This company was established in 2018 and started selling its product at the end of 2018. Not only do they come with spring-loaded hinges, which are both more comfortable and durable, but the lenses are also scratch resistant and coated with a layer of UV protection. . by 2Paragraphs in Business Spotlight, Shark Tank | August 30, 2017. Rick Hopper and ReadeRest are the subject of tonight's follow up segment on The Shark Tank. Continue with Recommended Cookies. Immediately after airing on the show, Costco called to inquire about stocking the companys products, while NASCAR teams approached the business about partnership opportunities, and Country singer George Strait requested that the company sponsor his upcoming concert tour. As of 2021, ReadeREST is still in business and has an estimated net worth of around $2.5 million. Now that an offer was on the table, Robert spoke up. In an effort to decrease the numbers of frustrated students quitting before they got the hang of it, he developed ChordBuddy, a simple device that mounts to the guitar and allows the player to work on right hand rhythm patterns until they've learned the chords on their own. Shes been around the block as a businesswoman with her own show on the home shopping network QVC, and she didnt see Rick as a natural salesman. Whether you are an entrepreneur looking for inspiration or just curious about the story behind Readerest, there are always lessons to be learned from successful individuals like Rick Hopper With a commitment to innovation, sustainability, and philanthropy, Hopper is a true inspiration for entrepreneurs everywhere. He landed his first job at Home Depot as a department supervisor and pro sales trainer. 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. And, naturally, the company has won a number of barbecue competitions, including the 2012 Sam's Club National BBQ Tour. He went on to pitch his product, explaining the frustration of those who carry their glasses around often damaging them. Mostly, they marveled at the ability of one person to take a piece of metal with two magnets and net such a large investment. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. It's happened to many fans of the show, no doubt, given the fact 500+ business ideas have been showcased in the tank over five seasons. Its small, unobtrusive and serves as a hook for your glasses when they are not on your head. Greiner offered him the $150k but she wanted 65% because she already knew she could sell these by the thousands with her connections. Nelson, a South Carolina baker with a back-pocket full of old family recipes, had parlayed her skills into a popular mail-order cake business. Hopper also outsourced the manufacturing to help scale the business. Owners Dallas Robinson and Mike Buonomo got a deal of $200,000 for Cuban's 40 per cent stake in the company. So it's a spectacular feat for those that come out of the tank with all the limbs of their business intact, to shake hands with business gurus like Barbara Corcoran, Daymond John or Mark Cuban. Rick Hopper, Founder of SpecSecure by ReadeREST KIRK: My Shark Tank Predictions start with Rick Hopper, Founder of ReadeREST, The company that manufacturers SpecSecure. ReadeREST Net Worth 2021 What Happened After Shark Tank, FFTOB Net Worth 2021 What Happened After Shark Tank, Mobcraft Net Worth 2021 What Happened After Shark Tank. The only drawback is that some of the decorations (e.g. Inclusive of all her products, Lori Greiner points to a 90% success rate. ReadeREST is one of Shark Tanks biggest success stories. Get Rick Hopper's email address (r*****@readerest.com) and phone number (714-240-..) at RocketReach. The price is $29 for one pair of eyeglass holders. What Happened To Readerest After Shark Tank? Hopper has more inventions up his sleeve. The pitch that looked like it was drowning ended up swimming past most of the competition. -SPONSORED- Still, the general consensus on the ReadeRest is positive. ReadeREST is still a successful product that has become invaluable to those who wear glasses. How many times have you watched an episode of Shark Tank and pondered that question, while some guy in updated camouflage or a girl with a cat toilet pitches the prac. Coffee Meets Bagel Net Worth 2023 Is the, Diana and Roma Net Worth 2023: How Rich are the, Hajime No Ippo Season 4 Latest Release Date, BuggyBeds Net Worth 2023 What Happened After, Coconut Girl Net Worth 2023 What Happened, Top 20 Richest