TrophySmack, based in Orange, California, is an innovative awards manufacturer specializing in unique and customizable trophies, championship rings, belts, and related products.
The company designs trophies for various sports, including football, baseball, basketball, soccer, hockey, golf, youth sports, and esports.
For fantasy football tournaments, having a grand trophy is essential for the winning team. In most games, trophies are awarded to both winning and losing teams, but a well-crafted trophy enhances the experience for the victors. Fantasy sports are popular in colleges, schools, and events, where the winning team receives their prize in the form of a trophy.
If you wish to customize a trophy to your specifications, TrophySmack offers options to create a personalized award.
| Company Name | Trophy Smack |
| Founder | Matt Walsh and Dax Holt |
| Product | customize your own fantasy sports trophies, rings, and belts |
| Asked For | $600,000 for 8% equity |
| Final Deal | $600,000 for 17% equity |
| Shark | Mark Cuban |
| Episode (Shark Tank USA) | Season 12 Episode 9 |
| Air Date | January 8, 2021 |
| Business Status | In Business |
| Headquarters | Orange, California, United States |
| Net Worth | $10 Million *estimated |
Who Is The Founder Of TrophySmack?
Matt Walsh and Dax Holt are the co-founders of TrophySmack, which they started in 2017.
Dax Holt is a well-known American reporter, Emmy-nominated producer, entrepreneur, and podcaster with 14 years of experience in the entertainment industry. He earned his bachelor’s degree from California State University, Fullerton.
Matt Walsh is an entrepreneur specializing in supply chain and logistics. He has extensive knowledge in logistics, having spent 13 years with Venture Logistics, Inc., where he has been actively involved in running the company.
Additionally, he serves on the Board of Directors for CSCMP Southern California Roundtable and has been a supply chain consultant for Echo Global Logistics for the past 10 years.
Did Trophy Smack Get a Deal on Shark Tank?
Matt and Dax, the founders of TrophySmack, delivered an impressive pitch that resonated well with the Sharks. They sought $600,000 in exchange for 6% equity in their company.
Initially, TrophySmack faced challenges, with a total investment of $250,000 and only $60,000 in sales at launch. However, their products sold well during the third week of the fantasy football draft season, with prices ranging from $150 to $200. The business boasts an impressive average profit margin of 80%, which surprised the Sharks.
In January 2018, they generated $850,000 in revenue, which grew to $1.9 million in 2019, yielding a gross profit of $775,000 and a net profit of $500,000.
Daymond John expressed his respect for athletes and sports fans but declined to invest, citing a personal commitment to avoid watching sports games after his marriage.
Kevin O’Leary, leveraging his extensive knowledge of the corporate market, offered $600,000 for 20% equity in the business. Mark Cuban believed the valuation was too low at 8% and countered with an offer of $600,000 for 17% equity, valuing the company at $3.5 million.
Lori Greiner showed interest but indicated she would withdraw if the founders considered her offer. Ultimately, Matt and Dax accepted Mark’s offer of $600,000 for 17% equity.
Trophy Smack Shark Tank Update
Before appearing on Shark Tank, TrophySmack primarily focused on football trophies. However, following their pitch, they expanded into various fantasy sports categories.
Since partnering with Mark Cuban, the company has experienced significant growth. By July 2021, their annual revenue reached $1 million. The month after the episode aired, they achieved record-breaking sales of $1.2 million.
TrophySmack has garnered recognition, receiving both Fantasy Sports Awards and Creating Awards. Mark Cuban expressed his enthusiasm for the investment, noting that he was drawn to a company that sells unique products.
In July 2022, the company expanded its workforce by hiring over 50 employees for the manufacturing and sales departments. To date, TrophySmack has achieved lifetime total sales of $10 million.
What Is Trophy Smack Net Worth?
After securing a deal on Shark Tank, TrophySmack sold $1 million worth of trophies within just one month. The majority of its sales occur during sports seasons, including football, basketball, and soccer.
A few years ago, the company reached $10 million in lifetime sales. Based on this growth, it can be inferred that TrophySmack’s net worth is now likely over $10 million.
