What Happened to Brazyn Life After Shark Tank pitch?
What is Brazyn Life?
Brazyn Life is a performance lifestyle company that supplies athletes with portable tools to help them stay in peak physical shape wherever they go.
The company’s first product is the Morph Foldable Foam Roller, which combines the benefits of a standard-size foam roller with a collapsible core and a lightweight shell.
Brazyn Life also sells resistance bands, massage rings, morph sticks, clothing, and other accessories.
Who is the brains behind Brazyn Life?
Brazyn Life was founded by Nate Lawrie, a former NFL player. He was an All-American tight end at Yale University, where he received a Bachelor of Political Science degree in 2004.
Lawrie began his career in the same year with the Tampa Bay Buccaneers, only to be moved to the New Orleans Saints in his third year.
After suffering a back injury that required him to miss the rest of the year, he founded Brazyn Life. Lawrie is still operating the company well today, with positive feedback from both professional athletes and casual consumers.
Lawrie’s success may be linked to his inventiveness and unwillingness to give up, both of which are vital attributes of an entrepreneur.
After sustaining a back injury, he was told that his career could be over. He wasn’t ready to give up on his dreams, so he went to physical therapy and learned about the advantages of foam rollers.
Lawrie, on the other hand, found foam rollers to be impossible to travel with due of their thickness and weight. As a result, he developed his own folding prototype that was both lightweight and portable.
Despite the fact that it claims to be the world’s only collapsible foam roller, there are other non-collapsible foam rollers available.
The Brazyn Life model is less bulky than the others, yet it is no less sturdy.
They charge $68 for a roller. You may add a skin that covers the roller and is simply removed to be washed for an extra ten bucks.
An extension kit for connecting two rollers and Brazyn Life tee-shirts are also available as add-ons.
They provide a variety of bundle options to help you save money while purchasing a variety of items.
In December 2015, they successfully raised $65,382 through a Kickstarter campaign to put their prototype into production.
What happened to Brazyn Life During Shark Tank pitch?
Steven and Eric make an appearance on Shark Tank Pitch season 9 episode 6 in quest of $225,000 for a 10% ownership in their company. This equates to a $2.25 million valuation.
They tell their story, exhibit the goods, and then ask if any Sharks want to try it. When Kevin recommends using a foam roller, Mark rushes to his feet to give it a shot.
They hand out samples, and the interrogation begins.
Nate credits the foam roller for extending his NFL career by five years, but transporting it was inconvenient, hence the invention. It is the market’s only folding foam roller, and a patent application is in the works.
They cost $26.75 to produce and $68 to sell, which is more than typical foam rollers.
Nate says that increased volume will allow him to minimize costs. He has made $50,000 in sales so far and hopes to make $2.4 million this year. They are manufactured in Romania by Nate’s wife’s father’s firm.
Kevin questions the valuation, but Daymond steps in and offers $225,000 for 15%.
Kevin was prepared to make his own offer, a $225,000 investment in exchange for a 20% stake in the firm.
Sara tells Nate that he is having an “Oprah moment,” but she first wants to hear what Mark has to say. Mark departs. Lori wants to team up with Sara to give $225,000 in exchange for a 20% – 10% split.
Kevin O’Leary had gotten little interest in his offer to film himself in his underwear, so he suggested teaming with Daymond in the same way, $225,000 for 20% of the business.
Nate responds with $250,000 for a 20% stake, and both sides agree. After some whispering, they accompany Lori and Sara.
What Became to Brazyn Life After Shark Tank pitch?
Lori and Sara’s agreement never materialized. Following the original air date of the show, the company ran out of products.
They’ve added The Morph Stick and two Morph Roller variations to their product line.
By June 2021, the company had completed a successful IndieGoGo campaign for The Flip Bench, a space-saving incline bench. The annual revenue of the corporation is $6 million.
What is the Brazyn Life’s Net Worth?
Steven and Eric make an appearance on Shark Tank Pitch season 9 episode 6 in quest of $225,000 for a 10% ownership in their company. This equates to a $2.25 million valuation.
They accepted Lori and Sarah’s offer of $250,000 for a 20% ownership in the firm, valuing it at $1.25 million.
Who are the Competitors of Brazyn Life?
The Gaiam Restore Total Body Foam Roller works similarly to the Brazyn Foam Roller.
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Brazyn Life FAQS
1. Is the Brazyn Life foam roller safe?
The company recommends that everyone, including pregnant women and new mothers, use a foam roller to reduce muscle soreness and increase circulation. They also recommend using their foam rollers daily to achieve a healthy body.
2. Does the Brazyn Foam Roller look like an actual foam roller?
Yes! It is shaped like a traditional foam roller and resembles it in size and colour. The front of the shell has been reinforced with steel rods to render it more durable than other products on the market.
3. Who founded Brazyn Life?
Brazyn Life was founded by Nate Lawrie, a former NFL player. He was an All-American tight end at Yale University, where he received a Bachelor of Political Science degree in 2004.
4. When was Brazyn Life featured on Shark Tank?
They are featured on Shark Tank season 9 in episode 6 on October 29th, 2017.
5. Are their products available for retail?
Yes, their products are available for retail and can be bought at Amazon and the company’s website.
6. When was Brazyn Life founded?
Brazyn Life was founded in 2015.
7. How much was Nate Lawrie looking in the Shark Tank?
Nate Lawrie was looking for $225,000 for a 10% ownership in his company. This equates to a $2.25 million valuation.
8. How much was given from the Sharks?
Lori and Sara offered $250,000 for a 20% stake in the company.
9. How does Brazyn Life make money?
Brazyn Life makes money by selling their foam rollers to consumers.
10. What happened to Brazyn Life after the Shark Tank?
The business got unexpectedly busy after their appearance on the show, but their deal with Lori and Sarah never materialized.
Following the original air date of the show, the company ran out of products.
11. Is Brazyn Life still in business?
Yes, the company is still in business and the annual revenue of the corporation is $6 million.