YouTubers Updated for 2023, Top 10 Most Successful Shark Tank Products, What Happened to Erik Per Sullivan? As a result, its safe to say that the companys net worth has increased significantly since the Shark Tank pitch, which was valued at $1 million. Since the show aired the company went from $100,000 in lifetime sales to just under a million in a few months, with sales of $1.5 million in 2011, on track for triple that in 2014. As he is known to do, Daymond put Rick on the spot. Not to be attempted in an actual shark tank, obviously. Rick took a while to think and eventually accepted Lori's deal of $$150,000 for a 65% stake in ReadeREST. Hopper couldn't be more thrilled; as an entrepreneur and inventor since the age of 13, his experiments to find a way to hold his reading glasses on his shirt have since proven the most lucrative. . Yes, Readerest is still in business as of 2023. THE INVENTOR The product comes in seven sizes ranging from XS to XXL. However, they do go on sale every now and then. Yes. casinomir, Rick Hoppers Net Worth: Quick Facts about Readerests Owner, Frank Westons Net Worth: Quick Facts about InstaFires Owner, John De Smiths Net Worth: Quick Facts about Storm Stoppers Owner, Sippline Drinking Shield Net Worth 2023 Update (Before & After Shark Tank India), How LED Grow Lights Help You Achieve Greener and Lusher Results Indoors. Rick Hopper essentially handed the reins of ReadeRest over to Greiner when he agreed to a $150,000 investment in exchange for 65% of the company in Season 3, but it turned his little one-man. The product later became available in Ace Hardware, Walmart, and Bed Bath & Beyond. ReadeRESTs founder, Rick Hopper, has a net worth of 1.75 Million USD as of 2023. Save my name, email, and website in this browser for the next time I comment. Below is a list of ten of the most successful pitches to date. Rick Hopper was asking for $150,000 for 15% equity of his business. moments on the show with inventor Aaron Krause's bright happy-faced pitch for his product, Scrub Daddy. With the help of Lori Greiner, Rick was able to take the company out of his garage and secure manufacturing for the Readerest, which led to a substantial increase in production and distribution. Since no other sharks had expressed interest, he lacked negotiating power. Rick was still making them by hand when his friends begged him to look into Shark Tank. Readerest Net Worth During the Shark Tank pitch, Rick Hopper mentioned that his company, Readerest, was valued at $1 million. While sometimes the business tycoons in the comfy chairs (aka: the Sharks) take the bait, often times they will rip a newbie entrepreneur to bits, shredding ineffective sales pitches, marketing plans or crummy products to bloody lifeless pulps. They even stayed secure when he took a fall on an electric skateboard and broke his shoulder. Companies that sell online have fewer chances of being scammed as they can be held accountable by the customer if their product doesnt live up to the companys standard. This article originally appeared on Business Insider. To Daymond, this was too much risk. Dewey from Malcolm in the Middle. And new ReadeREST designs feature flowers, hearts and wings, Swarovski crystals, and pairs of sunglasses. Unfortunately, he ran out of inventory and needed an investment from the sharks to take ReadeREST into mass production. In short, he wanted a strategic partner. It's superb versatility and infomercial-type pitch from Krause was a clincher for Lori Greiner who fought off Kevin O'Leary and Daymond John with a negotiated offer of $200,000 for 20 per cent. We cant wait to see the future for ReadeREST and its continued success. ZipZ Wine: Shark Tank Update After the Show, Shark Tank Products (Complete List of Over 1300 Pitches), Common Questions the Shark Tank Judges Ask, Dapper Boi: Shark Tank Update After the Show, Play Maysie: Shark Tank Update After the Show, Tia Lupita Foods: Shark Tank Update After the Show, Honey Bunchies: Shark Tank Update After the Show. Lewisville, TX, US View. She enjoys laid back island living, crossword puzzles that aren't too hard, and gardening. Revenue doubled over the next year and as of 2013 was nearing the $1.5 million mark. As a music teacher for over 30 years, Travis Perry knew a thing or two about the challenges kids faced when learning chords on the guitar. I create things. Ive been designing little things since I was thirteen years-old, he agrees. Her product was such an instant success she found it difficult to keep up with the orders and appeared in the tank in 2012. The product was pitched on Shark Tank in 2012 by entrepreneur Rick Hopper, who asked for $150,000 in exchange for 15% equity. As of 2023, Readerest is worth $4-5 million. