Nexersys did not get an investment from the Sharks.
Courtesy of nexersys.com
1. An interactive boxing/fitness system.
2. Combines the exertion of a workout with the fun of gaming.
3. Provides a detailed analysis of your workout.Buy Nexersys at Amazon.com →
Remind me never to get in a fight with Mark - guy can throw a punch!
Fun boxing demonstrations aside, this is an unfortunate KO for Terry Jones. It's a shame because it does look like a fun way to get in shape and keep sharp at the same time.
I don't have an MBA - and the business lingo was flying fast and loose in this segment - so I won't recap all the ups and downs and hooks and jabs because I'll just mess it up, but the takeaway lesson is: don't come into the Tank with $7 million worth of debt, no matter how optimistic you are that you'll get out of it.
I was impressed with Terry, though. He kept his composure, he did a great job demonstrating his product, and he seems very driven to make the Nexersys succeed. If I had one critique it would be the name of the product. "Nexersys" seems more like the name of an early 90s telecomm company than a rad, souped up punching bag.