Kalyx Technologies creator Kimberly Cayce appears on Shark Tank episode 106 in an attempt to win over the sharks with her products and passion.
Kimberly Watson, a former professional golfer, spent three years researching, designing, and beta testing her Athletic Bra line.
Her experience as a competitive athlete has taught her the importance of wearing a bra that fits properly.
She has created a collection of athletic bras that are both eco-friendly and activity-specific.
What Is Kalyx?
Kalyx Technologies is a company that creates comfortable sports bras to relieve exercise-induced breast pain.
|Company Name||Kalyx Technology|
|Product||A sports bra that is comfortable and reduces exercise pain|
|Investment Seeking||$125,000 For 20% equity in Kalyx Technology|
|Final Deal||No Deal|
|Episode||Season 1 Episode 6|
Who Is The Founder of Kalyx?
Kimberly Cayce is the founder of Kalyx Technology that manufactures sports bras to reduce exercise pain.
Kalyx Before Shark Tank
Kalyx Technologies manufactures specialized sports bras and other athletic apparel founded by Kimberly Cayce. It is a women-owned company.
Kimberly Cayce competed internationally as a professional golfer for five years.
The time she spent as a professional athlete has been extremely motivating for her and her business.
Kimberly Cayce’s professional golf career was cut short by a divorce, leaving her feeling she wanted to remake herself.
Kimberley Cayce studied her concepts, prototyped them, and beta tested them for the last three years.
Her business is currently experiencing financial difficulties, as investors have come and gone.
She declares that she desperately needs an investment from the Sharks or will not continue the business.
Kimberly has invested virtually all of her life savings in Kalyx Technologies.
How Was The Shark Tank Pitch Of Kalyx?
Kimberly’s short introduction video explains how her experiences as a professional golfer influenced her business.
Kimberly Cayce begins by introducing herself to the Sharks and introducing the other women as Kalyx members.
The former professional golfer divorced shortly after retiring and felt her life needed reinvented.
The company she reaches to the Sharks is on the verge of bankruptcy.
Kimberly Cayce explains that her company is called Kalyx Technologies and that she is looking for a $100,000 investment in exchange for a 20% stake in the business.
Kimberly approached the Shark Tank seeking an investment of $120,000 for a 20% stake in Kalyx Technologies.
The entrepreneur offers her product to the Sharks, explaining that “we believe only balls should bounce when a woman exercises.”
A few Sharks laugh and laugh, but Kimberly is not amused, stating that “exercise-induced breast soreness affects millions of women.”
There are eight types of athletic bras, each with distinct characteristics based on the performed physical activity.
All bras have a “patent-pending” Kalyx Technologies power sling insert that minimizes mobility.
Robert inquires about sales, and Kimberly acknowledges that this is a start-up business with a waiting list of ladies eager for the product’s launch.
An order has also been placed for merchandise by a retail establishment.
When queried about predicted sales, Kimberly admits that the company has had a difficult time and is in serious need of financing since she has invested over $100,000 of her own money.
The Kevin’s initiate a discussion on the abundance of sports bras on the market, and a conversation begins in which Kimberly asserts her authority and defends her perspective.
Kevin O adds, “I’m torn between sticking needles in my eyes and making the $125,000 commitment.”
Kimberly is then obliged to justify her viewpoint. Damon inquires about the patent, while Kevin H. inquires about her intended use of the funds.
Kimberly then discusses how she intends to use the funds to fund the patents and commence production. Her goal is to connect with consumers via her website.
Kevin H. is the first to exit, quickly followed by Barbara after Kimberly informs her that she can anticipate a return on her investment in five years.
Damon, as well as Robert and Kevin O., quickly follow, albeit after a brief spat.
Kevin O dismisses Kimberly from the stage after informing her that “she is a nothing burger on her way to zero.” He tells her not to cry as he concludes his talk.
Kimberly maintains her cool until she exits the tank, at which point she lets the tears fall. She has been defeated.
What Happened To Kalyx After Shark Tank?
Kimberly Cayce has been perfecting her sports bras for three years, but she has not sold a single one.
Kalyx Technologies was on the verge of bankruptcy, and she had invested a significant amount of her own money into it.
She needed a significant investment from the Sharks to manufacture and sell her sports bras.
Kalyx Technologies raised over $500,000 in Venture Capital and Angel Investments following its appearance on ABC’s Shark Tank on September 13, 2009.
The company increased its revenues and sales year-over-year from 2008 to 2012. It opened several high-profile gyms, yoga studios, and boutiques, including Equinox, Yoga Works, and Montage Resorts.
Kalyx items were also offered online via stores like Hautelook and in boutiques and studios around Australia, Europe, the United Kingdom, and South America.
The team created an award-winning sports bra and apparel collection, and KALYX items have been acknowledged for their design quality.
The KALYX items were featured in magazines such as Us Weekly, Health, Women’s Health, Self, Shape, and Glamour after celebrities like Jennifer Anniston and Kate Hudson wore them.
Finally, internet reviews indicate that consumers of the Kalyx sports bra find them to work flawlessly and intend to continue using them for a long time.
Is Kalyx Still In Business?
The ladies of Kalyx Technologies rose to their feet when Kimberly was vanquished.
Their 2010 team Kalyx calendar was created in collaboration with the City of Hope Hospital. From the sale of each calendar, they donated $1.00 to breast cancer awareness, education, and treatment.
Kimberly raised almost twice as much from investors as she requested from the Sharks.
Moreover, it was stated that following her appearance on Shark Tank, her website GoKalyx.com became overwhelmed with orders, with enthusiastic buyers purchasing 4,000 units.
ActivewearUSA purchased Kalyx Technologies in 2012.
Kimberly is working for The Adzi Agency as a Senior Marketing & Operations professional.