Byoot Shark Tank Update

Byoot Shark Tank Pitch

Elyce Billany and Nathan Billany appeared on Shark Tank Season 12, Episode 14, which aired on February 18, 2021, with swimsuits made for easy bathroom access.

Byoot is listed in the Clothing Fashion category. In plain terms, the business is described as swimsuits made for easy bathroom access.

Byoot asked the Sharks for $50,000 for 30%, implying a valuation of about $166,666.667.

On the show, Byoot made a listed deal for $50,000 loan at 10% interest + 5% equity.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, up from the original $166,666.667 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Byoot After Shark Tank

Byoot accepted an on-air Shark Tank deal for $50,000 loan at 10% interest + 5% equity. Later reporting says the deal did not close after filming. (Byoot Company Shark Tank Update

There is no hard evidence whether or not this deal closed, but the company ran an unsuccessful Kickstarter campaign that only raised $1622 on a $35,000 goal. (Byoot Company Shark Tank Update

Since airing, the company has introduced Byoot bikinis and Elyce wrote a book about being an entrepreneur called Mama Bean has a Dream. (Byoot Company Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches