Tipsy-Elves

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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Tipsy Elves Net Worth

Net worth$20 Million (2025)
Annual Sales Revenue$11.3 Million
Lifetime sales$70 Million 
Shark Tank InvestorRobert Herjavec
FoundersNick Morton and Evan Mendelsohn
Employees<30

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

Don’t miss these products from Season 05

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

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.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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