What Happened To Eyewris After Shark Tank?
What Happened To Eyewris After Shark Tank?
Eyewris is a company that appeared on Shark Tank Season 14 Episode 22, pitching its unique and stylish reading glasses design that can be worn on the wrist.
The father-son duo of Mark and Kenzo Singer asked for $25,000 for 5% equity at $500k valuation, but all five sharks invested $125k for 20% equity. Eyewris gained a lot of recognition immediately upon launch, and it did not take long for the company to expand its business.
The company’s roadmap to the future was highly appreciated by the Sharks. As of May 2023, Eyewris is still in business and worth an estimated $1 million. However, the company was later sold to Lutz Tool Company, while Mark went on to establish his own furniture design firm called Giati Designs.
What Is Eyewris? Who Is The Founder Of Eyewris?
Eyewris is a company that produces foldable reading glasses that can be worn on the wrist, providing a unique and functional solution for those who need reading glasses. Their glasses feature short “comfort-fit” arms that gently grip the temples for a secure and comfortable fit.
The company is committed to creating stylish eyewear that has never been seen before without compromising on functionality. It took years of development to create the innovative design of their glasses. Eyewris was founded by Mark Singer and Kenzo Singer.
These glasses are a novel, fashionable, and effective alternative for people who need reading glasses but find it difficult to carry them around. They can be purchased from the Eyewris website or other online retailers.
Mark Singer is the founder of Eyewris. Eyewris is a glasses company that produces foldable glasses that can be converted into a bracelet for easy on-the-go wear. Mark is an award-winning furniture designer, sculptor, inventor, and master craftsman. He is the creator of the company and product Gorilla Glue.
Mark founded Eyewris with his son Kenzo Singer, and they both appeared on the hit ABC show Shark Tank in 2023 to pitch their product.
The Singers initially asked for $25,000 in exchange for 5% of the company, but they didn’t need money as Gorilla Glue has been popular for decades, helping Mark put $630,000 of his own money into Eyewris. In the end, they struck a deal with all five investors on the show.
What Happened To Eyewris After Its Appearance At The Shark Tank?
Eyewris is a company that sells stylish and easy to carry reading glasses. During their pitch on Shark Tank Season 14 Episode 22, father and son duo Mark and Kenzo asked the sharks for $25,000 for 5% equity.
The company has utility patents in 26 European countries, as well as the United States, China, and Japan. Each pair of glasses costs $30.50 to make and is sold online for $110, shipping included. All five sharks invested $125k in Eyewris for 20% equity.
The glasses became very popular after appearing on Shark Tank, and many viewers likely became customers of the company. Unfortunately, there is no further information on what happened to Eyewris after their appearance on Shark Tank.
What Is The Net Worth Of Eyewris?
Eyewris is a company that sells reading glasses frames that can withstand opening and closing 25,000 times. The current estimated net worth of Eyewris as of 2023 is $625k.
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Is Eyewris Still In Business?
According to multiple sources, Eyewris is still in business as of May 2023. Eyewris is a company that makes foldable reading glasses that can be worn on the wrist, providing a convenient and portable option for people who need reading glasses.
The company was founded by Mark and Kenzo Singer, a father-son duo, and has won several international design awards. Eyewris received broad support when it launched and quickly increased its customer base.
Although its Kickstarter campaign had to be cancelled due to the COVID-19 pandemic, the company has continued to operate successfully.
Eyewris reading glasses are 10 times more impact-resistant than glass or plastic lenses and have a scratch and smudge-resistant coating and a blue light filter. Interested customers can buy Eyewris Folding Reading Glasses on the company website at eyewris.com.
Eyewris Shark Tank Pitch
Eyewris is a Santa Barbara-based company that produces reading glasses that you wear on your wrist. The glasses are stylish and easy to carry, and the company has utility patents in 26 European countries as well as the United States, China, and Japan.
Father and son duo Mark and Kenzo Singer pitched their company on Shark Tank Season 14 Episode 22, asking for $25,000 for 5% equity at a $500,000 valuation. During the pitch, they highlighted that the glasses cost $30.50 to make and are sold online for $110, shipping included.
All five Sharks were impressed with the pitch and offered a combined $125,000 investment for 20% equity in the company. The Singers accepted the offer, making Eyewris one of the few companies to receive investment offers from all five Sharks.
After appearing on Shark Tank, Eyewris became very popular, and the company was already profitable just nine months in.
Eyewris Shark Tank Updates
Eyewris is a company that produces stylish and easy-to-carry reading glasses. They appeared on Shark Tank Season 14 Episode 22 and asked for $25,000 for 5% equity at $500k valuation. The Sharks invested $125k in Eyewris for 20% equity, which is a combined offer from all five Sharks.
Eyewris impressed the Sharks with their good business plan, strong financials, and consistent sales data. The glasses have utility patents in 26 European countries, as well as the United States, China, and Japan.
The company uses a new and innovative solution to curl around the wrist, which makes them different from other competitors.
Eyewris has remained in business as of May 2023 and their net worth is estimated to be $1 million. People interested in Eyewris glasses can purchase them online for $110, shipping included.
Eyewris Shark Tank Table Summary:
|Appearance on Shark Tank
|Season 14 Episode 22
|Foldable reading glasses that can be worn on the wrist
|Mark Singer and Kenzo Singer
|Shark Tank pitch
|Asked for $25,000 for 5% equity; Sharks invested $125,000 for 20% equity
|Eyewris gained recognition and expanded its business
|Still in business as of May 2023
|Estimated worth of $1 million
|Sold to Lutz Tool Company
|Founder’s Next Venture
|Mark Singer established Giati Designs, a furniture design firm
|Stylish, foldable reading glasses with “comfort-fit” arms
|Purchasable from Eyewris website and other online retailers
|Held in 26 European countries, United States, China, and Japan
|Estimated net worth of $625,000
|Scratch-resistant, lightweight, UV protection, blue light filter
|Eyewris Shark Tank Deal
|All five Sharks invested $125,000 for 20% equity
|Eyewris Kickstarter Campaign
|Cancelled due to COVID-19 pandemic
|Inspiration Behind Eyewris
|Mark Singer’s need for portable reading glasses
|Additional Inventions by Mark Singer
|Founder and creator of Gorilla Glue
|Eyewris Product Development
|Took years of development and numerous design iterations
|Creating stylish eyewear with unmatched functionality
What Is The Inspiration Behind Eyewris?
Eyewris is a foldable eyewear that can be worn as a bracelet on the wrist. The company was founded by father and son Mark Singer and Kenzo Singer. The inspiration behind Eyewris came from Mark Singer’s need to have his reading glasses with him all the time.
He found himself misplacing them and thought of creating a solution to this problem. Mark Singer is a lifelong woodworker and is also the founder and creator of Gorilla Glue, which he invented in 1994 after noticing polyurethane glue was being used for furniture assembly.
Together, Mark and Kenzo invented Eyewris, which is scratch-resistant, lightweight, contains UV protection, and a blue light filter. The idea took years of development with countless design iterations and revisions to arrive at the perfect solution.
The company is committed to creating stylish eyewear with functionality that has never been seen before, without compromise.