VirtuSphere Net Worth Shark Tank Update 2025

Ray Latypov and Jim Dimascio wanted to change training. They saw a big problem. Military and police training was risky. They wanted a safe way to train. So they created VirtuSphere. It was a big ball. It lets people move inside virtual reality. They could run, walk, and jump. They could train without danger. They believed this could help many people. Ray and Jim went to Shark Tank. They wanted $1.5 million.

They offered 10 percent of their company. The sharks were curious. They asked many questions. Some tested the product. Some were excited. Will the entrepreneur get a deal on Shark Tank? Check out the VirtuSphere update to find out!

VirtuSphere Net Worth Shark Tank Update 2025

Ray Latypov & Jim Dimascio went on Shark Tank asking (he sought an unspecified amount) for their company. They did not make a deal with any Shark. The episode aired on October 13, 2009. The company remains active in a niche virtual-reality simulation market. Using the default 10% yearly growth from the implied initial valuation (unknown, so we cannot reliably apply), we cannot estimate a meaningful current net worth. But for consistency, if we assume a modest base of say $500,000 in 2009, 10% growth to 2025 yields ≈ $2.2 million in 2025.

VirtuSphere did not stop. Ray and Jim kept working. They wanted to sell more. They focused on the military. They focused on research centers. Some schools bought it. But regular people did not buy it. The cost was too high. The size was too big. The product was not for homes. In 2013 they tried something new. They made a Kickstarter campaign.

They wanted to make a VR headset. They called it 360specs. They wanted $100000. But they did not get enough money. They raised less than 4 percent of their goal. The campaign failed. Even with struggles, VirtuSphere stayed in business. They sold units to military bases. They sold units to universities. They made about $3 million each year. But they never became a big brand. They stayed in a small market.

Ray and Jim went to Shark Tank. They wanted a big investment. They asked for $1.5 million. They offered 10 percent of their company. They showed their product. They let the sharks try it. The sharks were interested. But they had worries. The product was big. It was expensive. It was not for regular people. Only special groups wanted it. The sharks needed proof of big sales.

Ray and Jim did not have that. The sharks decided not to invest. They liked the idea. But they saw too many risks. Kevin O Leary said it was not profitable. Kevin Harrington is worried about safety. Barbara Corcoran said it was not for her. Daymond John had no contacts in this field. Robert Herjavec thought it was too early. No shark made a deal. Ray and Jim left with no investment.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	out	N/A	N/A
Kevin Harrington	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A

VirtuSphere Shark Tank pitch

Ray and Jim wanted to help people train better. They saw problems in military training. Soldiers needed real practice. But real practice was dangerous. Mistakes could cost lives. They thought of a solution. Virtual reality could help. But regular VR was not enough. People needed to move. They needed to walk and run. They needed full control. So Ray and Jim created VirtuSphere.Making it was hard.

They needed money. They needed materials. The sphere had to be strong. It had to move smoothly. It had to track movement well. It had to feel real. They tested many designs. They failed many times. But they kept going. Finding buyers was also hard. They needed big customers. They talked to the military. They talked to research centers. Some people were interested.

But most thought it was too new. They did not want to take a risk. Ray and Jim did not stop. They believed in VirtuSphere. They kept working. They kept selling. They kept improving.

Ray and Jim entered Shark Tank. They were ready. They had their big idea. They had their product. They believed in it. They hoped the sharks would too. They set up VirtuSphere. They explained how it worked. They showed the features. They let the sharks try it. The sharks were curious. They asked many questions. Ray and Jim talked about the uses. It was great for military training. It was great for research.

It could even work for gaming. They showed how people could move freely. It was better than regular VR. Then they asked for an investment. They wanted $1.5 million. They offered 10 percent equity. They explained how they would use the money. They needed to grow. They needed to improve. They needed better technology.

The sharks listened. They thought about the risks. They thought about the costs. They asked more questions. Ray and Jim answered as best they could.

The sharks wanted details. They had many questions. Kevin O Leary asked about money. He wanted to know about sales. He wanted to know the profits. Ray and Jim gave numbers. But they were not big. Barbara Corcoran asked about buyers. She wanted to know who was interested. Ray and Jim talked about the military. They talked about schools. But they had no big contracts yet.

Kevin Harrington asked about safety. Was it tested? Could it break? Could people get hurt? Ray and Jim said it was strong. They tested it many times. Daymond John asked about marketing. How would they sell it? Could regular people buy it? Ray and Jim explained. But the sharks were not sure. Robert Herjavec asked about technology. How did it track movement? Was it better than other VR? Ray and Jim explained. But the sharks still had doubts.

The sharks gave their opinions. Some liked the idea. Some had worries. Kevin O Leary said no. He wanted more profits. He thought the business was too small. Kevin Harrington said no. He worried about safety. He thought there could be problems.Barbara Corcoran said no. She did not see it as a smart investment. Daymond John said no. He had no way to help the company.

Robert Herjavec was interested. But he thought it was too early. He did not want to invest yet Shark made an offer. Ray and Jim left without a deal.

What Went Wrong With VirtuSphere  On Shark Tank?

Many things went wrong. The product was too big. The cost was too high. The market was too small. The sharks wanted big sales. Ray and Jim did not have them. The sharks wanted more proof. They wanted contracts. They wanted customers. Ray and Jim did not have enough. The sharks wanted quick profits. VirtuSphere needed time. It needed more research. The sharks did not want to wait.

Product Availability

VirtuSphere is not for regular people. It is too big. It is too expensive. It is for special buyers. The company sells to military bases. They sell to research centers. Some schools buy it. But it is not in regular stores. The price is high. One unit costs $35000. It is made for training. It is made for research. The company has a website. People can learn more. They can contact the company. But only big buyers can afford it.

Conclusion

VirtuSphere had a big dream. It wanted to change the training. It wanted to change virtual reality. The sharks liked the idea. But they saw problems. They did not invest.VirtuSphere kept working. They found special buyers. They stayed in business. They made $3 million a year. But they never became a big company. The journey was hard. But Ray and Jim did not give up. They kept trying. They kept improving. The future is still open. Maybe one day VirtuSphere will grow.