19 Burst results for "Warby Parker"

"warby parker" Discussed on Eyewitness Beauty

Eyewitness Beauty

04:49 min | 8 months ago

"warby parker" Discussed on Eyewitness Beauty

"Because they're filtering what you find out about your customer. Yeah, and you lose control of how your brands represented in their marketing materials. And in their stores and blah, blah blah. So but the craziest thing that's happened is now Chanel is an Ulta, and not just their fragrances, but they're cosmetics and skin care. I think it's about the bottom line, right? I think that what brands are starting to understand is that distribution is distribution. And maybe it's also the way in which social media has become more and more and more powerful. So I think in the early days of D2C brands, yes, Facebook was important and certainly Facebook advertising was pennies to the dollar, then it compared to what it is now. But Instagram was in its infancy when warby Parker, Harry's or these brands were launching. And I think that now that you can start the relationship and keep the relationship if you have a very strong social media presence, maybe brands are a little bit more inclined to open the floodgates for distribution because they can still maintain that relationship on social..

Chanel warby Parker Facebook Instagram Harry
"warby parker" Discussed on Homo Sapiens

Homo Sapiens

06:39 min | 10 months ago

"warby parker" Discussed on Homo Sapiens

"Doesn't make sense. Warby Parker is committed to providing exceptional vision care online and in stores offering eyeglasses, sunglasses, eye exams and contact lenses. Glasses start at $95 including prescription lenses. Try warby Parker's free home try on program, order 5 pairs of glasses to try at home for free for 5 days. There's no obligation to buy. Ships free and includes a prepaid return shipping label, 5 pairs of glasses at home for free at four B Parker dot com slash warby pod. But we're not going to find the answer here, but why when you very politely taking up a load of weight that you shouldn't have to take, by the way, is why wouldn't you bring it up is the reaction anger. That's what I'm always interested by. Because people try and raise stuff with me about things. I go in very, you know, peaceful teacher vibe. But they're just getting angry and it's like what where in your fabric of being what's being disrupted here that makes you angry. Well, I think what's being disrupted is the worldview that you don't have to be challenged on anything. You know, and I think the thing is, generally speaking, when we exist in a world that gives privileges to some of us, that world is frictionless. So the sort of men I'm talking to, middle class white men, albeit gay, live in a world of not very much challenge. It's frictionless. And so then suddenly you're presenting this. Complexity to them. You've said something or you've behaved in a way that's not cool. And that's friction. I mean, I don't know, but I would hazard a guess that the reason that I react with anger is because they're not used to being challenged. They're not used to having to be told. You might be wrong about this. It's like power as well. Yeah. I mean, I think that's definitely right. Because it is a power, right? Privilege is power, is being able to walk in the world without having to worry about any obstacles or barriers. That's power. But I should emphasize that I don't think it's malicious, most of the time. I remember I went to this party once and it was full of gays and it was like it was 60th 50th anniversary of like this gay couple. The really rich gay couple that live in London and I don't know how I managed to get an invite. But I got an invite to this thing. And so I was wearing like this black tie that I bought at uni 5 years ago I just had to squeeze into. And I was talking to this couple. And there was an Indian one. So this room is in some posh place in London full of people in black tie. Predominantly white, in fact most people were white. Like a hundred people in the room. And about maybe like 6 meters away from me like nowhere near me. Was this woman in a Sari? And this guy, this couple in the sky, I was talking to them. They were like, asking me how I knew that people whose party it was, and I was like, I actually don't. And then one of them said, oh, is that your wife? That's a woman in the Sari. And I looked at the woman and because I hadn't really realized who they were talking about. And I think it's not just him. I laughed. And I was like, wait. What do you mean is that my wife? This is a room full of gay men. Why is that your first question? Like, I'm gay. And they were like, oh, oh, and I was like, you literally. And I think it's finding it's so funny. So it's calling them out on a bit like I thought a funny way. I was like, you literally just saw a brown woman in a Sari. And so me, I thought we must be together. Like, you would rather go to that than the fact that statistically in a room of like a 150 men, I would be gay. Like what? I thought it was funny, but they did not. And one of them actually walked off, complained to the guys whose party it was. Really? And actually, yeah, it turned out that the guys whose party it was were totally like cool and could they understood where I was coming from and that I was under I genuinely thought it was funny. But remember going back and telling my friends about it afterwards and they're like, what's in that wasn't funny? That was terrible. I don't know. I mean, he wasn't being malicious. He was ignorant. And I'm sure he might make that mistake again. So I think the reason to say that is because fundamentally, okay, some of these things happen, but they're not like when I think about race, the things that matter to me the most are life, liberty, and economic opportunity. So in this country, your life expectancy is lower if you're from an ethnic minority background in your poor, your disproportionately more likely to go to prison, you're disproportionately more likely to be poor. And those are the things that matter to me. So when people talk to me about microaggressions and even somebody in a bar, like telling me that they're not into me because I'm Brown. Now, from this vantage point, I'm able to say that those things matter to me less than whether or not that person cares about the fact that most of the kids in prison are I think minorities. Now I'm not saying that doesn't matter, but it just matters less to me. Yeah, and also, people don't think that happens. That's also the other thing. I think people don't understand those. Microaggressions happen all day every day to people. You know what I mean? Yeah. And I think it's important like you say to have some perspective. You know, I'm lucky that I don't get many of them, but when I do get the ones that white gay men get, I'm like, this is boring. I find microaggressions a bit of an odd term though, because it's like, well, if it was really aggressive, it's not micro. And it's not really aggressive because most of the time it's not intentional. An aggression, I think, requires some intent. So I find it as an odd term. I've always had to work out why the world is the way it is, you know, which is a fool's errand, but there we go. And I think you figure it out, let me know. I'll put it on Instagram. I think what it is is that people who don't think the world is any different than what's in front of them on a daily basis. That is what gets up my nose. And unfortunately, it can make me a little impatient because I feel like I can see it coming a mile off. Which makes me part of the problem. But I think it's that. It's like that's what a microaggression is. Is someone just assuming they know how the world works because it's based on what is in front of them on a daily basis? Whereas actually it should be like, we should remain open minded seeking to be informed and enlightened that every corner surely. Yeah, yeah, definitely. I'm not going to disagree with that. I just think that you're like, no. No, no. No, but I think that's.

