How Warby Parker Grew From Eyeglasses Upstart To $1.8 Billion Business

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CNBC Make It

CNBC Make It

Күн бұрын

Пікірлер: 202
@TwicebakedJake
@TwicebakedJake 29 күн бұрын
They now sell expensive lenses at physical locations. They literally became exactly what they tried to tear down.
@vl1180
@vl1180 29 күн бұрын
They said in store prices are $95…
@kateriniker5934
@kateriniker5934 29 күн бұрын
@@vl1180 They have some nicer dynamic designs for more than $100. Yet majority remain around $95!
@dwayne9959
@dwayne9959 21 күн бұрын
You adapt or you go out of business. "Expensive" is relative. You price what the market will pay. Hence why its a billion dollar company now.
@Jhene_Simone
@Jhene_Simone 21 күн бұрын
$95 is the base price before choosing the lens type, anti fatigue, blue light blocking, etc everything is an add on and my recent pair was $325 so let’s not sit here and act like $95 glasses are being sold anymore lmao
@DarrylMarshall-k9j
@DarrylMarshall-k9j 20 күн бұрын
Who cares... You're in business to make money...
@GeovanniFay-m3r
@GeovanniFay-m3r 11 күн бұрын
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
@MarilouCole-k2y
@MarilouCole-k2y 11 күн бұрын
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
@NewellBeahan-s2u
@NewellBeahan-s2u 11 күн бұрын
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
@GeovanniFay-m3r
@GeovanniFay-m3r 11 күн бұрын
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adam Jeremy. A widely known crypto consultant
@EmmanuelleRempel-d8h
@EmmanuelleRempel-d8h 11 күн бұрын
I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...
@GeovanniFay-m3r
@GeovanniFay-m3r 11 күн бұрын
I started working with Adam Jeremy back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
@SnowmanTwin07
@SnowmanTwin07 29 күн бұрын
The Japanese eyewear brand Jins is better, they get your glasses made in 30 minutes. Their quality is so good and lightweight!
@detroitvinyl
@detroitvinyl 29 күн бұрын
Jins and quality in the same sentence...? If you have a prescription maybe, but their tests are NOT high quality. I'm glad you had a positive experience with them but imo Megane Ichiba (which is only a bit more expensive than Jins) glasses last longer and are cheaper in the long run.
@jjbdbd8279
@jjbdbd8279 27 күн бұрын
Not only are they affordable but their marketing is unique and effective!!!
@Emche826
@Emche826 29 күн бұрын
I tried to order glasses online. Put in my prescription info and everything. They kept emailing me back for more info about my lenses. I'm like isnt this their job? So I just cancelled my order.
@acampbell1320
@acampbell1320 29 күн бұрын
I didn't know they had retail locations. Thanks to this video, I found a location near me. Crazy that they were initally planning to sell the glasses for $45.
@johntatman8182
@johntatman8182 7 күн бұрын
I think it's awesome you brought back glasses from the 70s😮
@gameloser123
@gameloser123 29 күн бұрын
amazing growth of a business. still not profitable is surprising
@manoftomorrow5987
@manoftomorrow5987 29 күн бұрын
Because they do and still Underestimate their cost. But lenders will look at their growth potential and cash flow and still lend them money. But it’s not sustainable man…a lot of business bubbles have burst that way.
@JessicaHicks
@JessicaHicks 29 күн бұрын
I had no idea there company had been launched 15 years ago
@jaybirdie.0777
@jaybirdie.0777 27 күн бұрын
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets. I wish everyone reading this the best of luck in achieving success!
