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TrophySmack, featured on Season 12 of Shark Tank, is an online trophy design company started by fantasy sports enthusiasts Matt Walsh and Dax Holt in 2017. It’s a business that offers unique and customizable trophies, championship rings, belts, and related products for fantasy sports.
The founders applied their in-depth understanding of the fantasy sports industry and saw an opportunity to provide distinct trophies to celebrate victories.
The company caters to various sports, including football, baseball, basketball, soccer, hockey, golf, youth sports, and even eSports & gaming.
Their custom trophies provide a tangible and significant symbol of victory for the winner in fantasy sports leagues, enhancing the satisfaction and pride derived from winning a tournament or league.
These customizable trophies allow users to design and own a unique trophy that aligns with their taste or the competition’s theme. TrophySmack offers diverse products, ensuring something for everyone, regardless of the sport or event.
The ability to create unique and individualized trophy designs sets them apart from other manufacturers. Further, they allow for personalization year after year, ensuring that the trophy stays relevant and exciting.
TrophySmack adds excitement and engagement to the fantasy sports experience by allowing customization and offering various designs. They are a great choice for anyone in fantasy sports leagues seeking a unique, customizable, and meaningful symbol of victory.
| Company Name | TrophySmack |
| Entrepreneur | Matt Walsh and Dax Holt |
| Product | Design your own fantasy sports belts, rings, and trophies |
| Investment Asking For | $600,000 for 8% equity in TrophySmack |
| Final Deal | $600,000 for 17% equity in TrophySmack |
| Shark | Mark Cuban |
| Episode | Season 12, Episode 9 |
| Business Status | In Business |
| Website | TrophySmack Website |
| Estimated Net Worth | $5 Million |
What Is TrophySmack?
TrophySmack is a unique online platform dedicated to elevating the experience of fantasy sports leagues worldwide. The company specializes in manufacturing and distributing custom sports-themed trophies, distinctive belts, and other awards.
TrophySmack offers its customers the ability to enhance their fantasy sports league experience with diverse, customizable trophies to represent their victorious season or even the humorous banter of their last-place finish.
TrophySmack’s appeal lies in its ability to tap into the passion and competitive spirit that revolves around fantasy sports leagues. TrophySmack trophies are more than mere awards – they symbolize hard-earned victories, strategies, and bragging rights until the next season.
Who Is The Founder Of TrophySmack?
Trophy Smack is the brainchild of founders Matt Walsh and Dax Holt, who each brought unique skillsets and experiences.
Matt Walsh is a seasoned entrepreneur based in Orange, California. He has over 15 years of experience in developing and monetizing value-added solutions and over 10 years of experience in supply chains and logistics.
Throughout his career, he’s demonstrated a knack for starting successful businesses, having founded and exited four startups. In addition to these, he has also run three e-commerce stores, which have surely provided valuable insight and expertise in the online retail landscape.
On the other hand, Dax Holt is a well-known entertainment reporter and TV host who has spent over a decade as a correspondent for ‘TMZ on TV.’ His experience in the media industry and broad public exposure have undoubtedly contributed to Trophy Smack’s marketing and brand recognition.
Trophy Smack was conceived in 2016 when Matt joined Dax’s fantasy football league. After reaching the finals in the league, Matt was looking to buy a 6-ft tall trophy to celebrate the achievement but was disappointed by the lack of uniqueness and quality in the options available online.
Recognizing this gap in the market, Matt proposed the idea to Dax of creating their own business that would produce custom trophies for fantasy sports leagues. This simple need for a more exciting trophy sparked the idea for Trophy Smack, and they quickly got to work developing their product.
Before their appearance on Shark Tank, the Trophy Smack duo spent countless hours on creativity, design, and testing. Dax started from scratch in his garage, testing engravers on trophy bits.
Their passion for fantasy sports and commitment to delivering a high-quality, customizable product eventually paid off. The company launched with an initial investment of $60,000 and quickly saw success, selling its inventory in just three weeks. They reinvested their profits and reduced the assembly time for their trophies by 90%.
By the time they appeared on Shark Tank, Trophy Smack had already won the Fantasy Sports Trade Association’s Elevator Pitch Competition in 2018 and had impressive sales records.
They had generated $850,000 in sales and made a $200,000 profit in their first year, which increased exponentially in 2019, with $1.9 million in sales and a $755,000 profit. In addition, they had estimated sales of $650,000 through July 2020.
Their journey illustrates the power of recognizing a niche in the market, leveraging unique skills and experiences, and dedicating the time and effort to develop a quality product that meets consumer needs.
How Was The Shark Tank Pitch Of TrophySmack?
During Season 12, Episode 9 of the reality TV show ‘Shark Tank,’ the founders of TrophySmack, Matt Walsh and Dax Holt, presented their business idea to a panel of successful investors, famously known as ‘Sharks.’
They were looking to take their company which manufactures customizable trophies for fantasy sports, to the next level. Matt and Dax asked $600,000 for an 8% equity stake in TrophySmack, valuing the company at $7,500,000.
They showcased their unique business model, detailing their successful sales history and the market potential of their product line. The pitch highlighted their achievements so far, including that in 2018 TrophySmack did $850,000 in sales, yielding a profit of $200,000.