Warby Parker warby Parker Sari London Brown Instagram
"warby parker" Discussed on MarketFoolery

MarketFoolery

02:34 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"It's scary but chris as you point out. It's actually reasonable it. It means that they could still lose a couple. Three five of those very important clients and not take it too much on the chin that probably rebound with the rate of customers. They're adding anyway each year in a short amount of time. So yes thank you for putting more reasonable layer on that and not running clear away from the company after. I said that second question as you mentioned. The market cap is around six and a half somewhere between six and seven billion dollars given their growth given the market they operate in. How confident are you. That indaba is a standalone public company in three years because it seems like the type of business that a larger fish could come along and make a big offer to. This is a really good question. I always think about accenture which has a market cap of two hundred six billion dollars and an enormous balance sheet. The three companies. That i've mentioned are all quite small. Globe and fm systems are slightly larger. But it wouldn't be difficult for companies like accenture to come in with a stock and cash deal and acquire any one of these Why hasn't it yet. It could be just lack of strategic fit and the fact that accenture itself is already so entrenched with Some of the same customers. They don't see the need to get distracted with a smaller acquisition. Now could there be mergers between the three companies. I've been talking about. Potentially in the future we could see one or two these outfits merge but because each of the companies that i'm talking about again to give you the names one more time. Fm systems globe int- and uva because they're all founder led companies where the initial founders still hold some type of appreciable steak most would be with this company indaba but to some degree with the other two i think that the founders are very focused on doing their own thing and pursuing their own vision. So i'm going to give you a sixty five. Seventy percent confidence interval. That'll still be public. In a few years charmer great talking to you as always thanks for being here a lot of fun. Thanks so much chris. There's always people on the program interest in stocks and they talk about the motley fool man formal recommendations for or against by yourself stocks big sodium. Here that's going to do it for this. Edition of margaret jewelry. Show is mixed by dan void. I'm chris l. Thanks for listening. See you tomorrow..

accenture indaba chris margaret jewelry dan void chris l
"warby parker" Discussed on MarketFoolery

MarketFoolery

04:21 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"Facing technology and these smaller companies like indaba which has a market cap of just seven billion dollars. Help with that. I feel like this is a big playing field if you wanted to construct a basket around this. I like the idea of accenture. It's this huge mammoth consulting company which can provide a solid base and then you can add the other three companies i mentioned and play this digital transformation wave on the consulting side. I like indaba because again. It's so small and growing quickly. One of the things. I look at in. This industry is how company is growing. Its headcount and the headcount at june thirty twenty twenty one which has got these numbers. Yesterday is almost around nine thousand employees. You can compare that to about sixty six hundred employees at the end of the previous fiscal year. And you can see that. Indaba is really hiring people and acquiring smaller companies to be able to meet capacity out there in the marketplace. It's a sign that they see a lot of demand ahead and so this hit my radar screen simply because it's just often bewildering to try to sort through the different software as a service companies that offer so many solutions as companies tried to get more proficient in remote work more proficient in fintech options more proficient in customer communications. I could go on and on and on. It's almost easier to spend a little bit of time on the space between these four companies. I've mentioned so. That's how hit my radar screen. The'sour sort of the big picture things. I like about it just to mention a risk which is actually shared by the other two smaller players that i mentioned. Fm systems and globe in the top ten clients for indaba account for about thirty six percent of revenue. That's decreasing a bit versus forty percent last year but each of these small companies basically has the strategy to go very very deep into a few large customers and then pull a new customers and gradually expand out of those concentrations. The other thing that. I want to mention about this company is that it's got a really great revenue diversity. It's got about thirty. One percent of revenue in north america. Forty two percent in the uk where they're based and twenty four percent in europe. So it it's a company that's pretty well spread out across the major centers. They need to get a little more representation in latin america which is becoming a hot spot for digital transformation and i think they could expand their footprint in asia. But there's a lot to like in this little story as you mentioned chris. The biggest thing is the eye-popping growth that the company's been able to generate. It's still quite small last thing. I'll say before we discuss this a little bit. It does have a high valuation with that fifty percent range. Growth comes up fifty six times earnings ford multiple which i think is not too difficult to stomach when you consider that the playing field. The market is is very wide for companies. Like indaba. there is going to be worked for years in the industries that focuses on for this company. That's pretty much.

