Entrepreneurs Philip Loveland and Jake Piekarski appeared on Shark Tank Season 16 to pitch Snow Scholars, a snow removal company that offers reliable and affordable services. The business primarily focuses on college towns and provides part-time job opportunities for students. Snow Scholars serves both residential and commercial clients and operates in cities like Madison, Minneapolis, Ann Arbor, East Lansing, and several other locations.
During the winter season, the percentage of their customers increases, allowing both the company and the students to generate good revenue. Currently, they aim to expand to more states, which is why they need the Sharks’ help to achieve this goal.
| Company Name | Snow Scholars | |
| Founder/Co-Founder | Philip Loveland, Jake Piekarski, and David Sklar | |
| Founded | 2023 | |
| Product | Snow removal | |
| Asked For | $75k for 10% equity | |
| Final Deal | $150k for 20% equity | |
| Shark | Mark Cuban | |
| Episode | S16 E7 | |
| Air Date | Dec 13th, 2024 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Madison, Wisconsin, United States | |
| Annual (Revenue) | $200,000 *estimated | |
| Worth / Valuation | $750,000 | |
| Buy and Watch | Buy Now | Amazon Prime |
What Is the Background of The Founder?
Three college students, Philip Loveland, Jake Piekarski, and David Sklar, founded the snow removal company Snow Scholars in 2023 to make money and provide a source of income for college students.
Philip Loveland is a real estate agent who is also the Co-Founder and Chief Operating Officer of Snow Scholars.
Jake Piekarski is an entrepreneur who has been a founding member of multiple startups and currently serves as the company’s CEO.
David Sklar has a computer science background and primarily works as the Chief Technology Officer for Snow Scholars.
Business Pitch Episode Recap
Jake Piekarski and Philip Loveland entered Shark Tank to present their snow removal business, Snow Scholars, which provides employment opportunities to college students. They asked the Sharks for $75,000 in exchange for 10% equity in their company.
Currently, the company is associated with four college campuses and plans to expand to 140 universities across the United States and Canada.
Robert Herjavec asked about acquiring clients, to which Philip explained that they primarily use social media marketing to attract clients and student employees.
Their current profit margin is 73.3%, and they pay students $25 per hour, allowing students to earn up to $185 daily.
Kevin O’Leary inquired about the company’s sales, and Jake revealed that during the snow season from December 1, 2023, to April 1, 2024, the company generated $116,800 in sales, with a profit of $85,500.
Kevin O’Leary showed interest in the business and offered $75,000 for 20% equity. Daymond John was also intrigued by the business and matched Kevin’s offer of $75,000 for 20% equity.
Lori Greiner felt the business didn’t need her involvement, so she opted out. Robert Herjavec believed scaling the business would be very challenging, so he also decided to step out.
Mark Cuban, however, made an interesting offer of $150,000 for 20% equity, which Jake and Philip gladly accepted.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Robert Herjavec | No Offer |
| Kevin O’Leary | $75k for 20% equity |
| Mark Cuban | $150k for 20% equity |
| Daymond John | $75k for 20% equity |
| Lori Greiner | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | $150k for 20% equity |
Snow Scholars Shark Tank Update
After securing a deal with Mark Cuban, Snow Scholars gained a new face for branding, leading to significant growth in sales.
During further research, it was revealed that the company plans to expand to 21 universities nationwide by 2025-2026.
As of December 2024, Snow Scholars has created over 300 student jobs across 26 college towns and has paid a total of $125,000+ to students.
Jake Piekarski is the Founder and CEO, David Sklar handles software technology, and Serena Edgar is the Billing Manager. Additionally, Philip Loveland has exited the company by selling his shares.
Here, you can find more updates on businesses from Season 16.
