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

Sources