CordaRoys Shark Tank Update – Shark Tank Season 4
Byron Young Introduced CordaRoys, the Bean Bag Bed, in Shark Tank Season 4. The company is also featured on Beyond the Tank episode after securing a deal with Lori!
CordaRoys is a bean bag bed that was pitched on Shark Tank Season 4 Episode 19. Entrepreneur Byron Young from Gainesville, FLA, was plucked out of line by a producer during an open casting call in Orlando.
Check out other Shark Tank Season 4 Episodes.
About CordaRoys
| Category | Details |
|---|---|
| Business Name | CordaRoys |
| Founder | Byron Young |
| Industry | Furniture |
| Product | A bean bag chair that converts into a bed |
| Deal Status | Deal secured with Shark Lori |
| Investment Asked | $200,000 for 20% equity |
| Deal Outcome | $200,000 for 58% equity |
| Valuation | $344,827.59 |
CordaRoys are the classic bean bag chair from the 1960s and 70’s that comes with a secret: they convert into a bed! The company has been in business since 1998 and claims that sitting in one of its bean bag chairs is “like sitting on a cloud.” The exterior covers are double stitched for strength and long life, the interior foam is furniture quality, and they are never vacuum packed, which can interfere with assembly.
Corda Roys Bean Bag Beds come with a solid guarantee: any product failure due to defects is covered as long as you own the product!
CordaRoys Shark Tank Recap
Byron engaged in hard fought negotiations with the Sharks and eventually did a deal with Lori for $200K for 58% of his business.
CordaRoys Shark Tank Updates
In the aftermath of the show, the company’s website went down for two days. The product was so popular that the flood of traffic overwhelmed the servers. Shark Tank Blog did an interview with Byron after the show and Cordaroys gets an update segment in episode 519 in season 5.
Byron has since moved to a bigger warehouse and the business did over $3 million in sales in 2014. The products are widely available on Amazon and will be in retail outlets soon. Add Byron to another one on the list of Lori’s All-Stars!
In Beyond the Tank episode 206, we see more growth ahead for the business.
Since appearing on Beyond the Tank, Byron cut a deal and got his products on the shelves at Costco stores nationwide.
In October 2018, the company moved into a 20,000-square-foot manufacturing facility in Alachua, FL. That year, the business had $10 million in lifetime sales. As of May 2022, the company is doing $5 million in annual revenue.
In October 2023, Corduroy was the 12th highest-earning Shark Tank company, with $195 million in lifetime sales. As of 2025, though it’s not publicly disclosed, the estimated net worth of CordaRoys ranges between %1.1 million and $10 million.
Posts about CordaRoys on the Shark Tank Blog
- Corda Roys Update
- Update interview with Byron Young
- Bean Bag Bed Chair
Where Can You Buy It?
CordaRoys bean bag chairs are available for purchase on their official website, Amazon, and other retail outlets like QVC and Costco. Check out their social media pages for more updates: Facebook and Twitter.
Quick Summary
- Byron Young pitched CordaRoys, a bean bag chair that converts into a bed, and secured a deal with Lori Greiner for $200,000 in exchange for 58% equity.
- The product experienced a surge in popularity post-show, causing its website to crash due to high traffic.
- As of October 2023, CordaRoys has achieved $195 million in lifetime sales and continues to expand, including deals with Costco and new manufacturing facilities.
Curious to know about other businesses that appeared in the same episode? Check out their business updates!
Really neat. Over priced possibly!