Kymera Body Boards was the third product featured during
Shark Tank Kymera Body Boards Update
- Entrepreneurs: Jason Woods and Adam Majewski
- Business: Watercraft
- Ask: $250,000 for 5% equity
- Result: $500,000 for 10% equity
- Sharks: Robert Herjavec
It’s extremely rare for an entrepreneur to come back onto
Jason told the sharks that it costs him about $1,800 to manufacture a single unit, while he can sell it to customers at a price point of $3,500. It didn’t take long for Kevin O’Leary to raise concerns about the product’s margins. Jason and Adam tried to get the attention of the sharks by telling them that the company has more than $300,000 in sales, year to date. In addition, optimistic financial projections suggest that the company could reach the $2 million milestone in the same year.
Kevin made one of his famous royalty deals to Jason. He offered $250,000 for 5% equity, but he also wanted $500 per unit sold until he got three times his money back. Daymond John also made an offer of $250,000 for 10% equity. Lori Greiner and Mark Cuban decided to drop out without making an offer. Robert Herjavec shocked the entrepreneurs by offering $500,000 for 10% equity. The pair quickly agreed to Robert’s offer.
Now, let’s get a Kymera Body Boards update to see how the company has been doing since appearing on
Sadly, it appears that Robert never finalized his offer with Kymera after the episode aired. The good news is that the company is doing fairly well. With more than $5 million in sales annually, Kymera Body Boards has been successfully growing and the product can be purchased online on the company’s official website.
You can find the other company updates from Season 10 Episode 21 here:
Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from