Tipsy Elves Net Worth 2023 Update (Before & After Shark Tank)

Tipsy-Elves

Tipsy Elves, a Christmas collection business, was started by Nick Morton and Evan Mendelsohn in October 2011. As of August 2023, Tipsy Elves net worth is $20 million. And they’re pulling in a whopping $11.3 million in annual revenue. 

In December 2013, they appeared on Season 5 of Shark Tank USA. And made a deal with Robert Herjavec for $100,000 for 10% of equity. The final valuation was $1 million, down from the founder’s initial estimate of $2 million.

In August 2023, Tipsy Elves is still in business. Now, you can purchase their Christmas collection online. For that, visit their official website. Make this Christmas decorated with the Elves collection!

Tipsy Elves Net Worth

Net worth$20 Million 
Annual Sales Revenue$11.3 Million
Profits
Lifetime sales$70 Million 
Shark Tank InvestorRobert Herjavec
FounderNick Morton and Evan Mendelsohn
Employees28 employees with CEO

Tipsy Elves Net Worth Timeline

Net Worth 2023$20 Million 
Net Worth 2022$19 Million
Net worth valuation 2013, after appearing on Shark Tank  $1Million 
Net worth valuation 2013 before appearing on Shark Tank  $2 Million 

Tipsy Elves Pitch on Shark Tank

Company nameTipsy Elves
ProductA Christmas collection 
EpisodeSeason 05 Episode 12
Founders Nick Morton and Evan Mendelsohn
Asked for$100,000 for 5% Equity
Final deal$100,000 for 10% Equity
Shark / SharksRobert Herjavec
LocationSan Diego, California

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 9 Million USD as of 2023.

Key accomplishments

YearAccomplishment
2011Launched Tipsy Elves’ first collection through their website.
2013Appeared on Shark Tank season 5 , and Robert Herjavec invested $100,000 for 10% Equity
2019Reveal 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.