What Happened to Mix Bikini after the Shark Tank Pitch? Mix Bikini (Versakini) Shark Tank Update

What is Mix Bikini (Versakini)?

Mix Bikini was a product that allowed women to customize their swimsuits by mixing and matching different sections. The bikinis were also reversible, providing a wide range of options with just a few pieces.

Additionally, the Mix Bikini website featured a virtual model where users could create their own designs using eight interchangeable components.

Who is the Founder of Mix Bikini?

Adam Mix Bikini, Frank Scozzafava, and Kelsey Duffy founded Mix Bikini, with Duffy having experience in digital marketing and engagement and serving as the Director of Operations and CEO during the company’s rebranding.

It’s worth noting that Kelsey Duffy didn’t participate in the episode.

What Happened to Mix Bikini at the Shark Tank Pitch?

On Shark Tank season 3 episode 14, Scozzafava and DiSilvestro appeared seeking $50,000 in exchange for a 5% ownership share in their company, valuing the company at $1 million.

They demonstrated their virtual design website, but when questioned about their sales, Scozzafava admitted they had only done a “soft launch” and sales were low.

Barbara Corcoran inquired about the cost of each garment and the business concept, but Scozzafava struggled to provide a clear business plan.

Mark Cuban stated that they needed a clear plan to succeed, and Daymond John and Kevin O’Leary were also unconvinced.

Robert Herjavec saw potential in the idea but wanted more figures. Barbara Corcoran ultimately offered $50,000 in exchange for a 10% stake in the company despite the lack of a solid business strategy or revenue.

What Happened to Mix Bikini after the Shark Tank Pitch?

Entrepreneurs often celebrate the successful conclusion of a Shark Tank transaction, and Scozzafava and DiSilvestro were no exception.

They threw a large, wild party in New York City to honor Barbara Corcoran, one of the Sharks, after their initial appearance on the show.

However, their website failed and they lost nearly $200,000 in expected sales, leading Barbara to cut her losses.

One of the partners, Kelsey Duffy, was able to save the company by rebranding it as “Versakini” and it went on to have yearly revenue of $5 million in 2018.

However, the website is not operational and social media hasn’t been updated since January 2022, according to Kelsey’s LinkedIn page, she closed the firm in 2018.

What is the Net worth of Mix Bikini (Versakini)?

Scozzafava and DiSilvestro went on Shark Tank seeking $50,000 in exchange for a 5% stake in their company, which they valued at $1 million.

However, they accepted an offer from Barbara to give them $50,000 for a 25% stake, resulting in a valuation of $200,000. The current valuation is not known.

Who are the Competitors of Mix Bikini?

There are no competitors identified for Mix Bikini (Versakini).

Mix Bikini (Versakini) FAQS

What is Mix Bikini?

Mix Bikini was a swimsuit-mixing product that allowed ladies to mix and match their bikinis.

Each bikini was made up of different sections that could be swapped out.

Who founded Mix Bikini?

Mix Bikini was founded in 2011 by Scozzafava and DiSilvestro.

What was the inspiration for Mix Bikini?

The concept behind Mix Bikini is that ladies may mix and match their swimwear. Each outfit is comprised of eight different components, all of which are replaceable.

The more suits a lady purchases, the more styles and designs she may make.

How much were they seeking in the Shark Tank?

Scozzafava and DiSilvestro requested $50,000 in exchange for 5% of their company.

Did they get the deal from the Sharks?

They were ultimately agree to a deal with Barbara Corcoran that gave her 25% stake in their company in exchange of $50,000.

How much is Versakini worth?

Duffy has renamed the concept as Versakini over time. The new firm earns around $5 million each year.

What is the cost of Versakini to buy?

At $9.99 per piece, a complete Mix Bikini would cost between $40-$50 retail.

When was Versakini aired on Shark Tank?

Versakini aired on November 5th, 2012.

Where is Versakini located?

The headquarters of Mix Bikini is located in Delray Beach, Florida.

What is the company’s return and exchange policy?

Versakini provides complete refunds or returns within 30 days of the original purchase date. All items must be received in their original state. Unworn and unwashed, with tags still attached and in original packaging.

How do they clean?

Cool tap water should be used to rinse their bikini. Their swimsuit does not need to be washed with detergent every time they use it, but washing with tap water will remove the most of the chlorine, sunscreen, and dirt from it.

What is net worth of Frank Scozzafava?

Frank Scozzafava Net Worth is $17 Million as of 2022.

What is net worth of Adam DiSilvestro?

Adam DiSilvestro’s net worth is unavailable

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