|SEASON 11 EPISODE 5|
|Pitch||heated, vibrating, massage therapy ball|
|Entrepreneur||Shaquille Walker, Jared Ward, and Jonothan Diperi|
|Asked For||$150,000 for 10%|
|Deal||$150,000 for 5% + $1 royalty per ball until $500,000 is repaid|
What is Myostorm?
Myostorm is a company that creates a palm-sized vibrating massage ball, known as the Meteor, that also gives off heat. You can use the Meteor not only for the typical tight back and neck muscles massage benefits, but for pain relief in sore muscles and post-exercise recovery. On the company website, they also sell branded apparel and replacement chargers.
Who Owns Myostorm?
Jonothan Diperi, Jared Ward, and Shaquille Walker are the co-founders of Myostorm. Going back to pre-university days, Jonothan and Shaquille are friends and former missionaries from the same church in Provo, Utah.
All three men attended Brigham Young University, and Jonothan studied Mechanical Engineering.
Today Jonothan is the CEO of the company. Shaquille who was on the track team, attained a B.S in Exercise Science, and is still with the company. Jared would later become a professor of statistics at BYU and a U.S Olympian at the 2016 games. He, too, is still involved with the company.
Since their missionary days, the two friends (Jonathan and Shaquille) would often share ideas and joke about how they’d one day invent some million-dollar product together.
Little did they know it would come true! While studying at university, Jonothan was a team member on a project that examined the positive effects of vibration on the human body when it comes to healing.
He shared some of the findings with his friend, which intrigued Shaquille, as he was training to become an 800-metre runner and qualify for the US Olympic team. Unfortunately, he was experiencing a lot of training-related hindering aches and pains.
Seeing a gap in the market, they theorized a vibrating product using the traditional foam roller concept. Designing a prototype ball, with the help of some researchers, they called it the Meteor due to its initial orange color and warming effect.
Buoyed by their initial success, the duo embarked on a Kickstarter campaign, during which they managed to raise $65,000 towards further research.
Around this time, friend and fellow alumni Jared joined the team for his expertise as a professional runner and statistics professor knowledge. With a workable design, all they needed was the capital to get the business off the ground.
Myostorm Shark Tank Update
Is Myostorm Still in Business?
Myostorm is still in business with Meteor 2.0. Potential clients can purchase it from their website and Amazon, and they also invite applicants from retail stores.
Several athletes endorse the product, and they also have an affiliate program. They’ve since expanded their executive team and grown to around ten employees.
In addition, they’re continuing to further their research into pain relief through vibration and heat, with numerous links to studies and articles posted on the website.