retail founded 2011 founder evan mendelsohn and nick morton headquarters san diego united states 1 website official website tipsy elves is a holiday themed apparel company . it sells holiday sweaters and other holiday themed items through its website and other online vendors and donates part of each sale to charity . in december 2013 the company owners appeared on the us television show shark tank and received 100 000 in funding to help the company move into the retail market . contents 1 company history 2 television 3 references 4 external links company history edit tipsy elves was founded in early 2011 by evan mendelsohn a lawyer working for sheppard mullin richter & hampton with a jd and mba from the university of southern california 2 3 and nick morton an endodontist who graduated from the university of the pacific in 2008 . 4 their first line of designs were debuted during the christmas season of that year featuring ugly christmas sweaters with a humorous twist . 5 the company produces holiday themed sweaters and other apparel designed to put an alternative spin on traditional christmas motifs . 6 their buck toothed reindeer sweater design and others were described by people magazine as sly sneaky and cheeky . 7 the buck toothed reindeer sweater was also worn by the anchors of the today show in their ugly christmas sweater competition of december 2011 . 8 9 the tipsy elves brand is split between a naughty line with more extreme examples of humor and a nice line that features tamer comical designs 5 however the naughty line sells the best . in the first year of sales the company sold over one thousand sweaters reaching about 370 000 in total web sales and in the following year it reached nearly 1 million in sales . 10 11 tipsy elves also runs the charity sweaters 4 sweaters which donates sweaters to children in need using a portion of all the company s profits . 12 in 2013 the company partnered with stand up to cancer and donated 2 from every sweater to the charity . 13 the company has pledged between 25 000 and 100 000 . 14 in 2014 the company s revenues had been projected as 12 million . 15 television edit the tipsy elves owners appeared on the december 13 2013 episode of shark tank in which it received 100 000 in funding from investor robert herjavec . after showing they had made over 1 million in their first two years the company stated it intended to move into the retail market . according to hollywood.com o leary made an offer 100 000 for a royalty of 2 per sweater until the money was paid back and then 1 in perpetuity but no equity . herjavec offered 100 000 for 10 % . john thought about making an offer but couldn t pull the trigger . they accepted herjavec s offer . 16 herjavec has stated that tipsy elves has been the best performing investment he has made since joining the cast of shark tank . 15 tipsy elves was also on the premiere episode of beyond the tank in which the development of the company since herjavec s investment was discussed . 17 the investment was the most successful that herjavec has made on the show . 18 references edit wilmington s ugly outfitters helping kitsch find niche . delaware online . december 20 2013 . retrieved december 20 2013 . john tishler and evan mendelsohn july 27 2011 . united states d.c. circuit invalidates sec s proxy access rules . retrieved august 20 2013 . about me . retrieved august 20 2013 . nick morton awarded delta dental scholarship . may 16 2008 . retrieved august 20 2013 . a b tipsy elves launches christmas sweaters & apparel range . fibre2fibre . october 25 2011 . missing or empty url help ; access date requires url help symonne torpy december 22 2012 . tipsy elves puts a twist on the christmas sweater . young hollywood . retrieved august 16 2013 . deal of the day 20 % off of tipsy elves . people magazine . november 18 2011 . retrieved august 16 2013 . anchors don ugly christmas sweaters whose was the worst . today show . december 14 2011 . retrieved august 16 2013 . knit wit the craze behind ugly christmas sweaters . today show . december 14 2011 . retrieved august 16 2013 . guy trebay december 16 2012 . bad taste all in fun . new york times . retrieved august 16 2013 . bill briggs july 10 2013 . small but mighty . internet retailer . retrieved august 20 2013 . dave rice november 14 2011 . local company specializes in ugly christmas sweaters . san diego reader . retrieved august 16 2013 . linda miller december 13 2013 . ugly christmas sweater retailer on shark tank . retrieved december 20 2013 . two entrepreneurs wrap up wacky holiday trend . san diego union tribune . december 4 2013 . retrieved december 20 2013 . a b eugune kim october 15 2014 . shark tank investor talks about hating mark cuban his best deal so far and the key to success for any startup . business insider . retrieved october 27 2014 . michael griffin december 14 2013 . shark tank recap jingle all the way to the bank . hollywood.com . retrieved december 20 2013 . http www.businessinsider.com shark tank robert herjavec when to quit job entrepreneur 2015 5 http www.brw.com.au p business another shark attack australia robert c83fhtggxsm8fohlagzecn external links edit official website retrieved from https en.wikipedia.org w index.php title tipsy elves & oldid 726551606 categories clothing brands of the united statescompanies established in 20112011 establishments in californiaonline retailers of the united stateshidden categories pages using web citations with no urlpages using citations with accessdate and no url navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 22 june 2016 at 22 25 . text is available under the creative commons attribution sharealike license ; 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