly.
“The biggest challenge is keeping up with demand, but our model allows us to scale efficiently while providing students with great job opportunities,” Chason explained.
Storage Scholars Product Reviews
Customer feedback for Storage Scholars has been overwhelmingly positive, with students praising the company for its convenience and reliability. However, some customers have pointed out issues such as delayed deliveries during peak move-in seasons and occasional damaged items. The company has addressed these concerns by improving logistics and offering insurance options for stored belongings.
Final Thoughts
Storage Scholars is one of Shark Tank’s standout success stories. From a dorm-room startup to a multi-million-dollar business, the company has revolutionized student storage solutions. With Mark Cuban’s backing and a scalable model, Storage Scholars is poised for even greater success in the coming years. Whether you’re a student in need of storage or an entrepreneur looking for inspiration, this is one business worth watching!
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