indaba accenture Indaba north america latin america europe uk asia chris ford
"warby parker" Discussed on MarketFoolery

MarketFoolery

05:08 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"Are you familiar with his sprint. Is it just me. Who who's seen this out in the real world and thinks wow. It's about time they went public. I am familiar with the brand. I've owned parker glasses in the past. And i think they've done a pretty smart job with their physical retail strategy. There's there there are a couple nearby. there's one in georgetown. there's one that went in here and old town alexandria sort of on the main strip king street so i think they've been smart about Slowly methodically expanding their physical footprint. I also think they have a pretty compelling story in terms of an industry doesn't really get a lot of attention. I'm not saying it's should but there is essentially a monopoly in the eyeglasses industry or there has been for a very very long time. Which is why the price of eyeglasses is so expensive. It's why war parker is able to come in with a product that is a quality product at a much lower price. So i'm rooting for them. Just as a consumer as someone who wears eyeglasses. I don't know that i'm going to rush out and buy the stock. I always liked to see how companies do those first couple of of quarters both in terms of their results. Are they delivering in the way that they say they're going to deliver because it's so much harder to be a public company that a private company and what is management style. You know how does it. How are they dealing with the questions. They get on a conference call. Those are all things. I wanna see but a decent a decent opportunity for them certainly. Yeah i agree. I i like that you mention that they are one of the scrappy underdogs in the eyewear rolled. Which is dominated by. Just a few big conglomerates. Look saad ika comes. Yeah that's the big one conglomerate that has given so many small players trouble they do have a virtual monopoly in this business and through emanate. They've only gotten bigger in the past few years so it is fun to see an underdog with a great product. And i'll ask you in maybe two or three years from now chris. They say in their perspective that they've got a pretty good success rate with customers coming back. They've got a fifty percent sales retention within the first couple of years of selling a pair of glasses and a nearly one hundred percent sales retention within forty eight months..

parker sprint georgetown alexandria chris
"warby parker" Discussed on MarketFoolery

MarketFoolery

03:29 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"Both of these are before their dividends so price return only not total return so there is an argument to be made here that with a slightly new business strategy the shares are undervalued relative to their potential relative to a benchmark competitors. So they're doing the opposite of what many companies do which is as you say to buy shares when they're too high and waste capital. This looks on the face of things. Pretty efficient worby. Parker is going public today. The online eyeglasses retailer is doing a direct listing with a starting price of forty dollars a share which gives worby parker an initial valuation of close to five billion dollars. I'm not gonna take any issue with how their pricing their stock. Not when we've seen what we've seen over the last eighteen months in terms of whether it's ipo's direct listing specs. Whatever is this a business that interests you as a shareholder potential shareholder in actually is chris. The older i get the more i realize. I've been tripped up by not paying attention to strong brands in the marketplace. And i think that worby parker has an extremely well known brand among consumers they set out oh ten or eleven years ago to reinvent the eyewear selling industry. At that time there were very few companies that were selling online. This company started from scratch built. Its own supply chain controls its own distribution has a very reasonable price point they. They're eyewear starts at ninety five bucks for for a per very nice glasses and glasses looks biffi. I have to say you can't ignore this. Potential shareholder look at the products out in the real world. they've got a very attractive portfolio of eyewear as i say it's reasonably priced. It's a direct to consumer model. Not only do they sell online but they have now a very big retail footprint. I think this is a company that potential shareholders may want to pay attention to they are founder led the cofounders are still going to own a big chunk of the company and a controlling interest in the company so they can call their own shots and the financials interesting to worby. Parker isn't profitable yet but on an operating basis trending towards break. Even chris when you stack their numbers from two thousand eighteen to two thousand twenty you see a lot of growth in two thousand eighteen. The company had revenue of about two hundred. Seventy three million dollars in twenty twenty. They had revenue of about three hundred ninety. Four million dollars now. They stumbled last year when everything shut down in the retail world but looking at their numbers this morning the first six months of twenty twenty one they show a really fast rate of growth versus that softer period in twenty twenty So they've done about two hundred seventy one million dollars in revenue in the first six months of this year you can extrapolate that out to a pretty decent year. That's going to be above five hundred million dollars in revenue. And as i said they are trending towards break even with that revenue for the first six months. They've only lost about seven million bucks on a net income basis. So there are lots of things to like about. This company. Wanted to ask you generally..

worby parker worby Parker chris
"warby parker" Discussed on MarketFoolery

MarketFoolery

03:07 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"Strategy has clung to see. If i can if i can hit a very awkward sounding past tense here has clung to a one dollar price point for a very long time now. It acquired family dollar several years ago to branch out because family dollar primarily offers a wide range of price points. Why is this price point business so important. It's because all of these stores operate on a very big retail footprint strategy. They're constantly opening up stores in rural areas expanding to white space across the united states. When that's your business.

