Thompson Tee Net Worth
The net worth of Thompson Tee’s founders Billy Thompson and Randy Choi is $22.5 million as of 2022. The company was valued at $10 million during its Shark Tank pitch and had lifetime sales of $2.6 million as of 2023.
According to one source, the company had $4 million in sales the year before it appeared on Shark Tank.
What is Thompson Tee? Who is the founder of Thompson Tee?
Thompson Tee is a company based in the United States that produces and sells sweat-proof t-shirts for both men and women. These t-shirts are specifically designed to prevent yellow stains, sweat, or odor from penetrating the fabric by allowing sweat to exit as vapor.
The founder of Thompson Tee is Billy Thompson, who was motivated to create the product because of his personal experience with hyperhidrosis, a condition characterized by excessive underarm perspiration.
Along with his friend and fashion designer, Randy Choi, Thompson worked to develop and patent the Hydro-Shield sweat-resistant technology that they received in 2014.
Thompson Tee products are available for purchase on Amazon and the company’s website, and they are all manufactured in the United States of America.
Thompson Tee Shark Tank pitch
Billy Thompson and Randy Choi from Thompson Tee, a company that produces sweat-wicking t-shirts, made an appearance on Shark Tank (episode 824) to seek a $700,000 investment in exchange for a 7% stake in the company, which they valued at $10 million.
During the pitch, they shared their personal stories and gave free samples to the Sharks. The Sharks were interested in the company’s financials, discovering that the t-shirts cost $8.50 to manufacture and retail for $25 to $30.
The company made $90,000 in sales during the first year of operation and projected $4 million in earnings in the fifth year. The investment was intended to help bring production in-house.
However, some Sharks had concerns about the company’s valuation and plans for the future, which resulted in Daymond, Kevin, and Mark withdrawing from the deal.
Robert expressed interest and offered $700,000 in exchange for a 25% equity stake. Lori also opted out of the deal.
Subsequently, Kevin returned with a proposal for a loan of $700,000 at an 18% interest rate in return for a 7% equity stake in the company. Billy and Randy accepted Robert’s offer and left the pitch with a deal.
Following its appearance on Shark Tank, Thompson Tee continued to expand and grow its business. However, they did not move forward with the investment deal with Robert, as it was not deemed necessary for the company’s growth.
The company achieved significant sales milestones, earning $9 million in 2017 and selling one million t-shirts by March 2019. As of February 2022, the company is still operational with an estimated yearly revenue of $10 million.
Net Worth of Thompson Tee
The net worth of Thompson Tee at the time of their Shark Tank pitch was valued at $10 million. Since then, the company has continued to operate and may have a higher net worth, but that information is unavailable.
Competitors of Thompson Tee
Thompson Tee has many competitors in the market space. These are; The Home T, Undergear&, Junk Food Clothing, The Mountain, Michael Stars, The Icebox, Cheap Tees Screen Printing, and Eton.
Table Summarizing: Thompson Tee Shark Tank
| INFORMATION | DETAILS |
| Company name | Thompson Tee |
| Company founders | Billy Thompson and Randy Choi |
| Product | Sweat-proof t-shirts for men and women |
| Product features | Prevents yellow stains, sweat, and odor from penetrating fabric by allowing sweat to exit as vapor |
| Shark Tank investment deal | Robert Herjavec offered $700,000 for 25% equity, but the deal fell through |
| Valuation at the time of Shark Tank pitch | $10 million |
| Lifetime sales as of 2023 | $2.6 million |
| Yearly revenue as of 2022 | $10 million |
| Net worth of founders as of 2022 | $22.5 million |
| Competitors | The Home T, Undergear, Junk Food Clothing, The Mountain, Michael Stars, The Icebox, Cheap Tees Screen Printing, and Eton |
| Manufacturing location | United States of America |
| Purchase locations | Amazon and the company’s website |
Thompson Tee Updates
Thompson Tee is a patented sweat-proof undershirt that provides all-day protection against stains and odor. The undershirt is designed to stop visible signs of underarm sweat, eliminating embarrassing sweat marks and yellow stains while improving confidence and quality of life.
Thompson Tee has been featured on Shark Tank, where Billy Thompson and Randy Choi sought $700,000 for 7% of their sweat-proof undershirt. The sharks were initially interested in the product, but eventually dropped out one by one, except for Robert Herjavec, who offered $700,000 for 25% equity.
However, the deal with Robert fell through, and the founders of Thompson Tee decided not to pursue it.
As of 2021, Thompson Tee enjoys annual revenue of around $10 million. The sweat-proof technology used in the undershirts won’t wear out over time, and the undershirts are designed with tagless, lay-flat collars to prevent irritation, itching, or bulk.
