What Happened to MyoStorm After Shark Tank?
What is MyoStorm?
MyoStorm is the company of the Meteor, a palm-sized vibrating massage ball that also releases heat. The Meteor is useful for more than only stiff back and neck muscle massage.
It may also be used to treat painful muscles and for post-exercise rehabilitation. On their website, they also sell branded equipment and replacement charges.
Jonothan Diperi, Jared Ward, and Shaquille Walker founded MyoStorm. Jonothan and Shaquille had grown up together and had served as missionaries for the same church in Provo, Utah.
Jonothan, like the other two men, studied Mechanical Engineering at Brigham Young University.
Jonothan is currently the CEO of the firm. Shaquille, who was a member of the track team, went on to get a B.S. in Exercise Science and is now employed by the firm.
Jared went on to become a BYU statistics professor and a 2016 US Olympian. He is still employed by the company.
Who are the founders of MyoStorm?
Jonothan Diperi, Jared Ward, and Shaquille Walker founded MyoStorm. Jonothan and Shaquille had grown up together and had served as missionaries for the same church in Provo, Utah.
The trio, together with the rest of their team, established the company in the fall of 2018 with a $65,461 Kickstarter campaign. They finished the renovation in the early spring of 2019.
The Meteor is a device that combines vibration, heat, and pressure into a single unit. MyoStorm scoured the market for massage products and put the finest of them into their ball. Science also backs up the product.
Before inventing it, they worked with well-known PhDs in the fields of exercise physiology and mechanical engineering to investigate how vibration and heat affect muscle tissue.
The combination of heat, vibration, and pressure from rolling the ball over tight muscles relieves pain and stiffness when triggered.
MyoStorm has a variety of athletes promoting the product, ranging from track and field stars to bodybuilders. A number of colleges also use The Meteor as part of their training and rehabilitation programs.
These individuals are committed to bringing their product to market. They first got the idea in 2017 and had a prototype ready by the end of the year. Meteors were in the hands of customers a year later.
What Happened to MyoStorm’s Pitch on Shark Tank?
Jonothan Diperi, Shaquille Walker, and Jared Ward attempt to impress the Sharks with MyoStorm, their pain and muscle stiffness healing ball, in order for the Sharks to aid them in scaling and manufacturing in Shark Tank episode 5 seasons 11.
Jonothan, Shaquille, and Jared entered the Shark Tank pitch seeking $150,000 for a 10% ownership in their firm, worth $1.5 million.
They discuss their goods and provide samples of it. The Sharks enjoy the product and the marketing strategy, but they want to know how it distinguishes from other products.
The Sharks enjoy the margins but think the $160 price tag is too high.
Lori feels they should reduce the price to $99 and attempt to reduce production costs in order to maintain their profitability.
Mark made a $150,000 offer for 20% equity in the company, but after consulting with three friends, he withdrew his offer.
Kevin offers $150,000 in exchange for 5% equity and a $1 royalty on every ball sold until the $500,000 is refunded.
Matt offers $150,000 for 10% equity shares, which was precisely what they were looking for.
Lori offers $150,000 for 5% plus a $1 per unit royalty until she recoups her investment of $500,000.
They eventually chose Lori’s offer and walked away from the pitch with a deal.
What Happened to MyoStorm After Shark Tank?
On the night of the planned air date, the company completely sold out of all items. Back orders were not completed until February of 2020. (The program premiered in October of 2019.) Lori’s deal never went through, and the firm is no longer featured on Lori’s website. Amazon still has the items available.
In June 2021, they launched a Kickstarter effort to debut the Meteor Mini, a smaller and less expensive version of the original Meteor.
They also developed new accessories, such as a 3-in-1 Recovery Roller (which turns the Meteor into a foam roller), a Dual Layer Recovery mat, and a Massage and Stretch strap.
The campaign has more than doubled its $50,000 goal by December 2021, with annual revenue of one million dollars.
MyoStorm’s Competitors
MyoStorm’s primary competitors are Chlyn Pro, Cortex Comfort, Buzzy Helps, and ADVANCE Medical Devices, among others.
MyoStorm’s Net Worth
During the pitch, the firm was valued at $1.5 million; since then, the company has performed well in sales, with annual revenue of $1 million in 2021.
What Happened to AFreSheet After the Shark Tank Pitch?
What Happened to Rapid Ramen Cooker After Shark Tank?
MyoStorm FAQs
Who invented the MyoStorm?
Jonothan Diperi, Shaquille Walker, Jared Ward. The company was founded in fall 2018 by Jonothan, Shaquille, and Jared with a $65,000 Kickstarter campaign.
How much does MyoStorm cost?
The MyoStorm itself costs $160 plus a $5 shipping charge. Replacement charges begin at $45, which is a total of $130 per year.
What kind of materials is used to make the MyoStorm?
MyoStorm is made from medical grade materials, such as thermoplastic polyurethane and high-quality fibers. It comes in three sizes – the regular 5-inch (or so), the Micro (3 inches), and the Mini (2 inches).
What is MyoStorm for sore muscles?
It can be used for recovery after training or injury. It can also be used before exercise or athletic competition. In fact, MyoStorm started as a recovery ball that would improve muscle strength and mobility after training or injury.
What type of company is MyoStorm?
It is a private company that sells sports equipment, specifically balls for massages.
How does MyoStorm work?
Rolling it over tight muscles gently and regularly relieves pain and stiffness. It combines vibration, heat, and pressure into a single unit.
How does MyoStorm relieve sore muscles?
MyoStorm was developed from the work of PhDs in exercise physiology and mechanical engineering who were investigating how vibration and heat affects muscle tissue. The combination of heat, vibration, and pressure from rolling the ball over tight muscles relieves pain and stiffness when triggered.
Is MyoStorm safe?
Yes. It has been tested on 100s of athletes and is completely safe.
What does MyoStorm do?
It relieves muscle stiffness and pain when rolled over tight muscles. It combines vibration, heat, and pressure into a single unit.
Why should you consider buying the newer Meteor Mini?
MyoStorm’s Meteor Mini is an entirely new ball that has its own unique benefits that can benefit anyone who uses it regularly.
Who are the target audience of MyoStorm?
Anyone who wants to relieve pain and stiffness in their joint and muscle area, whether you are an athlete, a hobbyist, or a person who likes to massage regularly.
Where is MyoStorm sold?
MyoStorm is sold directly at www.myostormball.com and on Amazon. It can also be purchased at physical therapy clinics and rehabilitation facilities.
