Virtusphere Shark Tank Update

Virtusphere Shark Tank Pitch

I thought Ray Latypov was about to pitch a Uranium-to-government delivery service until Jim Dimascio came in, and they showed their giant hampster ball.

The Virtusphere is a vast rotating ball with a human inside, which serves as a 360-degree treadmill. The movements also interact with a virtual reality game shown to the user through his/her headset.

At a $35k price point, Ray and Jim's target customer is Robert Herjavec. But more feasibly, their target customer is the Military or large arcade rooms with many Virtuspheres where groups could go to play the game.

Facebook—sorry, Meta—in 2022 isn't quite here yet, so two guys in 2009, it's pretty safe to say their game sucked.

Somehow they have sold some to the Military for $50k each.

The sharks were impressed but weren't able to find a way where it made sense for them to invest.

Virtusphere After Shark Tank

In 2022 Virtusphere still exists and does around $3 million a year in revenue, according to Shark Tank Blog

In 2013 they attempted to raise $100k to build a virtual reality headset, but they never raised the money.

In 2014 Ray Latypov was working on his Virtual reality headset to work with your phone called 360Specs as seen in this

Joe Dimascio left Virtusphere in 2010 and has worked at a few electric companies since according to his LinkedIn