Thompson Tee Shark Tank Update

Thompson Tee Shark Tank Pitch

Billy Thompson and Randy Choi appeared on Shark Tank Season 8, Episode 23, which aired on May 5, 2017, with undershirt with a sweat proof barrier.

Thompson Tee is listed in the Clothing Fashion category. In plain terms, the business is described as undershirt with a sweat proof barrier.

Thompson Tee asked the Sharks for $700,000 for 7%, implying a valuation of about $10.0 million.

On the show, Thompson Tee made a listed deal with Robert Herjavec for $700,000 for 25%.

If treated as straight equity, the listed deal works out to about $2.8 million implied valuation, down from the original $10.0 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Thompson Tee After Shark Tank

Thompson Tee accepted an on-air Shark Tank deal for $700,000 for 25%. The on-air deal did not close. The company is still in business. (Thompson Tee Shark Tank Update

Thompson Tee reported annual revenue of $9 million as of 2017. (Thompson Tee Shark Tank Update

In 2017, they did $9 million in revenue. (Thompson Tee Shark Tank Update

Sometime in March, 2019, they sold their one millionth tee shirt. (Thompson Tee Shark Tank Update

As of July, 2024, they are doing $10 million a year. (Thompson Tee Shark Tank Update

The official website for Thompson Tee is listed as thompsontee.com. (Thompson Tee website

Sources

Sources used for this page: Shark Tank API pitches