Kalyx Technologies Sports Bras Update | Shark Tank Season 1
Millions of women suffer from breast pain due to exercise and lack of proper support. That’s why Kimberly Cayce created a sports bra to solve this problem. Will her company earn a deal on
Shark Tank Kalyx Technologies Update
- Entrepreneurs: Kimberly Cayce
- Business: Sports bras
- Ask: $125,000 for 20% equity
- Result: No deal
- Sharks: None
Kimberly entered
She says they are not only fashionable and flattering but functional too. The sharks initially realized that Kimberly’s implied valuation was $600,000. This was concerning especially once she admitted that the company was currently pre-sales.
Due to this fact alone, they were very skeptical about the risks and whether any sort of investment would be worth it. With over $100,000 of her own money invested, it would be difficult for the sharks to get their return quickly.
Kevin Harrington said there was too much competition, so he went out first. Barbara Corcoran felt that an investment would be too risky, so she went out next.
Daymond John and Robert Herjavec believed that it was too early to invest, so they both went out. Kevin O’Leary said the company was not investable, so he was the final shark to drop out.
With no offers from the sharks, Kimberly was forced to leave
We have interesting news to share in our Kalyx Technologies update. The company experienced success and market demand after airing on
While this will be our final Kalyx Technologies update, we are incredibly happy for Kimberly!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!