Notehall
DealOnline Services
Notehall is a online services that got its big break on Shark Tank in Season 1, and convinced Barbara Corcoran to invest.
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From the show
The Shark Tank pitch
- $90K
- Asked for
- 10%
- Offered equity
- $900K
- Sought valuation
- $90K
- Deal amount
- 25%
- Deal equity
- $360K
- Deal valuation
Founder D.J. Stephan and Sean Conway stepped onto the carpet in Season 1, Episode 8 in the episode that aired October 6, 2009, bringing their San Francisco, CA business with them. Notehall, the online services, pitched in the Tech & Software category, one of 73 tech & software businesses to brave the Tank across all 17 seasons.
The ask was $90,000 for 10% of the company, an implied valuation of $900K.
Barbara Corcoran made the deal at $90,000 for 25% equity. That priced the company at $360K, a haircut from the $900K the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 1 saw 64 pitches, and 27 of them closed a deal on air. In the Tech & Software category overall, roughly 56% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Notehall?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did Notehall get a deal on Shark Tank?
Yes. Notehall closed a deal for $90,000 in exchange for 25% equity, with Barbara Corcoran.
Which shark invested in Notehall?
Barbara Corcoran invested in Notehall ($90,000 total as aired).
What season of Shark Tank was Notehall on?
Notehall appeared in Season 1, Episode 8, which aired October 6, 2009.
How much was Notehall asking for on Shark Tank?
The founders asked for $90,000 for 10% of the company, a $900K valuation.
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