During Shark Tank Season 14, father and son team, Kenzo and Mark Singer, pitched their innovative solution – EyeWris – foldable reading glasses to the Sharks.
Their product, EyeWris reading glasses, promised to ensure that people never forget their glasses again, thanks to its innovative design.
This father-son duo made an immediate impression on the Sharks, setting the stage for one of the more memorable deals of the season.
Did EyeWris get a deal on Shark Tank Season 14? Or, What happened to EyeWris after Shark Tank?
Let’s find out in our in-depth analysis on EyeWris Shark Tank update and pitch recap!
Table of Contents
Quick Summary
Here’s a quick summary of EyeWris On Shark Tank deal:
During their Shark Tank Season 14 pitch, Kenzo and Mark Singer showcased EyeWris reading glasses, featuring a unique spring-like design that allows the glasses to transform from wristwear into eyewear effortlessly. Despite only generating $29,000 in sales during their first nine months, the Sharks were captivated by the product’s potential. Lori Greiner initiated the bidding with an offer of $25,000 for 10% equity, quickly followed by Kevin O’Leary, who offered $50,000 for the same stake.
As the Sharks recognized the product’s appeal, they collectively proposed a deal of $125,000 for 25% equity, which Kenzo and Mark countered at 20%. The Sharks agreed to the terms, resulting in a rare five-Shark deal that significantly boosted credibility and growth prospects of EyeWris.
EyeWris On Shark Tank
| Sharks | Result |
| Mark Cuban, Kevin O’Leary, Barbara Corcoran, Daymond John, and Lori Greiner | Accepted deal of $125,000 for 20% equity |
EyeWris Shark Tank Deal
- Business: Foldable Reading Glasses
- Entrepreneur: Kenzo and Mark Singer
- Ask: $25,000 for 5% equity
- Result: $125,000 for 20% equity
- Sharks: Lori Greiner, Kevin O’Leary, Mark Cuban, Barbara Corcoran, and Daymond John
EyeWris Company Information
| Brand Name | EyeWris |
| Official Website | eyewris.com |
| @eyewrisglasses | |
| @EyeWris | |
| Where To Buy EyeWris | Buy Now On Amazon |
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What Are EyeWris Reading Glasses?
The invention of EyeWris reading glasses solves a common issue for many—forgetting where you left your glasses. What makes EyeWris special is its folding design that allows the glasses to wrap securely around the wrist like a bracelet when not in use.
This unique feature ensures that users always have their reading glasses at hand without the risk of losing or misplacing them.
Crafted with a spring-like mechanism, EyeWris folding reading glasses can instantly transform from a wristband into a pair of stylish readers. For those constantly on the go, EyeWris provides the convenience of wearable eyewear without sacrificing style or functionality.
EyeWris Founders: Mark Singer And Kenzo Singer
The success of EyeWris can be traced back to the inventive minds behind the product: Mark Singer and his son, Kenzo Singer. This dynamic father-and-son duo brought their unique vision to life, combining their talents and experiences to create a solution for people who constantly misplace their reading glasses.
Mark Singer, a seasoned professional with years of experience in design and engineering, has always been passionate about creating practical solutions for everyday problems. His background in product development played a critical role in shaping the functionality of EyeWris folding glasses. Mark’s expertise ensured that the product was not only innovative but also durable and stylish.
Kenzo Singer, on the other hand, brought a fresh, youthful perspective to the business. As the co-founder, Kenzo was instrumental in the branding, marketing, and positioning of EyeWris. His understanding of the modern consumer market helped the company build an appealing brand identity, emphasizing both convenience and style in their product.
EyeWris Shark Tank Pitch
When Kenzo and Mark Singer walked onto the stage for their Shark Tank Season 14 pitch, they had an innovative product and a compelling story to share. The Eyewris reading glasses immediately grabbed the attention of the Sharks with their unique spring-like design.
Mark and Kenzo demonstrated how the glasses transform from wristwear into eyewear with a simple motion, offering a solution for people who frequently lose or misplace their readers. The Sharks were intrigued by the idea of having a pair of glasses always within reach—wrapped around your wrist like a bracelet.
