The Kymera Body Board, featured in season 10 of Shark Tank, represents an innovation in watersport technology and design. This product is essentially a personal, powered bodyboard designed to provide the thrill of jet skiing and the maneuverability of bodyboarding in a compact and highly portable package.
Kymera Body Board has received significant attention and acclaim in the water sports industry and beyond due to its unique design and advanced features. The Kymera Body Board has an electric motor that enables users to glide across the water at impressive speeds without needing waves or towing.
Controlled by a handheld remote, Kymera Body Board offers various speed settings, allowing users to adjust the ride to their comfort level or desire for the thrill.
Its sleek, lightweight design facilitates easy handling and maneuverability, making it accessible to a wide range of users, from novice water sports enthusiasts to experienced thrill-seekers.
Kymera Body Boards are remarkably portable. The bodyboard is designed to be compact and lightweight, with some models weighing as little as 48 pounds. This makes it easy to transport, even in a regular car, which sets it apart from other personal watercraft that usually require trailers for transportation.
The Kymera Body Board runs on an environmentally-friendly, rechargeable lithium-ion battery, contributing to its status as a green alternative to traditional fuel-guzzling watercraft.
This aligns with a growing preference for sustainable products and practices in the consumer market, making the Kymera Body Board an appealing choice for eco-conscious water sports enthusiasts.
Kymera Body Board, with its impressive blend of speed, maneuverability, portability, and eco-friendliness, offers a unique and exciting experience in water sports.
Kymera Body Board is a compelling choice for casual fun on the water or the thrill of high-speed aquatic adventure. Its appearance on Shark Tank in season 10 certainly showcased its potential, not just as a product, but as a game-changing innovation in watersports.
|Product||Bodyboard powered by electric jets|
|Investment Asking For||$250,000 For 5% equity in Kymera Body Board|
|Final Deal||$500,000 For 10% equity in Kymera Body Board|
|Kymera Episode||Season 10, Episode 20|
|Kymera Business Status||In Business|
|Kymera Website||Visit Website|
What Is Kymera Body Board?
The Kymera Body Board is an innovative and highly advanced watercraft that has revolutionized how people enjoy water-based recreational activities and sports. Jason Woods designed the Kymera Body Board to combine the thrills of surfing, kayaking, and jet skiing, providing users an unparalleled water experience.
The Kymera Body Board is an ultra-lightweight, compact, and battery-powered personal watercraft that can reach up to 20 miles per hour. This makes it perfect for individuals looking to ride waves, explore lakes, or simply have a fun-filled day at the beach.
Kymera Body Board weighs between 48 and 78 pounds, making it easy to carry and transport to different places for aquatic adventures. The board operates with an electric jet propulsion system, providing users a quiet, environmentally friendly, and fuel-efficient ride.
Additionally, its hydrofoil design allows the Kymera Body Board to glide easily across various water surfaces, offering unparalleled maneuverability and stability.
You can enjoy an unforgettable water experience on the Kymera Body Board whether you’re a surfer, a water sports enthusiast, or someone looking to spice up their beach adventure.
Its perfect blend of technology and design guarantees endless fun and contributes to water sports by offering a sustainable and eco-friendly recreational option.
Who Is The Founder Of Kymera Body Board?
The Kymera Body Board was conceived and developed by Jason Woods, an inventor, and entrepreneur with a passion for the outdoors and a knack for innovative design. He was born and raised in California, a place renowned for its diverse outdoor recreational opportunities, which instilled in him a love for water sports.
Jason Woods’ background is eclectic and not necessarily steeped in a particular discipline. His professional life has spanned various fields, from construction to information technology, but it was his passion for water sports and innovative technology that led him to conceive and develop the Kymera Body Board.
Woods got the idea for the Kymera Body Board as a teenager. He was inspired by the joy and freedom he experienced while bodyboarding and wanted to extend this experience to flat water conditions where waves were not required.
This idea was the birth of Kymera – a bodyboard with a propulsion system. However, making this dream a reality wasn’t an easy journey. Woods spent over a decade working on the project, often in his garage, refining the design and sourcing funding before he had a product ready for the market.
Before appearing on Shark Tank, Kymera had already made some waves in the water sports industry. In 2011, Woods launched a successful Kickstarter campaign raising over $30,000.
This helped him refine his product and attract further attention from investors. However, the real breakthrough came when the Kymera Body Board was recognized with the Popular Science “Best of What’s New” award for 2011 in the recreation category.
Despite the product’s initial success and acclaim, it faced financial challenges. The high manufacturing cost and difficulty scaling production to meet the demand made it hard for Woods to bring his innovative bodyboard to the mass market.
