Jason Woods invented a fully-electric, jet-propelled bodyboard. He says it combines the fun of a jetski, with the portability of a board, at a relatively affordable price. Will his product earn him a deal on
Shark Tank Kymera Body Board Update
- Entrepreneurs: Jason Woods
- Business: Electric body board
- Ask: $250,000 in exchange for a 20% stake
- Result: No deal
- Sharks: None
Jason brought his Kymera Body Board to the tank. His fiancé demonstrated how to use one by lying flat on your stomach, and leaning side to side for turns. Jason then showed a video of people using it on the water. At the time of his appearance on the show, he only had prototypes of the boards he wanted to produce and sell.
He ran a Kickstarter campaign that brought in $116,000 in 30 days, falling short of his $250,000 goal. He defended his lackluster sales to the sharks, saying that the crowdfunding site had changed its rules just before his campaign was to begin. The new Kickstarter rules only allowed one purchase per contributor, which turned off potential customers. His explanation drew laughs and disbelief from the panel.
Mark Cuban told Jason he was “full of crap”, and a few minutes later, he was the first shark out. Lori Greiner wanted to know why Jason didn’t already have injection molds ready for his boards, and he told her those cost $40,000-$50,000. He also told her he couldn’t afford the patent for his boards. Lori said she thought the concept was interesting, but because the boards couldn’t be properly safety tested, she was uncomfortable investing, so she too was out.
When asked why he didn’t build a few boards, sell them, and use the money to build better boards, repeating the process until he could go into production, Jason told Daymond John that he didn’t want to sell a few boards out of his garage. Although he had only built a prototype, he wanted funding that could take the Kymera Body Boards to immediate, full-scale production. Daymond told Jason his pitch was a failure, and he was out.
Kevin O’Leary asked for Jason’s distribution model. Jason told the sharks he wanted to sell direct-to-consumer, through his website, and that he already had 6,000 Facebook followers. Kevin eventually went out. Guest shark John Paul DeJoria told Jason that his body board creation seemed to be more of a hobby than a business, so he was the last shark out.
Without any offers from the sharks, Jason was forced to leave the tank without a deal. What happened next for his company? Keep reading our Kymera Body Boards update to find out!
We have great news to share in our Kymera Body Board update! The company is still in business and manufactures a full line of personal watercraft. Products are available on the Kymbera Body Board website.
Would you like to learn about the other companies featured on Season 5 Episode 7? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 5 Products Page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!