Byoot Company is a women’s swimsuit manufacturing brand founded in 2018, known for offering the first revolutionary removable one-piece swimsuits. These innovative swimsuits address the common challenge women face when using the restroom or needing to change at the beach, making the experience more convenient and enjoyable.
The swimsuits are crafted from high-quality fabric designed to maintain their shape and vibrant color. Each suit features buttons on both sides, allowing for easy removal. The material consists of 86% nylon and 14% spandex, providing a four-way stretch that dries quickly and is machine washable in cold water.
Byoot swimsuits come in various colors, including black, red, and navy, with stylish patterns such as floral, stripe, and nautical, ensuring a fashionable look for every woman.
| Company Name | Byoot Company |
| Founder | Elyce Billany and Nathan Billany |
| Product | Swimsuits Made for Easy Bathroom Access |
| Asked For | $50,000 for 30% Equity |
| Final Deal | $50,000 loan at 10% interest + 5% equity |
| Shark | Kendra Scott |
| Episode (Shark Tank USA) | Season 12 Episode 14 |
| Air Date | February 19, 2021 |
| Business Status | In Business |
| Net Worth | $350K *estimated |
| Website | Visit Website |
| Address | Le Claire, Iowa, United States |
| Go To Amazon | Buy Now |
Who Is The Founder Of Byoot Company?
The founder and CEO of Byoot Company is Elyce Billany, who established the brand in 2018. Elyce is currently the Director of Marketing at Fortress Bank and also serves as a Sales and Marketing Consultant at Bare Investments.
With a solid background in healthcare marketing, she has previously worked for UnityPoint Health and Genesis Health System, honing her marketing skills over the years. Elyce studied healthcare at Ashford University, which complements her professional experience.
Elyce’s husband, Nathan Billany, is the Director of Business Development at Estes Construction. He has a strong background in finance, having previously served as the Vice President of Walcott Trust & Savings Bank.
Did Byoot Get a Deal on Shark Tank?
Elyce and Nathan Billany brought their innovative swimsuit company, Byoot, to Shark Tank, seeking $50,000 for 30% equity. The Sharks were impressed with the product, sparking an engaging discussion about the business’s sales, quality, and financial condition.
Kendra Scott praised the design and quality of the swimsuits, while Elyce shared that they had sold $10,000 so far. Before launching the company, she secured a $6,000 pre-order, followed by a random $4,000 order.
Barbara Corcoran expressed concerns about the challenges in the swimsuit industry, ultimately deciding to opt out. Lori Greiner acknowledged the product’s potential but felt it wasn’t the right investment for her. Kevin O’Leary and Mark Cuban also chose to withdraw from the offer.
Kendra Scott noted that the business required significant time to build sales but proposed a unique offer: a $50,000 loan at 10% interest plus 5% equity. Elyce and Nathan accepted Kendra’s offer, moving forward with their innovative venture.
Byoot Company Shark Tank Update
After appearing on Shark Tank, Byoot experienced a significant surge in sales, leading to their products being out of stock a few months after the episode aired. However, there is no definitive information on whether Kendra Scott finalized the business deal with the company.
Despite extensive research, it appears that Byoot has not expanded internationally as of July 2022. Elyce also launched a new children’s book titled Mama Bean Has a Dream, priced at $16.99, in July 2022.
Given Elyce’s part-time involvement in Byoot while working another job, there are concerns that the company may face challenges in the coming years. Notably, Byoot was featured on the Paula Sands Live Show in 2018, which provided some initial exposure.
What Is The Byoot Net Worth?
The estimated net worth of The Beauty Company is $0.5 million.
