Shark Tank founder · Season 1

D.J. Stephan

Co-founder of Notehall and SkySlope

Company
Notehall
On the show
S1 · Ep 8
Result
Deal · $90K
Company today
Acquired

Who is D.J. Stephan?

D.J. Stephan left the University of Arizona to co-found Notehall, an online marketplace where college students could buy and sell class notes. Launched in 2008 with Sean Conway, Justin Miller and Fadi Chalfoun, Notehall reached about 40% of University of Arizona students within eight months. Stephan was named a finalist for America's Best Young Entrepreneur in 2009. That October, the team appeared on the first season of Shark Tank and received a $90,000 offer from Barbara Corcoran.

Weeks later they walked away from the deal to join the DreamIt Ventures accelerator instead. In June 2011, Stephan and Conway sold Notehall to Chegg for about $3.7 million in equity, and the service was folded into Chegg's homework help business. Stephan moved on to real estate software, co-founding SkySlope in Sacramento, which grew into a widely used real estate transaction management platform with more than 75,000 monthly subscribers. He served as its chief operating officer and an owner, and later took on the roles of co-founder, chief revenue officer and board chairman at Streamline.

Sources (4)
  1. en.wikipedia.org/wiki/Notehall
  2. startupgrind.com/events/details/startup-grind-sacramento-hosted-d-j-stephan-s…
  3. theorg.com/org/getstreamline/org-chart/d-j-stephan
  4. techcrunch.com/2011/06/23/amid-reports-of-ipo-plans-chegg-acquires-lecture-note-m…

Written from published interviews, company announcements and news coverage. How we research · Suggest a correction

The Shark Tank deal

D.J. Stephan and Sean Conway from San Francisco, CA pitched Notehall in Shark Tank Season 1, Episode 8 (aired Oct 6, 2009). They asked for $90,000 in exchange for 10% equity, valuing the business at $900K. The entrepreneurs walked away with a deal from Barbara Corcoran: $90,000 for 25%. That put the final valuation at $360K, 60% below what they originally asked for.

⚠️ The on-air deal did not close after the show.

Notehall update, prices & reviews →

Frequently asked questions

What is D.J. Stephan doing now?

After Notehall, he co-founded real estate software company SkySlope and later took on the roles of co-founder, chief revenue officer and board chairman at Streamline.

Did Barbara Corcoran invest in Notehall?

No. She offered $90,000 on Shark Tank, but the founders turned it down weeks later to join DreamIt Ventures.

Who bought Notehall?

Chegg acquired Notehall in June 2011 for about $3.7 million in equity.

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