In 2019, the company had impressive growth, reaching $1.9 million in sales with a profit of $755,000. At the time of their pitch, TrophySmack had done $650,000 in sales in 2020 and was expected to match or exceed earnings from the previous year.
They presented the unique selling points of TrophySmack, emphasizing how the product line tapped into the pride of winning and the friendly rivalry of losing within fantasy sports leagues.
Their product range includes custom-made trophies, rings, and belts to enhance the fantasy sports experience. The Sharks were indeed impressed with the business concept and its demonstrated success.
Particularly, Mark Cuban, who owns the NBA Dallas Mavericks sports team, took a keen interest in TrophySmack. He saw the potential in the business and decided to invest. However, Cuban wanted a larger stake in the company than originally proposed.
The final deal they secured was $600,000 for 17% equity with Mark Cuban, more than doubling the initially asked equity stake. This was a significant win for TrophySmack, as a partnership with a Shark like Cuban would propel the business forward, providing them with funds and the valuable mentorship and network Cuban brings.
The post-Shark Tank journey for TrophySmack has been quite successful. After their episode aired, TrophySmack’s sales spiked.
The company did $1.2 million in sales just a month after the airing, reaching $10 million in lifetime sales. The company has since expanded its reach beyond fantasy football, offering trophies and other sports-related products for various other sports.
What Happened To TrophySmack After Shark Tank?
TrophySmack experienced significant growth after its appearance on Shark Tank. The company’s pitch had impressed Mark Cuban, a seasoned investor, and owner of the NBA Dallas Mavericks sports team, and they had successfully landed a deal for $600,000 in exchange for 17% equity in TrophySmack. This investment greatly boosted the company’s growth trajectory.
After Shark Tank’s episode featuring TrophySmack aired, the company reported a substantial spike in sales. TrophySmack generated $1.2 million in sales in the month following the broadcast, bringing their lifetime sales to $10 million.
This immediate success is often attributed to what is known as the ‘Shark Tank Effect,’ where businesses experience a surge in popularity and sales due to their national exposure on the show.
But TrophySmack’s growth didn’t stop at just sales. With the backing of Mark Cuban and the impetus from their Shark Tank appearance, the company embarked on an expansion plan.
They diversified their product range to cater to other sports and events beyond fantasy football. This expansion offered trophies, rings, belts, and more for various sports and occasions.
TrophySmack has also expanded its market reach and its product line. The company’s products became available on its official website and on e-commerce giant Amazon, making them accessible to a broader customer base.
They even started catering to genres outside sports, such as wedding gifts, corporate awards, and customizable gifts for loved ones.
They also introduced a web-based designer tool that allows customers to design their championship rings from scratch, further enhancing the personalized experience that TrophySmack offers.
TrophySmack has successfully leveraged its appearance on Shark Tank to propel its growth, demonstrating the potential of its business concept and the impact of strategic partnerships and exposure. TrophySmack continues to be a thriving business in the market of customizable awards and gifts.
TrophySmack Shark Tank Update
After appearing on Shark Tank, Trophy Smack, a fantasy sports trophy company, experienced significant growth and success. They secured an investment from Mark Cuban, which proved valuable for their business.
Following the episode’s airing, Trophy Smack’s revenue soared, bringing in $1.2 million within a month. The company expanded its product line beyond fantasy sports and catered to various occasions.
They enhanced their facility and added a custom design tool on their website to offer more personalized options to their customers. Trophy Smack had the opportunity to create trophies for the AGBO Superhero Fantasy Football League, further establishing their presence in the industry.
Despite initial uncertainty, their success has been remarkable, with estimated lifetime sales of $10 million. The company founders, Matt Walsh and Dax Holt, combined their supply chain management and entertainment expertise to establish Trophy Smack in 2018.
Trophy Smack faced competition in the fantasy sports industry, but it maintained a strong presence with a net worth of over $10 million. Mark Cuban remains involved and pleased with the investment.
The company received positive reviews on platforms like Amazon and expanded its offerings to include championship belts for real sports teams. They also partnered with prominent companies such as Yahoo and NBC Sports.
TrophySmack’s appearance on Shark Tank and collaboration with Mark Cuban propelled their growth and success.
They expanded their product line, reached impressive revenue milestones, and continue to thrive in the fantasy sports industry.
Is TrophySmack Still In Business?
TrophySmack is still in business and the company has experienced significant growth and success since appearing on Shark Tank. They specialize in customizable fantasy sports awards, including trophies, belts, draft boards, tattoos, and rings.
TrophySmack expanded into other genres, such as wedding gifts and corporate awards, catering to a wider audience. They offer a web-based designer tool that allows customers to customize their products.
With a solid business model and continued growth, TrophySmack is expected to remain profitable and continue serving its customers.
They have established partnerships with major companies and maintain a strong online presence. As a result of their success, they are still actively operating in the industry.
What Is the Net Worth Of TrophySmack?
According to our research, the net worth of TrophySmack is estimated to be $5 million. The valuation of TrophySmack was $3.5 million after securing an investment from Mark Cuban on Shark Tank.
