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Shark Tank: TrophySmack Accepts $600,000 From Mark Cuban

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Matt Walsh is a self-proclaimed addict. He is addicted to winning. After winning a fantasy sports league with his friends, Matt tried to buy himself a trophy to gracefully remind his friends of his success. Because he was not able to easily find a customizable trophy he, along with his friend, Dax Holt, decided to create their own company, TrophySmack. With a background in logistics and a passion for competition, Matt has been able to revolutionize the trophy industry which has been relatively stagnant in its designs and evolution. With his knowledge of manufacturing, Matt has been able to overcome various assembly hurdles to reduce costs while being able to create a variety of customizable solutions.

TrophySmach is looking for a Shark that is willing to invest $600,000 in exchange for 8% equity. Their ideal Shark will help them to expand their business into the corporate environment. Initially, the Sharks did not believe this could be a big enough business to invest in, however, after learning about the financial growth of the company over the last several years, they changed their mind. In 2018, TrophySmack brought in $850,000 in revenue. In 2019 that number more than doubled, to $1.9 million. Despite the pandemic, at the time of filming in 2020, they had already brought in $650,000 in sales.

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    As offers from the Sharks began to flood in, it became apparent that Matt and Dax came to the Shark Tank in hopes of partnering with Mark Cuban. They share that they have a vision of expanding their current business model not just to corporate America, but also into arenas and commemorative sports items. There is no better Shark to help them with that journey than Mark. Although other offers are on the table and other Sharks are attempting to extend offers to TrophySmack, Mark Cuban does come in with an offer that he says requires an immediate answer. If they hesitate or consider any other offers, he will pull his offer off the table. Mark will invest $600,000 in TrophySmack in exchange for 17% equity. Matt and Dax quickly accept his offer.

    Do you think that TrophySmack is an investible company? If you were a Shark would you have invested in this company? Do you feel that Mark is the best partner for this business? Start the conversation in the comments below.


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