Published:
4m
Pleasanton, CA
| Name | Kymera Body Board |
|---|---|
| Main Presenters | Jason Woods |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 12/8/2022 |
| Main Location | Pleasanton, CA Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | All Sharks went Out |
Jason Woods found jet skis too expensive and complicated to transport and stand-up paddle boards too slow, so he created Kymera Body Board. Kymera Body Boards are electric, jet-propelled body boards that move up to 15mph and last 30 minutes to an hour.
Jason started Kymera Body Board 10 years ago as a gas board. Jason estimates to have put in $130k over the lifetime of the company. He attempted to raise $250k on Kickstarter, but only received $116k in preorders, which because was short of his goal meant customers' money was returned. Jason claims the Kickstarter failed because people were only allowed to buy one, and Jason thinks nobody wanted to only buy one.
Jason hasn't sold a unit in 10 years. He aims to go straight to mass sales to lower the price but doesn't have the money to make that leap.
I'm going to give it to you straight. It's the worst pitch I've ever seen.
The sharks thought Jason was dodgy at answering business questions and thought he would be a perpetual inventor and never sell anything. Jason was pissed and shocked that the sharks weren't onboard with Jason's vision.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $250k for 20% of company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | John Paul DeJoria | Out |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Jason Woods went on the Ecommerce Uncensored https://podcasts.apple.com/us/podcast/eu209-how-jason-woods-created-a-watercraft-business/id1132312535?i=1000514317480Link Preview
The gas-powered version was the only thing feasible at the beginning, which eventually got ruled out of possibility due to new laws being enforced. The electric version eventually got built and picked up some press. Jason launched his Kickstarter https://www.kickstarter.com/projects/kymerajet/kymera-electric-jet-boardLink Preview
Shark Tank called Jason a year later. Jason was the first person to pitch to the sharks during filming for season 5, so they spent an extra long time filming Jason before they started making Jason nervous, and the Sharks were eager to chomp down on entrepreneurs. After Jason got beaten down, he had to wait nine months for the show to air.
Jason found an outpouring of support after the show aired, and he had a dozen offers better than what he asked for on Shark Tank within a week. Jason accepted a deal from Adam Majewski, who he found brought a business plan in addition to money.
Jason was thankful for the Shark Tank beatdown because he learned many lessons that led him to success. Kymera began selling boards and was soon doing hundreds of thousands of dollars in annual revenue. Jason received the opportunity to return to Shark Tank to show them his progress and offer them another chance at Kymera Body Board in season 10, episode 20.
Jason struck a deal with Robert Herjavec in season 10, who was not on in Jason's first episode. He doesn't go into details about his process with Robert but said that eventually money does get put into the business and things were going well.
Kymera Body Board has never spent money on advertising because they are at their production capacity as of 2021. In 2021 80% of their business is international.
Jason got married to his fiancé, who filmed with him, and later had three daughters. Jason got back into Battle Bots in 2021 and utilized many of the parts and learnings from Kymera in the design.
In 2022, Kymera is attempting to raise money on wefunder.com https://wefunder.com/kymeraLink Preview
As of 2022, Kymera Body Boards can be purchased on the companies website, kymera.com https://kymera.comLink Preview
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