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. In 2012, ReadeREST was getting so many orders that Rick Hopper couldnt keep up. For those who didn't watch the episode, Rick Hopper, the founder of ReadeREST secured a deal with investor Lori Greiner. Not to be defeated, he hopped onto his feet and launched his pitch. Rick launched into another round of Would you consider? with the only shark remaining, grasping for a few more points of equity, but to no avail. The entrepreneur, Rick Hopper, asked for $150,000 in exchange for 15% equity. A sponge company has far and away become the biggest "Shark Tank" success story. Readerest is a Product made to hold eyeglasses by a magnetic clip, It is one of the most successful products to come out of the hit TV show Shark Tank, and its founder is Rick Hopper. Readerest has expanded its offerings to include reading glasses and now offers four varieties of glasses holders: one in stainless steel, one in black, one with Swarovski-brand crystals, and one with Swarovski-brand pearls. The company is still going strong, and sales have continued to go up over the past years. The Primetime exposure can lead to $1 million in sales within 48-hours of viewing. This sexy lip balm sold the chemistry factor after encouraging a demo smooch between Corcoran and Mr. ReadeREST got featured on Shark Tank America in February 2012. Another magnetic eyeglass holder named Spexwear and Magneglasses is the primary rival. Subscribe to Well Adjusted, our. You simply attach one side to the inside of your shirt, and the other on the outside. She immediately declined. These efforts paid off as the company generated annual revenue of $5 million in 2021. Get 5 free searches. SharkTankSuccess.com is in no way affiliated or endorsed by ABC, Sony, the producers or any other company associated with the television show, Shark Tank. Supervisor or Pro Sales Trainer at the Home Depot and Founder of TrimQuick. What Kevin OLeary Well, it can get ugly in the Shark Tank. How many times have you watched an episode of Shark Tank and pondered that question, while some guy in updated camouflage or a girl with a cat toilet pitches the practical applications of their products? What Happened To Halloween Moments After Shark Tank? Lori was truly his last chance. Instead of focusing on his high potential sales that were prevented by the production bottleneck, he compared Ricks valuation of ReadeREST to the cost of the patent itself. Rick Harper entered the Shark Tank with a feigned stumble as an illustration of what happens to people who are not wearing their glasses. [27 Favorite Shark Tank Products at Amazon The List], Grip Clean What Happened To Soap After $85,000 Shark Tank Deal, 2012-2023, 2paragraphs Productions, LLC, 27 Favorite Shark Tank Products at Amazon The List. Carrying this into adulthood, he began working in window paneling and spent his time-off building furniture for his young family. Most importantly, it's made in America. The inventor of ReadeREST, Rick Hopper of Orange County, California, pitched his $1. About the Founder Rick Hopper was raised in Anaheim, California, before moving to Fullerton. Show More. Four of the Sharks dismissed the idea s too simple, and didnt choose to invest in an idea they simply didnt regard as big enough. Since appearing on Shark Tank, ReadeREST has experienced tremendous growth and success. To date, Rick has sold over $1.4 million dollars worth of his Readerest. Amazingly, when it was all said and done, Tseng walked away without a deal. He hails from Anaheim, California. Lori Greiner made a deal with Hopper, offering him $150,000 for 65% equity. Readerest. What Happened To Bleni Blends After Shark Tank? Shark Tank Appearance Did it Go Through. He took a fall on the edge of the carpet. The purposes of ReadeREST are preservation of the users favorite glasses, convenience, and simplicity. