Everyone has muscle pain and soreness. Usually, you turn to massage guns or rollers to relieve muscle tightness and pain, but what if you could get all of that in a heating, vibrating ball? That’s exactly what Shaquille Walker, Jared Ward, and Jono DiPeri have created in their product, geared toward athletes and chronic pain sufferers. Will the sharks take a bite out of this innovative massager during the
If you’re short on time, here’s a quick overview of what happened to MyoStorm after
MyoStorm appeared on
|Lori Greiner||Accepted deal of $150,000 for 5% equity and $1/unit until $500,000 is repaid|
|Mark Cuban||$250,000 for 20% equity|
|Daymond John||$150,000 for 10% equity|
|Kevin O’Leary||$150,000 for a 5% stake plus a $1 royalty until $500,000 is repaid|
|Matt Higgins||No Offer|
Shark Tank MyoStorm Update
- Entrepreneur: Shaquille Walker, Jared Ward, and Jono DiPeri
- Business: Massage device for muscle recovery
- Ask: $150,000 for 10% equity
- Result: $150,000 for 5% equity and $1/unit until $500,000 is repaid
- Shark: Lori Greiner
Shaquille, Jared, and Jono brought MyoStorm to
Shaquille shared that he holds a world record for 800-meter sprints, and Jared Ward is a 2016 Olympian in marathon running. Together with engineer Jono DiPeri, they created MyoStorm.
The sharks love the samples, which are already warm and comfortable. They also appreciate the packaging.
However, the $160 price tag is a bit of a big pill for them to swallow. Landed, it costs $40 to manufacture.
Lori Greiner initially has an issue with the price, and advises them to mark it down. She actually thinks they should bring the retail price down, under $100.
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The sharks seem to disagree about this, and it prompts a bit of debate about the value of the device. They also disagree about who it should be marketed towards.
Mark Cuban makes an offer of $250,000 for 20% equity. However, the entrepreneurs instead want to hear if there are other offers before accepting,
At this point, Mark changes his mind, and decides to take his offer off the table.
Kevin O’Leary offers $150,000 for a 5% stake, plus a $1 royalty until $500,000 is paid back.
Then, guest shark Matt Higgins offers $150,000 for 10% equity, but with no royalties.
Lori Greiner makes the same offer as Kevin, leaving the entrepreneurs to decide which shark is more valuable to them.
Lori’s idea about lowering the cost really resonates with them, so they decide to take her deal. At this point, Daymond John speaks up, shocked that they took her offer.
He goes on to say that he was about to make them an offer. Despite his protest, the guys keep their deal with Lori, and exit the tank.
Is it a good investment on Lori’s part? Find out in our MyoStorm update.
We have good news to share in our MyoStorm update. The company is still in business with an estimated annual revenue of $2 million.
While researching for our update, we found an interview from 2020 with Jono DiPeri. He told My Brand Journey that MyoStorm now has ten employees and nets about $150,000 each month.
Production seems to have slowed down a bit, but they are looking to launch new products in the future despite this. MyoStorm may just become the next big thing in physical therapy.
MyoStorm has moved past the original Meteor, and is now selling the Meteor 2.0. Since appearing on the show, they’ve improved many of the features of the original Meteor, even though they still haven’t lowered the price to under $100.
Products are available on the MyoStorm website, Walmart, and Amazon. If we get any more news on a MyoStorm update, we will let you now!
For more company updates from Season 11 Episode 5, check below:
Before you go, make sure to visit our Season 11 products page for more company updates from Season 11.
Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!