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Warby Parker

Warby Parker

JAND, Inc., doing business as Warby Parker, is an American online retailer of prescription glasses and sunglasses, based in New York City.[1] Warby Parker primarily sells products through its website, but also features retail locations in the U.S. and Canada.

JAND, Inc.
Warby Parker logo.png
Trade name
Warby Parker
Founded2010 (2010)in Philadelphia, Pennsylvania, U.S.
  • Jeffrey Raider
  • Andrew Hunt
  • Neil Blumenthal
  • David Gilboa
New York City, New York
Key people
Neil Blumenthal(Co-CEO)David Gilboa(Co-CEO)
Websitewww.warbyparker.com [26]


The company was founded in 2010 in Philadelphia by Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider,[1] and is headquartered in New York City. The name "Warby Parker" derives from two characters that appear in a journal by author Jack Kerouac.[2] The company's official corporate name is JAND Inc. and "Warby Parker" is the company's trade name.[3]

The company was started in the Venture Initiation Program of the Wharton School of the University of Pennsylvania, where the founders all studied.[4] The company received $2,500 seed investment through the program and launched in February 2010.[4] Shortly after launching, the company was covered by Vogue.com.[1] In May 2011, Warby Parker raised its first round of funding totaling $2.5 million. In September 2011, the company raised a Series A round of $12.5 million.[5] In fall 2012, it raised a $37 million Series B round,[6] with an additional $4 million announced in February 2013 with investors American Express and Mickey Drexler.[7] In 2011, Warby Parker shipped more than 100,000 pairs of glasses and had 60 employees.[8] By the end of 2012, the company had grown to around 100 employees.[9] As of April 2015, the company was valued at $1.2 billion.[10]

In 2016, the company announced plans to create an optical lab in Rockland County, New York to create and manufacture their glasses in-house instead of paying external manufacturers. The space would be a 34,000-square-foot and would employ 130 staff. The company would be investing $16 million to create the production facility.[11] The optical lab was opened in 2017.[12]

On March 14, 2018, Warby Parker raised $75 million in Series E funding, making its total funding about $300 million.[13]

Retail model

The company primarily sells eyewear online and through its multiple locations throughout the United States and Canada. Warby Parker's "Home-Try-On program" is a strategy used by the company which the customers choose five frames from the website, which they receive to try on at home for five days, free of charge. The company has programs where customers upload a photo and try on frames virtually through their mobile app.[14]

Warby Parker began operating online exclusively in 2010 and opened its first store in 2013. As Warby Parker's revenue started to grow, the company began opening brick-and-mortar showrooms across the country to build its brand. It also expanded in 2015 with the brand's first national retail partnership with Nordstrom, which allowed the company to establish six precisely curated "pop-up" shops nationwide. The brand has been keen on partnerships and pop-ups ever since. As of 2017, Warby Parker operates around 71 locations in 28 U.S. states[15] and Washington, D.C., according to Slice Intelligence, [16] along with two stores in Toronto. According to CNBC, due to steady growth and the success of the physical storefronts, the company plans to operate nearly 100 stores across the U.S. by the end of 2018.[17] Following the opening of its retail stores, the company announced the company's intention to build its own point of sale (POS) system. One feature planned for the system is to charge the customer when their product is shipped, instead of when it is first ordered in-store.[18]


Warby Parker designs its product in-house, and sell directly to consumers through its website and stores. The company orders its own materials, such as acetate, from Italy and then manufactures frames at the same Chinese factories as competitors such as Luxottica. This manufacturing process enables Warby Parker to offer lensed glasses at competitive prices.[19] On average, a Warby Parker customer completes more than one order per year and buys an average of 1.5 units per order.[16] In addition to eyeglasses and sunglasses, Warby Parker sells monocles, which are available with prescription lenses.[20]

Donation program

Warby Parker uses a social entrepreneurship model, described as "buy one, give one". For each pair of glasses purchased, the company pays for the production of another pair of eyeglasses for the non-profit organization VisionSpring.[21] VisionSpring in turn sells the glasses to consumers or companies in developing countries as a way to encourage entrepreneurship. According to the Christian Science Monitor, this model provides positive marketing for the company, and the use of VisionSpring as an intermediary company may address some of the criticisms that have been leveled at Toms Shoes, which uses a similar model.[22] In June 2014, Warby Parker announced that it had distributed 1,000,000 pairs of eyeglasses to people in need.[23] The company also claims to be 100% carbon neutral.[24]


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Citation Linkwww.wsj.com"Warby Parker Co-Founder Says Initial Vision Was All About Price", The Wall Street Journal, July 18, 2012
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Citation Linkopticalowl.com"How did Warby Parker get the name "Warby Parker?" – OpticalOwl". OpticalOwl.com. Retrieved July 29, 2016.
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Citation Linkwww.ft.comCorbyn, Zoë (September 24, 2012). "Take one start-up, add expertise and grow with care". The Financial Times. Retrieved June 20, 2013.
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Citation Linkblogs.wsj.comMcMhana, Ty (September 22, 2011), "Stylish Eyewear Maker Warby Parker Tries on $12M In Funding", WSJ.com
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Citation Linkdealbook.nytimes.comde la Merced, Michael J. (February 24, 2012), "J.Crew Chief and American Express Invest in Warby Parker", The New York Times
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Citation Linkgigaom.com"At Warby Parker, the power of branding is easy to see", Gigaom, March 26, 2012
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Citation Linkwww.warbyparker.comThe 2012 Warby Parker Annual Report
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Citation Linkblogs.wsj.comDouglas MacMillan (April 20, 2015). "Eyeglass Retailer Warby Parker Valued at $1.2 Billion". Wall Street Journal.
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Citation Linkwww.fastcompany.com"Warby Parker is opening an enormous new optical lab in Rockland County". Fast Company. June 27, 2016. Retrieved January 9, 2018.
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Citation Linkwww.cnbc.comJuang, Mike (June 6, 2017). "Sloatsburg, NY, town of around 3,000, offers a peek at the future of eyeglasses". CNBC. Retrieved January 9, 2018.
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Citation Linkwww.cnbc.comThomas, Lauren (March 14, 2018). "Warby Parker raises $75 million in latest round of funding". CNBC. Retrieved March 16, 2018.
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Citation Linkwww.wired.comMitroff, Sarah (September 12, 2012), "With $37M, Warby Parker Sets Its Sights on More Than Just Eyeglasses", Wired.com
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Citation Linkwww.fortlauderdaledaily.com"Warby Parker Location Opens In Fort Lauderdale". Fort Lauderdale Daily. Retrieved August 13, 2019.
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Citation Linkintelligence.slice.com"Warby Parker's pricing strategy has buyers seeing double". Rakuten Intelligence. Retrieved November 8, 2018.
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Citation Linkallthingsd.comDel Ray, Jason, "An Unlikely Startup Enters the Point-of-Sale Business: Warby Parker", All Things D
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