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD. Readerest company valuation was $1 million during their Shark Tank appearance and sold over $3 million worth of products after the episode aired and produced over 100,000 holders by hand before the establishment. After some consideration, Rick harper accepted an offer for all of the money at 65% equity. The process involves placing an online order and paying for the product. also read: Alexiou Gibsons Net Worth in 2023 Shark Tank Sea Moss Gel Founders Success Story, 2023 Geeksaroundglobe Powered by | All Rights Reserved. Rick Hoppers net worth is 1.75 million USD as of 2023. In this article, well take a closer look at the quick facts you need to know about Rick Hopper and his journey to building a $5 million empire of ReadRest. Since the show aired, they now sell glasses and four varieties of glasses holders. She's also been able to diversify her portfolio of clients from big-box stores to specializing in corporate gifting with Fortune 500 companies across the country. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD. The net worth of ReadeREST is a little above $10 million as of 2023. . Find related and similar companies as well as employees by title and much more. After days of researching and comparing all models on the market 2021 , JohnHarvards find Best Readerest Net Worth of April 2023. Some have also found that the paint chips easily. Many have also commented that its well-designed; the magnets are super strong and the backing is sturdy. 1 . Tiffany appeared on the show in 2009, and although she didn't have a patent yet for her medicine dispenser - much to Kevin O'Leary's disgust - Barbara Corcoran stepped up and made a deal with the feisty entrepreneur of $50,000 for 50 per cent. Still, its striking how the smallest negotiating tactics in the tank can make a difference of millions. They predicted sales of over $6 million after the product aired and sold out in just five minutes. Some people were understandably skeptical about the product at first but quickly realized how effective it was. It worked, so he took it everywhere he went. The cleaning product changes firmness depending on the temperature of the water to tackle any cleaning task you can think of around the house. As of 2023, ReadeREST is worth $4 million. One million against five thousand. Customers can contact the company directly through their website or email. AVA the Elephant is currently sold in over 10,000 retail outlets including giant drug store chains CVS and Walgreens, and available in 10 countries. Readerest is a patented product made with "high-grade" magnets, stainless steel, and a cutting edge design, making it both strong and light-weight. We and our partners use cookies to Store and/or access information on a device. Take it or leave it. At his breaking point, Rick did admit that even thirty-five percent of what could be a ten million dollar company is exciting. Ive been a long-time Shark Tank fan and love the show because Im an entrepreneur at heart. An average Shark Tank appearance doubles or even triples a companys sales. Greiner and Hopper projected over $6 Million in sales in 2012. With $140,000 in orders she needed to fill and merchandise already available in Neiman Marcus, as well as a $2 million deal with Sam's Club that she had to walk away from, Thomas needed help, fast. Whether you're looking for readers to use daily or in specific occasions you can rely on Readerest glasses to give you premium protection and functionality. Readerest customers are mostly eyeglass wearers who dont want to misplace or damage their eyeglasses while they are working out or running errands around the neighborhood. They've since added five other products, including an all-purpose spice rub, and today their products can be found in more than 3,500 stores in U.S., Europe and Canada. About Rick Hopper Rick Hopper is the man behind ReadeREST. Net Worth of Readerest. He also wanted to show the panel that his glasseswhich were attached to the ReadeREST on his shirthad not fallen off or gotten damage during the fall. fjs.parentNode.insertBefore(js, fjs); The company valuation was $1 million during the Shark Tank pitch and the company had made a lot of sales since that time which means the net of the company has increased. He loves the show because he's an entrepreneur at heart. In fact, theyre discounted to $11.99 at the time of this writing. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Email: [emailprotected] Lori Greiner made a prompt offer of $150,000 for 65% ownership of the company. ReadeREST is a prime example of this, as it has continued to grow and expand since its appearance on the show. Today, it brings in $5 million annually. According to Rick, ReadeREST solves problems for the everyday consumer, like dropping glasses in the toilet, stretching out collars, and ugly granny chains. He didnt intend to sell it until some friends expressed interest, after which he sold sixty-five thousand dollars of product in test markets. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. As of today, Tower Paddle Boards are now available in 40+ countries. Today, the ReadeREST can be purchased online, but they are also sold in many retail stores that deal in eyeglasses. The cost of starting a business depends on the companys business model. The product is still on the market and has maintained its value over the years. What Happened To Ice Cream Canteen After Shark Tank. casinomir, ReadeREST Net Worth 2023 Update (Before & After Shark Tank), Esso Watches Net Worth 2023 Update (Before & After Shark Tank), The Painted Pretzel Net Worth 2023 Update (Before & After Shark Tank), Sippline Drinking Shield Net Worth 2023 Update (Before & After Shark Tank India), How LED Grow Lights Help You Achieve Greener and Lusher Results Indoors. Rick Hopper was raised in Anaheim, California, before moving to Fullerton. Blog [ January 26, 2023 ] . Growing up, he didnt receive any formal education, but he loved to tinker with different things in his home. After much consideration, Hopper accepted a $150,000 investment from Lori Greiner in exchange for 65 percent equity. pearls, crystals) tend to fall off after a while. ReadeREST SpecSecure: Shark Tank Update After the Show. The first time, $100,000 worth was sold in five minutes. Readers can purchase magnetic eyeglasses holders directly from the companys website. Somewhere along the way, I also realized the importance of balancing work with hobbies, excercise and personal development. The deal was worth it, to say the least. NAICS Code 42,423. 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). The piece of scrap metal used as a back piece became a powerful neodymium magnet. Hopper was seeking $150K for a 15% share in the business. The product worked perfectly for what it was: he never lost or dropped his glasses again. She doesn't enjoy the fact that Will is no longer on The Good Wife, or the relentless temptation that comes with having to walk by a candy shop every day on her way home from work. Today, it brings in $5 million annually. The Sharks' first inquiry concerned whether Rick had obtained a patent on ReadeREST. And who could forget another one of those "Why didn't I think of that?" Despite giving away a huge chunk of equity, Rick Hopper became a millionaire and ReadeREST is rated as one of Shark Tanks most successful products. It seems this simple idea has become invaluable to those who wear glasses (even those who wear sunglasses). People are wondering what happened since then, if the ReadeREST product is still on the market and how it has maintained an estimated net worth of around $2.5 Million. The paper clip became stainless steel. On the ReadeREST blog he mentions hisHang Track, whichkeeps clean clothes from falling off your door trim onto the floor (video below), and Did-It, which is a patented product made to help people manage their medications, among others. -SPONSORED- One of the smallest products featured on Shark Tank, ReadeREST inventor, Rick Harper, pitched the idea over 10 years ago. Aarstol is an example for all future entrepreneurs to the show: even if you get in trouble in the tank you can still keep the sharks at bay - in the best way - with a little determination and refusal to be defeated. Along with sales, having a proprietary and differentiated product is one of the keys to success in the tank. Greiner reassured Hopper that she would make him a millionaire. The venture was a success, and the rising entrepreneur sold it for a profit. Blessed with perfect vision for most of his life, as he got older, Rick didnt like dealing with the hassle of reading glasses. The product made $65,000 after a test launch. Rick noticed that there was a demand for this kind of product. Readerest is a Product made to hold eyeglasses by a magnetic clip, It is one of the most successful products to come out of the hit TV show Shark Tank, and its founder is Rick Hopper. In 2012, Hopper landed a spot on Season 3, Episode 6 of ABCs show Shark Tank, resulting in a deal with Lori Greiner. After his window business failed in the late 2000s, Rick developed Readerest as his second attempt to commercialize his creativity. if (d.getElementById(id)) return; ReadeREST