united states
"warby parker" Discussed on MarketFoolery

MarketFoolery

01:49 min | 1 year ago

"warby parker" Discussed on MarketFoolery

"It's wednesday september twenty ninth welcome to market fully. I'm chris with me today. A charm in the house. Good to see you good to see you. Chris glad to be here. We've got software earnings. We've got another new public company. But we're going to start with the stock of the day. Shares of dollar tree up fourteen percent this morning after the discount retailer increased. Its share buyback plan from one and a half billion dollars to two and a half billion dollars. The company also said they're going to start selling more products at a higher price point due to. Let's just call it. The usual suspects supply chain issues. Labor costs that sort of thing. What do you think that i mean. It seems like good timing on the company's part. Because you know even with the pop. Today the stock is is still down for the year christina. My initial reaction was. It's not that huge deal. But let's take it in context of the piece of data that you mentioned alongside which is that. They are going to be adding new price points above one dollar across their dollar tree plus format stores. And they're going to keep experimenting in their legacy stores with price points above one dollar now. This seems like a very minute. Shift that a company can make but if you look at dollar tree versus its prime competitor dollar general its stock has outperformed miserably underperformed. Sorry miserably over the last five years. Both companies have fairly vigorous comparable sales growth meant to high single digit in any given quarter. Which is pretty good for a dollar store outfit and both have gross margins that fluctuate in the thirty to thirty two thirty three percent range..

chris Chris christina
"warby parker" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 1 year ago

"warby parker" Discussed on Bloomberg Radio New York

"Buyers are back They are returning to equity markets amid speculation that the worst sell off since May has gone too far to have an IPO today I wear retailer warby Parker up and running giving the company a market value of about $6 billion in the second direct listing of the week shares now up by about 34% with the $40 a share reference price assigned by the New York Stock Exchange Again right now looking at warby Parker shares that 53 82 The Dow the S&P now stack all advancing right now Defensive industries like utilities and consumer Staples outperforming technology S&P up 27 That is a gain of 6 tenths of 1% that our 255 up 7 tenths of 1% NASDAQ up three tenths of 1% are by 50 points again S&P close to session highs Ten year yield 1.54% We've got gold up 5 tenths of 1% 1725 ounce while crude West Texas intermediate down 5 tenths of 1% 74 87 a barrel While keeping an eye on Pfizer shares they are pushing higher now by 1.1% We've also got BioNTech shares up by 1.1% as well as frazetta's ADRs up two point up 3.6% Madonna were moving lower by 1.1% shares of Johnson & Johnson they are declining now J&J actually hire J&J off by 9 tenths of 1% Pfizer and partner BioNTech have submitted their initial data to regulators about the use of.

warby Parker IPO New York Stock Exchange West Texas S Pfizer frazetta Madonna J Johnson & Johnson
"warby parker" Discussed on Equity

Equity

05:58 min | 1 year ago

"warby parker" Discussed on Equity

"I think the answer is yes. Seat invest is the leading equity crowdfunding platforms. They make the fundraising process. Simple enabling entrepreneurs to focus on what's most important building their business begin marketing your fundraising as little as a few weeks and gain access to their network of over five hundred thousand investors visit techcrunch dot seat invest dot to get started..

Dan Bongino Is 'Inciting a Harassment Campaign' Against Warby Parker

The Dan Bongino Show

01:18 min | 1 year ago

Dan Bongino Is 'Inciting a Harassment Campaign' Against Warby Parker

"It out. You know, Nardine Ajami. We've been talking about her for a couple of days. You know, Nardine E. She's one of these left wing lunatics again. She has a lot of cats. I can tell. She's so upset. She got some ads cancelled from the Daily wire. One of those companies with Warby Parker. Why be Parker's a glass company? As I said the last few days. Apparently, they don't want conservative business. They are very upset if you support life in a pro life, Warby Parker So this nardine Egat Warby Parker to cancel a bunch of ads. So now everybody's cancelling their Warby Parker orders and she's melting down as he tweets. Hey, publisher first. Are you aware that Dan Bongino isn't where get a lot of this jib were inciting a harassment campaign against Warby Parker? Oh, what were exciting arrest people who don't want to buy their products because they support apparently determination of life in the womb and wearing nor did he You asked Jim, you asked me about Gardini, The rdd job, the folks and source of endless material for this show every day. This is what happens when you're left this that you have nothing else to do. Sit alone with your Army of cats in your house and try to get companies to blow up

Warby Parker Nardine Ajami Nardine E. Daily Wire Dan Bongino Parker Gardini JIM
"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

