CG: Warby Parker Co-Founder David Gilboa Joins Industry Focus
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 14 February 2017
⏱️ 29 minutes
🧾️ Download transcript
Summary
Dave was just a business school student when he and his friends decided to start an eyewear company that would eventually revamp the entire industry. Now serving as co-CEO of Warby Parker, he shares his story and offers some insight into the state of retail.
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Transcript
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| 0:00.0 | Thanks to Audible for supporting the Motley Fool and Industry Focused. |
| 0:03.1 | Check out audible.com slash fool to get a free audiobook with a 30 day free trial. |
| 0:07.8 | Again that is Audible. |
| 0:08.8 | Com slash Fool. |
| 0:10.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:17.0 | I am your host Vincent Chen and it is Tuesday, February 14th. |
| 0:20.0 | Fools, I have a really special show in store for you. |
| 0:23.4 | Last week I was able to spend some time chatting with David Gilboa, co-founder and co-cee. |
| 0:28.0 | At Warby Parker, the fast-growing Iower company that in a few short years has been an incredible |
| 0:32.4 | brand and the company has done that |
| 0:34.0 | really by giving consumers more choices, better prices, and overall by |
| 0:38.2 | challenging the status quo in an industry that has traditionally been |
| 0:41.3 | dominated by just one company. |
| 0:43.7 | Now for any fools listening who are not familiar with Warby Park or even those who are currently |
| 0:48.2 | wearing their glasses but have not heard this before, the story of how the company was |
| 0:51.6 | found is really special. Here's David on |
| 0:53.7 | the inspiration behind Warby Parker in the earliest days of the company. I started Warby |
| 0:58.4 | Parker along with my three co-founders in February of 2010. We were all classmates at business school. We met at |
| 1:06.5 | Wharton and we really started the company to solve our own problems. So I had been working in consulting and finance for a few years and then decided to go back to school |
| 1:18.6 | to get a graduate degree and took up a few months off to travel and was back back around Southeast Asia and I happened to lose my only pair of prescription glasses. |
| 1:28.6 | They cost me $700. |
| 1:30.6 | I left him on a plane and the whole time I've been backpacking I didn't have a phone. |
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