What Happened To Kymera Body Board After Shark Tank?

Jason Woods pitched the Kymera Body Board, a super cool personal watercraft, on Shark Tank episode 501, on November 1, 2013.

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.

Kymera Body Board Shark Tank Update
Company NameKymera
EntrepreneurJason Woods
ProductBodyboard 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
SharkRobert Herjavec
Episode Season 5 Episode 7
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Kymera Body Board?

Jason Woods is the founder of 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.

Jason raises the issue of the jet ski being difficult to transport and extremely expensive.

Jason Greiner introduces an invention called a Kymera Electric Body Board. The lightweight water board is powered by rechargeable batteries 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, that causes the board to go forward and backward, in time to make a turn forward or a 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 that he has not made any sales yet, and hopes to make more in the future.

He says that since he began out with a gas engine, he has not sold any boards. 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 due to regulations that were in place when Kickstarter launched, customers could only buy one board.

Jason states that 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 make money from the business.

Jason informs the sharks that a luxury brand wants to invest in his business. Jason states that he is not getting any money for his invention, but he 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 actually 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 worst pitch on the show and is in agreement 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

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.

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

You can purchase The Kymera Body Board on a pre-order basis since its debut in August 2015. The price of the Kymera Body Board has been increased to $2995.

The pre-order price for the boards is $3750 as of 2016. Kymera is also looking for rental operators.

By 2019, Kymera Body Board didn’t offer direct customer service via their website, but they are offered through seven marine stores and 36 wholesalers worldwide. 

Kymera Body Board Shark Tank Update

Kymera Body Board 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 2022. Additionally, you can order them directly from the company’s website.

Kymera Body Board generates an annual revenue of $5 million according to their financial report 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!

What Is the Net Worth of Kymera Body Board?

The valuation of Kymera Body Board was $5 million when it appeared on Shark Tank. The net worth of Kymera Body Board is $5 million as of 2022.

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