Byoot Company Net Worth 2023 Update (Before & After Shark Tank)

Byoot Company is a button-up swimwear line for women. Elyce and Nathan Billany started Byoot Company in 2018. As of December 2023, Byoot Company’s net worth is estimated to be $350,000. They are pulling in a whopping $8.1 million in annual revenue.

In March 2021, they appeared on season 12 of Shark Tank USA and made a deal with Kendra Scott for  $50,000 as a loan with 10% interest and 5% equity. The final valuation was $333,333, up from the founder’s initial estimate of $166,666.

Shark Tank allowed Byoot Company to elevate its sales. However, there is limited information on Byoot Company’s financial status. Therefore, it is hard to predict the future of the company. Nevertheless, as of December 2023, it remains to be in business. You can make purchases through the company website and Amazon.

Byoot Company Net Worth

Net worth$350,000 *estimated (2023)
Annual Sales Revenue$8.1 million (2023)
Profits
Lifetime sales$10,000 (2020)
InvestorKendra Scott
FoundersElyce and Nathan Billany
Employees2-10

Byoot Company Net Worth Timeline

Net Worth 2023$350,000 *estimated
Net worth valuation in 2021 after appearing on Shark Tank  $333,333
Net worth valuation in 2021 before appearing on Shark Tank  $166,666

Byoot Company Pitch on Shark Tank

Company nameByoot Company
ProductA button-up swimwear line for women
EpisodeSeason 12 Episode 14
Founders Elyce and Nathan Billany
Asked for$50,000 for 30% equity
Final deal$50,000 as a loan with 10% interest and 5% equity
SharkKendra Scott
LocationLe Claire, Iowa

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Byoot Company Founders

Elyce and Nathan Billany founded Byoot Company in 2018. Graduated from Ashford University, Elyce has years of experience working in the corporate sector. Besides running her own business, she currently serves as the Director of Marketing at Fortress Bank. Nathan is Elyce’s husband and business partner. He is currently the Director of Business Development at Estes Construction. Byoot Company’s founders  Elyce and Nathan Billany’s net worths are unknown as of 2023.

Key accomplishments

YearAccomplishment
2021Byoot Company was featured on Shark Tank and won a deal.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Byoot Company and its continued success.