ReadeREST is a U.S.-based company that produces a magnetic eyeglass holder, also called ReadeREST. He hails from Anaheim, California. He dove into 'Shark Tank,' emerged richer man Rick also seemed happy with the deal, saying When Lori looked right into my eyes and said Im going to make you a millionaire, I believed her! Although he wanted to keep more than thirty-five percent of the company, it seemed like a win. As he is known to do, Daymond put Rick on the spot. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Shark Tank Success Shark Tank ReadeREST SpecSecure: Shark Tank Update After the Show. Rick Hopper - Founder - ReadeREST | LinkedIn Rick Hopper Committed to Fun Lewisville, Texas, United States 897 followers 500+ connections Join to view profile ReadeREST No formal education. Since that time, the company has made significant strides in terms of sales, and this has led to an increase in the net worth of the company. A fresh take on sports: the biggest news and most entertaining lists. Specsecure by ReadeREST - Shark Tank Blog And who could forget another one of those "Why didn't I think of that?" Hoppers contribution to the world of business and venture capital is remarkable, and he will continue to lead the way for many aspiring entrepreneurs in the future. Lets remind ourselves of this nifty little gadget and take a look at how the company is faring in 2021. Finally, Rick Hopper and Lori Greiner agreed on $150,000 for a 65% ownership of the company. If you want to know more about finding the perfect product for you, including our expert's tips and tricks, read this article . The founder, Rick Hopper, started using readers after turning 40 and began habitually losing, scratching, and dropping his glasses. According to Rick, ReadeREST solves problems for the. Saving arguments about the valuation for later, the sharks asked if he had a patent, followed by some brief confusion. Lori Greiner Makes the ReadeREST A Huge Success *Amazon and the Amazon logo are trademarks of Amazon.com, Inc., or its affiliates. The inventor of ReadeREST, Rick Hopper of Orange County, California, pitched his $1.4 million business on Shark Tank in 2012. att.net; landstarcontainer.com; 1 904891XXXX; Rick Hopper Human Resources Director . Unfortunately, he ran out of inventory and needed an investment from the sharks to take ReadeREST into mass production. The current net worth of the company is around $4 million. fjs.parentNode.insertBefore(js, fjs); In exchange for investment from Shark Tank, they will get their business launched and expand their prospects for further growth. He took a fall on the edge of the carpet. Im a little gun-shy in giving up total controlling interest in the company without a complete buyout option, with royalties he offered. ReadeREST: Shark Tank Updates in 2020 - An Insignia SEO Agency Since the show aired, they now sell glasses and four varieties of glasses holders. As of 2023, Readerest is still going strong. Prior to appearing in the Shark Tank, Rick had sold around $65K worth of product and had made over 100,000 of the eyeglass holders by hand. Since airing on the show in 2012, the product has rocketed from $100,000 in sales to $18 million. In 2012, Hopper landed a spot on Season 3, Episode 6 of ABCs show Shark Tank, resulting in a deal with Lori Greiner. Her son is no doubt inspired and proud of this gutsy mom! What Happened To LavaBox Portable Campfire After Shark Tank? From a young age, he constructed monoliths with Lincoln Logs and ERECTOR sets. What Happened To Bleni Blends After Shark Tank? Thus, with the money he made from his first startup, he fine-tuned his magnetic eyeglass holder, and ReadeREST was launched in 2011. 3 Readerest - $8 million One of the more memorable and enigmatic pitchers to the show, Rick Hopper tripped his way onto the set to demonstrate his product Readerest (formerly SpecSecure). Is The Readerest Shark Tank Still In Business? Inclusive of all her products, Lori Greiner points to a 90% success rate. Readerest - Wikipedia In Season 3 Episode 6,, Rick Hopper appeared on Shark Tank seeking $150,000 for 15% of his magnetic eyeglass holder, Readerest. Not to be attempted in an actual shark tank, obviously. Readerest - Crunchbase Company Profile & Funding Type above and press Enter to search. js = d.createElement(s); js.id = id; I'm an Economics student who calls Norman, Oklahoma his home. Amazingly, when it was all said and done, Tseng walked away without a deal. Top Competitors of ReadeREST. Hopper has more inventions up his sleeve. After some negotiation, he accepted an offer from Lori Greiner for all of the money at 65% equity. However, most of the Sharks didnt see the potential of his invention. In exchange for her one hundred fifty thousand, she needed sixty-five percent of his company. While their first year's revenue by the time the show aired was a measly $5000, the sauce has been bringing home the bacon since, with roughly $4 million in annual sales. 3 . 1968 S. Coast Hwy #675 ReadeREST Net Worth 2023 What Happened After Shark Tank? Reader Rest rerun from Season 3, Episode 302 Update. if (d.getElementById(id)) return; The company brings in $5 million annually. The entrepreneur, Rick Hopper, asked for $150,000 in exchange for 15% equity. The company is still in business in 2021 and has maintained an estimated net worth of around $2.5 million.
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