MyoStorm Shark Tank Net Worth 2023
MyoStorm Shark Tank Net Worth
As of February 20, 2023, MyoStorm is estimated to have a net worth of $2 million. The company was founded in 2018 by Shaquille Walker and Jonothan DiPeri, and they appeared on Shark Tank in October 2019 accompanied by Jared Ward.
On the show, they requested an investment of $150,000 in exchange for 10% equity in MyoStorm. Lori Greiner offered them $150,000 for 5% equity and a $1 royalty on the product until she recouped $500,000, which they accepted.
MyoStorm’s Meteor product was initially listed at $149 but was later reduced to $99 after Greiner’s investment, leading to a jump in sales.
The company has also made endorsement deals with pro athletes and is estimated to generate approximately $1.8 million annually as of 2022.
As such, MyoStorm’s net worth is estimated to be above $2 million as of February 20, 2023.
What is MyoStorm? Who is the founder of MyoStorm?
MyoStorm produces a small vibrating massage ball called the Meteor that is also capable of emitting heat. This device is not limited to providing massage to the neck and back muscles, but it is also suitable for treating sore muscles and post-workout rehabilitation.
The company also sells branded merchandise and replacement chargers on its website.
The three co-founders of MyoStorm, Jonothan Diperi, Jared Ward, and Shaquille Walker, have a background in mechanical engineering, exercise science, and statistics, respectively.
Jonothan, the CEO of the company, and Shaquille, who is still employed by MyoStorm, were childhood friends and former missionaries from the same church in Provo, Utah. Jared is also still working for the firm while serving as a statistics professor at BYU and a US Olympian in 2016.
MyoStorm’s Kickstarter campaign in the fall of 2018 was successful, raising $65,461. With the help of their team, they were able to complete the project and release the product to the market by early spring 2019.
The Meteor combines the best features of several massage tools to deliver a package of vibration, heat, and pressure in one device.
The product was developed with the help of well-known PhDs in exercise physiology and mechanical engineering to study the effects of vibration and heat on muscle tissue.
The Meteor’s heat, vibration, and pressure features provide relief for pain and stiffness when rolled over tight muscles.
MyoStorm has gained endorsement from a variety of athletes, including track and field stars and bodybuilders. Several universities also use the Meteor as part of their training and therapy programs.
MyoStorm’s team is committed to bringing their product to the market, and they were able to create a prototype of the Meteor by the end of 2017 and release it to consumers within a year.
MyoStorm Shark Tank pitch
During season 11, episode 5 of Shark Tank, Jonothan Diperi, Shaquille Walker, and Jared Ward presented their pain and muscular stiffness healing ball, MyoStorm, to the Sharks, seeking their assistance in scaling and manufacturing.
The three entrepreneurs offered the Sharks a 10% stake in their company for $150,000, which was valued at $1.5 million.
After describing their product and providing samples, the Sharks expressed interest in the product and marketing strategy but wanted to know how it differentiated from similar items.
While the Sharks liked the margins, they believed the $160 price tag was too high. Lori suggested reducing the price to $99 and minimizing manufacturing expenses to maintain profits.
Mark initially offered $150,000 for 20% equity in the company, but he retracted his offer after discussing it with his friends.
Kevin offered $150,000 in exchange for 5% equity and a $1 royalty on each ball sold until he recouped $500,000. Matt offered the exact deal the entrepreneurs were seeking, $150,000 for 10% equity.
Lori proposed a $150,000 investment for 5% equity and a $1 per unit royalty until she recouped $500,000, which the entrepreneurs ultimately accepted.
However, the deal was never completed, and the company is no longer mentioned on Lori’s website.
Nonetheless, the company sold out of all its merchandise on the night of the intended air date and completed backorders in February 2020, after the show aired in October 2019.
The company launched a Kickstarter campaign in June 2021 to introduce a smaller and more affordable version of the MyoStorm, the Meteor Mini.
They also released additional attachments, including a 3-in-1 Recovery Roller, a Dual Layer Recovery mat, and a Massage and Stretch strap.
The campaign exceeded its $50,000 objective, and the company’s annual revenue reached one million dollars in December 2021.
Competitors of MyoStorm
The main competitors of MyoStorm are; Chlyn Pro, Cortex Comfort, Buzzy Helps, ADVANCE Medical Devices among others.
