You may have searched for an ugly Christmas sweater at some point in your life. If you did, then there\u2019s no doubt you\u2019ve seen one of Tipsy Elves\u2019s products. <\/p>\n\n\n\n
\nThe brand is a Shark Tank success story and as of 2023, Tipsy Elves\u2019 net worth is $20 million. They make roughly $6 million annually.\u00a0\u00a0<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
Quick Facts (Tipsy Elves at a Glance) <\/h2>\n\n\n\n
\n
- Shark Tank Episode: Season 5, Episode 12<\/li>\n\n\n\n
- Aired: December 13, 2013 <\/li>\n\n\n\n
- Founders: Nick Morton and Evan Mendelsohn <\/li>\n\n\n\n
- Investor: Robert Herjavec <\/li>\n\n\n\n
- Final Deal: $100,000 for a 10% stake <\/li>\n\n\n\n
- Status: Operational <\/li>\n<\/ul>\n\n\n\n
About Tipsy Elves <\/h2>\n\n\n\n
Tipsy Elves<\/a> began as a company selling ugly Christmas sweaters with fun and witty twists. The idea came from a tipsy Santa and his elves making clothing up at the North Pole. <\/p>\n\n\n\n
The brand uses high-quality materials and unique designs to make clothing that fits well. Its mission is to design products that turn any occasion into an unforgettable one. <\/p>\n\n\n\n
Tipsy Elves Founders <\/h2>\n\n\n\n
After quitting his job in the law industry, Evan Mendelson started work as a search engine optimization specialist. That\u2019s when he found out that \u201cugly Christmas sweater\u201d is a google search with high traffic. <\/p>\n\n\n\n
Realizing the potential in the niche industry, he asked his friend, Nick Morton, to teach him how to design clothes using Photoshop. The two would start Tipsy Elves in 2011.\u00a0<\/p>\n\n\n\n
Tipsy Elves Before Shark Tank <\/h2>\n\n\n\n
\nDuring the first two years of Tipsy Elves, the brand managed to sell $1.35 million worth of products. $862,000 of these sales happened in 2012 through Amazon.\u00a0<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
They would then draw the attention of wholesale brands like Urban Outfitters<\/a>. However, the two felt like they were reaching the peak of what they could do alone. By this point, they had already become the top result for ugly Christmas sweaters. <\/p>\n\n\n\n
It was around this time that they would come across an ad for Shark Tank auditions. They figured it was worth a shot! <\/p>\n\n\n\n
The Pitch <\/h2>\n\n\n\n
During their pitch, Nick and Evan brought in a few of their closest friends to do a mini fashion show. Their friends came in with sweaters depicting Santa falling off his sleigh as he\u2019s dragged by reindeer. Another was of bucktooth Rudolf. <\/p>\n\n\n\n
\nThe duo requested $100,000 for 5% equity. However, the sharks were straight-faced throughout the whole presentation. At first, it looked like none of them were buying it.\u00a0\u00a0<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
Eventually, Kevin O\u2019Leary would make a deal. He\u2019d pay $100,000 but wanted a 0% stake. He instead wanted to receive $2 per sweater sold by Tipsy Elves. <\/p>\n\n\n\n
Robert Herjavec countered this with a proposal to pay $100,000 for 10% of the company.<\/strong> Nick and Evan chose Robert since he\u2019d serve as a mentor, whereas Kevin only wanted the money.\u00a0<\/p>\n\n\n\n
After Shark Tank <\/h2>\n\n\n\n
After the show aired, Nick and Evan presented new lower-end products to Robert. However, he advised them against it and recommended they stick to their high-quality clothing. The duo took this advice and haven\u2019t regretted it since. <\/p>\n\n\n\n
Just 2 years after the show aired, they made $10 million in sales. They moved into a new office and even got a deal to sell sweaters worn by the main characters in the movie The Night Before<\/em>. <\/p>\n\n\n\n
\nToday, the company has 45 employees, and it expects to make $200 million in lifetime sales.\u00a0<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
For their 10th anniversary, they set the record for the world\u2019s largest ugly Christmas sweater<\/a>! <\/p>\n\n\n\n
Tipsy Elves Products <\/h2>\n\n\n\n
Tipsy Elves expanded their line and now make beautiful snow suits and apparel for any occasion. From Mardis Gras and Valentine\u2019s to St. Patrick\u2019s Day, you\u2019re sure to find an item you\u2019ll love. <\/p>\n\n\n\n
Final Thoughts <\/h2>\n\n\n\n
Tipsy Elves\u2019s net worth shows us that even an ugly sweater is invaluable. <\/p>\n\n\n\n
We\u2019re sure that the company wouldn\u2019t achieve this success without incorporating fun into everything they do. Make your holidays more memorable by checking out Tipsy Elves\u2019s store<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"
You may have searched for an ugly Christmas sweater at some point in your life. If you did, then there\u2019s no doubt you\u2019ve seen one of Tipsy Elves\u2019s products. The brand is a Shark Tank success story and as of 2023, Tipsy Elves\u2019 net worth is $20 million. They make roughly $6 million annually.\u00a0\u00a0 Quick […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[6],"tags":[],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"qubely_featured_image_url":null,"qubely_author":{"display_name":"Jan","author_link":"https:\/\/jhweb.tech\/author\/jan\/"},"qubely_comment":0,"qubely_category":"Net Worth<\/a>","qubely_excerpt":"You may have searched for an ugly Christmas sweater at some point in your life. If you did, then there\u2019s no doubt you\u2019ve seen one of Tipsy Elves\u2019s products. The brand is a Shark Tank success story and as of 2023, Tipsy Elves\u2019 net worth is $20 million. They make roughly $6 million annually.\u00a0\u00a0 Quick…","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","qubely_landscape":"","qubely_portrait":"","qubely_thumbnail":""},"post_excerpt_stackable":"
You may have searched for an ugly Christmas sweater at some point in your life. If you did, then there\u2019s no doubt you\u2019ve seen one of Tipsy Elves\u2019s products. The brand is a Shark Tank success story and as of 2023, Tipsy Elves\u2019 net worth is $20 million. They make roughly $6 million annually.\u00a0\u00a0 Quick Facts (Tipsy Elves at a Glance) Shark Tank Episode: Season 5, Episode 12 Aired: December 13, 2013 Founders: Nick Morton and Evan Mendelsohn Investor: Robert Herjavec Final Deal: $100,000 for a 10% stake Status: Operational About Tipsy Elves Tipsy Elves began as a company selling…<\/p>\n","category_list":"Net Worth<\/a>","author_info":{"name":"Jan","url":"https:\/\/jhweb.tech\/author\/jan\/"},"comments_num":"0 comments","_links":{"self":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/744"}],"collection":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/comments?post=744"}],"version-history":[{"count":2,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/744\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/744\/revisions\/923"}],"wp:attachment":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/media?parent=744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/categories?post=744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/tags?post=744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}