Dealing with nausea is a common problem. It can be caused by many things, like motion sickness, pregnancy, or even stress. Sometimes people have to rely on medications or other remedies to ease their discomfort. But what if there was a natural solution that didn’t involve drugs or side effects? This is where PSI bands come in.
Psi Bands are acupressure wristbands designed to relieve nausea. They work by applying gentle pressure to specific points on the wrist. This pressure helps to reduce the feeling of nausea. Romy Taormina, the creator of Psi Bands, came up with the idea after struggling with nausea herself. She wanted to create a simple and effective way to help others without relying on medication.
In this episode of Shark Tank, Romy pitched her product to the Sharks. She asked for $250,000 in exchange for 10% equity in the company. Did the entrepreneur get a deal on Shark Tank? Keep reading our Psi Bands update to find out!
Psi Bands Net Worth Shark Tank Update 2025
Romina Rasmussen and Romy Taormina went on Shark Tank asking for $250,000 for 10% of their company. This meant they thought their business was worth $2,500,000. They did not make a deal with any Shark. The episode was aired on March 8, 2013. The company remains active and continues to sell acupressure wristbands for nausea relief. Using the default 10% yearly growth method, the current net worth of Psi Bands is estimated to be around $3–4 million in 2025.
The product has made great strides since appearing on Shark Tank. While Romy didn’t get a deal from the Sharks, her product gained significant attention. The acupressure bands are now sold in many major stores like CVS, Walgreens, and Target. They are also available on Amazon and the Psi Bands website.
In 2023, Psi Bands had an estimated annual sales of $5 million. Romy’s persistence paid off. Despite not getting a deal on Shark Tank, she managed to make her business a success. Psi Bands is still in business and continues to grow. The product is loved by many and has become a go-to solution for people dealing with nausea.
No, Psi Bands did not get a deal on Shark Tank. Romy pitched her business, asking for $250,000 for 10% equity. She impressed the Sharks with the product’s potential. However, the financials didn’t add up, and the Sharks had concerns.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Griener | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | $250,000 for 40% equity | N/A | No |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Psi Bands Shark Tank pitch
Romy Taormina created Psi Bands after experiencing nausea herself. She wanted to find a natural solution that didn’t involve medication. The idea came from acupressure, a technique she had learned to relieve her nausea. Romy had always been interested in health and wellness. She saw the opportunity to turn her idea into a product that could help others.
Starting a business wasn’t easy. Romy faced many challenges along the way. The first hurdle was creating a product that was effective and comfortable. Once she had a design that worked, she had to go through the process of patenting it and getting FDA approval. This was a long and expensive journey. But Romy never gave up. She believed in her product and knew it could make a difference in people’s lives.
When Romy stepped onto Shark Tank, she presented her product with confidence. She explained that Psi Bands were designed to provide natural nausea relief through acupressure. She talked about how the product was mom-invented and FDA-cleared. Romy also mentioned that the bands had been featured in major media outlets like Oprah Magazine and Entrepreneur Magazine.
Romy asked for $250,000 in exchange for 10% equity in Psi Bands. She shared that the product had been selling since 2007 and had earned over $1 million in sales in the last year. However, the Sharks started to raise concerns when they heard that the business had a low-profit margin. Romy explained that the business was profitable, but the overhead costs and debt were holding her back. Keep reading our Psi Bands update to see what happens next!
Here’s a breakdown of the questions each Shark had about the product:
Barbara Corcoran: Barbara was the first to ask about Romy’s salary. She wanted to know if Romy was paying herself for the work she had done in the past. Romy confirmed that she was paying herself $100,000 a year, which raised a red flag for Barbara. She wanted to know why the profits weren’t higher if the business was making over $1 million in sales.
Robert Herjavec: Robert was curious about the margins. He asked about the gross margin and how the profits were being spent. Romy explained that she had a 60% gross margin, which should have meant a profit of $600,000 on $1 million in sales. However, after paying herself and covering overhead costs, there was a large chunk of money unaccounted for. Robert wanted to know where that money was going.
Daymond John: Daymond asked about the company’s debt. Romy admitted that Psi Bands had $600,000 in debt. She explained that part of this debt was for past deferred salaries. Daymond was concerned about the debt and how it was affecting the business’s profitability.
Kevin O’Leary: Kevin was the last Shark to ask questions. He was interested in the product but didn’t like the idea of giving up 40% of the business for the $250,000 investment. Kevin offered $250,000 for 40% equity, but Romy turned it down. She felt that the offer was too far apart from what she was willing to accept.
Here’s how the Sharks responded:
Barbara Corcoran: Barbara was the first Shark to drop out. She was concerned about the salary and how the profits weren’t higher. She didn’t think the business was in a good financial position.
Robert Herjavec: Robert also dropped out. He couldn’t get past the low-profit margins and the unclear financials. He felt that there was something wrong with the business’s numbers.
Daymond John: Daymond was the next to drop out. He couldn’t get past the company’s debt and didn’t feel that the business was in a strong enough position to make an investment.
Kevin O’Leary: Kevin remained the last Shark standing. He was interested in the product but wasn’t happy with the terms. He offered $250,000 for 40% equity, but Romy turned down the deal. She felt that the offer was too far apart from what she was willing to accept. With that, the pitch ended, and no deal was made.
What Went Wrong With Psi Bands On Shark Tank?
There were a few reasons why Psi Bands didn’t secure a deal on Shark Tank. The main issue was the financials. The Sharks were concerned about the low-profit margins and the company’s debt. Despite Romy’s confidence in the product, the numbers didn’t add up. The Sharks were also concerned about the salary Romy was paying herself and the overhead costs.
Romy’s refusal to accept Kevin O’Leary’s offer of $250,000 for 40% equity also played a role. The Sharks felt that the offer was fair, but Romy didn’t want to give up such a large portion of her business. This decision led to the Sharks all backing out.
Product Availability
From our Psi Bands update research, the product is now available in many major retail locations. You can find Psi Bands at stores like CVS, Walgreens, and Target. The product is also available online at Amazon and on the Psi Bands website.
Psi Bands are priced reasonably, making them accessible to many people. The product’s unique design and effectiveness have made it popular among those looking for a natural solution to nausea. Whether you’re dealing with motion sickness or pregnancy-related nausea, Psi Bands offers a simple and effective way to find relief.
Conclusion
In conclusion, Psi Bands had a challenging journey on Shark Tank. While Romy didn’t secure a deal, her determination and belief in her product helped her turn Psi Bands into a successful business. The product is now available in major retail stores and has earned millions in sales.
Romy’s story shows that even without a deal on Shark Tank, it’s possible to succeed with hard work and perseverance. We can’t wait to see what the future holds for Psi Bands. Stay tuned for more updates on this incredible product!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
