Tipsy Elves

Tipsy Elves Shark Tank update: is it still in business?

Tipsy Elves sells loud, joke-heavy ugly Christmas sweaters and other holiday clothing. It was founded in 2011 by Evan Mendelsohn, then a lawyer, and Nick Morton, an endodontist. Wikipedia reports about $370,000 in web sales in the first season and close to $1 million the next. The founders pitched in the Season 5 episode that aired December 13, 2013. Kevin O'Leary offered a royalty-only deal, and Robert Herjavec offered $100,000 for 10%. They chose Herjavec. The deal closed, and it has become one of the show's clearest wins for a single shark. Business Insider profiled the company as a success story in December 2014, Wikipedia reports more than $70 million in website sales by 2018, and Herjavec told Business Insider in 2014 that Tipsy Elves had been his favorite investment over six seasons of the show. The sales figures are company-reported. The company has since expanded beyond Christmas into outfits for other holidays and events, and it supports charity through its Sweaters 4 Sweaters program. Is Tipsy Elves still in business? Yes. As of October 14, 2026, tipsyelves.com is live, carries a 2026 copyright, and has a dedicated Shark Tank page. With the holiday season ahead, this is also a natural pick for a gift guide.