Trophy Smack Shark Tank Update| Trophy Smack after Shark Tank
What is Trophy Smack?
Trophy Smack creates unique trophies for practically all sports, primarily Association football, as well as martial arts championship belts, signature rings, and a variety of other sports-related bling.
Matt Walsh is the founder of the company in 2017. Matt is a Business Entrepreneurship graduate of California State University-Fresno who has put his education to good use over the last roughly 20 years.
He has developed and held various executive roles in a variety of businesses.
Most recently, I worked as a consultant for a multinational logistics business listed on the NASDAQ. He still operates Trophy Smack accessories today.
They also create draft boards for league championships, perform engravings, and offer a variety of athletic emblems and accessories.
Its main product is trophies, which come in 1000 different fantasy trophy combinations with swappable tops.
The high-quality trophies are available in 26′′-56′′ sizes and four anodized metal column colors for football, baseball, and basketball, soccer, and youth sports.
The championship belts, rings, and other similar rewards flex the names of the leagues as well as the victors by applying the technique of Laser Engraving.
Who is the Founder OF Trophy Smack?
The founder of Trophy Smack is Matt Walsh. Trophy Smack was founded in 2017 and incorporated as a business in 2018; it’s situated in California, United States.
In January 2018, Trophy Smack’s founders, Matt Walsh and Dax Holt, proposed the idea of making customizable trophy tops.
Walsh is the founder of four start-up firms, and his passion to Fantasy Football planted the seed in his head to offer items to the market for sports fans like him.
Holt, the co-founder, is an Emmy-nominated producer who brings years of expertise in the entertainment business as well as a sharp inventive viewpoint to the table.
Since inception, Trophy Smack has expanded and its products have come to be known worldwide. The company has been featured on the ESPN Sports Center’s website, “Hot From The Lab” blog, and on TV shows such as ESPN, ABC World News Tonight, and the CBS Evening News With Scott Pelley .
What Happened to Trophy Smack at Shark Tank pitch?
Eventually, after Matt Walsh and Dax Holt invented the concept, they sought Shark Tank investors for a funding boost.
Matt and Dax were asking for $600,000 for a 5% interest in their company, which is valued at $7.5 million.
Matt describes how he leveraged his manufacturing and logistics experience to disrupt and enhance the fairly staid trophy industry.
The Sharks are excited about the sales figures: $850,000 in income in 2018, $1.9 million in 2019, and $650,000 through July 2020 during the Covid-19 epidemic.
They claim they are looking for a Shark to assist them develop into sales management, arenas, and commemorative souvenirs.
The bids pour in thick and fast, but Mark offers $600,00 for 17 percent ownership of the firm at a valuation of $3.5 million, and Mark Cuban requires an answer immediately soon. The men readily accept, and the deal is completed with Mark Cuban.
What Happened to Trophy Smack after Shark Tank?
The transaction between Matt, Holt, and Mark Cuban was finalized a year after the show aired.
The company is doing well in business; the company have annual revenue is $1 million as of July 2021.
Competitors of Trophy Smack
The company competes with other trophy companies such as Souvenir Trophies, Trophy-A-Bration, NFL Trophies, Trophy Rush, Trophy Life, Trophy Kids, and more.
Net Worth of Trophy Smack
The company was valued at $7.5 million during the Shark Tank pitch and after the Mark Cuban’s deal the company valued at $3.5 million and since then they have makes several sales which has make the valuation of the company to increase in 2021.
Trophy Smack FAQs
What is Trophy Smack?
Trophy Smack creates unique trophies for virtually all sports, primarily Association football, as well as martial arts championship belts, signature rings, and a variety of other sports-related bling.
Who is the founder?
Matt is the founder of the company in 2017.
What is their offer at Shark Tank?
They were seeking for $600,000 for a 5% interest in their company, which is valued at $7.5 million.
Did they get an offer?
Yes, they received an offer from Mark Cuban.
What was the offer?
They offer $600,000 for 17% ownership at valuation of $3.5 million.
Did they get a deal with Mark Cuban?
Yes, they did.
What is the Net worth of Trophy Smack?
The company was valued at $7.5 million during the Shark Tank pitch and after the Mark Cuban’s transaction the company valued at $3.5 million and since then they have makes several sales which has make the valuation of the company to increase in 2021.
Is still in business?
Yes, the company is still in business, and they still selling their products.
What is the Business Model?
The company has trophies, championship belts, rings, and other similar rewards that flex the names of the leagues as well as the victors by applying the technique of Laser Engraving.
What Are Their Products?
The main product is trophies, which come in 1000 different fantasy trophy combinations with swappable tops.
How many employees does Trophy Smack have?
They have more than 20 employees as of July 2021.
What happened to them after their shark tank appearance?
The company is doing well in business; the company has annual revenue is $1 million as of July 2021.
Who are the competitors?
Competitors like Trophy Rush, Trophy Kids, Souvenir Trophies, and more.
Is it profitable?
Yes, the company is profitable as of July 2021.
How does it make money?
The company makes money by selling the trophies to various events.
What is their strategy to grow?
They want to expand their business outside the US by doing more aggressive advertising campaigns.
How do I contact?
Anyone who is interested in Trophy Smack can contact Matt Walsh via [email protected]
Is any opportunity?
Yes, the opportunity is still open and there will be more opportunities.
Is Trophy-A-Bration related to Trophy Smack?
No, Trophy Smack is not related with Trophy-A-Bration, but they both have similar products.
Where are their head offices?
They have head office in California, United States.
When they started their business?
They started their business in 2017.
Is it legit?
Yes, it is legit and the opportunity is still open.
Is Trophy Smack any good?
Yes, Trophy Smack is amazing and it is very unique.
How many products do they have?
They have more than 1000 different products as of July 2021.
What kind of team do they have?
They have a great team as of July 2021.
What is the reputation of Trophy Smack?
The reputation of the company is excellent as of July 2021.
What is the marketing strategy?
The marketing strategy is aggressive advertisement.
How does Trophy Smack do their advertising?
The company does it via social media, TVs, internet and more.
Where did the idea of the company come from?
The idea came from a popular sport, football.
What is their mission?
Their mission is to provide affordable trophies of high quality.
What is the net worth of Matt Walsh?
The net worth of Matt Walsh is estimated at $4 million.