Behind the Numbers: eMarketer Podcast

01:45 min | 1 year ago

"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

"Because they've been much more digital dc and they haven't really rolled out into brick and mortar yet whereas worby pre pandemic two thirds of their is already coming from physical locations. This is what brands have to do to grow to hit scale. They've got to extend their product line. So where is the pretty exclusively eyewear and as you mentioned. They can move into contacts. But where do they go from there. As a brand all birds has already extended their shoe lying pretty significantly now have to go into other types of apparel and that's where my question marks come in is how will they do that. Their brand is known for comfort. In shoes they have a certain sort of look. Can they replicate some of those same dimensions to extend the brand into other areas. I don't know. But i don't see a lot in this business right. I say this is a rocket ship to. I think it is a digital native that is evolving into a traditional brand. Yeah i wouldn't mind. Seeing coffee shops in will be. August does is just me if we can get that sorted. Don't for me. i'd really appreciate it all. Birds putting sustainability at the hall of that apparently promising to continually reports on its land chemical and energy. Use trying to be a little bit different there. Tis the season of. Ipo's knows melissa repco cnbc. Just as honest company filed for an ipo medical scrubs maker figs recently went public and salad chain sweeping followed confidentially for ni- time for thank you andrew. Hanging out fake sparks. Thanks victory and thanks to everyone. Listening in was he goes tomorrow for the behind. The daily name octopus made possible by metex..

melissa repco Ipo cnbc andrew
"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

Behind the Numbers: eMarketer Podcast

05:15 min | 1 year ago

"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

"Story won. The cutesy retail endings are in some of the highlights walmart reported revenue one hundred and forty one billion dollars up two point. Four percent year on year they said. Us store visits had gotten better despite the doubter. Variant as online sales decelerated targets comparable sales. Were up nine percents ear on year. Also noting that combined traffic to target stores and websites grew thirteen percent in q two home depot's q. To comparable sales grew less than five percents after four consecutive quarters of over twenty percent growth notes matt grossman of the wall street journal andrew. You've mentioned to me that one of the central questions here is is the online shopping. Boom over is that in a word. No so first of all of these. big box. Retailers continued to post really strong numbers but we saw the tide shift back in the direction of brick and mortar in a pretty significant way in a lot of these cases if you recall last year many of them were seeing your your growth in their e commerce business in triple digits are high double digits. Eighty ninety one hundred percent growth so we saw those numbers come back down to earth because well they kind of had to. I think that there was a lot of misconception. Around the fact that this booming e-commerce that we had in the early part of the pandemic was creating a new normal as if things were just continued to grow off of this newly incredibly elevated base. It's hard to do that. It's really hard to post growth on top of that already. Dramatic growth so to some extent had to come back down to earth in in the early days of the pandemic when i was talking with our forecasting team. We said we need to prepare for the fact that we may see negative growth in some of these retailers in their e commerce business come next year just because they can't sustain these levels in fact a retailer who's been doing great like best buy was down over twenty percent in their e commerce business in the most recent quarter. That's going to happen. The questions really. Where are you versus two years ago and they are well ahead of the curve so e commerce has permanently been elevated but it's just unrealistic to expect crazy growth numbers so we're seeing a lot of go into single digits in some cases negative for the time being. They've come back down to earth but they're.

matt grossman walmart the wall street journal andrew Us
"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

Behind the Numbers: eMarketer Podcast

01:55 min | 1 year ago

"warby parker" Discussed on Behind the Numbers: eMarketer Podcast

"His entire career over the nineteen year career. That shack had he scored twenty eight thousand five hundred ninety six points that means there are only seven people in nba history who scored more points than shack was nearly as insane. Is that of all those points. He scored shack hit a three point. Shot exactly one time february sixteenth. Nineteen ninety six hundred. Twenty one to ninety one game between the magic and the bucks. Also andrew kareem abdul-jabbar the chap who scored the most points ever in nba. History played hof his pro career with no three point line and half of his career with it. he also scored just one three on eighteen attempts in his crib. Six percent from behind the arc..

nba andrew kareem abdul jabbar
"warby parker" Discussed on This Week in Startups

This Week in Startups

02:28 min | 1 year ago

"warby parker" Discussed on This Week in Startups

"You don't go on the same or they call the tour of on the same road. Show you don't have the blessing of the big goldman sachs etc for this reason. Companies that direct west have have strong brands and some level of notoriety. Obviously with spotify and base in slack and roadblocks you have very high profile companies. They don't need to be sold because they have a massive footprint who's in the stock market knows those companies. Well now it's direct listening to you also have no lock periods. That is a great for early employees and investors like myself in traditional. Ipo's there's lock-up period and that's between ninety and one hundred eight days. Basically six months is what you can expect that means when robinhood goes public or uber went public. I can't sell my shares. Neither ten the folks who worked for a decade or like me angel invested in hell my shares for decades. We can't sell you. Know who can sell the banks by took public and their customers and clients who they let have friends and family shares. Mak- flipped him. How is that fair. that makes no sense. It's complete hypocrisy. It's complete in a kind of inside baseball dealing it just screams of unfairness now a direct listings also have no further dilution for shareholders in ipo. You're giving new shares of the company that created and that dilutes existing shareholders. I you get money for those in a direct resting. You're basically saying euro all the shares that are available. We got one hundred million shares or a billion shares spotify have at it start trading them now. Direct lessons are also much less expensive They take less time and money than traditional ipo peo- these investment banks charging underwriting fee to do this whole process for finding all these Investors for you and the underwriting fees are charged on a percentage basis based on how large the ipo is more money the company raises the lower percentage of the fees wc pricewaterhousecoopers recently published an ipo price calculator on their website based on the average of eight hundred twenty nine. Ipo's and in deals greater than a billion dollars. The underwriter fee was three point. Five percent and the average investment banks on dealer sixteen so based on this. You're spending thirty five million dollars Making your shares available according to jason horowitz's breakdown. Apparently that's some venture firm about having heard of their direct listings charge a flat advisory fee which is typically half of what the smallest underwriting fee.

