It sells holiday sweaters and other holiday-themed items through its website and other online vendors, and donates part of each sale to charity.

[5] The company produces holiday-themed sweaters and other apparel, designed to put an alternative spin on traditional Christmas motifs.

[16] 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, "Kevin 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.