What if you could find a business specially designed as a hustle for the college students? Here comes the ‘Snow Scholars,’ a snow-removal business enterprise that employs college students to remove snow from your door. They simply operate from their website, and customers reach them, and the friendly college student employee reaches your door to remove snow from it, and then they take pictures before and after the snow removal to maintain their five-star reviews.
Jake Piekarski is the CEO, and Philip Loveland is the COO of the Snow Scholars. They came to the shark tank seeking an investment of $75k for 10% equity in their company. They got three offers from the Shark Tank. Kevin, Daymond, and Mark Cuban offered them $75k for 20%, 20% and Mark offered them $150k for 20% equity in their company, respectively. They secured the deal with Mark Cuban and went their ways happily.
Here’s what happened to the company ‘Snow Scholars’ after Shark Tank and how much it’s worth today.
Snow Scholars Net Worth 2026
Jake Piekarski and Philip Loveland went on Shark Tank asking for $75,000 for 10% of their company. This meant they valued Snow Scholars at about $750,000. They secured a deal with Mark Cuban for $150,000 for 20% equity in their company. After the show aired, Snow Scholars gained strong brand exposure and rapidly expanded its operations. As of March 2025, Snow Scholars operates in nine different states across the U.S. and has partnerships with 26 university campuses. The company has completed over 3,000 snow removal jobs for approximately 1,000 customers while paying over $100,000 in student wages. With Mark Cuban's backing, a 73.3% profit margin, and plans to expand to 140 campuses across the U.S. and Canada, Snow Scholars' current net worth in 2026 is estimated to be between $1 million and $2 million.
Did Snow Scholars Get a Deal on Shark Tank?
Yes! Snow Scholars secured an amazing deal with Mark Cuban for $150k for 20% equity in their company. It was more than they demanded. To their surprise, they got three offers from Kevin, Daymond, and Mark, respectively. They offered them $75k for 20% equity. But Mark over-smarted them and offered the owners $150k for 20% equity in their company. In this way, both of them became happy and shook hands and went their ways with joy.
Rig Strips Shark Tank Deal Table
| Sharks name | Offer and Demand | Accepted? |
| Kevin O’Leary | $75k for 20% equity in their company | N/A |
| Daymond John | $75k for 20% equity in their company | N/A |
| Lori Greiner | Out | N/A |
| Mark Cuban | $150k for 20% equity in their company | Yes |
| Robert Herjavec | Out | N/A |
Founders’ Backstory
Jake Piekarski is the CEO, and Philip Loveland is the COO of the Snow Scholars. They are college graduates and founded their freelance work company. They recruit college students and send them to the customers’ houses, stacked with snow cover outside.
They work as an online company. Since their launch a few years ago, they have been earning a lot of profit margins as well. In order to expand their business and earn more through it, they came to the Shark Tank seeking an investment of $75k for 10% equity in their company. They got three offers from Shark Tank.
Kevin, Daymond and Mark Cuban offered them $75k for 20%, 20% and Mark offered them $150k for 20% equity in their company, respectively. They secured the deal with Mark Cuban and went their ways happily.
Snow Scholars Shark Tank Pitch
The Snow Scholars’ pitch began as the founder entered the tank. They came up with vibrant and positive energy. They first introduced themselves, and then they showed the sharks with their product. They told the sharks that they have earned $85k in terms of profit until now. They also told us about their Customer Acquisition Cost(CAC), which was equal to zero. They told them their EBITDA (Earnings before interest, Tax, Depreciation, and Amortization) was 30%.
Then they asked to seek an investment of $75k for 10% equity in their company. In this way, they wanted to have an evaluation of $0.75 Millions overall. Luckily, they got an amazing offer from Mark Cuban for $150k for 20% equity in their company.
Shark Questions & Discussion
Kevin O’Leary asked about their revenue model. They said that they send physical flyers to the customers’ homes, and then they charge $74.56 per snowfall.
Daymond John asked about their marketing strategy. They said that their business model works according to social media marketing.