goldman sachs Ipo Mak baseball jason horowitz
"warby parker" Discussed on This Week in Startups

This Week in Startups

07:13 min | 1 year ago

"warby parker" Discussed on This Week in Startups

"Twist in an august ninth log circle. Young co-founder jeremy allaire. Who have known for years. We're not besties or anything. We don't go to dinner. But i know him through three companies Bright cove and before that he did coal fusion. So i've been aware of him. We've met maybe five times over the years pretty smart cat. Obviously and i think super upstanding guy On the honest feels like the opposite of the tether team where jeremy is like out and has been around for a long time. He's not like the ceo of toddler who nobody can seem to find people. Speculate doesn't exist. Which i don't think that's true but certainly it's very weird that the cfo and ceo of tether are nowhere to be found. Here was the quote from jeremy in that august night blog. he says circle is Setting out to become a us. Federally chartered national commercial. Bank as kind of a big deal And here's another quote. Circle intends to become a full reserve national commercial bank operating under the supervision and risk management requirements of the federal reserve. Us treasury occ fdic. We believe that full reserve banking on digital currency technology leap to not just radically more efficient. But also a safer more resilient financial system rate. This means he is going above and beyond what tether is doing and let's face it. There's no way to either way clear The ability to operate a bank with the federal reserve your treasury occ and fdic after getting banned from working with customers in new york. That's just off the table circles. Focus on transparency comes as tether is reportedly facing a criminal probe by prosecutors in the doj which recovered an episode twelfth eighty three and remember that's in addition to what happened with the new york attorney. General this new Doj investigation seems to be around using committing bang for essentially using a bank account. That is not prescribed for one use for another use and we saw this poker. I believe where people were unable to deposit money to play online poker back in the day and then they would create banks. That did this on in some sort of sly way there. The i think the very here is that the doj is probing weather. Tethered did this to move money. And they basically admitted it in a in a youtube clip that i believe the next has shared a multiple times on their twitter handle. I'm really interesting. See where that goes. And this is an example of once you start committing any kind of fraud or Activity you get on the regulators or justice department's radar. It never ends. They watch everything you do like a hawk because think about it if they got you once the new york journey general and then you commit more fraud. I won't be like you caught made off and then you let him off the hook again. You're caught elizabeth homes at our nose in your letter off the hook again. You do not want to have that. Look where you caught the criminal and then you let them go. That would be like you brought in you. Know some Serial killer for questioning. You kept them overnight and then you let them go the next and they kill more people. That is the big fear of any Detective or You know the doj or the fbi or anybody. You don't want to let people run amok after you know or suspect at. They're doing bad things which my guess keyword in the sentence here is gas is that tether has many skeletons in their closet. If we know of one or two. I'm guessing here's twenty. Just a guess so remember what i told you in a previous episode circle and jeremy allaire are using transparency and safety as a selling point not just for customers. 'cause a lot of these customers don't seem to care that tether has problems right and i think the customers should don't care. Customers are probably involved in Money laundering money that was gotten through activities that maybe are not above board. I think what circ was doing here is they are really going to regulators. And saying we know you're going to have Strong regulation the space. We would like to regulate ourselves. We would like to go beyond what you're doing. And then put that directly as a counterexample. Tether and imagine if tether gets band imagine if tether. faces doj Investigation edit actually all comes public and they're guilty of three or four more things. Which i think is possible if not probable. If that happens man people would just flow over to this other more trusted stable quaint and as they should so Had heather respond to your circles announcement. Well deebo. My friend over at cnbc summed it up as circle says it will change the makeup of us dc reserves to all ash in treasury bonds tether applauds transparency. That says they're quote comfortable with assurance opinions that we have provided you may be comfortable to other. Nobody else is so we couldn't find the statement online It seems they sent it to cnbc directly and in this Ridiculous statement from tether. I mean misses the height of insanity. But i have to read it anyway. Because it's so stupid. Tether says we applaud our friends for embracing the transparency that tether has pioneered in the marketplace. I made that point at the beginning of this new story. That circle is doing what tether promise they would do in didn't do now. Tethers saying they actually applaud and that their friends circle. You weren't not friends with circle. Circle is going to sink your battleship. They're going to drink your milkshake. Tether it's over you're done you cannot recover from this. I am predicting tether done for anything. Other than gray market transactions at offshore marketplaces. And you know. And i think this game over I think it's game over checkmate. Congratulations to us dc. And it gives a clear path other people and you know what i think. It's good for the crypto space. All of this regulation which i know people are complaining about you talked about some priebus episode. You know what. Stop crying about it. Going to make the industry much much much bigger. And it's going to be more trusted and that's a good thing. He acid short term pain. Yes less innovation. I get it but you can't run amok with people's money carried under story. Sorry you have to play by the rules. Everybody else in finances playing by the rules. You can do innovative stuff. do it. In a sandbox. Under ten million tokens you know you have like. We have some sort of safe harbor. That's the way we should do it in america once you get past ten million bucks. There's too much of a crater created from shenanigans. This tethered thing is just too high risk for society we do not want to deal with the black swan. We wanna keep the market going. We don't want individuals to lose their money. So just you know. Create a little sandbox here. And let's make everything above board and let's get rid of players. Who are.

