Myostorm Shark Tank Update

Myostorm Shark Tank Pitch

Shaquille Walker, Jared Ward, and Jonothan Diperi appeared on Shark Tank Season 11, Episode 5, which aired on October 27, 2019, with heated, vibrating, massage therapy ball.

Myostorm is listed in the Health SelfCare category. In plain terms, the business is described as heated, vibrating, massage therapy ball.

Myostorm asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, Myostorm made a listed deal with Lori Greiner for $150,000 for 5% + $1 royalty per ball until $500,000 is repaid.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, up from the original $1.5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Myostorm After Shark Tank

Myostorm accepted an on-air Shark Tank deal for $150,000 for 5% + $1 royalty per ball until $500,000 is repaid, and follow-up reporting says the deal closed after filming. (MYOStorm Shark Tank Update

Update sources put Myostorm annual revenue around $1.8 million as of August, 2022. (MYOStorm Shark Tank Update

In June, 2021, they launched a Kickstarter to launch the Meteor Mini, a smaller and less expensive version of the original Meteor. (MYOStorm Shark Tank Update

Products from Myostorm are still available on Amazon. (MYOStorm Shark Tank Update

The current brand site points customers to www.myostorm.com. (Myostorm website

Sources

Sources used for this page: Shark Tank API pitches