![]() ![]() Notehall was also able to start building a foreign market which Chegg also bought.ĭid the Notehall founders get out at the right time? I think so. It would be great if Shark Tank would go back and check Notehall showing that in some cases, you are able to have your business acquired by your competition either coming out well, or bailing out depending on each situation. Sometimes small businesses like Notehall have a great foundation but don’t have the growth potential and get acquired just like much larger corporations do. Evidently, they say they don’t see the marketplace as a growth market, so buying up the competition gives them the market share that they need. Notehall Chegg March Into Foreign MarketsĪs I did further investigation, it seems that Chegg, a company competing with Notehall acquired them in June. These guys certainly aren’t hitting the home run investors would like to see. Depending on their costs, this doesn’t seem like that much. That means that the company which takes 50% of the sales has brought in less than two million dollars in gross revenues. ![]() That’s been a while, so either they are doing really well and aren’t spending time marketing online or they aren’t doing as well as they thought? We’ll do more investigation to find out.Īccording to the Notehall Chegg site, college students have earned $969,000.00 from selling text books online. The news section on their website has not been updated since May of 2010. The website is still live, it looks better than before, I think they have done some updates to the site. I did some investigation on Note hall Chegg and this is what I came up with since the Shark Tank episode. They did make a deal, and competition popped up right after the episode. When it appeared on Shark Tank: Season 5 Shark deal: Kevin O’Leary Shark net worth: 400 million Sales figures: 1.4 million total units sold, more than the company’s top four competitors combined Details: Jamie Siminoff may have been met with disinterest when he pitched his video doorbell, then called Ringbot. The Start-Up appeared on the first season of the show. Notehall Chegg forge deal after appearing on Shark Tank. ![]()
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