jeremy allaire doj Young co Bright cove Us treasury fdic jeremy federal reserve new york occ Doj treasury circ youtube fbi elizabeth twitter cnbc us
"warby parker" Discussed on WHAS 840 AM

WHAS 840 AM

08:31 min | 2 years ago

"warby parker" Discussed on WHAS 840 AM

"You are back. It is our number two of Jill on money, and we are delighted that you are joining us. And we've got a real nifty guest an interview that we conducted before the pandemic. You know, we had a whole bunch of stuff that was in the can. And then all the sudden the pandemic came. And we had to shift quick, pretty quickly. So we have a lot of really great interviews. This one was really one of my faves. It is with the founders or two of the founders of Warby Parker. Maybe you're familiar with Warby Parker. I had a pair of Warby parkers myself. Um, stylish, cool glasses but not so expensive that it will set you back hundreds and hundreds and hundreds of dollars so very happy that these guys were able to come in. They are co CEOs of Warby Parker, Dave Gilboa and Neil Blumenthal. And we start the interview as we often do kind of getting a sense of who these guys are themselves. So here is our interview with Dave Gilboa and Neil Blumenthal. So, Neil, what is the best career or financial decision you've made after Warby Parker after Warby Parker, the best decision I ever made was marrying my wife, who ended up being an entrepreneur started her own jewelry line helped put me through business school now has Line of Children's apparel called Rockets of Awesome. That's all directed consumer online. You guys air power. Couple G's. Yeah, there's finding the right partner. Probably one other story would be joining vision, spring the nonprofits or start up on baking a risk of moving down. Tell Salvador toe work on a pilot program. I find what I'm speaking to young people. Sometimes they underestimate the amount of learning that you can get in. An environment where you have a lot of autonomy and independence, where there isn't a lot of structure and you need to sort of figure out right how to have impact and I use some of the skills that I learned that vision spring every day. I will be Parker. Okay, Dave. West, choosing to optimize for learning early on in my career, So after graduating from Berkeley, I was a bioengineering. Major didn't know anything about business and on decided join Bain and company strategy consulting firm. I knew that I could go there for a couple years and developed really meaningful skills and still kind of used a lot of thinking and skill set that I developed. Early on, and we've also hired a bunch of people out of veins since that time, and I think it just set up a great foundation for my career, whichever direction it was going to go next. Let's just start back a little bit of your origin story. So, Dave, why don't you start off and tell us kind of the beginning of what happened for this company? How did it form where you guys were in your lives? Sure. S O Neal. I met the first week of business school, along with two other co founders Andy and Jeff. And I've been working in consulting and finance for a few years and realized I wanted to take that kind of do something a little more entrepreneurial something that was gonna have a bigger positive impact on the world. Take six months off to travel between working and going to school. And along the way I lost my only pair of glasses and some damn it left him on the plane. I was backpacking and I said, Shut up to warden hours getting my MBA. A zoo full time student didn't have ah, pair of glasses and was frustrated that was going to pay several $100 to buy a new pair. The paranoid losses cost me $700. And I just bought a new iPhone for $200. And just the math. That makes sense to me. And started complaining to anyone that would listen around. You can understand my glasses were so expensive Andy. They're co founder can't understand why no one was selling glasses online and connected with Neil, who had just spent several years running this amazing nonprofit called Vision Spring, The light bulbs started going off and in the four of us got together and we ended up bootstrapping the business taking the money that we had saved from working for a few years. Launching out of our apartments all their full time students and started to tow build what became Warby Parker. And that was so we launched in early 2010. Okay, So Neil talk about what drove you to attend business school coming out of the nonprofit world. I felt like the work of the nonprofit sector is equally complex on DCI, challenging as a for profit sector but often doesn't get the same sort of credibility s O. Felt actually that going to business school. I'll get a name premature, especially from school like warden that would open up a lot more opportunities for May on ball, So I realized that I loved leading organizations and managing and you know the skills that you learn business will can help you to scale and lead organizations in the future. So I understand you're going to business school to get a different skill set. So, Dave, we're undergrad. Where'd you go? S I went to Berkeley. I was a bioengineering. Major. Both my parents are doctors. I was 100%. Sure I was going to become a doctor, So I took all the pre med classes took them Cat When I was getting ready to graduate. They're a bunch of changes in the health care industry. HMO's We're taking over and just talking toe, my parents and their friends who are doctors. They didn't seem quite as excited to be practicing physicians and said, Um, thought that there might be a different path where I could learn something about business and then kind of applied Those skills toe hopefully Help make the world better. It's um some point down the road. So it's interesting, though, because you know, neither of you were sort of came out with, like I'm an entrepreneur. Like you know, I'm sure that you get a ton of people who come to like we want to be into entrepreneurs like you. But you you didn't pre planned this like You live your lives, but you didn't micromanage each choice. So I wonder how you deal with this question where people are like, Well, I want to be like you and I wanna go to business school. Do this Your unicorns? What would your advice be? The younger people who listen to this story or their parents who hope that they become a successful is you? What's the lesson here? What should they be telling their kids? And what should people be thinking about? The best business is solve real problems, and the real problem we were trying to solve is that glasses were to accept expensive and the experience of shopping for glasses with sub optimal and often you can't discover what problems you want to solve until you've actually done some work. You know, there's this perception that entrepreneurs all look like Mark Zuckerberg and, you know, dropped out of school and launch businesses while they were teenager in their early twenties. And that just doesn't line up with the actual statistics and the majority of people that start businesses are in their late thirties and early forties. And I think the average CEO right now of all unicorns is actually like 47 something odd like it like shockingly higher than you would think. So, what is it about your business when you look back on it, and you solved a problem, But what were some of the things that there was No way you could have anticipated until you were in it. Like Dave. What we're like. Oh, my God. This is so much harder than we thought. What would the things you didn't consider? Yeah. I mean, none of us said had ever started a business before. None of us knew how to build a website. None of us came from kind of a formal design background. Everything that we were doing. We were doing for the first time and learned a lot of painful lessons early on, particularly around the areas where we didn't have expertise like how to how to build a website. Most of us came from backgrounds where we had spent a lot of time and excel in power point. And so we're really proficient at that. We didn't know how to make wire frames, and so when we wanted Teofilo out how to design Site. We designed it in power point, and we printed out a bunch of PowerPoint slides and had stacks of paper and we would walk into the local Starbucks and offered by people a cup of coffee if they would take a few minutes and we put a page in front of them and say, pretend this is a home page that you're looking on a computer screen and your hand is the mouse. Where would you click? And then they would kind of point somewhere, And then we Shuffle the papers and find the next part of the site and put that in front of them. And so, you know, we tried toe in areas that we were deficient. Try to find scrapping ways that we could generate Learnings. Try to solve for either hire or or find the capabilities that we didn't have on the team ourselves. We'll get back to the guys behind Warby Parker in just a minute..

