Jason Woods pitched the Kymera Body Board, a super cool personal watercraft, on Shark Tank episode 501, on November 1, 2013.
The Kymera Body Board campaign, which Woods recently launched, did not reach its $25,001 goal, unlike previous Kickstarters. A Kickstarter campaign run by Woods raised approximately $165,000, but he never cashed out.
He has designed the Kymera Body Board for nearly a decade. It’s a surfboard-style electric-powered personal watercraft that’s lightweight and (relatively) affordable.
Kymera Body Boards typically cost upwards of $20,000, so the $3,500 is a steal.
You can carry it as easily as a surfboard, and you can charge the batteries with an optional solar charger if you want to spend a sunny day at the beach or lake.
Before the original air date, the boards are available for pre-ordering on the Kymera website.
Woods is most likely seeking Shark assistance to get production underway and raise exposure for the product.
Kymera gets a second chance to take the shot in episode 1020. Since being destroyed, Jason has sold Kymeras in seven retail locations and built up a rental partner network.
He’s hoping the Sharks be kinder to him this time. Jason’s second attempt went much more smoothly.
What Is Kymera Body Board?
Kymera Body Boards are electric-powered surfboards. Rechargeable batteries power the boards. If you want to experience jet skiing but don’t want to spend a lot of your deposit, this is the ideal solution.
|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|
|Episode||Season 5 Episode 7|
|Business Status||In Business|
Who Is The Founder Of Kymera Body Board?
Jason Woods created the Kymera Body Board, a revolutionary new method for riding waves using the body.
Kymera Body Board Before Shark Tank
Jason Wood lived in Napa and frequently visited the ocean. Like him, he often notes that other people like watching the ski jets in the sea, as not everyone can afford it.
Jason has decided to create something more inexpensive for the general public.
Jason graduated from a new technology high school, where he had a passion for product design. Jason’s family assisted him in establishing a shop to bring his vision to life.
He spends ten years attempting to bring his product to market. He supported himself financially during this period by working at corporate events as light and video engineer.
Jason launched a Kickstarter effort to raise funds, but he fell short of his $250,000 objective, raising only $165,000.
Jason arrived on season 5 looking for a $250,000 investment for a 5% stake in Kymera, but there was only one problem: Kymera had not made a sale in the past decade, so sharks decided to walk away.
Jordon Wood returned for a second opportunity in season 10 of the show. Let us see how he fared.
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.
Lori believes the riding position is inconvenient. Kevin objects to the battery’s limited life of 30-60 minutes.
Mark then requests sales data. Mark chastises Jason for not answering the decade-long switch from a gas board to a battery board.
Lori then inquires whether or not the boards Jason brought are prototypes, to which Jason responds that he does not currently have items for sale.
Jason then discusses raising $165K on Kickstarter, despite the target being $250K. Jason attributes the failure of Kickstarter’s decision to change the rules regarding multiple sales.
Jason reveals that he has invested $130K in Kymera over the last decade. According to the Sharks, he should have sold some items during that time.
Jason wishes to sell directly to consumers via the internet. Mark then refers to him as a “wantrepreneur;” he believes he could have sold a product over ten years and exits.
Lori believes he has not examined it thoroughly enough and that there is excessive risk of responsibility; she, too, is out. Daymond then exits, declaring this the “worst pitch I’ve ever seen.”
Kevin declares that a $1 million valuation is irrational and exits. JP DeJoria believes Jason’s business is more of a pastime than a business, and he also goes out.
Jason exits, declaring that he is “very enraged” and that the Sharks “couldn’t see anything.”
Shark Tank Episode 501 Result: No deal between Kymera Body Board and Sharks.
Shark Tank Episode 1020
Jason’s appeared on Shark Tank for the second time on episode 1020, seeking an investment of $250,000 for a 5% stake in the business.
As he entered the Tank, the Sharks remembered him, and he did not attempt to hide his initial encounter.
He informs the Sharks that he has heeded their recommendations and made significant improvements to his business. The company now manufactures electric kayaks and surfboards in addition to bodyboards.
Jason ultimately went “all in” with his firm, quitting his job and hiring Adam Majewski (who will appear on stage alongside him) to oversee operations.
The product in this Tank is not a prototype, but a whole, working model that is now being sold. Jason also customized the powerplant for use on different types of watercraft.
Jason has invested over $600,000 in the firm since he last appeared on Shark Tank, and he recently negotiated a deal with a major boat manufacturer.
Jason reports that sales are brisk. He requires a Shark to assist him in maintaining inventory. Sharks are biting this time.
Kevin offers $250,000 in exchange for a 5% commission and a $500 board royalty for a total of $750,000.
Daymond offers $250,000 in exchange for 10% and states that he will assist with production and licensing.
Robert believes they require further funding and offers $500,000 in exchange for a 10% stake. Jason consents!
Final Deal: Robert agreed to invest $500,000 for a 10% stake in Kymera Body Board.
What Happened To Kymera Body Board After Shark Tank?
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
Kymera Body Board launched a Kickstarter campaign before the show aired, offering a new bodyboard from the initial production run for $1995. They’d sold two as of concert night. After a week, he had sold six.
The Kymera Body Board has been available on a pre-order basis since its debut in August 2015. The price of the item has been increased to $2995. Let’s see how Kymera performs!
The pre-order price for the boards is $3750 as of 2016. Kymera is also looking for rental operators. By 2019, they don’t offer direct customer service via their website, but they are offered through seven marine stores and 36 wholesalers worldwide.
The situation might change in episode 1020 when Jason returns to the Tank for the SECOND TIME in five years.
It appears the arrangement with Robert did not work out after Robert’s participation in season ten. It is good news that the boards are now available on the website for $3995.00.
The company also accepts reservations for kayaks, surfboards, and personal watercraft. Jason seemed to have truly learned his lesson!
Kymera Body Board has 23 dealerships worldwide as of January 2022. Additionally, you can order them directly from the company’s website. The company is expected to generate $5 million in revenue by the end of 2021.
Is Kymera Body Board Still In Business?
Kymera Body Board is still in business and sells body boards and accepts pre-orders for kayaks, surfboards, and personal watercraft. Kymera also manufactures robots!