The world has gone crazy for fantasy sports, and every year millions of people compete for the right to brag. A prevalent issue encountered by most athletes is the absence of captivating awards to commemorate their triumphs. Conventional trophies frequently have a generic, uninteresting appearance that doesn’t adequately convey the thrill of winning a fantasy league.
After realizing this problem, Matt Walsh and Dax Holt developed a solution. They established Trophy Smack, a business that sells personalized rings and trophies made especially for fans of fantasy sports. With prizes that accurately capture the thrill of the game, they aimed to enhance the experience of winning in fantasy leagues and make it even more memorable.
They sought to raise money to extend their creative trophy business on Shark Tank Season 12. Matt and Dax asked for $600,000 in exchange for 8% equity in their company. Did the entrepreneur get a deal on Shark Tank? Check out our Trophy smack update to find out!
trophy smack Net Worth Shark Tank Update 2025
Matt Walsh and Dax Holt asked for a $600k investment in exchange for 8% equity in their company. This meant they valued their company at $7.5 million. They made a deal with Mark Cuban for $600k in exchange for 17% of their company. This new deal valued their company at approximately $3.53 million. After the show aired, TrophySmack saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of TrophySmack is about $5.1 million.
TrophySmack saw substantial development and success after its Shark Tank appearance. Following the performance, the company made an astounding $1.2 million, increasing its lifetime sales to over $10 million. This achievement shows how successfully the product connected with consumers.
Trophy Smack’s product line was extended beyond fantasy football to include belts, rings, and trophies for other sports. The company is still operating and doing well as of today, and its projected net value is more than $5 million. They are a well-liked option for sports fans searching for something unique because of their creative approach to making personalized trophies.
Yes, Trophy Smack could close a deal on Shark Tank. Matt and Dax requested $600,000 in return for 8% of their business. After some haggling, though, they agreed to Mark Cuban’s offer of $600,000 for 17% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Mark Cuban | $600,000 for 17% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $600,000 for 25% equity | N/A | No |
| Daymond John | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
Trophy Smack Shark Tank pitch
Matt Walsh and Dax Holt founded Trophy Smack because they thought the current trophy selections lacked the thrill of fantasy sports and were boring. When gamers won, they wanted to provide something that would make them feel unique.
They encountered difficulties in the early phases of product development, such as locating suitable suppliers and producing designs that were easily adaptable.
Their perseverance paid off despite these obstacles, and a business that has established itself in the fantasy sports industry was born.
Matt and Dax showed their distinctive trophies and described how customizable they were during their Shark Tank pitch. They talked about their business strategy, which let clients design prizes that reflected the character of their league. They attracted the Sharks’ interest by showcasing the countless customization possibilities, including colors and figures on top.
The entrepreneurs made a solid case for funding by highlighting their remarkable sales figures, which showed the enormous demand for their products. Keep reading our Trophy Smack update to see what happens next!
The founders of Trophy Smack provided detailed answers to all the Sharks’ inquiries:
Kevin asked how much money they invested in the business. The founders replied together they invested $250,000 in the business.
Mark Cuban asked how much they sell. Matt clarified that their first year’s sales were $850,000, and they expected significantly greater sales the following year.
Lori Greiner wanted to know about their shipping policy. Dax retorted that they had expedited the assembling procedure, resulting in cheaper and quicker shipping.
Kevin O’Leary asked about the profit margins and the price of the product. Matt said that they were highly profitable, with an average profit margin of over 80%. They sell the product for $150 to $160.
Kevin further asked about the sales. The founders responded that in 2018; they did $850,000 in sales and $1.9 million in 2019 with a $775,000 gross profit.
Lori questioned why they needed this investment. The founders responded they need a strategic partner, that will help them do 10 times better every year.
Kevin saw the potential in the business and offered $600,000 for 25% equity.
Mark Cuban was especially pleased with the product and the enthusiasm of the founders. Trophy smack’s ability to be customized appealed to him. He offered $600,000 for 17% equity.
The other Sharks, though, weren’t so sure. Daymond John and Barbara Corcoran chose not to take part, citing a variety of worries over the company’s scalability and competition.
Lori Greiner was interested in investing, but the founders accepted Mark’s deal before listening to Lori’s offer.
In the end, Matt and Dax could close a transaction with Mark Cuban, which aided in growing their company.
Product Availability
Different sports themes, colors, and trophy shapes are just a few of the customization options available for TrophySmack’s distinctively designed goods. These trophies are available for purchase on Amazon and the TrophySmack website. The average trophy costs about $100, though prices vary. Customers may more easily get their personalized trophies on time thanks to their creative assembly system, which not only saves money but also enables speedy delivery.
Conclusion
Through its successful Shark Tank journey, Trophy Smack transformed an idea into a flourishing company that closes a gap in the fantasy sports industry. Many players have responded favorably to their distinctive, customizable awards, which have led to remarkable sales and a solid market presence.
Trophy Smack appears to have a bright future as they are branching out into different sports and adding more items to their lineup, such as belts and rings. In the upcoming years, fantasy sports enthusiasts may expect even more thrilling products from this forward-thinking business.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
