MyoStorm Net Worth 2022 – What Happened After Shark Tank

Jonothan De Peri and Shaquille Walker founded MuoStrom together to help end chronic pain and speed the healing of muscular and joint injuries.

They approached the Sharks and asked for $150,000 in exchange for 0% of their company. However, what they got was so much better.

Lori Greiner was the winning Shark on this deal. She offered them a $150,000 investment in exchange for only 5% equity as well as a $1 royalty on the $149 product until she recouped $500,000.

MyoStorm Meteor Quick Facts

Name:

MyoStorm Meteor

Pitch:

Heated, vibrating massage therapy ball

Entrepreneur:

Jonothan De Peri and Shaquille Walker

Asked for:

$150,000 for 10%

Deal:

$150,000 for 5% plus $1 royalty on each ball until $500,000 is recouped

Shark:

Lori Greiner

Monthly income:

$150,000

What is MyoStorm?

The MyoStorm Meteor is a modified massage tool that is used for therapeutic means. The ball is rolled or rubbed alone any muscle or joint that is hurt or strained to provide relief from pain and speed the healing process.

The massage ball has two different heat settings to soothe hurt muscles and increase blood flow to injuries to speed healing. The ball also has three different vibration speeds that vibrate in frequencies targeted towards healing muscle injuries.

Watch Shaquille Walker introduce MyoStorm here.

Who are ‘Jono’ Jonothan De Peri and Shaquille Walker?

The two men were missionaries at the same church together. De Peri went on to study mechanical engineering at BYU and study how vibration affects the human body and various healing processes.

Walker went on to train to be a runner and become the World Record holder of the road 800m. Walker and De Peri put their heads together and with Walker’s history of athletic injuries and De Peri’s mechanical engineering experience the two came up with MyoStorm.

What happened during the pitch?

Walker and De Peri were accompanied by a friend, marathon runner, and professor at BYU, Jared Ward, as they approached the Sharks. They set up their pitch for the Myosorm and asked for $150,000 in exchange for 10% of the business.

The Sharks were all impressed with the product itself as well as the team and the $70,000 success they already had on Kickstarter.

The Sharks initially thought the $160 price point was expensive, however, it now sells for $149 on their website. Each unit only costs $40 to make!

The investment

Mark Cuban made an offer with an interesting caveat, he said he would offer $250,000 for 20% of the company. However, if the pair considered another Shark’s offer he would withdraw.

Kevin O’Leary wanted to make an offer and De Peri wanted to hear it so Cuban dropped out immediately. O’Leary offered $150,000 for only 5% of the company plus a $1 royalty fee on each unit sold. Lori Greiner offered the same deal.

The pair deliberated on all of their offers and chose Greiner to partner with. Greiner would invest $150,000 for 5% of the company and a $1 royalty on each unit until she recouped $500,000.

Conclusion

With FDA-medical approval, Myostorm took off and has a strong brand presence as well as exceptional sales. They have many professional athletes that use their product and endorse MyoStorm.

The Meteor as well as other therapeutic equipment can be found on their website.