Tuesday, October 28, 2014

Week 3 EOC: Making Money for Good

   Warby Parker , the online eyewear retailer, donates a pair of eyeglasses to impoverished people for every pair it sells. The company recently announced that it had distributed 500,000 pairs of eyeglasses to people in need, reaching the milestone earlier this summer. The company came about when David Gilboa, Jeff Rider, Andy Hunt, and Warby Parker were students at MBA back in 2008. They noticed how expensive fashionable eyeglasses were and wanted to change that. They already had experience with the non-profit Vision Spring. Where they design and help low income entrepreneurs sell affordable eyeglasses. They started their business a year and a half later in 2010. Their company was strictly online but their traffic was so crazy that they had to start showrooms with Need Supply Co. Not only do they donate but they sell to their customers at a very good price. Normal $500.00 frames go for $95-$145.00!
   So once you shop and buy a pair of their discounted eyeglasses, they tally up the number sold that month and make a monthly donation to their nonprofit partners. The nonprofit train men and women in developing countries give basic eye exams and gives the glasses to communities. They try hard to spread awareness and make eye care available to all communities!

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