Sweat-Proof Innovation
Thompson Tee, founded in 2014 by Billy Thompson and Randy Choi, has revolutionized the apparel industry with its innovative sweat-proof undershirt. Its patented technology effectively eliminates underarm sweat stains, offering comfort and confidence to its customers.
Shark Tank Success
Thompson Tee’s breakout moment came in 2016 when they appeared on Shark Tank, securing a $700,000 investment from Robert Herjavec. This injection of capital allowed them to scale their production and expand their reach.
Expanding the Product Line
Thompson Tee has expanded its product line to include sweat-proof clothing options for men and women. From undershirts to performance gear, they cater to a diverse customer base seeking moisture-wicking and anti-perspiration solutions.
Partnerships and Success
Major retailers like Amazon, Nordstrom, and Bloomingdale’s have partnered with Thompson Tee, recognizing the high demand for their innovative apparel. This collaboration has further solidifies its brand presence and financial success.
Net Worth and Revenue
Forbes estimates Thompson Tee’s net worth at $30.1 million as of April 2024, a testament to its commitment to quality and customer satisfaction. The company’s annual revenue has reportedly reached $15 million.
Thompson Tee’s Meteoric Rise
From Humble Beginnings to Multi-Million Dollar Empire
Billy Thompson and Randy Choi founded Thompson Tee in 2014 with a goal to tackle the discomfort of underarm sweat stains. Their patented sweat-proof technology became the cornerstone of their business, revolutionizing the way people thought about undershirts.
Early Traction
Thompson Tee gained early traction through positive customer feedback and word-of-mouth. Its breakthrough came in 2017 when they appeared on Shark Tank, securing a $700,000 investment from Robert Herjavec. This investment boosted their visibility and allowed them to scale their operations.
Expanding the Product Line
Recognizing the growing demand for sweat-proof clothing, Thompson Tee expanded its product line beyond undershirts. They now offer a range of men’s and women’s sweat-proof clothing items, catering to a wider audience and diversifying their revenue streams.
Major Partnerships
Thompson Tee has forged partnerships with major retailers such as Amazon, Nordstrom, and Bloomingdale’s, establishing its brand as a trusted and sought-after solution for sweat-proof apparel. These partnerships have significantly contributed to the company’s growth and success.
Net Worth and Revenue
As of 2024, Forbes estimates Thompson Tee’s net worth to be $30.1 million. The company’s annual revenue has also grown steadily, reaching an impressive $15 million. This financial success is a testament to Thompson Tee’s unwavering commitment to innovation, customer satisfaction, and delivering superior sweat-proof apparel.