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Notehall

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This is an old revision of this page, as edited by Octavabasso (talk | contribs) at 04:16, 10 December 2010 (→How it Works: The money and cut involved). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.


Notehall is an online marketplace in which college students can buy and sell class notes.[1] Notehall gained national[which?] recognition after appearing on the ABC reality show Shark Tank in October 2009.

History

Notehall was launched in 2008 at the University of Arizona by Sean Conway, Justin Miller, D.J. Stephan and Fadi Chalfoon. Within 8 months, 40% of the students at the University of Arizona were using Notehall.[2] By November 2008, the student government at the University of Arizona was considering a partnership with Notehall.[3] In October 2009, Notehall appeared on the ABC reality show Shark Tank where they were successful in landing a $90,000 offer from Barbara Corcoran.[4][5] However, Notehall decided to take a different investment. In 2009, Notehall participated in DreamIt Ventures, where it received another investment.

As of September 2010, Notehall is currently used at 36 universities nationwide.

How it Works

Students who are looking to sell class notes, outlines, or study guides can upload documents to Notehall in order to make them available to their classmates. Students looking to purchase documents can buy credits from the website which can be used to view the documents.[6] Notehall takes 50% of the sales of any notes.[7] Based on this commission, the owners of Notehall expect to see revenues of $900,000 in 2010.[8]

References

  1. ^ http://images.businessweek.com/ss/09/10/1009_entrepreneurs_25_and_under/18.htm
  2. ^ http://abc.go.com/shows/shark-tank/episode-guide/episode-108/301700
  3. ^ http://wildcat.arizona.edu/2.2257/senate-discusses-academic-alliance-1.164870
  4. ^ http://abc.go.com/shows/shark-tank/episode-guide/episode-108/301700
  5. ^ http://online.wsj.com/article/SB10001424052748703790404574471433151548294.html
  6. ^ http://finance.yahoo.com/career-work/article/107947/americas-best-young-entrepreneurs-2009?mod=career-leadership
  7. ^ http://www.forbes.com/2009/12/14/make-money-online-entrepreneus-sales-marketing-new-ways_slide_3.html
  8. ^ http://finance.yahoo.com/career-work/article/107947/americas-best-young-entrepreneurs-2009?mod=career-leadership
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