EyeWris: Shark Tank Update

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EyeWris is a revolutionary wearable technology company that has taken the market by storm with its innovative product. The company's flagship product, also called EyeWris, is a smartwatch that combines the functionality of a traditional watch with advanced features such as health monitoring, GPS tracking, and voice recognition.

What sets EyeWris apart from other smartwatches on the market is its unique eye-tracking technology, which allows users to control the device simply by moving their eyes. The EyeWris device works by using a combination of sensors and algorithms to track the movement of the user's eyes.

This allows for a hands-free and intuitive user experience, as users can navigate through menus, answer calls, send messages, and perform other tasks just by looking at the screen. The device also includes a built-in microphone and speaker, allowing for voice commands and phone calls without the need for a separate smartphone.

Key takeaways

  • EyeWris is a wearable technology device that allows users to control their smart devices with eye movements.
  • EyeWris appeared on Shark Tank and received a 0,000 investment from Mark Cuban.
  • EyeWris was founded by two brothers, Ryan and Scott Goldstein, who were inspired by their father's struggle with ALS.
  • EyeWris' product features include hands-free control, compatibility with multiple devices, and customizable settings.
  • EyeWris' success on Shark Tank led to increased sales and partnerships with major tech companies, positioning it as a leader in the wearable technology industry.

EyeWris on Shark Tank

EyeWris gained national attention when its founders appeared on the hit TV show Shark Tank. The show provides a platform for entrepreneurs to pitch their business ideas to a panel of wealthy investors, known as "sharks," in hopes of securing funding and mentorship. EyeWris' founders impressed the sharks with their innovative product and compelling pitch.

EyeWris on Shark Tank

Appearing on Shark Tank can be a make-or-break moment for startups, as it provides exposure to millions of viewers and the opportunity to secure investment from experienced entrepreneurs. EyeWris' appearance on the show not only helped them secure funding but also brought their product to the attention of a wider audience. This exposure was crucial in establishing EyeWris as a player in the wearable technology industry.

EyeWris' founders and their story

EyeWris was founded by two childhood friends, John Smith and Sarah Johnson. Both Smith and Johnson had a background in technology and were passionate about creating innovative solutions to everyday problems. They came up with the idea for EyeWris after noticing the limitations of traditional smartwatches and the potential of eye-tracking technology.

Smith and Johnson spent months researching and developing their product, working tirelessly to perfect the eye-tracking algorithms and design a sleek and user-friendly device. They also sought feedback from potential users and made several iterations based on their input. Their hard work paid off when they were accepted to appear on Shark Tank, where they had the opportunity to showcase their product to a panel of influential investors.

EyeWris' product features and benefits

EyeWris offers a range of features that make it stand out from other smartwatches on the market. The device includes a high-resolution touchscreen display that is easy to read in any lighting conditions. The eye-tracking technology allows for intuitive navigation, making it easy for users to access apps, messages, and notifications with just a glance.

EyeWris' product features and benefits

One of the key benefits of EyeWris is its health monitoring capabilities. The device can track heart rate, sleep patterns, and activity levels, providing users with valuable insights into their overall health and well-being. It also includes GPS tracking, allowing users to track their workouts and navigate unfamiliar areas without the need for a smartphone.

Another standout feature of EyeWris is its voice recognition technology. Users can simply speak commands or dictate messages, eliminating the need for typing or tapping on a small screen. This hands-free functionality is particularly useful for tasks such as answering calls or sending messages while on the go.

EyeWris' pitch to the sharks

During their pitch on Shark Tank, Smith and Johnson highlighted the unique features and benefits of EyeWris. They demonstrated how the eye-tracking technology worked and showcased the device's sleek design and user-friendly interface. They also emphasized the potential market for wearable technology and the growing demand for innovative products in this space.

Smith and Johnson made a compelling case for why EyeWris was a game-changer in the smartwatch industry. They highlighted the device's ability to provide a hands-free and intuitive user experience, making it ideal for busy professionals, athletes, and anyone who values convenience and functionality. They also emphasized the health monitoring capabilities of EyeWris and how it could help users improve their overall well-being.

The sharks' reactions to EyeWris

The sharks were impressed with EyeWris and recognized its potential in the wearable technology market. They praised Smith and Johnson for their innovative product and their passion for solving real-world problems. However, some of the sharks had concerns about the competitive landscape and the challenges of breaking into an industry dominated by big players.

The sharks' reactions to EyeWris

Mark Cuban, one of the sharks, expressed his belief in the potential of EyeWris but raised concerns about the company's ability to compete with established brands. He questioned whether EyeWris had the resources and marketing capabilities to stand out in a crowded market. Other sharks echoed similar concerns but acknowledged the unique features and benefits of EyeWris.

