INVEST IN THINOPTICS TODAY!
Always With You
$363,920.77 Raised
REASONS TO INVEST
Sold in over 125 countries at a price point starting at 20 USD, we’re disrupting the 4 billion dollar US eyewear industry, and even broader international industry, with quality, style and convenience. Our ultra-thin reading glasses can go viral simply by their usage.
As a cherished brand with new products protected by a strong patent portfolio, we have significant growth opportunities. Plus, we are a revenue stage company with proven product-market fit.
We have a passionate team comprised of grit and vision. Our engineering team continues to develop new innovations to deliver powerful vision solutions to our customers.
OVERVIEW
Thinnest. Glasses. Ever
40 Million people in the US look for their reading glasses multiple times a day (Source). They spend a billion dollars every year buying multiple pairs and stashing them everywhere despite not being able to find them when they need them.
At ThinOptics, our concept is simple enough - since your smartphone is always with you, we set out to develop thin, comfortable reading glasses that fit on the back of your phone. Since then, we've grown our product line to include phone cases, keychain cases, credit card sized cases, full frame reading glasses and sunglasses.
ThinOptics reading glasses are created from medical grade materials like Nitinol, the super-elastic memory-metal alloy used for heart stents, and incredibly slim, bulletproof-strong polycarbonate lenses.
Our state-of-the-art manufacturing technologies create a consistently high-quality product. Since our launch in 2010, we have sold over $100 million in retail sales in reading glasses alone.
THE PROBLEM
As Tech Centric as Our World is, Glasses are Late to the Game
Every year, billions of dollars are spent to engineer ever more beautiful, high-resolution displays for our computers and phones, but the same kind of energy has not been allocated toward reading glasses. As a result, there has been very little evolution since their invention in the late 13th century.
THE SOLUTION
Reading Glasses Backed by Sophisticated Technology
We created the bridge between eyeglasses and mobility by designing super-strong, lightweight glasses that can adhere to any flat, non-porous surface -- and are most optimally utilized when attached to your mobile phone. ThinOptics' solutions enable both sunglasses and reading glasses to be Always With You.
Our main source of revenue is direct-to-consumer both on our website and Amazon. This makes up over 90% of our revenue. All sales are paid in advance, with prices ranging from $20 to $130. Our AOV on ThinOptics.com YTD is $49 and for the month of September it was $54.
- COGs are 30%
- Gross Margin is 55%
- Contribution Margin after commissions and Acquisitions costs is 31%
A new-to-file customer will contribute a gross margin amount of $50 over a one year period. Plus, 30% of our customers repurchase in the first year.
OUR TRACTION
12 Issued Patents and More On the Way
We have built a brand of Always With You vision solutions that integrate with all lifestyles and needs. To date, our vision solutions have generated over 100 million dollars in retail sales of 5 million units, to more than 2 million loyal customers.
After launching our readers, we quickly added a pod that could go on any phone case to hold them. Then, with those features in mind, we started adding more Always With You form factors like the keychain, the credit card holder, blue light blockers, anti-fog, and Connect glasses, which are full frame reading glasses that affix to your smartphone by employing a magnet secured with double-stick adhesive. The magnet then anchors to the Connect case, enabling nimble & convenient removal from your phone, laptop or tablet.
Additionally, we are preparing the launch of a new line of sunglasses and a reader wallet.
THE MARKET
About 31% of the Population Needs Reading Glasses
The US reading glasses market is $4 billion dollars and the international market is even broader. (Source)
About 31% of the population needs reading glasses due to age-related farsightedness (Source). Most people who need reading glasses have numerous pairs throughout their environment because they can never find their glasses when they need them.
Creating the Always With You formula has allowed our customers to always know where their glasses are and not experience the worry and embarrassment of not being able to read the menu, the receipt, the price tag, etc.
We continue to innovate with new Always With You products to help solve a need for our customers. ThinOptics are not like other readers; they are exceptionally durable, ultra- light and fabricated with superior engineering and design standards, all enabled with a mobile form factor. We are the #1 branded reading glasses company on Amazon and all of our products are backed by patents and trademarks.
WHY INVEST
Design, Utility, Freedom
We are here to solve a daily problem for tens of millions of people, transforming a commodity product to a life long relationship with proprietary solutions that are now ready to scale.
