MyoStorm Update | Shark Tank Season 11
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? The entrepreneurs behind MyoStorm’s Meteor massage ball found an opportunity to make life easier for athletes and chronic pain sufferers. Will the sharks take a bite out of this innovative massager during the
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 $50,000
- Shark: Lori Greiner
Shaquille Walker holds a world record for 800-meter sprints, and Jared Ward is a 2016 Olympian in marathon running. Together with engineer Jono DiPeri, they’ve created The Meteor by MyoStorm, a device to help ease and recover sore muscles. It uses heat, vibration, and rolling to help sore muscles stay loose and alleviate pain.
The sharks loved the samples, which were already warm and comfortable. They also appreciated the packaging. However, the $160 price tag was a bit of a big pill for them to swallow. Lori Greiner initially had an issue with the price and advised them to mark it down.
The sharks seemed to disagree about this, and it prompted a bit of debate about the value of the device and who it should be marketed towards. Mark Cuban made an offer of $250,000 for 20% equity, but when the entrepreneurs wanted to hear if there were other offers, Mark decided to take his offer off the table.
Kevin O’Leary offered $150,000 for a 5% stake, and a $1 royalty until $500,000 was paid back. Matt Higgins offered $150,000 for 10% with no royalties. Lori Greiner made the same offer as Kevin, leaving the entrepreneurs to decide which shark was more valuable to them.
Lori’s ideas about lowering the cost really resonated with them, so they decided to take her deal. Was it a good investment on Lori’s part? Find out in our MyoStorm update.
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. Now, the Meteor balls are retailing for $149, with discounts on a bundle of up to 3 Meteors.
In our MyoStorm update, we found an interview from 2020 with Jono DiPeri. He told My Brand Journey that MyoStorm now has ten employees and nets about $150k 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 theray.
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.