Thompson Tee manufactures all their products in the USA, and each tee-shirt costs between $25 and $32. The undershirts are sold on Amazon and in their online store.
Thompson Tee FAQs
What Is Thompson Tee?
Thompson Tee is a patented sweat proof undershirt that is designed to provide all-day protection against sweat stains and odor. The company was founded by Billy Thompson and Randy Choi and has been in business for 10 years.
The Thompson Tee is made with Hydro-Shield technology, which is a clinical-grade sweat proof material that completely blocks moisture from passing through. The technology is designed to absorb and evaporate sweat, rather than simply transferring it to other parts of the body.
This helps to prevent embarrassing sweat marks and yellow stains while improving confidence and quality of life.
The Thompson Tee is available in two styles: original fit crewneck and slim fit V-neck. The original fit crewneck is made with 100% premium combed cotton and fits and feels like a traditional undershirt.
The slim fit V-neck is made with a 95% rayon from bamboo and 5% spandex blend and fits close to the skin for a sleek, subtle look. Both styles are designed with tagless, lay-flat collars to prevent irritation, itching, or bulk.
Thompson Tee stands apart from other “sweat-resistant” and “moisture-wicking” shirts by using Hydro-Shield technology to completely block sweat from showing through outer layers. The technology is backed by a patent from the U.S. Patent and Trademark Office.
Thompson Tee’s sweat proof technology is a native property, so the shirt will not lose its effectiveness over time. The company offers a Sweat Proof Guarantee with every Thompson Tee with Hydro-Shield Sweat Proof Technology.
How Does Thompson Tee Works?
Thompson Tee is a brand that offers sweatproof undershirts for men and women. The undershirts are equipped with Hydro-Shield technology that converts sweat into vapors, so there is no moisture. The sweatproof barrier is the only patented sweatproof technology available.
The sweat shields soak up sweat, and the proprietary layering system creates air pockets and facilitates reverse osmosis, releasing sweat as vapor and leaving the wearer feeling cool and dr. The sweatproof barrier allows sweat to evaporate, unlike most cotton undershirts that lock it in.
Thompson Tee offers a variety of color and neckline options. The undershirts are comfortable and of great quality. They are a great solution for people who have sweaty underarms.
The undershirts are more expensive than typical undershirts, but they are worth the investment for people who struggle with extreme sweating. Thompson Tees will cut down the number of times you need to launder your sweat-stained dress shirts, saving you time and money in the long run.
The most obvious benefit is that the tees will also help you avoid embarrassing sweat marks and stains.
Thompson Tee’s sweatproof technology has received positive reviews from customers. The undershirts are not currently available on the Thompson Tee website, but they can be purchased on Amazon.
What Happened To Thompson Tee After Shark Tank?
Thompson Tee is a company that produces and sells sweat-proof t-shirts for both men and women. The t-shirts are designed to prevent yellow stains, sweat, or odor from penetrating the fabric by allowing sweat to exit as vapor.
The company appeared on Shark Tank seeking a $700,000 investment in exchange for a 7% stake in the company, which they valued at $10 million. After declining a high-interest debt deal from Kevin O’Leary, they agreed to a $700,000 investment from Robert Herjavec for 25% .
However, they did not move forward with the investment deal with Robert, as it was not deemed necessary for the company’s growth.
What Is The Current Valuation Of Thompson Tee?
As of 2022, the net worth of Thompson Tee’s founders Billy Thompson and Randy Choi is $22.5 million. During their Shark Tank pitch, the company was valued at $10 million. However, there is no information available on the current valuation of the company.
Thompson Tee is a company that produces and sells sweat-proof t-shirts designed to prevent yellow stains, sweat, or odor from penetrating the fabric by allowing sweat to exit as vapor. The company appeared on Shark Tank in Season 8 Episode 23, seeking $700,000 for 7% of their business.
Is Thompson Tee Still In Business?
Yes, Thompson Tee is still in business as of April 2023. The company produces and sells sweat-proof t-shirts for both men and women that are designed to prevent yellow stains, sweat, or odor from penetrating the fabric by allowing sweat to exit as vapor.
The founder of Thompson Tee is Billy Thompson, who was motivated to create the product because of his personal experience with hyperhidrosis, a condition characterized by excessive underarm perspiration.
Thompson Tee appeared on Shark Tank in 2016 and received offers from several sharks, including Robert Herjavec, Kevin O’Leary, and Mark Cuban. The company did not move forward with the investment deal with Robert, as it was not deemed necessary for the company’s growth.
Despite this, Thompson Tee has continued to expand and grow its business, with annual revenue of around $10 million as of 2021.
Thompson Tee sells its products on Amazon and in its online store, with each t-shirt costing between $25 and $32. The company manufactures all its products in the USA and offers a 100% guarantee to provide all-day protection against stains and odor.