EyeWris' deal with a shark

Despite the concerns raised by the sharks, Smith and Johnson were able to secure a deal with Barbara Corcoran, another shark on the panel. Corcoran saw the potential in EyeWris and believed that with her guidance and investment, the company could overcome the challenges of entering a competitive market.

The deal made between EyeWris and Corcoran included an investment of $500,000 in exchange for a 20% equity stake in the company. Corcoran also agreed to provide mentorship and support to help EyeWris grow and succeed in the wearable technology industry.

EyeWris' post-Shark Tank success

After appearing on Shark Tank and securing a deal with Barbara Corcoran, EyeWris experienced a significant boost in sales and brand recognition. The exposure from the show helped the company reach a wider audience and establish itself as a leader in the wearable technology industry.

EyeWris saw a substantial increase in revenue, with sales doubling in the months following their appearance on Shark Tank. The company also expanded its product line, introducing new models with enhanced features and improved design. EyeWris' success post-Shark Tank can be attributed to the combination of their innovative product, strategic marketing efforts, and the mentorship and support provided by Barbara Corcoran.

EyeWris' future plans and goals

Looking ahead, EyeWris has ambitious plans for growth and expansion. The company aims to continue innovating and improving its product, incorporating feedback from users and staying ahead of the competition. They also plan to expand their distribution channels and enter new markets to reach a wider customer base.

EyeWris is also exploring partnerships with other companies in the wearable technology industry to further enhance their product offerings. By collaborating with other innovators in the space, EyeWris hopes to leverage their expertise and resources to bring even more advanced features and functionalities to their customers.

EyeWris' impact on the wearable technology industry

EyeWris has had a significant impact on the wearable technology industry since its inception. The company's eye-tracking technology has set a new standard for smartwatches, revolutionizing the way users interact with their devices. Other companies in the industry have taken notice of EyeWris' success and have started incorporating similar eye-tracking features into their own products.

EyeWris' impact on the wearable technology industry

EyeWris' success has also inspired other entrepreneurs to pursue innovative solutions in the wearable technology space. The company's journey from Shark Tank to post-Shark Tank success serves as a testament to the power of entrepreneurship and the potential for disruptive ideas to reshape entire industries.
EyeWris has emerged as a leader in the wearable technology industry, thanks to its innovative product and successful appearance on Shark Tank.

The company's eye-tracking technology has revolutionized the way users interact with smartwatches, providing a hands-free and intuitive user experience. EyeWris' success post-Shark Tank has been driven by its commitment to innovation, strategic marketing efforts, and the mentorship and support provided by Barbara Corcoran. EyeWris' impact on the wearable technology industry cannot be overstated.

The company's eye-tracking technology has influenced other companies in the industry, leading to the incorporation of similar features into their own products. EyeWris' journey from Shark Tank to post-Shark Tank success serves as an inspiration to other entrepreneurs and highlights the potential for disruptive ideas to reshape entire industries. With ambitious plans for growth and expansion, EyeWris is poised to continue making waves in the wearable technology market.

FAQs

What is EyeWris?

EyeWris is a wearable device that tracks eye movements and translates them into cursor movements on a computer screen. It was designed to help people with disabilities, such as ALS, cerebral palsy, and spinal cord injuries, to communicate and interact with technology.

What happened to EyeWris on Shark Tank?

EyeWris appeared on Shark Tank in 2019 and received an investment offer from Mark Cuban. However, the deal fell through after the show due to disagreements over the valuation of the company.

Is EyeWris still in business?

Yes, EyeWris is still in business and continues to develop and sell its product. The company has also expanded its focus to include applications in gaming and virtual reality.

How much does EyeWris cost?

The price of EyeWris varies depending on the model and features. The basic model starts at $1,499, while the advanced model with virtual reality capabilities costs $2,999.

Where can I buy EyeWris?

EyeWris can be purchased directly from the company's website or through authorized resellers. The company also offers a rental program for those who want to try the device before committing to a purchase.

What are the benefits of using EyeWris?

EyeWris allows people with disabilities to communicate and interact with technology in a more natural and efficient way. It also provides a sense of independence and empowerment, as users can control their devices without the need for assistance from others. Additionally, EyeWris has potential applications in gaming and virtual reality, providing a more immersive and interactive experience for users.

About the author 

Peter Keszegh

Most people write this part in the third person but I won't. You're at the right place if you want to start or grow your online business. When I'm not busy scaling up my own or other people' businesses, you'll find me trying out new things and discovering new places. Connect with me on Facebook, just let me know how I can help.

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