Warby Parker Dave Gilboa Neil Blumenthal Berkeley Andy Jill Bain Starbucks DCI HMO Mark Zuckerberg Salvador partner Um Teofilo Neal co founder CEO
"warby parker" Discussed on KNBR The Sports Leader

KNBR The Sports Leader

02:31 min | 2 years ago

"warby parker" Discussed on KNBR The Sports Leader

"Rocket mortgage for being a part of the John Kincaid Show here on CBS Sports Radio. Appreciate it very, very much. Got an email this morning from this war be have you ever heard a Warby Parker? Anthony. No, I have not. You can email from Warby Parker. It is a ah I guess they're reading glasses. You ever wonder how You get ads that you didn't sign up for Like like ads come to you. You ever see that pop up into your social media timeline like you might have been? You looked at houses. And then all of a sudden, you know, inundated with Dad's about houses and everything. I have no idea how these Sunday Now it's try five pairs of glasses at home for free. So five pairs of like reading glasses and you could choose all different frames and everything like that. Okay. What's the catch? What's the catch? Do I click on the link? And figure out what the catch is. Use reading classes. Yeah, I don't know that. Yeah, I went wading glasses when I When I work, a guy of reading glasses on during during pretty much the whole show. They're pretty much all show. I have to wear reading glasses because out of glasses, otherwise, I don't wear glasses otherwise. That is one of the genetic things. Thank you very much. Tom and Betty. For my mom. My mom wore glasses from when she was like young. And my dad never wore glasses except readers. Towards the very end. He died a 57 But he wore he didn't wear readers till he was in his fifties. And I've worn readers since I was around 46. Something like that. It's the same type of thing. But this ever I always wondered about that. And then the free offer God, you gotta be careful. Lost scams out there now. It's a free offer, like you know, come on, like I'm wondering. There's something I think nothing is free. There's always something there's a price to pay. There's always a price to pay. By the way. Did you watch the New York Yankees the other night? Did you watch Aaron Boone? In Philadelphia. When the fan dem ICS if you haven't seen the Fan, Dem IX The Phillies fans showing up outside the gate of the stadium. To watch games. Harass the opposing team from outside the stadium. Make noise. Blow air horns do things to let their presence known..

Warby Parker John Kincaid Dad CBS Phillies Anthony Aaron Boone New York Yankees Philadelphia Tom Betty
Dave Gilboa explains how the idea for Warby Parker came about

Good Life Project

00:51 sec | 4 years ago

Dave Gilboa explains how the idea for Warby Parker came about

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