Thompson Tee has been in business for over 10 years and has over 10,000 five-star reviews.
What is Thompson Tee?
Thompson Tee is a full-service American firm that creates men’s and women’s sweat-proof tee-shirts.
Who is the founder?
Billy Thompson founded the company. Thompson was inspired to create the product due to his own experience with hyperhidrosis, or excessive underarm perspiration.
How much were they seeking on Shark Tank?
They were seeking $700,000 for a 7% stake in the company.
Did they have the deal?
Yes, they had the deal with Robert.
How much was the deal?
Robert offered $700,000 for 25% equity shares of the company.
Is Thompson Tee still in business?
Yes, the company is still in business as of February 2022.
What are the products offered by Thompson Tee?
The company offers its tees on Amazon and directly through its website. Each tee shirt ranges in price from $25 to $32.
Where is Thompson Tee based?
Thompson Tee is based in New York City, New York.
What is the mission of Thompson Tee?
Thompson Tee’s mission is to protect the outerwear from the embarrassment of dirty, yellow sweat stains. They utilize Hyper Shield technology to prevent yellow stains, sweat and stink from soaking through your outer shirt.
How does the return policy work?
The purchase is RISK-FREE! They gladly accept returns on any opened or worn Thompson Tees for 30 days from the date of purchase, so feel free to wear and wash them! To view their comprehensive Returns policy.
Whom can I contact regarding my order?
Kindly write an email to [email protected] with any issues. Their first concern is customers’ 100% pleasure! Please contact us at any moment!
What is the cost of shipping?
All domestic orders over $50 qualify for free delivery. All foreign orders are subject to standard USPS and FedEx delivery fees. Visit their Shipping and Deliveries page for further information on international shipping.
Where can I purchase a Thompson T-shirt?
Customers may purchase a Thompson Tee on their website and on Amazon in the United States, Canada, and the United Kingdom.
Is there a risk-free trial period with Thompson Tee?
Yes! They gladly accept returns on all opened or used Thompson Tees for 30 days from the date of purchase. Customers are welcome to wear, wash, and experiment with it!
Is it possible to wear the undershirt straight from the package?
They recommend cleaning all items, particularly undergarments, before wearing them for the first time. This tightens the fibers even further, making them softer and comfier. However, because we utilize such high-quality, ultra-soft fabric, their undershirts are comfortable straight out of the packaging.
Can I sleep in the undershirt overnight?
They do not advocate sleeping in the Thompson Tee with Hydro-Shield Perspiration Proof Technology overnight, as underarm sweat is often non-existent while sleeping.
The Thompson Tee is a utilitarian garment. While sleeping in it is not an issue, they offer advice to enhance utility and minimize natural wear and tear, extending the shirt’s overall quality.
What is the mechanism of action of the Thompson Tee Hydro Shield sweat-proof barrier?
Their patented layering technology traps air pockets and promotes reverse osmosis, vaporizing perspiration and leaving them cool and dry.
What material is used to construct the underarm barrier?
Their integrated sweat-proof barrier is constructed using a stitching and layering method that combines a looped-knit fabric that absorbs sweat with an ultra-thin medical-grade film that prevents it from seeping through.
What distinguishes Thompson Tee from wearing a standard undershirt beneath my dress shirt?
They guarantee that no amount of perspiration will penetrate their sweat-proof barrier! Consider the following YouTube video as proof!
Is Thompson Tee offers a variety of color choices?
All Original Fit Thompson Tees for men and women are available in white, black, heather grey, and beige. All Slim Fit Thompson Tees for men and women are available in white and black.
Is Thompson Tee offers a variety of neckline variations?
Thompson Tees for men are available in crewneck, V-neck, and deep V-neck necklines. Currently, women’s Thompson Tees are only available in scoop neck.
Is the Thompson Tee readily tucked in?
Their shirts are longer in the back to help them stay tucked in without bunching. Other undershirts, such as Kleinert’s and Sweat shield, are longer, but Thompson Tee’s, according to one reviewer, are even longer.
Will wearing the Thompson Tee beneath my shirt make me feel disgusting or hot?
No, not. Once the sweat shields have absorbed the sweat, their patented layering technique produces air spaces. It allows reverse osmosis, which releases perspiration as vapor and a sensation of comfort and dryness.
Is the Thompson Tee a natural antiperspirant?
Yes! While most moisture-wicking fabrics are treated with harsh chemicals that wash out after a few washes, Thompson Tees are created with natural bamboo rayon and superior combed cotton.
Not only do they outlast other undershirts in terms of durability, but their sweat-absorbing properties also extend far beyond a few washes.
What is the net worth of Billy Thompson?
Billy Thompson’s net worth: $1.4 million.