@HunterWeldon
@HunterWeldon 27 күн бұрын
You're right
@HunterWeldon
@HunterWeldon 27 күн бұрын
Starting crypto trade was the best decision I ever made
@DoroDeejarh
@DoroDeejarh 27 күн бұрын
speaking of crypto trading I know I am blessed if not I wouldn't have met someone who is as spectacular as mrs Caitlin albrecht
@DoroDeejarh
@DoroDeejarh 27 күн бұрын
The very first time i tried, i invested $2000 and after a week, i received $19000. That really helps me a lot to pay up bills
@Setter.yop66
@Setter.yop66 27 күн бұрын
As a beginner investor, it's essential for you to have a mentor to keep you accountable. My self, I'm guided by Caitlin Albrecht. A widely known crypto consultant
@kk22001
@kk22001 29 күн бұрын
So technically, they didn't disrupt anything hahaha
@ricarellan
@ricarellan 29 күн бұрын
I have 2 pairs from them. They’re stylish and comfortable.
@teamhexa06
@teamhexa06 29 күн бұрын
"Strategy is what we say no to" - pure fact.
@TechOutAdam
@TechOutAdam 28 күн бұрын
I have eyeglasses and sunglasses from Warby Parker and they are the best!
@VirtousStoic
@VirtousStoic 29 күн бұрын
I enjoyed owning a pair, but they are not as good as they used to be. But i respect their market cap well done
@VictorImeOfficial
@VictorImeOfficial 12 күн бұрын
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.
@RebeccaEmily-s8h
@RebeccaEmily-s8h 12 күн бұрын
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment
@RaymondClinton-g1m
@RaymondClinton-g1m 12 күн бұрын
Mrs Emily L Romano was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Emily L Romano.
@ColtonBeau41
@ColtonBeau41 12 күн бұрын
She must be really dedicated and well trusted for people to talk much good about
@MarcusDiana
@MarcusDiana 12 күн бұрын
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
@JeremiahParker-
@JeremiahParker- 12 күн бұрын
I Started with $5,000 and Withdrew profits $89,000
@juliealino7955
@juliealino7955 29 күн бұрын
I have been more and more unhappy with them as of late. My insurance benefits didn’t ring up correctly. Customer service doesn’t know anything about insurance. They used to replace lenses but don’t anymore. Now you have to get a whole new set for a $50 discount. Don’t know what happened but definitely has gone downhill the past few years
@traver.traveler
@traver.traveler 26 күн бұрын
Once a business scales that much, it gets harder and harder to keep the same level of service
@shawn_car
@shawn_car 29 күн бұрын
Love their story and mission!
@justforwatch7184
@justforwatch7184 22 күн бұрын
The background music is so loud and distracting. Ask your video editor to lower it or remove it.
@kkp4297
@kkp4297 29 күн бұрын
$700 glasses make no sense. No way that price is justified.
@hatshepsutiv
@hatshepsutiv 28 күн бұрын
If they are hand made it is.
@raosiddharth4726
@raosiddharth4726 28 күн бұрын
@@hatshepsutiv most of warby parker's glasses are not. Only boutique brands are worth that money.
@jimin8006
@jimin8006 26 күн бұрын
Look at gentle monster lol, their prices are insane
@nomanejane5766
@nomanejane5766 13 күн бұрын
​@@raosiddharth4726 the $700 glasses weren't warby parker
@raosiddharth4726
@raosiddharth4726 13 күн бұрын
@@nomanejane5766 go ask for prescription glasses through them and tell the average price of it. It is either 599 or good sturdy with blue cut lens with lens dimming goes way beyond 1000 dollars. where as normally from no name brands it is waaay below even the starting range.
@HabitualLine-Stepper
@HabitualLine-Stepper 29 күн бұрын
Summary: WE ARE LUXOTTICA NOW!!!
@hamidayahaya2121
@hamidayahaya2121 29 күн бұрын
Luxoticca bought them?
@amde8554
@amde8554 29 күн бұрын
They’re not even close
@editorjohn8803
@editorjohn8803 29 күн бұрын
The worst companies are the ones that have been around for so long yet not profitable
@TonyTinker-hc3zq
@TonyTinker-hc3zq 29 күн бұрын
Never heard of them but I know of zenni
@lillypatience
@lillypatience 29 күн бұрын
I only heard of zenni from Professor of Rock 😂
@MsCanadianpie
@MsCanadianpie 29 күн бұрын
Used to like them but the prices are not great anymore
@michaelrfx7
@michaelrfx7 29 күн бұрын
They shouldn’t have listen to their professor and go with $45 price tag, to compete with Zenni!