Our vision is simple…
1. To reach $50 million annual revenue by 2023 and $100 million in 5 years.
2. To position ourselves as the eyewear of design, utility, and freedom.
3. Expand our offering to on demand prescription with better design, cheaper and faster.
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ABOUT
HEADQUARTERS
1620 Carneros Meadows Lane
Sonoma, CA 94536
WEBSITE
View Site
At ThinOptics, we invented the “glasses on your phone” category in the market. By creating light, thin, durable glasses, we strive to create long-standing relationships between our products and customers. In short: We’re Always With You.
TEAM
Gadi Ponte
CEO and CoFounder
Gadi served in senior executive positions at SanDisk & EyeFi, with extensive experience working in China, Korea, Japan, and Taiwan.
In the last seven years, Gadi was part of ThinOptics leadership from inception. Gadi built the scalable WW operations and the engineering of ThinOptics to make flawless shipments to DTC to 125 countries. Gadi created the WW brick and mortar distribution in UK, AU, Canada, and Mexico. He was overseeing the operations, products innovation, and international sales.
In 2018 Gadi was assigned as the company’s president overseeing the operations, product management global sales.
In June 2020, Gadi became the company’s CEO. Since then, the DTC and Amazon business has been improved and scaled so that the business is transforming into a long-term customer relationship.
During his tenure, Gadi invented most of its products and solutions and brought them to life.
Fred Mayerson
Board Member
For the last 35 years, Mr. Mayerson has been involved in ventures focusing on consumer goods, communications, restaurants, toys and juvenile products, outsourcing, and corporate services. Throughout his career he has served on a number of Boards, public and private – including Peloton, Chi-Chi’s Mexican Restaurants, Build-a-Bear Workshop, ITC Telecom (sold to NYSE: Williams Group), Cap Toys (sold to NASDAQ: Hasbro), and others.
Mr. Mayerson also has owned and managed prime office, shopping centers, and retail space and continues to be active in real estate. He was Chairman of United Sports Ventures, an owner of minor league baseball and hockey teams that won six championships. He has co-produced twelve Tony Award winning Broadway musicals and a Pulitzer Prize-Winning drama.
A graduate of the University of Michigan Law School with an undergraduate degree from Miami University, he received a Fellowship to the World Court in The Hague and practiced law in New York City before returning to Cincinnati to begin his business career. He is a member of several professional and charitable organizations, especially those concerning children and education. Mr. Mayerson’s affiliations have included: Director of U.S. Bank Board of Advisors, Trustee of the Mayerson Foundation, Member of The League of American Theatres and Producers, Director of the Robert F. Kennedy Center for Human Rights, and Member of the Advisors of the Korey Stringer Institute of the National Football League. He has run the Montreal Marathon, raced as a licensed NASCAR driver – and continues to enjoy swimming with his dogs.
Blake Kuwahara
Chief Designer
Sam Tramiel
Board Member
James Chiboucas
Board Member
Mr. Chiboucas has 35 years of experience in the real estate and investment industry, including capital raising, finance, acquisitions, dispositions, development, management, and marketing. He has been with KBS since its inception in 1992 and previously with Koll Real Estate Group and The Koll Company since 1988. Mr. Chiboucas has extensive board of director experience, currently serving on three private company boards as well as participating in the five public company boards advised by KBS.
Mr. Chiboucas graduated summa cum laude and Phi Kappa Phi from the University of Southern California with a bachelor’s degree in business and later with a juris doctorate.
Wendy Barnao
VP of Finance & Administration
Wendy has 2 college-aged boys and has spent many years on the Boards of the PTA and Pony Baseball League during their tenure. She has held positions as Treasurer, Vice President and President along the way. Currently, she lives in Morgan Hill, California with her husband of 24 years, father-in-law and 2 sons.
Sabrina Galyen
Director of Digital Marketing
Ramona Smith
Manager, Brand Security & Customer Care
She comes from a strong background that includes community service and leadership through the Washington State Jaycees, where she served as Chapter President as well as several other leadership positions. Her project management proved to be excellent and she received several awards, including National recognition.
Mona holds a degree in Early Childhood Education as well as education in Forensic Psychology. She has continued to seek training and self-education on new and best practices to continue to improve and grow the ThinOptics Customer Service team.