TrophySmack Update | Shark Tank Season 12

Fantasy football has become more prominent over the years and Matt Walsh and Dax Holt decided they wanted to bring the game to the next level with their novelty trophies and rings. Will they get a deal on Shark Tank Season 12? Find out in our TrophySmack update!

Shark Tank TrophySmack Update

TrophySmack Update

  • Entrepreneur: Matt Walsh and Dax Holt
  • Business: Custom trophies for fantasy sports
  • Ask: $600,000 for 8% equity
  • Result: $600,000 for 17% equity
  • Shark: Mark Cuban

Matt and Dax brought their company TrophySmack to Shark Tank Season 12 Episode 9. The company basically creates and sells customizable sport-themed trophies for the winners (and losers) of their fantasy sports league.

TrophySmack Perpetual Fantasy Football Trophy

Exclusively designed and manufactured by TrophySmack, our Perpetual Fantasy Football Trophy will take your fantasy victory to the next level. If you and your league aren’t afraid of some bling, this is the trophy for you.

We earn a commission if you make a purchase, at no additional cost to you.

Every year, over 50 million Americans are locked in intense battles of wits, skill, and strategy, all in the name of fantasy sports. And for what? Bragging rights and the much-coveted championship trophy.

Trophy Smack promises an elevation to this tradition, providing personalized and flashy trophies that scream “Winner!”.

Matt posed a scenario where victors could proudly walk into draft parties showcasing their stunning, over-the-top championship trophies.

Their business model offered an endless array of designs and customizations, allowing every champion to truly stand out.

Demonstrating their commitment to the pitch, the duo presented each shark with a custom-designed trophy, invoking reactions of awe and humor.

When quizzed on the origin of Trophy Smack, Matt recounted a story familiar to many: the dissatisfaction with the monotony of traditional trophies.

With most awards looking outdated and generic, the desire for a fresh and exciting trophy was palpable.

Trophy Smack’s creations could be customized down to the minutiae – from the figure on top to the colors of the plaque.

Financially, things seemed promising. A mere $60,000 investment catapulted them to $850,000 in sales in their first year.

By the next, TrophySmack boasted sales of $1.9 million. Their product’s average price hovered around $100, with a striking profit margin of 80%.

Despite the challenges of the pandemic, Trophy Smack’s revenues remained resilient. They saw their scope extending beyond fantasy sports, hinting at potential ventures into employee recognition.

However, the true gem of their pitch was the company’s unique approach to assembly. Traditional trophies were cumbersome and expensive to assemble.

Trophy Smack had innovated a system that drastically reduced assembly costs, giving them a competitive edge.

As negotiations got started, things went really well for Matt and Dax on Shark Tank and TrophySmack left with a deal from Mark Cuban of $600,000 for 17% equity.

Keep reading our TrophySmack update to find out how the company faired after Season 12!

We have great news to share in our TrophySmack update! Following their appearance on Shark Tank, TrophySmack has done 1.2 million in sales for a total of $10 million in lifetime sales.

The company is also expanding its reach outside of fantasy football, offering trophies, rings, belts, and more for other sports.

TrophySmack has an estimated net worth of over $5 million! We’d say they’ve done pretty well, and with the continued popularity of fantasy sports, they will certainly continue to succeed!

You can check out all of their offerings on the TrophySmack website and on Amazon.

For updates on the other companies that appeared on Shark Tank Season 12 Episode 9, be sure to check out the links below:

For a full list of Shark Tank Season 12 products, be sure to check out our Season 12 products page.

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!