@vl1180
@vl1180 29 күн бұрын
If you price low customers will not buy because they assume something is wrong with the product if it’s too cheap.
@michaelrfx7
@michaelrfx7 28 күн бұрын
@@vl1180 No they wouldn’t, word of mouth and quality of product would have taken care of that and change the precipitation and hearts of customers long term and now they are who they once despised.
@gprufino
@gprufino 8 күн бұрын
I'm a happy customer and will soon be a shareholder.
@kursorken
@kursorken 21 күн бұрын
The glasses is expensive because of the lens, not the frame. The guy's $700 glasses probably cost $4-500 in lens.
@IsaacNoa
@IsaacNoa 29 күн бұрын
The 1st time I realized I could buy glasses online, all over it! I've never purchased from some over price optometrist office ever again!
@Sylvia-f3h
@Sylvia-f3h 28 күн бұрын
*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Mary, and her helpful guides.*
@Sylvia-f3h
@Sylvia-f3h 28 күн бұрын
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
@flora8525-y6k
@flora8525-y6k 28 күн бұрын
You just mentioned Expert Mary, Indeed, wow that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
@flora8525-y6k
@flora8525-y6k 28 күн бұрын
I know Mary, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
@MullerNita76
@MullerNita76 28 күн бұрын
Interesting! But I'm new here. How can I get to this person's guidelines??
@Sylvia-f3h
@Sylvia-f3h 28 күн бұрын
@MaryPete79
@conniecen
@conniecen 27 күн бұрын
Them: we are not profitable Analyst: what’s great is that they don’t have debt and have free cash flow So are they profitable or not? 💀
@kyliefire5008
@kyliefire5008 24 күн бұрын
Creative accounting.
@DanaJangali
@DanaJangali 28 күн бұрын
Could you make the next review about eyeglasses brand "Gentle Monster"
@kevyhot
@kevyhot 21 күн бұрын
who's that handsome host at 8:53?
@CapsLock33
@CapsLock33 26 күн бұрын
I love these videos. Keep them coming!
@christiannavarro1785
@christiannavarro1785 23 күн бұрын
Toms did it first!
@tastychicken3966
@tastychicken3966 26 күн бұрын
Jins still the best
@BernalEmmie
@BernalEmmie 23 күн бұрын
305 Wisozk Cliff
@AncientYouth64
@AncientYouth64 23 күн бұрын
i buy £10 glasses online, everyone thinks they cost a fortune
@alexirabor
@alexirabor 18 күн бұрын
Where ?
@Native722
@Native722 22 күн бұрын
Warby Parker is good but they don't have what I"m looking for, it's just to limited selection in frames.
@bloomstick
@bloomstick 26 күн бұрын
2:09 Doesn't he look a bit like Peter Parker?
@VibesLaCroix
@VibesLaCroix 26 күн бұрын
glasses start at 150$ for canadians what happened to 95$?
@kyleanuar9090
@kyleanuar9090 24 күн бұрын
I got my prescription in Malaysia for ten dollars twenty four years ago and still using it. It has little cracks but not yet time to change.
@PrimalStrike1
@PrimalStrike1 29 күн бұрын
Most overpumped stock. 60 bucks at launch now down to 15. Manipulation to cash in by the founders.
@traver.traveler
@traver.traveler 27 күн бұрын
I'd do the same to secure my $100+mil in stock. Who wouldn't?
@ProMakeupTV
@ProMakeupTV 29 күн бұрын
Not profitable but each CEO makes $400k welcome to the twisted world of Csuite lol
@jackFatal
@jackFatal 28 күн бұрын
The measure of profit depends on multiple factors so don't always trust the net income on P&L. If the financial statements were alarming you would see a drop in stock . I'm sure the value Created (EBITDA) is fairly positive , it's how they decide to spend that surplus ( in R&D expenses for example ) that make them not profitable
@mistermood4164
@mistermood4164 27 күн бұрын
400k for Csuite Executives is not that crazy.
