Whatever Happened To Trophy Smack After Shark Tank?
Trophy Smack got its start through a very special collaboration. Matt Walsh, a supply chain management expert, and Dax Holt, a former entertainment writer, producer, and reporter for TMZ, both had a love for fantasy football and entrepreneurship. So in 2018, they combined their talents to bring Trophy Smack to life. The company specializes in designing and sending out trophies to top winners of fantasy football, basketball, soccer, and baseball leagues.
On Season 12 of “Shark Tank,” the duo appeared asking for an investment of $600,000 for 8% of their company. The sharks, while taken aback at first by the immense valuation, are impressed when hearing their numbers. The team has excellent margins of 80% all while managing to increase revenue annually while making a profit, even during the COVID-19 pandemic. Daymond John drops out, not seeing the value of investing in fantasy sports. Kevin O’Leary, while having some worries about competition, offers $600,000 for 25% of the business, feeling he can find a way to work it into the corporate market.
Mark Cuban throws his hat into the ring with an offer of $600,000 for 17% of the company. However, he isn’t willing to wait for an answer, threatening to drop out if they take the time to listen to Lori Greiner’s forthcoming proposition. In the heat of the moment, the duo decides to go with Cuban without getting to hear Greiner.
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