Thompson Tee Update | Shark Tank Season 8

Billy Thompson’s excessive underarm sweating (called hyperhidrosis) drove him to design a tee shirt that would block sweat, sparing wearers from embarrassing stains and costly clothing damage. With the help of his friend, designer Randy Choi, who also suffers from hyperhidrosis, they developed the patented hydro-shield sweat-proof technology. This innovation offers wearers a breathable, sweat-blocking solution that keeps their outerwear dry and stain-free. Let’s see how the negotiations go for Billy and Randy in our Thompson Tee update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Thompson Tee after Shark Tank.

Billy and Randy entered Shark Tank Season 8, seeking $700,000 for 7% equity in their sweat-proof t-shirts. After their presentation, they reached an agreement for a deal with Robert Herjavec for $700,000 for 25% equity.

In terms of a Thompson Tee update, the company expanded its product line, adding new styles and colors to its sweat-proof undershirt collection. Additionally, they have grown to an annual revenue of $10 million since Shark Tank.

Shark	Result
Robert Herjavec	Accepted offer of $700,000 for 25% equity.
Kevin O’Leary	$700,000 as a loan at 18% interest for 7% equity
Mark Cuban	No offer
Lori Greiner	No offer
Daymond John	No offer

Shark Tank Thompson Tee Pitch

• Entrepreneurs: Billy Thompson and Randy Choi
• Business: Patented sweat-proof undershirt
• Ask: $700,000 for 7% equity
• Result: $700,000 for 25% equity
• Shark: Robert Herjavec

Billy and Randy’s mission to help people face the challenge of excessive sweating head-on brought them to Shark Tank.

They are seeking a $700,000 investment to bring manufacturing in-house to gain better control over production and costs.

Specifically, Thompson Tee is a direct-to-consumer clothing brand offering sweat-proof undershirts designed specifically for individuals dealing with hyperhidrosis or occasional excessive sweating.

These unique tees feature a patented “Hydro-Shield” technology with three layers in the armpit area.

Additionally, a medical-grade polymer layer prevents moisture from passing through, effectively addressing underarm sweat stains.

Thompson Tee manufactures its products in the USA and sells them exclusively online through its website and Amazon.

This approach helps them reach a broad audience while maintaining control over quality and distribution.

It costs $8.50 to make and sells for $25 to $30. In its first year, the entrepreneurs revealed to the sharks they made $90,000 in revenue, which grew to $500,000 in the second year.

By their fifth year, they project to reach $4 million in sales

However, Daymond John says bringing manufacturing in-house would waste time and money. He’s also not interested in the high valuation. He’s out.

Likewise, Kevin O’Leary hates the valuation and goes out

Mark Cuban says he’s uncomfortable with the lack of a clear plan for the funds. He exits the negotiations as well.

Lori Greiner acknowledges the product’s potential and their current success but admits she isn’t particularly passionate about it. She declines to make an offer.

Then, Robert Herjavec expressed his interest in the product, noting that he understands the problem of excessive sweating.

He offered $700,000 for a 25% equity, which was significantly higher than the 7% Billy and Randy initially requested.

At this point, Kevin returns with a different offer: a $700,000 loan with 18% interest and 7% equity.

After some hesitation, Billy and Randy ultimately accepted Robert’s offer of $700,000 for 25% equity.

To find out what happened next for their company, keep reading our Thompson Tee update.

Shark Tank Thompson Tee Update

Our Thompson Tee update found that the deal with Robert Herjavec was not finalized.

After airing, Thompson Tee expanded its product line to include various styles and colors of sweat-proof undershirts for both men and women.

Our research on the Thompson Tee update found that the company reported $9 million in total revenue in 2017.

During the COVID-19 pandemic, they also introduced face masks to their product line.

At the time of writing our Thompson Tee update, the company has grown to around $10 million in annual revenue.

We are calling this a success and can’t wait for another exciting Thompson Tee update.

Check out our other company updates from Season 8 Episode 23 below:

• Wallet Buckle Update
• Rumi Spice Update
• Peoples Design Update

Before you go, be sure to check out our list of all the Shark Tank Season 8 products.