What Happened Byoot after Shark Tank pitch?
What is Byoot?
Byoot is a company that creates one-of-a-kind swimsuits that make it easy to use the restroom.
They include buttons on the side that allow the users, who are mostly women, to use the lavatory without having to remove a drenched swimsuit.
The swimsuit is constructed of 86% nylon and 14% spandex, making it more durable and elastic.
The outfits come in about a half-dozen various styles and vary in price from $70-$85. Elyce will be introducing additional styles throughout time. She offers “virtual fittings” on her website so that you may buy with confidence.
Who came up with Byoot?
Byoot was founded by Elyce and Nathan Billany of Le Claire, Iowa. While on vacation in Jamaica, Elyce was pregnant and needed to use the toilet frequently.
She had to remove her bikini every time and struggled to put it back on. She went to work because she reasoned that there must be an easier way to remove a one-piece bathing suit. She returned from her vacation, found a factory in New York, and began submitting ideas.
After months of trial and error, she created an acceptable and functional design that both functioned and looked well.
The start-up ran a successful Kickstarter campaign in August 2018, raising $30,000 in financing. One of her works is the children’s book ‘Mama Bean Has a Dream.’
What Happened to Byoot on Shark Tank?
Elyce and Nathan appear on Shark Tank season 12 episode 14 in quest of $50,000 in exchange for a 30% share in their business. This equates to a $166,666.66 valuation.
Elyce recounts how she came up with the idea while handing out samples.
They need a Shark’s help with marketing and sizing. Only Kendra Scott has made an offer to the Billanys, despite the Sharks’ interest.
She offers a $50,000 loan with a three-year payback schedule. In exchange, she wants a 5% stake in the company. The Billanys agree.
What Became of Byoot after Shark Tank pitch?
The company is still in business. In the immediate aftermath of the first air date, they completely sold out of items.
There is no strong evidence that this transaction was consummated; nonetheless, the company had an unsuccessful Kickstarter campaign, raising just $1622 out of a $35,000 target.
This most certainly means that the arrangement with Kendra fell through.
As of July 2021, the deal with Kendra appears to have expired. They’ve created Byoot bikinis since the show’s launch, and Elyce has published a book about entrepreneurship called Mama Bean Has a Dream.
What is the Net Worth of Byoot?
Elyce and Nathan appear on Shark Tank season 12 episode 14 in quest of $50,000 in exchange for a 30% share in their business. This equates to a $166,666.66 valuation.
They valued their firm at $1 million after accepting Kendra’s offer of a $50,000 loan at 10% interest + 5% equity.
Who are Competitors of Byoot
Byoot competes in its market areas with companies such as Raising Wild.
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Byoot FAQS
1. What is Byoot?
Byoot is a swimsuit that makes it easy to use the bathroom while surfing or swimming.
2. Who is behind Byoot?
Byoot was founded by Elyce and Nathan Billany of Le Claire, Iowa. They are a married couple who went on vacation in Jamaica and Elyce was pregnant at the time.
She needed to use the toilet frequently and had difficulty getting back in her bathing suit on a consistent basis.
3. Where does Byoot ship from?
Byoot ships from the United States.
4. Where can they buy Byoot?
They can purchase Byoot on the brand’s website
5. How much does a Byoot bikini cost?
Each Byoot bikini ranges in price from about $70-$85.
6. What is the Byoot’s Website?
They can check out the website at www.byootcompany.com
7. Who are some competitors of Byoot?
Their top competitors are Raising Wild Swimwear and Speedo.
8. How much was they seeking in the Tank?
Elyce and Nathan appear on Shark Tank season 12 episode 14 in quest of $50,000 in exchange for a 30% share in their business.
9. Did they get the deal from Sharks?
Kendra Scott offers a $50,000 loan with a three-year payback schedule. In exchange, she wants a 5% stake in the company.
10. Where are they now after the Shark Tank?
There is no strong evidence that this transaction was consummated; nonetheless, the company had an unsuccessful Kickstarter campaign, raising just $1622 out of a $35,000 target.
This most certainly means that the arrangement with Kendra fell through.
As of July 2021, the deal with Kendra appears to have expired.
11. When was Byoot aired on Shark Tank Pitch?
They were featured on Shark Tank season 12 episode 14 on February 19th, 2021
12. What material are Byoot made of?
They are 86% Nylon and 14% Spandex.
13. What methods of payment do they accepts?
They accept Payments Credit Cards, Visa, MasterCard, American Express and PayPal.
14. How much is shipping cost and how long does it take?
They provide $5 flat-rate delivery on ALL purchases. After their payment has been validated, it may take 7-14 business days to complete and dispatch their purchase, although this time may be extended owing to high volume.
They will send them an email with an anticipated shipment date. Weekends and holidays are not included. The typical shipping time is 6-7 days.
Orders can be cancelled and refunded before they are sent.
15. What is Byoot return policy?
Returns for store credit are allowed within 14 days after receiving the order. Items on sale are non-refundable.
16. How can they contact Byoot?
They can email them at [email protected]
17. Where are they located?
They are a private company based in Le Claire, Iowa.