This led him to the stage of Shark Tank in Season 10 in a bid to secure the necessary funding and expertise to take his passion project to the next level.
How Was The Shark Tank Pitch Of the Kymera Body Board?
Shark Tank Episode 501
Jason appeared on Shark Tank requesting an investment of $250K in exchange for 20% of Kymera Body Board. He then narrates the Kymera narrative and demos the board with his fiancé. Then he films the Kymera in action.
Jason raises the issue of the jet ski being difficult to transport and extremely expensive.
Jason Greiner introduced an invention called a Kymera Electric Body Board. Rechargeable batteries power the lightweight water board and can hold up to 225 pounds of heavy riders.
Jason’s fiancé stands on the board to demonstrate the use of the board. Elis takes the trigger and moves the board forward and backward. Elise pushes the trigger, which causes the board to go forward and backward in time to make a turn forward or backward.
Jason shows the sharks a video showing the board in action. Jason started his business by building a gas engine, but now he uses electric motors because it is cheaper.
Lori is the first to ask how many units have he sold. Jason says that he isn’t able to sell any yet. Jason says he has not made any sales yet and hopes to make more.
He says he has not sold any boards since starting with a gas engine. It is over ten years old, and it shocks the sharks.
Jason informs the shark that he ran a successful Kickstarter campaign but did not reach the goal because the campaign had only generated $165,000. Jason says that customers could only buy one board due to regulations in place when Kickstarter launched.
Jason states he has a million dollars but has not sold any units. Sharks call him out, saying that he is giving excuses.
Jason says he should have sold the board first before he started working on his electric engine. Mark asks Jason why he did not start selling first to profit from the business.
Jason informs the sharks that a luxury brand wants to invest in his business. Jason states he is not getting any money for his invention but may have one.
Jason had a poor performance, and Mark was not happy with that. Jason says he has a million-dollar valuation, but no one has sold any of his products, and that’s why he’s stepping out.
Lori believes that Jason does not have sufficient money or a strategy for his business. She believes he does not have enough money to purchase more products. Mark advises Jason to let someone else run his business for him instead of him.
Lori says the product is not yet tested in the market, and there are too many risks associated with running the business, so she walks away. Daymond John believes that this is the show’s worst pitch and agrees with him. Jason walks off the stage without any deal from the Sharks.
Shark Tank Episode 501 Result: No deal between Kymera Body Board and Sharks.
Kymera Body Board on Shark Tank Episode 1020
The Shark Tank pitch for Kymera Body Board, led by its founder Jason Woods and his partner Adam Majewski, was particularly noteworthy due to its context and outcome. This was not Woods’ first appearance on the show, making it a rare instance of an entrepreneur returning to the tank after a previous rejection.
For the Kymera Body Board pitch in Season 10, Episode 21, Woods and Majewski sought an investment of $250,000 for a 5% stake in their company, valuing The Kymera Body Board at $5 million.
Their presentation included a demonstration video of the innovative watercraft to pique the Sharks’ interest and convince them of the product’s potential profitability.
Woods informed the Sharks that the production cost per unit was around $1,800, and they could sell each unit to customers at $3,500. This prompted concern from Kevin O’Leary regarding the product’s margins.
Despite this, Woods and Majewski tried to impress upon the Sharks that their company was doing well, boasting more than $300,000 in sales for that year. They also presented optimistic projections suggesting they could reach the $2 million milestone within the same year.
The Sharks’ reactions to the Kymera Body Board pitch were mixed. Kevin O’Leary proposed one of his signature royalty deals: an investment of $250,000 for 5% equity, but with the stipulation that he would receive $500 per unit sold until he recouped three times his initial investment.
Daymond John offered the same $250,000 but for a higher stake of 10%. Lori Greiner and Mark Cuban chose not to make any offer, effectively dropping out of the bidding process.
The most surprising offer came from Robert Herjavec, who shocked the entrepreneurs with a proposal of $500,000 for a 10% stake in the company. Woods and Majewski promptly agreed to this offer.
However, it is crucial to note that after their appearance on Shark Tank, the deal with Robert Herjavec was not finalized. Despite this, Kymera Body Boards has experienced considerable success, achieving over $5 million in annual sales, and its products can be purchased directly from the company’s official website. This shows the business’s resilience and the market’s positive response to its innovative product.
Final Deal: Kymera Body Board secured an investment of $500,000 for a 10% stake from Robert Herjavec on the Shark Tank show.