Despite the product’s innovation, Eyewris faced a challenge: the company had only generated $29,000 in sales during its first nine months. Priced at $110 per pair, with a production cost of $30.50, the company struggled to gain traction in a competitive market. However, the low sales didn’t deter the Sharks. They recognized the potential of the product and were eager to jump in.
Lori Greiner was the first to make a move, offering $25,000 for 10% equity. Soon after, Kevin O’Leary doubled the offer, putting up $50,000 for the same 10% equity stake. As the excitement in the room grew, the other Sharks—Mark Cuban, Daymond John, and Barbara Corcoran—also expressed interest in Eyewris.
The pitch took an unexpected turn when all five Sharks expressed a desire to be part of the deal. Kevin O’Leary posed a crucial question to Kenzo and Mark, asking how much equity they’d be willing to give up if all the Sharks came in together. After some back-and-forth negotiations, the Sharks collectively offered $125,000 for 25% equity in the company. Kenzo and Mark countered at 20%, and the Sharks agreed.
The deal was finalized, marking a rare moment in Shark Tank history where five Sharks teamed up for an investment. With the combined power of Lori, Kevin, Mark Cuban, Daymond, and Barbara on their side, Eyewris secured a massive boost in both credibility and potential. This moment set the stage for their post-Shark Tank journey, positioning Eyewris for future success.
Shark Tank EyeWris Deal: A Five-Shark Offer
Despite the low sales figures, the Sharks were intrigued by the potential of EyeWris folding glasses. Lori Greiner, known for her investments in innovative consumer products, was the first to offer a deal—$25,000 for 10% equity. But it didn’t take long for the other Sharks to get involved.
Kevin O’Leary quickly followed with a better offer, doubling the money to $50,000 for the same 10% equity stake. As the excitement grew, the Sharks realized they all wanted in. In a rare moment on Shark Tank, all five Sharks—Kevin, Lori, Mark Cuban, Daymond John, and Barbara Corcoran—offered a collective deal of $125,000 for 25% equity.
After some negotiation, Kenzo and Mark countered with 20% equity, and the deal was struck. The Shark Tank EyeWris business had now secured not one, but five powerful investors, each bringing their expertise and resources to help scale the business.
EyeWris Shark Tank Update: EyeWris After Shark Tank
The EyeWris Shark Tank episode gave Kenzo and Mark’s business an immediate boost. Their appearance on the show provided much-needed exposure, helping EyeWris gain visibility in a competitive market. The company’s online sales surged after the episode aired, and the deal with five Sharks brought credibility that they hadn’t had before.
In the months following the show, EyeWris worked on ramping up production, improving their supply chain, and refining their marketing strategy. With the guidance of their five new partners, the company shifted its focus to building brand awareness and expanding its customer base.
While exact EyeWris sales after Shark Tank haven’t been publicly disclosed, reports suggest that their revenues have grown substantially since the episode aired. With the Sharks’ help, EyeWris has been able to tap into new distribution channels and enhance its digital presence, setting the stage for continued growth.
EyeWris Net Worth Shark Tank Update
As of their appearance on Shark Tank, EyeWris was still in its early stages of growth, with relatively low sales numbers—around $29,000 in the first nine months. Despite this modest start, the innovative nature of the product and the enthusiasm of the Sharks suggested that the company’s potential far outweighed its initial financials.
The deal struck with the five Sharks—$125,000 for 20% equity—implied a pre-money valuation of $500,000 for EyeWris. However, post-Shark Tank, the company’s net worth has likely increased significantly due to the surge in sales, exposure, and the strategic guidance provided by the Sharks.
Since the episode aired, EyeWris has enjoyed heightened visibility, which led to a boost in online sales. With the collective marketing power and expertise of Lori Greiner, Kevin O’Leary, Mark Cuban, Daymond John, and Barbara Corcoran, EyeWris is expected to scale rapidly. Though exact figures aren’t publicly available, industry estimates suggest that EyeWris could soon surpass a net worth of $1 million or more, driven by both growing demand and expansion into new markets.
