Founded in 2011, the corporation has moved its headquarters from Irvine Company’s Symphony Towers in Downtown to Irvine Company’s Wells Fargo Plaza located in the East Village. The 7,500 square foot office is on the 14th floor of the 24-story building and will provide a much-needed larger space for the rapidly growing business.
Creative and Aesthetic Vibe
“The appeal of Wells Fargo Plaza was that sweet spot of a space that provides a creative and aesthetic vibe and security,” said Gavin Sorey, director of people for Tipsy Elves. “We weren’t sure we could find that, but we’ve found a space that is really well suited to our needs. We have some pockets of ocean view and can see out to Point Loma and over to some of the mountains. The amenities were really appealing to us as well, including the fitness center and the outdoor space/patio work and gathering spaces.”
Ugly Christmas Sweaters
Tipsy Elves was co-founded by friends Evan Mendelsohn and Nick Morton, a lawyer and a dentist, respectively, who met while attending University of California San Diego.
In 2013, Tipsy Elves appeared on ABC’s “Shark Tank” and received a $100,000 investment from Robert Herjavec, a Canadian businessman and investor on the show, in exchange for 10% stake.
That year, the company did $3 million in sales, up from $1 million its first year. Ever since then, it has been on a fleeting upward growth trajectory. In 2019, Tipsy Elves sales were $125 million, according to USA Today, making it Hervajec’s most lucrative “Shark Tank” deal to date.
Tipsy Elves Clothing
FOUNDERS: Evan Mendelsohn and Nick Morton
BUSINESS: Designs creative and memorable clothing.
REVENUE: $125M in sales by 2019.
NOTABLE: Shark Tank’s Robert Herjavec invested $100,000 into the company in 2013.