Trophy Smack Net Worth
Trophy Smack is a company that sells trophies and other awards. Its net worth is estimated to be around $3.5 million. The company was valued at $7.5 million before appearing on Shark Tank, but the current value is lower than that.
What is Trophy Smack and Who is the Founder OF Trophy Smack?
Trophy Smack is a company that specializes in producing unique trophies and championship belts for a variety of sports, including football, martial arts, and others.
Founded by Matt Walsh in 2017, the company also offers engravings, athletic emblems, and accessories.
Trophy Smack’s trophies are of high quality and are available in 26”-56” sizes with four anodized metal column colors. The company’s main product, trophies, comes in 1000 different fantasy trophy combinations with swappable tops.
Championship belts, rings, and other rewards are customized with the names of the leagues and the victors through laser engraving. In addition to being featured on ESPN Sports Center’s website and various TV shows, Trophy Smack has gained global recognition since its inception.
Trophy Smack Shark Tank pitch
After inventing their concept, Trophy Smack founders Matt Walsh and Dax Holt sought investors on Shark Tank for a funding boost. They asked for $600,000 for a 5% stake in their company, which was valued at $7.5 million.
Matt pitched their disruptive trophy industry idea by leveraging his manufacturing and logistics experience. The Sharks were impressed with their sales figures, which were $850,000 in 2018, $1.9 million in 2019, and $650,000 through July 2020, despite the Covid-19 pandemic.
The bids came in quickly, but Mark Cuban offered $600,000 for a 17% ownership stake in the company at a valuation of $3.5 million, requiring an immediate answer. The founders accepted, and the deal was sealed with Mark Cuban. The transaction was finalized a year after the show aired.
Trophy Smack’s business has been doing well, with annual revenue of $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 Mark Cuban’s deal, the company was valued at $3.5 million. Since then they have had several sales which have made the valuation of the company 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.