Microvision Optical

Microvision Optical

Changing Premium Eyewear Pricing with a Direct to Consumer Business Model

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Security Type
Convertible Note
Categories
Retail
Min Investment
$100
Location
San Diego, CA
Offering Date
August 10, 2021
Expected Close Date
November 08, 2021
Target Raise
$300.00K-$1.07M
Security Price
$1

Company Description

MicroVision Optical, a small, highly innovative industry insider, is disrupting the long-established price model in the $20 billion eyewear market. The company will build on its design and supply chain expertise to market eyewear products with the quality of competitive global brands at half typical pricing.

Key Deal Facts

Annual global eyewear market worth $20 billion—and growing.
More than 1,000,000 pairs of readers and sunglasses sold - Oprah loves our readers!
Founders have 20+ years of experience as innovators in the eyewear industry + successful exits.
D2C business model built to scale quickly.
Strong revenue stream from multiple patents licensed to global optical companies.
Diverse and well-established supply chain relationships.

Management Team / Advisory Board Bios

David Johnson, Founder & CEO
Inventor and successful serial founder with multiple prior exits. Industry expert in retail, design, manufacturing, and supply chain logistics.

Ray Sphire, Chief Operating Officer
Serial entrepreneur and strategist in the health and wellness retail space, with experience in successful exits and acquisitions.

David Stern, Brand Management, Senior Advisor, and Investor
Startup developer and equity liaison to investors. Serial founder and strategist for CNN, Condé Nast, Discovery Networks, MasterCard, Paramount, Warner Brothers and others.
Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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