The strategic investments in marketing, production, and distribution channels will continue to play a critical role in EyeWris’ increasing valuation. With the Sharks backing them and more customers discovering their innovative folding reading glasses, EyeWris is on track for continued financial growth and success.
Keep an eye out for future EyeWris Shark Tank updates, as the company is expected to see its net worth rise even further in the coming years!
Customer Feedback and Reviews Of EyeWris
A key part of any business’s success is customer satisfaction, and EyeWris glasses reviews have been mostly positive. Users appreciate the convenience of the folding design, noting that the glasses are both practical and stylish. The ability to wear them on the wrist is a standout feature, especially for those who frequently misplace their reading glasses.
That said, some customers have pointed out the relatively high price point compared to traditional readers. However, many are willing to pay the premium for the convenience that EyeWris folding glasses provide.
Overall, customer feedback has been encouraging, and the Sharks’ involvement has undoubtedly boosted consumer confidence in the product.
Where To Buy EyeWris Reading Glasses?
If you’re interested in purchasing EyeWris reading glasses, they are available for purchase directly from the company’s official website. Additionally, Eyewris folding glasses can be found on Amazon, where you can easily compare prices, read customer reviews, and take advantage of fast shipping options.
Both platforms offer the convenience of online shopping, allowing you to select the perfect pair of Eyewris folding reading glasses from the comfort of your home. Keep an eye out for special promotions or discounts on these platforms!
Current Status and Future Plans for EyeWris
As of 2024, EyeWris is continuing to grow and evolve. With five Sharks on board, the company has big plans for the future. Shark Tank EyeWris update 2024 shows that the business is looking to expand its product line, potentially introducing new variations of their folding glasses to appeal to a wider audience.
Additionally, the company has been exploring partnerships with major retailers, which could further boost sales and visibility. With increased production capacity and a growing customer base, the future looks bright for Kenzo and Mark’s innovative eyewear brand.
FAQs On Shark Tank EyeWris Reading Glasses Update
What Happened To EyeWris After Shark Tank?
After appearing on Shark Tank, EyeWris gained significant exposure, leading to increased sales and customer interest. The reading glasses brand, designed with a unique wraparound wrist feature, continued to grow its online presence and expand its product offerings following the show.
How Much Is EyeWris Worth?
As of 2024, EyeWris, the innovative folding reading glasses company, is estimated to be worth approximately $2 million. This valuation reflects the company’s growing popularity and its successful appearance on Shark Tank.
Did The Sharks Invest In EyeWris?
Yes, all the five Sharks invested in EyeWris. The Sharks initially proposed $125,000 for 25% equity, but Kenzo and Mark Singer, the entrepreneurs behind EyeWris, countered with 20%. Kevin, Lori, Mark Cuban, Daymond John, and Barbara Corcoran accepted their offer, sealing the deal at 20% equity.
Who Is The Owner Of EyeWris?
The owners of EyeWris are Mark and Kenzo Singer, a father-and-son duo. Together, they created EyeWris reading glasses, blending Mark’s extensive eyewear design experience with Kenzo’s innovative approach to product development.
Did EyeWris Get A Deal On Shark Tank?
Yes, EyeWris secured a deal on Shark Tank. As the offers poured in, the sharks recognized their shared interest in the business. Kevin inquired about how much equity Kenzo and Mark were willing to offer to allow all the sharks to join the deal.
Ultimately, the sharks collectively proposed $125,000 for 25% equity, but the entrepreneurs countered with a request for 20% equity. Kevin, Lori, Mark Cuban, Daymond John, and Barbara Corcoran accepted this counteroffer, leading to a finalized deal.
Conclusion: EyeWris Glasses Shark Tank Update
The EyeWris Shark Tank update tells the story of how a unique product, combined with the power of five Sharks, can transform a small business. Kenzo and Mark’s vision to revolutionize the way people carry their reading glasses has resonated with consumers, and the company is well on its way to success.
With improved sales, positive customer feedback, and future plans for expansion, EyeWris is proving that innovation, when paired with the right business strategy, can lead to great success.
Keep an eye out for the next Shark Tank EyeWris update, as the company continues to grow and expand its market reach.
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