Kymera Body Board Shark Tank Recap
After Kymera Body Boards’ appearance on Shark Tank, despite the initial agreement on the show, the deal with Robert Herjavec for $500,000 in exchange for 10% equity was not finalized. Despite this setback, the company continued to move forward and has shown impressive growth in the years since.
Exposure from Shark Tank typically provides a significant boost in recognition and interest, and Kymera Body Boards was no exception. The show’s visibility likely contributed to increased sales and heightened consumer awareness.
The company has achieved over $5 million in annual sales, a considerable accomplishment given the high-end nature of the product and the niche market it serves. This indicates a positive market response to the innovative watercraft, demonstrating a viable market for such a unique product.
The company has also successfully maintained its online presence, with products available directly from its official website. This serves as a testament to the company’s resilience and ability to adapt to modern e-commerce trends, enabling it to reach a broader customer base.
Kymera Body Boards has experienced considerable growth and success since its appearance on Shark Tank, demonstrating that it can thrive without securing a deal on the show.
The company’s progress reflects the power of innovation, determination, and strategic business practices, and it remains a key player in water sports.
Mark Cuban advised Jason Woods to join Adam Majewski after Season 5, who took over the business’s day-to-day operations. They signed an arrangement for $350,000 each year, and as the season 10 episode was being filmed, the firm projected total revenue of $20,000,000 at the end of the year.
Kymera Body Board made $350,000 for a year, and while the season 10 episode was being taped, the company projected $20,000,000 by year’s end.
Kymera Body Board Shark Tank Update
After appearing on Shark Tank, Kymera Body Board, a company specializing in lightweight electric jet body boards, experienced significant developments and growth. Here is what happened to Kymera Body Board and its business after its appearance on the show:
In Season 5 of Shark Tank, the founder of Kymera Body Board, Jason Woods, showcased his prototype but did not secure a deal with the Sharks. However, he took their advice to heart and significantly changed his product.
Determined to succeed, Woods returned to the show in Season 10 and sought a $250,000 investment for five percent equity. During his second pitch, Woods received three offers from the Sharks.
Ultimately, he accepted Robert Herjavec’s offer of $500,000 for a 10 percent stake in Kymera Body Board. However, Herjavec did not finalize the deal after the episode aired. Despite this, Kymera Body Board continued to thrive in the market.
Following its appearance on Shark Tank, Kymera Body Board has been actively selling its body boards and accepting reserve orders for other watercraft products such as kayaks, surfboards, and personal watercraft.
The company has experienced impressive growth, with over $5 million in annual sales, and is available for purchase on its website. Kymera Body Board’s product line includes various models of electric-powered watercraft catering to surfers and sailors seeking affordable and innovative options.
Furthermore, Kymera Body Board expanded into the field of robotics, with its robot Tracer featured on a Battlebots episode. This move showcases the company’s commitment to innovation and diversification.
Throughout its journey, Kymera Body Board has leveraged the opportunities provided by the “Shark Tank effect” and the exposure gained from the show.
With a track record of profitability, partnerships with luxury boat manufacturers, and successful fundraising efforts, the company has grown into a multi-million-dollar enterprise with global distributors and retailers.
They continue to expand their product offerings and explore new avenues for growth and market penetration. Kymera Body Board experienced significant progress and success after appearing on Shark Tank.
Although the initial deal with Robert Herjavec did not materialize, the company has continued to sell its electric-powered watercraft, achieved impressive sales figures, ventured into robotics, and expanded its distribution network.
Kymera Body Board exemplifies the positive impact that the show can have on a business, allowing it to thrive and succeed post its appearance on the Shark Tank show.
Is Kymera Body Board Still In Business?
According to our research, Kymera Body Board is still in business. They continue selling electric bodyboards and other watercraft products such as kayaks, surfboards, and personal watercraft.
The company has expanded its product line and gained international distribution with 36 distributors. Customers can purchase Kymera Body Boards through rental, marine shops, and their website.
What Is the Net Worth of Kymera Body Board?
According to our research, the net worth of Kymera Body Board is estimated to be $5 million as of 2023. The valuation of Kymera Body Board was $5 million when it appeared on Shark Tank season 10 and secured an investment from Robert Herjavec.
Also, read other notable businesses from Season 10 of Shark Tank:
- Flip-It Cap Shark Tank Update
- The Handbag Raincoat Shark Tank Update
- Beyond Sushi Shark Tank Update
- The Kombucha Shop Shark Tank Update
- Mother Beverage Shark Tank Update
- Wild Earth Shark Tank Update
- Luma Soda Shark Tank Update
- Pick-Up Pools Shark Tank Update