Evan Mendelsohn and Nick Morton launched Tipsy Elves in 2011 to bring humor and fun to holiday-themed clothing. After their 2013 appearance on Shark Tank, they secured a $100,000 investment from Robert Herjavec for 10% equity.
This led to rapid growth, with Tipsy Elves surpassing $125 million in lifetime sales by 2019. Today, the company offers festive apparel for all occasions, including Halloween, St. Patrick’s Day, and patriotic holidays.
Tipsy Elves remains privately owned, with no acquisitions or crowdfunding involved, and continues to thrive as a leader in quirky and creative clothing.
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Join Us TodayTipsy Elves Net Worth
| Net worth | $20 Million (2025) |
| Annual Sales Revenue | $11.3 Million |
| Lifetime sales | $70 Million |
| Shark Tank Investor | Robert Herjavec |
| Founders | Nick Morton and Evan Mendelsohn |
| Employees | <30 |
Tipsy Elves Pitch on Shark Tank
| Company name | Tipsy Elves |
| Product | A Christmas collection |
| Episode | Season 05 Episode 12 |
| Founders | Nick Morton and Evan Mendelsohn |
| Asked for | $100,000 for 5% Equity |
| Final deal | $100,000 for 10% Equity |
| Shark / Sharks | Robert Herjavec |
| Location | San Diego, California |
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Tipsy Elves Founders
Tipsy Elves was founded by Nick Morton and Evan Mendelsohn in 2011. Evan Mendelsohn is the Co-Founder and Co-CEO at Tipsy Elves.
Nick, the other person is the Co-Founder and Co-CEO at Tipsy Elves. Tipsy Elves’s founders, Nick Morton and Evan Mendelsohn, have a net worth of 20 Million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2011 | Launched Tipsy Elves’ first collection through their website. |
| 2013 | Appeared on Shark Tank season 5 , and Robert Herjavec invested $100,000 for 10% Equity. |
| 2019 | Reveal tipsy elves’ lifetime sale is 125 Million USD. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Tipsy Elves and its continued success.