At least not yet, according to popular online eyeglass retailer Warby Parker. While the five-year-old private company, which makes $100 frames with bookish East Egg names like Percey, Bensen, and Fillmore, says it's not yet profitable, it did recently raise a fresh round of capital, led by T. Rowe Price, of $100 million.
Though Warby Parker declined to comment on its valuation, The Wall Street Journal reports that the company's value may now top $1 billion. Breaking the 1-billion dollar mark before going public isn't easy to do for online retail startups — only a handful have successfully.
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