Eyewris is a foldable reading glasses for the eyes. These reading glasses can be wear on the wrist. This eyeglasses company was founded by Father and Son Mark Singer and Kenzo Singer.
Mark is the founder and co-creator of this company. Mark is a lifelong woodworker, he needed a better glue for his work so he founded the Gorilla Glue Company.
He needed good reading glasses, so he invented foldable reading glasses with his son Kenzo. After making several prototypes, ‘Eyewris’ was born.
On June 23, 2020, they launched a crowdfunding campaign on Kickstarter with a goal of $25,000. However, on July 31, 2020, the campaign had to be canceled due to the Covid-19 pandemic. They raised $10,082 in 8 days of the campaign run.
Father and Son both appeared on Shark Tank Season 14 Episode 22 and asked the sharks for $25,000 for 5% equity at a $500k valuation. The eyeglasses of this company are stylish as well as easy to carry.
What is Eyewris?
Eyewris is a foldable and stylish reading glasses. Apart from being stylish, comfortable, lightweight and these glasses can also be Wear on the wrist.
In these glasses, we get Scratch-resistant, Smudge-resistant, and Anti-reflective coating. Apart from this, it also includes 100% UV Protection & Blue Light Filter.
In normal use, these reading glasses can be used up to one year. The frames of these glasses are made from Swiss TR-90 thermoplastic. The glass bridge is made from nickel-titanium memory metal and stainless steel.
The reading glasses frame can withstand opening and close 25,000 times. The regular price of these glasses is $110 and the sale price is $65.
|Founder||Mark Singer and Kenzo Singer|
|Product||Reading Glasses On Your Wrist|
|Asked For||$25k for 5% equity|
|Final Deal||$125k for 20% equity|
|Episode (Shark Tank USA)||S14 E22|
|Air Date||May 19, 2023|
|Business Status||In Business|
|Headquarters||Santa Barbara, California, United States|
|Lifetime Worth (Sales)||$28K *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who is The Founder of Eyewris?
Eyewris was founded by father and son Mark Singer and Kenzo Singer. The idea of reading glasses first came to Mark while he was working on Wood. Mark started this business by discussing this business idea with his son Kenzo.
Mark is an award-winning furniture designer and inventor. He started his first company in 1999 with the name ‘Gorilla Glue’. However, he later sold it to the Lutz Tool Company.
His design works were represented in many museums, including New York’s Museum of Modern Art, San Francisco’s Museum of Modern Art and more.
Kenzo is the co-creator & president of this company. He handles the work of structural engineer in this company. He completed his master’s degree in 2011 after studying structural engineering at Cornell University.
How Was The Shark Tank Pitch Of ‘Eyewris’?
Mark and Kenzo both entered Shark Tank and asked the sharks for $25,000 for 5% equity. This father and son duo did a great pitch on Shark Tank.
They have utility patents in 26 Europe countries along with United States, China and Japan. This reading glass cost $30.50 to make and is sold online for $110, shipping included.
The first 9 months of the year was the testing period so they did sales of $28,000. Mark Singer has so far spent $630,000 amount money in his business.
Lori Greiner became completely emotional in the show and started crying after listening to Mark Singer. Lori offered $25k for 10% equity.
Kevin O’Leary made an offer of $50k for 10% equity. All the sharks are interested in dealing with them but the founder does not want to give much equity.
Lori said all 5 sharks (Mark Cuban, Daymond John, Kevin O’leary, Barbara Corcoran and Lori Greiner) would come to $125k for 25% equity. Kenzo countered the 20% equity Lori said is the right deal.
Finalize: All 5 Shark invests $125k in ‘Eyewris ’ for 20% equity.
What Happened To Eyewris After Shark Tank?
The Eyewris glasses became very popular after appearing in Shark Tank. Many people watch every episode of Shark Tank. There will be some people among them who will buy their glasses.
What’s new on Eyewris
Last Update: July 19, 2023
Eyewris reading glasses have a great design and have been loved by many on social media. Many people have bought this product especially because of its design.
Eyewris Shark Tank Update
Both father and son Mark and Kenzo made a great pitch after entering the shark tank. They told Shark how their reading glasses are different from other glasses. Many things were talked about from the sales to the performance of the business so far.
We’re following Mark Singer and Kenzo Singer along with their company for further updates.
What is The Net Worth of Eyewris?
The current worth of Eyewris is estimated at $625k. According to the Vision Council of America, about 64% of people in America wear glasses. There are 70 percent of American adults who are wearing eyeglasses.
The wearable market size of North America in 2022 was approximately USD 26.55 billion. By 2029, the size of this industry is estimated to be USD 41.29 billion.
Is Eyewris Still In Business?
Mark has already successfully run a business. Both these father and son will have good knowledge of business. In our opinion, this is an excellent business idea. We can carry this glass product very easily.
There are many adults who like to keep their looks perfect at all times. For them this eyeglass can be capable of giving a stylish look.
The headquarters of this company is in Santa Barbara, California, United States.
Yes, ‘Eyewris’ is still in business as of July 2023.