The Real Elf Shark Tank Update| What Happened to The Real Elf after the Shark Tank Pitch?
What is The Real Elf?
The Real Elf is a start-up that provides services like Elf Gram, which is a digital platform for Tommy to send Christmas greetings to anyone at any time.
It also allows for personalized messages and has a $50 minimum order.
Additionally, the company’s website sells custom mugs, pillows, and pullover T-shirts.
Who Founded The Real Elf?
Tommy Holl is the creator of The Real Elf, a character he plays who acts as the head of public relations for the North Pole’s Midwest Division of Holiday Cheer.
He travels around Chicago spreading Christmas cheer and making sure everyone is on Santa’s good list.
Before becoming The Real Elf, Tommy studied broadcast journalism, interned at a news station, and worked in various industries including advertising and sales.
He was inspired to create The Real Elf after friends pointed out his resemblance to a Christmas elf.
In 2013, Tommy was diagnosed with a rare form of cancer called epithelioid sarcoma and lost a finger from the disease, but after recovering he decided to live life to the fullest and started The Real Elf as a way to spread love and joy in his community.
What Happened to The Real Elf at the Shark Tank Pitch?
Tommy, the creator of The Real Elf, pitches his business to a group of Sharks. He explains that he sells unique elf grams online and makes between $10,000 and $15,000 per season.
He is seeking an investment of $125,000 for a 25% stake in the company, valuing the business at $500,000. He plans to use the funds to expand the business and develop an app.
The Sharks express concerns about Tommy’s time commitment and social media presence.
Mr. Wonderful and Barbara offer to invest, with Barbara requiring that a portion of the proceeds go to a cancer charity of Tommy’s choice. Tommy accepts Barbara’s offer and expresses his gratitude.
What Happened to The Real Elf after the Shark Tank Pitch?
Tommy Holl left the Tank with a deal from Barbara of $125,000 for 35% of the Tommy’s business.
The Real Elf Net Worth.
Tommy went to Tank and asked for $125,000 in return for a 25% share of The Real Elf, indicating a valuation of $500,000 for the company.
Later, when Barbara offered him $50,000 in cash and a $75,000 loan in exchange for 35% of the company, Tommy valued his business at $142,857.14.
The Real Elf Competitors.
There is no competitor identified for The Real Elf.
The Real Elf FAQS.
What is The Real Elf?
The Real Elf is a start-up that offers services such as Elf Gram, a digital way for Tommy to deliver Christmas greetings. To anybody, at any time.
Additionally, one may enter personalized greetings. The order is subject to a minimum of $50.
Additionally, the brand’s website sells personalized mugs and pillows and pullover T-shirts.
Who Founded The Real Elf?
Tommy Holl is the founder of The Real Elf.
How much was he seeking in the Shark Tank?
Tommy was seeking $125,000 in exchange for a 25% stake in The Real Elf.
Did he get the deal from the Shark Tank?
Barbara offered $50,000 in cash and a $75,000 loan in exchange for 35% of the business.
Is the Real Elf still in business?
Yes, they still in business.
Where is the Real Elf based?
The Real Elf is based out of Chicago, Illinois.
Where can they find The Real Elf website?
They can visit their website at: www.therealelf.com.
How much does The Real Elf charge?
The Real Elf charges a minimum of $50.
How is the sales for The Real Elf?
It is estimated that The Real Elf earns between $10,000 and $15,000 per season.
Is there any social media for The Real Elf?
They are available on Facebook and Twitter.
When was The Real Elf featured on Shark Tank?
The Real Elf was featured in Season 13 episode 8, the episode aired on December 11th, 2021.
What is the business model for The Real Elf?
The business model for The Real Elf is that Tommy utilizes elves to deliver Christmas greetings.
