EyeWris Reading Glasses Update Shark Tank Season 14 Episode 22

EyeWris Reading Glasses Update Shark Tank Season 14 Episode 22

Father-and-son duo Kenzo and Mark Singer made a splash on Shark Tank Season 14 Episode 22 with their innovative product, EyeWris Reading Glasses. These stylish, foldable glasses transform from wristwear to eyewear, offering a practical solution for those who constantly misplace their reading glasses. T

he Singers pitched their company with a request for $25,000 for 5% equity but walked away with an impressive deal involving all five sharks.

Following their appearance on Shark Tank, EyeWris gained popularity, and the company continues to grow. Let’s take a closer look at the journey of EyeWris after Shark Tank and how the business has evolved.

What is EyeWris? How Does it Work?

EyeWris offers a unique take on reading glasses by making them both functional and fashionable. These glasses feature a spring-loaded design that allows them to fold and be worn as a wristband when not in use, ensuring that users never forget or lose their reading glasses again.

Key features of EyeWris glasses include:

1. Scratch-resistant and smudge-resistant lenses
2. Anti-reflective coating
3. 100% UV protection and blue light filtering
4. Swiss TR-90 thermoplastic frames and a flexible nickel-titanium bridge

The glasses retail for $110 but are often available at discounted prices. They are lightweight, comfortable, and designed to withstand repeated folding and unfolding.

With their stylish appearance and innovative functionality, EyeWris reading glasses appeal to both fashion-conscious individuals and those looking for a practical solution.

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EyeWris Shark Tank Episode 22 Season 14: What Happened at Shark Tank Pitch?

During their pitch on Shark Tank Season 14, Episode 22, Kenzo and Mark Singer entered the tank asking for $25,000 for 5% equity at a $500,000 valuation. The unique design of EyeWris immediately caught the attention of the sharks.

The father-son team demonstrated how the glasses could easily transform from wristwear to eyewear, providing a solution for those who frequently lose their reading glasses.

The EyeWris glasses cost $30.50 to produce and retail for $110, including shipping. In their first nine months of sales, the company generated approximately $28,000. Although sales were low, the sharks were intrigued by the potential of the product and the Singers’ background, especially Mark’s prior success as the founder of Gorilla Glue.

As the pitch progressed, the sharks began making offers. Lori Greiner was the first to offer $25,000 for 10% equity, while Kevin O’Leary doubled that with a $50,000 for 10% equity offer.

 Eventually, all five sharks—Mark Cuban, Daymond John, Barbara Corcoran, Lori, and Kevin—joined forces to offer $125,000 for 25% equity. Kenzo and Mark countered with 20% equity, and the deal was finalized.

EyeWris Shark Tank Pitch Summary

What Happened to EyeWris After Shark Tank?

Following the Shark Tank episode, EyeWris experienced a surge in interest and sales due to its exposure on the show. The innovative design of the foldable reading glasses, combined with the backing of all five sharks, garnered attention from both customers and media outlets.

While EyeWris had only made $28,000 in sales during its initial nine months, the post-Shark Tank boost helped the company grow significantly.

Many customers were drawn to the unique, practical design that allowed them to wear their reading glasses on their wrists, eliminating the need to search for misplaced readers. Social media reactions were positive, and the brand received praise for its clever solution to a common problem.

How Much Is EyeWris Worth?

As of 2024, EyeWris is estimated to be worth $625,000. This valuation reflects the company’s growth following its appearance on Shark Tank, where it received $125,000 for 20% equity from all five sharks. The company is in the early stages of expanding its market reach, with a focus on increasing sales and brand awareness.

Is EyeWris Still in Business?

Yes, EyeWris is still in business as of April 2024. The company continues to sell its unique foldable reading glasses through its official website and Amazon, where they have become increasingly popular.

With the backing of Mark Cuban, Lori Greiner, Kevin O’Leary, Barbara Corcoran, and Daymond John, the company is well-positioned for future success as it scales up production and marketing efforts.

Which Episode & Season Number was EyeWris Shark Tank?

EyeWris appeared on Shark Tank Season 14, Episode 22, which aired on May 19, 2023. The father-son team pitched their foldable reading glasses to the sharks and secured a deal for $125,000 for 20% equity.

FAQs

What is EyeWris?
EyeWris offers foldable reading glasses that can be worn as a wristband, ensuring users never lose their readers. The glasses are stylish, durable, and functional.

Did EyeWris get a deal on Shark Tank?
Yes, EyeWris secured a deal with all five sharks—Mark Cuban, Lori Greiner, Kevin O’Leary, Barbara Corcoran, and Daymond John—for $125,000 in exchange for 20% equity.

How much does EyeWris cost?
A pair of EyeWris reading glasses retails for $110, though they are often available at a discounted price of $65.

What is EyeWris’s net worth?
As of 2024, EyeWris’s net worth is estimated at $625,000, following its deal with the sharks on Shark Tank.

Is EyeWris still in business?
Yes, EyeWris is still in business and continues to sell its innovative foldable reading glasses online through its website and Amazon.

Who are the founders of EyeWris?
EyeWris was founded by Mark Singer and his son Kenzo Singer. Mark, an experienced designer and inventor, co-created the product with Kenzo after realizing the need for practical reading glasses that people wouldn’t lose.