EyeWris Reading Glasses Update | Shark Tank Season 14
Father and son duo, Kenzo and Mark Singer have invented a brilliant solution to never again forgetting your readers. Will their vision earn them a deal on
Shark Tank EyeWris Update
- Entrepreneurs: Kenzo Singer and Mark Singer
- Business: Reading glasses
- Ask: $25,000 for 5% equity
- Result: $125,000 for 20% equity
- Sharks: Mark Cuban, Kevin O’Leary, Barbara Corcoran, Daymond John, Lori Greiner
The unique spring-like design of the Eyewris reading glasses immediately caught the attention of the sharks. Kenzo and Mark demonstrated how their product immediately transforms from wrist wear to eye wear, helping those who need them, to never be without their readers again.
A single pair of glasses cost about $30.50 to produce, and are sold online to customers at a price point of $110 dollars. The problem for Eyewris was that the company had only generated about $29,000 in sales during its first nine months.
Even with the low sales numbers, Lori Greiner immediately made an offer of $25,000 for 10% equity. Kevin O’Leary doubled down, and offered even more money than Lori. He decided to offer $50,000 for 10% equity.
As offers kept coming, the sharks started to realize that they all wanted to be a part of it. Kevin asked Kenzo and Mark how much equity they’d be willing to give away for all of the sharks to come in on the deal. Together, ll the sharks offered up $125,000 for 25% equity, and the entrepreneurs countered at 20% equity. Kevin, Lori, Mark Cuban, Daymond John, and Barbara Corcoran agreed to the terms, and the deal was finalized.
What happened next for these father and son business partners? Did the nearly unprecedented five-shark deal help them succeed? Keep reading our EyeWris update to find out!
We have great news to report in our EyeWris update! A major boost in popularity for the reading glasses came after the episode aired during Season 14. They have successfully boosted their brand’s sales, and the company continues to operate in business in 2023. Do you or someone you know need a pari of EyeWris reading glasses? Pick up a pair or two on the EyeWris company website!
Would you like to learn about the other companies featured on Season 14 Episode 22? Follow the links below!
For even more on companies and products, be sure to stop by our Season 14 Products Page!