Have you ever lost or misplaced your reading glasses, only to spend precious minutes searching for them? EyeWris founders Mark and Kenzo Singer have a solution. Their unique reading glasses wrap around your wrist like a watch, ensuring they are always within reach. After appearing on Shark Tank, EyeWris quickly gained attention for its innovation. This article will take you through the journey of EyeWris, from its inception to its current status.
Table of Contents
Founding of EyeWris
EyeWris started with a simple yet innovative idea. Mark Singer often lost his reading glasses while working in his woodshop. This everyday problem sparked the idea of creating glasses that could be easily stored and accessed. He envisioned a pair of glasses that could wrap around the wrist like a watch, ensuring they were always within reach. Kenzo, with his engineering background, helped bring this idea to life.
Their initial Kickstarter campaign in 2020 aimed to raise $25,000 but only managed to secure just over $10,000. Despite this setback, they didn’t give up. They refined their design and manufacturing process, which eventually caught the attention of media outlets. Publications like Fast Company and Trend Hunter highlighted their innovative approach, helping to build momentum for their product.
Shark Tank Experience
The defining moment for EyeWris came when they appeared on Shark Tank. Mark and Kenzo walked into the Season 14 finale seeking $25,000 for 5% of their company. Their pitch included a heartfelt speech from Mark, emphasizing the value of time over money. His emotional plea resonated with the Sharks, leading to an unprecedented outcome. All five Sharks decided to invest, resulting in a deal of $125,000 for 20% equity.
This moment was not just about securing funds but also about gaining mentorship and support from seasoned investors. The exposure from Shark Tank significantly boosted their brand visibility, leading to increased consumer interest and sales.
EyeWris Net Worth
EyeWris has seen remarkable growth since its inception, especially after their Shark Tank success. The initial deal of $125,000 for 20% equity provided a substantial financial boost. This investment was not just monetary but also came with invaluable mentorship from the Sharks. The visibility from their Shark Tank appearance played a crucial role in attracting further investments.
As of 2023, EyeWris has an estimated net worth of $625,000. This valuation reflects their continued growth and market presence. The surge in demand following their Shark Tank episode led to significant sales figures. EyeWris managed to sell out their inventory quickly, prompting them to accept pre-orders to meet the ongoing demand. This positive response from customers translated into robust revenue growth.
FAQ
1. Is EyeWris available for purchase?
Ans: Yes, EyeWris is available for purchase on their official website and select retail partners. The convenience of ordering online ensures you can get your pair of these innovative reading glasses delivered right to your doorstep. Keep an eye on their website for any special promotions or discounts.
2. Can EyeWris be used with prescription glasses?
Ans: EyeWris is designed to be compatible with most prescription glasses. This flexibility allows users to enjoy the convenience of EyeWris while still benefiting from their prescribed lenses. The unique design ensures a comfortable fit, making it a versatile option for anyone who needs reading glasses.
3. How frequently does EyeWris release software updates?
Ans: EyeWris is committed to enhancing user experience through regular software updates. These updates include new features, performance improvements, and bug fixes. By staying responsive to customer feedback, EyeWris ensures that their product remains at the cutting edge of convenience and functionality.
4. Are there any data privacy concerns with EyeWris?
Ans: EyeWris takes data privacy very seriously. They employ advanced encryption and security measures to protect user information. This commitment to privacy ensures that users can enjoy the benefits of EyeWris without worrying about their personal data being compromised.
5. What are the future plans for EyeWris?
Ans: EyeWris has several exciting plans for the future. They aim to address product size concerns and explore new market opportunities. Expanding their product line to include different styles and sizes is a priority. Additionally, they are considering partnerships with various industries to broaden the application of their innovative glasses.
Wrapping Up
EyeWris has proven to be a remarkable innovation in the world of reading glasses. From the inception of an idea in Mark Singer’s workshop to the development of a unique product by Mark and Kenzo Singer, the journey of EyeWris is truly inspiring. Their appearance on Shark Tank was a pivotal moment that brought their product into the spotlight, leading to increased visibility and sales.