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Nexersys Shark Tank Pitch ends with no deal but good insight

Nexersys Shark Tank Pitch ends with no deal but good insight

posted on March 24, 2018

Nexersys Shark Tank Pitch

Nexersys combines the benefits of a personal trainer with the fun of todays online games. The system provides a detailed analysis after you are finished. Mark Cuban gets up and tries the Nexersys system.

The company has a huge valuation, and has $4.2 million in sales over eighteen months. They have a commercial and a personal model. The commercial has about 70% of the sales, and cost to make is just under $2,000 and sells for $7,000.

The home unit sells for $2995, and they do TV Commercials, spending about a million dollars and produced a million and a half. They have $7.5 million of shareholder debt. Terry owns 35% of the company.

Nexersys Episode Data

  • Company: Nexersys
  • Entrepreneur: Terry Jones
  • Ask: $2,000,000 for 10% equity
  • Episode Season 5 Episode 516
  • Companies in this episode:
    • Cow Wow
    • Nexersys
    • Cycloramic
    • The Cookie Dough Cafe
    • Pro-NRG – Featured Update
  • Sharks:
    • Mark Cuban
    • Daymond John
    • Kevin O'Leary
    • Lori Greiner
    • Steve Tisch
  • First Aired: 01/31/2014
  • Deal:

What do the Shark Tank Investors say about Nexersys?

  • Mark Cuban – says they are going to force him into bankruptcy and anything that you have is going to be gone. Mark doesn't understand how he has $7.5 million in development on this device. He is out.
  • Daymond John – thinks he is in a fight with Mike Tyson coming into the third round and he is about ready to knock you out. He is out.
  • Kevin O'Leary – said he would wait for the debt to come due, and then own the company. He asks Terry if he thinks that a savvy guy would want that debt eliminated before the investment. Kevin sees him as an employee of the company in the future. Kevin is out.
  • Lori Greiner – thinks he will figure out how to get out of the debt, but she does not want to be on it with the debt. She is out.
  • Steve Tisch – Great product, too much debt. He is out.

Nexersys after Shark Tank

Nexersys addresses the Sharks on their website, they listened. Their sales increased by 450%. The company is profitable and are now generating over 50% of profits from software and royalties. Over half their debt converted into stock, allowing them to service the remaining debt from profits.

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Filed Under: Shark Tank Tagged With: Episode 516, Season 5, Shark Tank Season 5

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