Fantasy sports are more than just games now. For millions of people, they are serious competitions full of pride, banter, and big celebrations. But there has always been something missing. While players put in hours studying stats and planning their moves, the reward has usually been just bragging rights. There’s rarely a fun, flashy way to mark that hard-earned victory.
That’s the problem many fantasy league champions have faced—no real trophy to lift, no shiny reminder of their win.
Matt Walsh and Dax Holt knew exactly how that felt. They decided it was time to solve this problem. That’s when they came up with TrophySmack. Their idea was simple but smart. Why not create big, fun, and completely customizable trophies for fantasy sports champions? Something cool they could actually hold and show off.
And that’s exactly what they pitched to the sharks in Season 12, Episode 9 of Shark Tank. The duo asked for $600,000 in exchange for 8% equity in their company. They walked into the tank with bold energy and left with a deal from Mark Cuban for $600,000 in exchange for 17% equity.
Trophy Smack Net Worth Shark Tank Update 2025
Matt and Dax were looking for an investment of $600k in exchange for 8% equity in the company. At the time of the episode, they valued their company at $7.5 million. Matt and Dax successfully secured a deal with Mark for an investment of $600k for 17% equity in the company. The investment adjusted the company’s net worth to around $3.53 million. After the show was aired, TrophySmack experienced a good boost in exposure. As per my rough estimate, the current net worth of TrophySmack is around $5 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Mark Cuban
$600,000 for 17% equity
N/A
Yes
Lori Greiner
Out
N/A
N/A
Kevin O’Leary
$600,000 for 25% equity
N/A
No
Daymond John
Out
N/A
N/A
Barbara Corcoran
Out
N/A
N/A
Matt Walsh and Dax Holt Backstory + Their Initial Pitch
Matt Walsh and Dax Holt weren’t just business partners. They were also fantasy sports fans. Their love for the game and disappointment with boring trophies pushed them to build something exciting. Matt came from an e-commerce background, and Dax had a long career in entertainment news. Together, they mixed business knowledge and media experience to create something fun and eye-catching.
When they started TrophySmack, they wanted to change how people celebrated fantasy wins. They began by designing outrageous, colorful, and totally customizable trophies. These trophies weren’t small desk decorations. They were huge, bold, and made to stand out in any room.
Their early journey wasn’t easy. They started the business with just $60,000. But they worked smart. They made sure their trophies could be easily put together using a special design that reduced production costs. That helped keep prices competitive while still offering high-quality, fun products. In their first year, they made $850,000 in sales. The next year, that number jumped to $1.9 million.
When they appeared on Shark Tank, Matt and Dax brought that same energy and creativity. They came in with custom trophies made for each shark. This made the pitch fun and personal. The sharks laughed, smiled, and were clearly impressed by the attention to detail and showmanship.
Matt and Dax explained their product, their sales numbers, and the unique features that set them apart. The average price for one trophy was around $100, and their profit margin was 80%. Their pitch wasn’t just about fantasy football either. They had plans to expand into other areas like employee recognition and sports celebrations. They showed that TrophySmack had room to grow.
Queries + Shark’s Responses, and Final Deal
As always, the sharks had questions.
Kevin O’Leary asked about customer acquisition and marketing costs. Dax explained that they used direct-to-consumer strategies through their website.
Lori Greiner asked if the product was seasonal or had year-round demand. Matt said that while the fantasy football season was the biggest time, they were growing sales in other areas, including fantasy basketball, baseball, and even custom awards for corporate events.
Daymond John felt that the business was solid but wasn’t sure if he could add value. He said he was out. Daniel Lubetzky agreed and stepped out too, even though he liked the fun side of the brand.
Mark Cuban, however, was excited. He loved the margins, the vision, and the energy of the founders. He made an offer of $600,000 for 17% equity, which was more than double what Matt and Dax originally wanted to give up. But the two didn’t hesitate. They accepted his offer, sealing the deal with big smiles and even bigger dreams.
Product Availability
One reason for their continued success is how easy it is to buy their products. Their website is well-designed and offers simple tools to customize your trophy. They also sell on Amazon, making it convenient for customers who prefer shopping there.
Their trophies come in many sizes and designs. Customers can choose everything from the base to the figure on top. They can also add engraved plaques with team names, years, and even funny slogans. The prices are affordable, starting around $100 and going higher based on custom options. Customers love the quality and the fun factor.
TrophySmack has also built a strong online presence. They use social media, partnerships, and influencer marketing to keep people engaged. Their fun content and creative promotions help keep the brand fresh and exciting. This kind of smart marketing has helped them grow beyond just Shark Tank fans
What Happened To The Trophy Smack After Shark Tank?
Since leaving Shark Tank, TrophySmack has been on a fast rise. In the year following the show, the company made $1.2 million in additional sales. They crossed the $10 million mark in total sales. That’s a huge jump and shows just how powerful the Shark Tank effect can be.
They didn’t stop at fantasy football. TrophySmack now offers trophies, rings, and even championship belts for a wide range of sports and events. You can buy products for fantasy baseball, basketball, and even hockey. They’ve also added customizable items for employee recognition programs and business awards.
As of today, TrophySmack is still in business and doing very well. The company is expanding, not just in products, but also in its team and warehouse. They’re hiring more people, improving delivery times, and always looking for new ideas. Their estimated net worth is now over $5 million.
They continue to be a favorite among fantasy sports lovers and people looking for fun and memorable awards. With Mark Cuban’s support and their own hard work, Matt and Dax have turned a small idea into a fast-growing business.
Conclusion
In conclusion, TrophySmack is a great example of what can happen when passion meets creativity and smart planning. Matt and Dax saw a problem, found a fun way to fix it, and took their solution to the world. Their Shark Tank journey was full of energy and ended with a big win. They secured a deal with Mark Cuban, and that helped push them to even greater heights.
From a small investment to multi-million-dollar success, TrophySmack’s story shows the power of a good idea and the importance of believing in your vision. They made fantasy sports even more exciting by giving winners something real to celebrate. And they’re just getting started.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
