Product Update
Is Tipsy Elves Still in Business? (2026 Update)
Is Tipsy Elves from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Tipsy Elves today.
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Ugly Christmas sweaters used to be something you found at a thrift store the night before a party. Tipsy Elves turned that joke into a year round apparel business, and more than a decade after its Season 5 pitch, the company's site is still one of the biggest, busiest storefronts to come out of the entire Shark Tank catalog.
The Short Answer
Yes, Tipsy Elves is still very much in business. The company's site, tipsyelves.com, is not a small single-product page. It is a full ecommerce operation with an enormous catalog covering Christmas sweaters, Halloween costumes, and holiday-themed apparel for essentially every occasion on the calendar, and it also sells through Amazon.
Between its own site and Amazon distribution, Tipsy Elves has more retail reach today than almost any other product featured on this site.
The Shark Tank Pitch
Tipsy Elves pitched in Season 5, Episode 12, coming out of San Diego, California, in the Fashion and Beauty category. Founders Evan Mendelsohn and Nick Morton built the company around a genuinely simple idea: make ugly Christmas sweaters that people would actually want to wear on purpose, with better fabric and funnier designs than the vintage thrift-store originals.
The ask was 100,000 dollars for 5 percent of the company, a confident 2 million dollar valuation for what some sharks in the room initially dismissed as a seasonal novelty item with a short shelf life.
The Deal That Got Done
Robert Herjavec made the deal, but not at the terms on the table. He agreed to the full 100,000 dollars the founders asked for, but doubled the equity from 5 percent to 10 percent.
That equity jump turned out to be one of the more consequential deals in the show's history. Herjavec's tech and business background gave the founders operational guidance beyond just the checkbook, and the brand's later expansion into costumes and year round holiday apparel took what started as a single-season joke product and turned it into a company that sells something almost every month of the year.
Tipsy Elves net worth in 2026
Tipsy Elves is widely described in Shark Tank tracking coverage and business press as one of the show's biggest financial success stories, with sales that have been reported in the tens of millions of dollars in past years. That said, the company is privately held and does not publish audited revenue or a formal valuation, so any single specific net worth figure circulating online should be read as an estimate pulled from secondary sources rather than a confirmed number.
What is verifiable directly is the scale of the current operation: a catalog spanning multiple holiday categories, an active Amazon storefront alongside the direct site, and a marketing footprint far larger than a company doing modest, declining sales would maintain. Whatever the precise number, Tipsy Elves sits near the top of the list of Shark Tank companies that actually built a lasting brand out of their television moment.
The company's growth pattern also matches what the numbers, whatever they are exactly, would suggest. A brand that started as a single seasonal product, ugly Christmas sweaters, does not expand into Halloween costumes and other holiday categories unless the original product line proved out first. Category expansion of that kind almost always follows real demand rather than getting funded on hope alone.
Where Things Stand Now
Tipsy Elves pitched in Season 5, Episode 12 out of San Diego, asked for 100,000 dollars for 5 percent, and closed with Robert Herjavec for the same 100,000 dollars at 10 percent equity.
Today the brand runs a large, active ecommerce catalog on its own site and sells through Amazon as well, covering holidays well beyond Christmas. It is one of the clearest examples on this site of a Shark Tank deal that grew into a real, lasting company rather than a one-season novelty.
If you were wondering whether the sweaters are still around, the answer could not be more yes. Tipsy Elves is bigger now than it was on the day it pitched, and it remains one of the go-to examples people point to when they want proof that a Shark Tank deal can turn into a real, lasting company rather than a fifteen-minute spike in traffic.
Where to buy Tipsy Elves
Still selling as of June 30, 2026. Check today's price and availability.
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See the full Tipsy Elves deal breakdown and term sheet →