Lori Greiner asked about their sales. They said that from the snowfall season, they earned almost $116800 last year, and they profited $85k out of it.
Mark Cunban asked about their vision. They said that they wanted to expand their business across 170 University campuses.
Robert Herjavec asked about their campus franchises where they work. They said that they are on University of Wisconsin-Madison and the University of Twin Cities
Sharks’ Reactions and Negotiations
Kevin O’Leary loved their concept and offered them $75k for 20% equity in their company.
Daymond John also appreciated their idea and offered them $75k for 20% equity in their company.
Lori Greiner liked their idea but didn’t show interest in joining them. So she simply walked out of the deal.
Mark Cuban loved their idea and offered them an amazing counteroffer for $150k for 20% equity in their company. Without any hesitation, they secured the deal with Mark Cuban.
Robert Herjavec didn’t seem to be impressed by their business idea. So, after getting all of his answers, he simply walked out of the deal.
Why Some Sharks Said No
Kevin O’Leary offered them $75k for 20% equity in their company, which was way higher and wasn’t accepted at all. That’s why he said no to the offer.
Lori Greiner couldn’t understand their business ecosystem. That’s why she said no to the offer.
Robert Herjavec didn’t want to invest in their freelance business. That’s why he said no.
Snow Scholars Shark Tank Update 2026
As of 2026, Snow Scholars is still in business and growing steadily with Mark Cuban’s backing. The company has expanded from its original 30 customers to over 800, now operating across 26 college towns with more than 650 student employees. Snow Scholars has paid out over $125,000 in student wages and completed over 3,000 snow removal jobs. The company plans to expand to 21 universities nationwide by the 2025-2026 season. One notable internal change is that co-founder Philip Loveland has exited the company, selling his shares, with Jake Piekarski continuing to lead as CEO.
Product Features & Availability
The Snow Scholars is a snow removal business enterprise that employs college students to remove snow from your door. They simply operate from their website, and customers reach them, and the friendly college student employee reaches your door to remove snow from it and then they take pictures before and after the snow removal to maintain their five-star reviews.
You can order your Snow Scholars from their Official Website. You can also get one by checking it from their Official Instagram account as well.
What Happened To Snow Scholars After Shark Tank?
The Snow Scholars secured an outstanding deal from the Shark Tank with Mark Cuban. So as the show aired, they got a lot of orders and appointments from across the states. They began earning a lot of profit margins as well. By having Mark Cuban as their investor, they didn’t need to worry about the marketing and profit margins as well. They are still in the market and are earning a lot of profit margins as well.
Conclusion
So, the Snow Scholars secured an amazing deal with Mark Cuban for $150k for 20% equity in their company. They did an amazing job on Shark Tank. Jake Piekarski is the CEO, and Philip Loveland is the COO of the Snow Scholars. Since their launch a few years ago, they have been earning a lot of profit margins as well. In order to expand their business and earn more through it, they came to the Shark Tank seeking an investment of $75k for 10% equity in their company.
They got three offers from Shark Tank. Kevin, Daymond, and Mark Cuban offered them $75k for 20%, 20%, and Mark offered them $150k for 20% equity in their company, respectively. They secured the deal with Mark Cuban and went their ways happily. They are still in the market and are earning good profit margins as well. They are growing their company very well. They are still earning marginal profits from their business.
Hi, I’m Waqar Abdullah. I’m an Academic and a Freelance Writer. Out of all TV shows on entrepreneurship and business ideas, Shark Tank is one of my favorite TV shows. This show gives a delightful awareness of the world of business by providing generic and innovative solutions to the ambitious small and large business owners. I’m curious to know more about the tactical thought process and inspiration that lead these companies, as each pitch gives thoughtful knowledge. I’ve figured out that watching Shark Tank has encouraged my enthusiasm for business and entrepreneurship. It has been a very insightful and inspiring experience. In addition to my work as a Research Scholar and Writer, I love reading, cooking, dining, shopping, and hanging out with my friends and family. Read more About me.