MyoStorm Net Worth
The company was valued at $1.5 million during the pitch, since then the company has been performing well in sales with annual revenue of $1 million in 2021. This justifies that the company’s net worth had increased.
Myostorm Shark Tank Update
MyoStorm is a massage therapy ball designed for muscle recovery. The entrepreneurs behind MyoStorm’s Meteor massage ball appeared on Shark Tank in Season 11 Episode 5, seeking $150,000 for 10% of their business.
Lori Greiner offered them $150,000 for 5% equity and $1 per unit sold until $50,000. The deal was closed, and MyoStorm sold out of its existing stocks immediately after the episode aired.
After Shark Tank, MyoStorm improved the original Meteor and now sells a 2.0 version that includes USB-C charging and an improved heat function.
The company has 10 employees and has an average monthly sales figure of $150,000. MyoStorm has also established relationships with athletes who back the brand.
In summary, MyoStorm received an investment of $150,000 for 5% equity and $1 per unit sold until $50,000 from Lori Greiner on Shark Tank. The company has since improved its product and has an average monthly sales figure of $150,000.
Summary Table of MyoStorm Shark Tank Net Worth 2023
| INFORMATION | DETAILS |
| Company Name | MyoStorm |
| Product | Meteor – a small vibrating massage ball that also emits heat |
| Founders | Shaquille Walker and Jonothan DiPeri |
| Shark Tank Appearance | Appeared in Season 11 Episode 5 and received $150,000 for 5% equity and a $1 per unit royalty until Lori Greiner recouped $500,000 |
| Competitors | Chlyn Pro, Cortex Comfort, Buzzy Helps, ADVANCE Medical Devices |
| Net Worth | Estimated to be over $2 million as of February 20, 2023 |
| Update | The company launched a Kickstarter campaign in June 2021, introduced new products, and reached an annual revenue of $1 million in December 2021 |
MyoStorm FAQs
What Is Myostorm And How Does It Work?
MyoStorm is a vibrating heating massage ball that uses vibration and heat therapy to relieve pain and speed up muscular recovery time. It is a clinically researched, medical-grade trigger point therapy massage ball that can be used on most muscle groups such as legs, back, arms, and more.
The Meteor’s deep tissue massage is perfect for stiff muscles, knots, soreness after workouts, and is perfectly calibrated for everyday aches and pains. The device has four vibration levels and heats up to 120°F.
To use the MyoStorm Meteor, you need to press the power button firmly to turn it on. The device has three scientifically-backed vibration settings and a therapeutic heat setting.
The Meteor’s accessories make it the most versatile massage ball on the planet. The device can be used virtually anywhere, unlike a foam roller or large massaging machines. The heat therapy with this product can help alleviate lower back pain or shoulder pain.
According to customer reviews, the MyoStorm ball has been particularly useful in alleviating pain and soreness in quads, hamstrings, and lower and upper back.
Using the MyoStorm ball for 10 minutes prior to bed has been reported to be helpful in alleviating lower back pain and making sleeping easier.
Who is the founder?
MyoStorm was founded by Jonothan Diperi, Jared Ward, and Shaquille Walker.
What Was The Outcome Of Myostorm’s Pitch On Shark Tank?
MyoStorm appeared on Shark Tank in Season 11 Episode 5, seeking $150,000 for 10% of their massage therapy ball, MyoStorm.
The outcome of their pitch was that they made a deal with Lori Greiner for $150,000 for 5% equity and $1/unit until $50,000.
Despite some of the Sharks believing that the retail price was too high for a piece of equipment like the Meteor Ball, the owners of MyoStorm decided to keep it very close to what it was.
Since their appearance on Shark Tank, MyoStorm has continued to improve their product and now sells a new and improved version of their athletic recovery ball, the Meteor Ball 2.0, along with other accessories and equipment.
Who Invested In Myostorm On Shark Tank?
Lori Greiner invested in MyoStorm on Shark Tank. She offered the entrepreneurs $150,000 for 5% equity and a $1 royalty on each unit until she recouped $500,000. The deal was accepted by the MyoStorm team, and they partnered with Greiner.
What Is The Latest Product From Myostorm?
MyoStorm is a wellness brand that provides innovative massage therapy tools designed for enhanced muscle recovery, increased flexibility, and chronic pain relief.