is one of Shark Tanks biggest success stories, with $1.4 million in sales within six months of appearing on the show. The creators came up with the flavoured duo stick lip-balm after their time in University saw them honing their make-out skills. The first question the Sharks had revolved around whether Rick had secured a patent for ReadeREST. Lori Greiner Makes the ReadeREST A Huge Success Previously he was gluing every magnet in his garage! Too graphic? The sharks were skeptical when founders Heath Hall and Brett Thompson stepped into the tank in 2009 with their BBQ sauce and tempted the sharks with the announcement that they had 10,000 units ready to go. att.net; landstarcontainer.com; 1 904891XXXX; Rick Hopper Human Resources Director . She proposed $150,000 for 65%, and Hopper accepted after taking his time to consider it. During the Shark Tank pitch, Rick Hopper mentioned that his company, Readerest, was valued at $1 million. It was enough to solidify a deal with Mark Cuban, who seems to have a decent sense of humour. Rick Hopper's Readerest eyeglass holder, formerly called as Eyeglass Holders, has numerous rivals. Readerest reading glasses are loaded with technology to provide the ultimate protection and comfort for your eyes. Friends began asking where they could buy the ReadeREST, and Rick took this as his opportunity. Needless to say, theyre quite successful. Im Aidan Lehane, and about 5 years ago I quit the rat race and set out on a mission to create passive income online. He needed help with manufacturing and distributing. Prior to appearing on the show, Hopper's product revenue was somewhere around the $65,000 mark. - Techie + Gamers, Shark Tank Scam: Americans Still Believe Weight Loss Scam. Readerest's Net Worth. Starting a business will cost money but not as much as one would think. Not only that but they also began selling reading glasses. . Top ReadeREST Employees Rick Hopper Founder. An average Shark Tank appearance doubles or even triples a companys sales. The Sharks got hesitant when Rick stated he acquired the patent for $5,000 from the original owner. Customers can buy the product directly from the company website. If you want to know more about finding the perfect product for you, including our expert's tips and tricks, read this article . His show only aired a few weeks ago, but the Readerest has been such a success, the producers were compelled to air an update. Not that it matters to the 8 million viewers tuning in every week to watch what happens in front of the cameras for the 0.4 % of applicants that actually make it through the audition rounds for a spot on air. 1968 S. Coast Hwy #675 The magnetic eyeglass holder was a simple and ingenious solution to an age-old problem. Long-time viewers of the show will no doubt remember this adorable pitch by young mom Tiffany Krumins. He discussed his progress, mentioning that he had made almost $65,000 in sales and produced over 100,000 eyeglass holders by hand. And they were right. Lori asked for a much larger equity than what was being offered. 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. Rick Harper, the inventor of ReadeREST, appeared on Shark Tank in 2011 and asked for $150,000 in exchange for a 15% equity share in the business, presenting ReadeREST as a $1 million valuation. Rick stumbled into the Shark Tank literally. People who saw it often asked what it was and how they could get it. Not bad considering the low overheads of manufacturing them! "Why didn't I come up with that?" Rick Hopper - Founder @ Readerest - Crunchbase Person Profile Person Rick Hopper Overview Number of Founded Organizations 1 CB Rank (Person) 283,037 Primary Job Title Founder Primary Organization Readerest Location Lewisville, Texas, United States Regions Dallas/Fort Worth Metroplex, Southern US Gender Male LinkedIn View on LinkedIn It has a net worth of around 5 Million USD as of 2023. A year after closing the deal with Lori, ReadeREST earned $1.4 million in revenue. ReadeRest has made Rick Hopper a millionaire. The company has also signed their own spokesperson, country star John Rich, from the duo Big & Rich. The great sales success can also be owed to the popularity of Greiner's QVC show. The company offers clip-on magnetic eyeglasses holders that can be attached to clothing. An appearance on Shark Tank guarantees that millions of people will learn about each business that appears on it.

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