Warby Parker

What
Warby Parker was conceived to disrupt the overpriced eyewear market controlled by a few large companies that reap huge profits due to lack of customer choice. Using the web as a way to limit costs and engage directly with customers, the company offers stylish prescription eyewear at a fraction of the existing price (starting at $95).

Disrupting
The eyeglass market. It's on the verge of doing the impossible—breaking a monopoly. And now that they've figured out glasses, can't they apply that to other categories?

Source: Warby Parker

Headquarters: New York, NY
CEO: Co-founders: Neil Blumenthal, Andrew Hunt, David Gilboa, Jeffrey Raider
Year Founded: 2010
Number of Employees: 150
Funding: Warby Parker has raised more than $50 million.
Key Investors: Lerer Ventures, General Catalyst Partners, MentorTech Ventures, Tiger Global, FirstRound Capital, Thrive Capital

Vital Stats

  • Name derived from two characters in a Jack Kerouac journal: Zagg Parker and Warby Pepper
  • Company annual report provides as many employee food-eating as financial metrics
  • Warby Parker employees ate 3,600 bagels and a lot of salad (2507 lbs. of it in 2012)
  • 1001: highest number of daily visitors to HQ showroom
  • $3659: sales per square foot in HQ showroom
  • 6 showrooms opened in 2012
  • Distributed more than 250,000 glasses to those in need


On Disruption

"Causing a disturbance that provides stakeholders with new solutions and/or problems." -Neil Blumenthal @NeilBlumenthal, Co-Founder


Tech

Latest Special Reports

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • To turn the page on structural racism, communities are Changing The Narrative. In this series, CNBC explores the central themes of racial healing through stories addressing implicit bias in economic data, the major obstacles to racial equity at work, how fiscal investment can change the narrative on minority entrepreneurship and the ramifications of the great resignation in the Black community.