Dr. Jason Wersland, founder of Therabody, discusses the company's early fundraising history involving celebrity investors and ambassadors.
Opinion
Wersland: The best drugs in the world do not relieve nerve pain
“Well, I tried it, but when you have nerve pain, nothing, nothing, not purpose, not the best drugs in the world deal with nerve pain.”
Assertion Not checkable as stated
Setting 4 on Wersland's Makita jigsaw corresponded to 40 Hz reset frequency
“I found out later that that's actually frequency, and four was 40 hertz. And if you look now, if you Google 40 hertz, it will come up with the reset frequency.”
Assertion Not checkable as stated
Wersland used a sheriff and warrant to reclaim 250 early Theragun prototypes
“I had to go, she had 250 jigsaws in her warehouse, and she would not give them to me until I bought the company back from her. Those are the only two 50 I had left. Literally. ... So I rented a U-Haul, got a sheriff, got a warrant, went out, gave her, like, 24…”
Assertion Not publicly verifiable
Ben Nazarian invested $500k for 51% of Therabody
“He's like, listen, I'm gonna put in half a million, and we'll use that half a million, and we'll see what we can do with that half a million, but I get 51%. I'm like, done.”
Assertion Not checkable as stated
Wersland's business partner used a signed letter to embezzle all company revenue
“What had happened, guy, is he'd taken that letter, gone and opened a bank account in the same name, and was depositing all of the checks into his account. So he was literally embezzling money from me,”
Assertion Contradicted
Wersland used a percussive tool before foam rolling existed
“I started using this as a recovery tool before foam rolling was even around.”