@Daksh-s2b
@Daksh-s2b 23 күн бұрын
So expensive
@danevosler
@danevosler 22 күн бұрын
....they haven't "made it"
@factchick6778
@factchick6778 29 күн бұрын
And they’re still not profitable 😂🤣🤡
@vl1180
@vl1180 29 күн бұрын
Cheap prices and giving away free eye ware probably contributed to that
@illmagnetic
@illmagnetic 21 күн бұрын
It took Amazon 9yrs to turn a profit. Tesla spent 17yrs unprofitable
@DarrylMarshall-k9j
@DarrylMarshall-k9j 20 күн бұрын
Doesn't know how business works*
@skullandbones1832
@skullandbones1832 29 күн бұрын
💚
@kkp4297
@kkp4297 29 күн бұрын
"let's take lens crafters and undercut their price."
@aaronwilliams4638
@aaronwilliams4638 28 күн бұрын
the quality has gone downe. I've owned two pairs and won't buy from them anymore
@christopherlaw9184
@christopherlaw9184 29 күн бұрын
Never heard of it
@saintgreat
@saintgreat 28 күн бұрын
Watching with my WP on 😂
@Waltaere
@Waltaere 29 күн бұрын
🤓
@imran2816
@imran2816 23 күн бұрын
Invest in Shiba Inu coin and be a billionaire in the future…
@hatshepsutiv
@hatshepsutiv 28 күн бұрын
I wear face- a- face only.
@tweetingsparks
@tweetingsparks 17 күн бұрын
Warby Parker's quality is low-end. I had a pair for only three days; they didn't use my actual prescription that I told them they can get from my optometrist and the spectacles were uneven.
@poppysilk365
@poppysilk365 23 күн бұрын
They are not affordable. I found quality glasses for WAY less with eyebuydirect, Zennys, and many more. Yikes…
@adnansadat4646
@adnansadat4646 29 күн бұрын
Lenskart Fan ❤😅
@SpencerPayne-d6v
@SpencerPayne-d6v 28 күн бұрын
928 Shakira Meadow
@djchromeinkkingdom6890
@djchromeinkkingdom6890 29 күн бұрын
Still over price! $95 dollars? Only in America.
@TonyTinker-hc3zq
@TonyTinker-hc3zq 29 күн бұрын
Zenni is better. I buy some for less than 20usd
@outoftime788
@outoftime788 29 күн бұрын
lol i used to work at a luxotica manufacturing plant. bunch a sorry a$$ people ther. i thot they went out of buines
@chrismv102
@chrismv102 21 күн бұрын
I've never been in one of these stores but it seems awfully pretentious.
@carbonurbuddy3456
@carbonurbuddy3456 28 күн бұрын
So, lenskart but not as good...
@ShawnLH88
@ShawnLH88 27 күн бұрын
It's literally plastic. You're paying for the lenses. They literally became what they pretended they weren't going to. E
@raosiddharth4726
@raosiddharth4726 28 күн бұрын
They made everything costly, like the worst company for Americans to deal with when comes to eyewear.
@rashid-go1hk
@rashid-go1hk 25 күн бұрын
This are pure scam industry. I wish people know that how much it cost to make those glasses.🤡💀
@Benlevinburg
@Benlevinburg 29 күн бұрын
Horrible quality
@littlemissperfect254
@littlemissperfect254 29 күн бұрын
Of course it's two white guys
@andreamartinez7484
@andreamartinez7484 29 күн бұрын
Two ceos to big egos. Bad business.
@misterchris8916
@misterchris8916 29 күн бұрын
too expensive... this is just another trash vanity company for the rich
@Gustavo-77596
@Gustavo-77596 29 күн бұрын
Oh no they found my VPN
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