What Happened to Trophy Smack after Shark Tank?
What is Trophy Smack?
Trophy Smack makes one-of-a-kind trophies for almost any sport, especially Association football, as well as martial arts championship belts, signature rings, and a range of other sports-related bling.
In 2017, Matt Walsh founded the firm. Matt is a California State University-Fresno Business Entrepreneurship graduate who has put his knowledge to good use over the last 20 years.
He has created and held a number of executive positions in a range of enterprises.
I most recently worked as a consultant for a global logistics company that is publicly traded on the NASDAQ. He is still in charge of Trophy Smack accessories today.
They also make draft boards for league championships, engrave items, and sell a range of sporting insignia and accessories.
Its major product is trophies, which are available in 1000 various fantasy trophy combinations with interchangeable toppers.
The high-quality trophies are available in sizes ranging from 26′′ to 56′′ in four anodized metal column colors for football, baseball, basketball, soccer, and kids sports. By using the Laser Engraving technology, championship belts, rings, and other such awards flex the names of the leagues as well as the victors.
Who is the originator of Trophy Smack?
Matt Walsh is the creator of Trophy Smack. Trophy Smack was created in 2017 and incorporated as a company in 2018; it is based in California, USA.
Trophy Smack’s creators, Matt Walsh and Dax Holt, suggested the concept of manufacturing customizable trophy toppers in January 2018.
Walsh is the creator of four start-up companies, and his love of Fantasy Football inspired him to create products for sports lovers like himself.
Holt, the co-founder, is an Emmy-nominated producer with years of experience in the entertainment industry as well as a strong creative perspective.
Trophy Smack has grown and its goods have been well-known across the world since its debut. The firm has been featured on ESPN’s Sports Center website, the “Hot From The Lab” blog, and on television shows such as ESPN, ABC World News Tonight, and CBS Evening News With Scott Pelley.
Trophy Smack’s Shark Tank pitch: What Happened?
After Matt Walsh and Dax Holt created the concept, they sought investment from Shark Tank investors.
Matt and Dax entered the Shark Tank seeking $600,000 for a 5% stake in their firm, which is worth $7.5 million.
Matt explains how he used his manufacturing and logistics background to disrupt and improve the pretty staid trophy market.
The Sharks are ecstatic with the sales figures: $850,000 in 2018, $1.9 million in 2019, and $650,000 through July 2020 throughout the Covid-19 outbreak.
They claim to be seeking for a Shark to help them advance in sales management, venues, and commemorative souvenirs.
The bids come in thick and fast, but Mark offers $600,000 for 17% ownership of the company at a valuation of $3.5 million, and Mark Cuban needs a response quickly. The guys eagerly accept, and the offer from Mark Cuban and they exited the pitch with a deal.
What happened to Trophy Smack after Shark Tank?
A year after the episode aired, the deal between Matt, Holt, and Mark Cuban was concluded.
The firm is doing well in business; as of July 2021, the company’s yearly revenue is $1 million.
Trophy Smack’s competitors
Other trophy firms include Souvenir Trophies, Trophy-A-Bration, NFL Trophies, Trophy Rush, Trophy Life, Trophy Kids, and more.
Trophy Smack’s net worth
The firm was valued at $7.5 million during the Shark Tank presentation, and following Mark Cuban’s transaction, the company was valued at $3.5 million.
Since then, they have made multiple sales, causing the company’s price to rise in 2021.
Trophy Smack FAQs
Who are the Trophy Smack founders?
The company is owned by Matt Walsh and Dax Holt.
What does Trophy Smack offer?
Trophy Smack offers customized trophies and memorabilia for a wide range of sports, with customizable toppers for customizing the trophies.
What is Trophy Smack made of?
Trophy Smack is made of three types of metals in three different colors: aluminum, copper, and brass.
What kind of trophies do you make?
Trophy Smack offers one-of-a-kind trophies for nearly any sport, especially in the sports of football, baseball, basketball, soccer, and martial arts. There are more than a thousand trophy combinations available to order today.
How much does Trophy Smack cost?
The company charges from $300-$4000 for their products.
Who are the target audience of Trophy Smack?
Anyone who is passionate about sports and would like to show it off.
Who are Trophy Smack competitors?
There are numerous trophy firms, including Trophy Rush, Trophy Life, and more.
Why are the trophies customized?
Because trophies today have become boring. With the help of customizable toppers, you can use your favorite superhero or other character to make the trophy stand out from the rest of the crowd.
What is Trophy Smack warrant?
Trophy Smack has a 30-day warranty.
Where is Trophy Smack located?
The company is located in California, United States.
What is the advantage of using Trophy Smack?
Customer can make any trophy unique and unlike anything else in the world and choose whatever topper they want for their trophy.
What are the advantages of using Trophy Smack?
The firm guarantees 100% customer satisfaction. The products are customized, allowing customers to make their trophies stand out from the rest of the trophies.
Who are the Trophy Smack customers?
The firm has numerous regular customers from the United States and around the world.
How long Trophy Smack is takes in delivery?
Delivery can take around 4 days, but there can be delays.
Who are the Trophy Smack competitors?
There are numerous trophy firms, including Trophy Rush and Trophy Life.
What are the Trophy Smack locations?
Trophy Smack has no brick-and-mortar location yet. The company is entirely internet based.
What is the signature item of Trophy Smack?
The signature item of the firm is football trophies.
What is the return policy of Trophy Smack?
Trophy Smack has a 30-day warranty if the product is damaged.
How do I make payment to Trophy Smack?
Customers can make payment via PayPal and credit cards.
Why should I register with Trophy Smack?
To get a better deal on products, a customer can sign up for the mailing list and receive an email every month containing valuable information on discounts, sales, new products, news, and tips. These emails include valuable information for customers to make informed decision about Trophy Smack items.