The company’s latest product is the MyoStorm Meteor 2.1, which is the world’s first heat and vibration massage ball.
The Meteor 2.1 allows users to use both heat and vibration, or either one, to treat sore and stiff muscles. It is a firm-surfaced, small, spherical-sized ball that is easy to use on all muscle groups.
The Meteor 2.1 helps increase blood flow and release stored lactic acid, making it great for post-workout recovery, pre-workout warmup, or everyday soreness.
MyoStorm was founded in 2018 by Jonothan “Jono” DiPeri, and the company has ten employees. The Meteor massage ball was created by DiPeri, Shaquille Walker, and Jared Ward.
MyoStorm’s products are used for trigger point therapy, neck and back massage, pain relief, and exercise recovery.
The company has multiple patents, and its products are TSA approved. In early 2022, MyoStorm is slated to launch a series of new and highly anticipated products.
How Has Myostorm Improved Since Appearing On Shark Tank?
MyoStorm is a wellness brand that provides innovative massage therapy tools designed for enhanced muscle recovery, increased flexibility, and chronic pain relief.
The company’s debut product, The Meteor, is a massage therapy ball that features unique self-heating elements coupled with MyoStorm’s Ultrasoothe Vibration technology.
The Meteor was featured on ABC’s Shark Tank in 2019, and Lori Greiner invested $150,000 for 5% equity, plus $1 per unit sold until $500,000 recouped.
Since appearing on Shark Tank, MyoStorm has improved its original product, The Meteor, and now sells a 2.0 version that includes USB-C charging and an improved heat function.
The company has also expanded its product line to include MyoStorm accessories and equipment bundles, which helped the company grow even more.
MyoStorm’s slow and steady growth has been attributed to its relationships with athletes that back the brand.
In 2021, MyoStorm announced that it was set to launch new products in early 2022.
However, a more recent update from 2023 suggests that the company had to grow on its own after appearing on Shark Tank, and there was no evidence of the deal with Lori ever being closed.
Despite this setback, MyoStorm sold out of its existing stocks immediately after the episode aired and had an influx of new customers.
How much were they asking on Shark Tank?
The Sharks offered $150,000 for 10 percent equity in the firm, which is equivalent to $1.5 million in net worth.
Did they have the deal?
Yes, they did from Lori Greiner.
How much was the deal?
Lori Greiner offered $150,000 for 5% equity in the firm and a royalty of $1 per unit sold until the company recoups $500,000.
Is MyoStorm still in business?
Yes, MyoStorm is still in business.
How much is MyoStorm worth now?
The company was valued at $1.5 million during the pitch, since then the company has been performing well in sales with annual revenue of $1 million in 2021. This Justify that the company net worth had increase.
Where is MyoStorm?
MyoStorm is headquartered in Provo, Utah.
What is the cost of MyoStorm?
The Meteor is sold at $159.99 on the company’s website. The 3-in-1 Recovery Roller is sold at $149.99, the Massage Strap at $29.99, and the recovery mat at $34.99.
How do I use MyoStorm?
When using the product, first turn off the power switch. Users can use the pre-set temperature settings to control the heat, vibration, and pressure the ball produces.
How do I buy MyoStorm?
MyoStorm products may be purchased on their website or from third-party retailers like Amazon.com.
Does MyoStorm have any alternatives?
Yes, there are many alternatives to MyoStorm available on the market.
Does MyoStorm have a return policy?
Yes, there is a 60-day money back guarantee. If customers do not feel that the product is effective, they can return it for a full refund.
Is MyoStorm ship?
Yes, the product can be shipped to most countries. For details visit MyoStorm
Does MyoStorm charge for shipping?
No, shipping is free for orders over $75.
Is MyoStorm sold at Walmart?
No, the product is not available at Walmart. However, it may be purchased on Amazon.com or directly from their company website.
Does MyoStorm ship internationally?
Yes, there are no restrictions on international shipping. The product may be shipped to more than 70 countries worldwide.
How much is MyoStorm annual revenue?
MyoStorm annual revenue is estimated at $1 million in 2021.
What is the net worth of Jonothan Diperi?
The net worth of Jonathan Diperi is unknown.
What is the net worth of Jared Ward?
The net worth of Jared Ward is unknown.
What is the net worth of Shaquille Walker?
The net worth of Shaquille Walker is unknown.
