Rick Harper has quite the personality, which may have played a part in Loris decision to invest in him. However he did not let this stop him pursuing the idea. I'm an Economics student who calls Norman, Oklahoma his home. , When Hector Salvidar first started Tia Lupita Foods, he just sold hot sauce. Started in 2017, Techiegamers is now home to over 500,000 visitors every month and has been featured on websites such as the LA Times, Yahoo, MSN and many more. 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. Rick was seeking one hundred fifty thousand dollars in exchange for fifteen percent of his company, a one million dollar valuation. 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. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD. Rick came up with the idea after throwing away countless pairs of his own glasses due to small accidents. Readers can purchase magnetic eyeglasses holders directly from the companys website. Find contact's direct phone number, email address, work history, and more. Some of their bestsellers include the Stainless Steel, Stainless Steel + Swarovski Crystal, Stainless Steel + Swarovski Pearls, Black + Swarovski Crystals, and White + Swarovski Crystals. But he pushed through his jitters and made his business sound enticing enough to lure Mark Cuban in at $150,000 for 30 per cent. The venture was a success, and the rising entrepreneur sold it for a profit. By 2015, they had done over $13 million in sales. Greiner and Hopper projected over $6 Million in sales in 2012. 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. ReadeREST is a magnetic eyeglass holder that uses high-powered magnets to secure a simple eyeglass clip to just about any article of clothing, providing a secure, convenient place to hang eyeglasses without worrying about dropping or losing them. Yes. 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. View Rick Hopper's business profile as Founder at ReadeREST. Some have also found that the paint chips easily. Readerest is a popular item on QVC and is often sold out. As of 2023, Readerest is still going strong. The entrepreneur, Rick Hopper, asked for $150,000 in exchange for 15% equity. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. ReadeREST makes around $5 million in annual revenue according to Sharktankblog.com. The magnetic eyeglass holder was a simple and ingenious solution to an age-old problem. Woloo Net Worth 2023 Update (Before & After Shark Tank India), Alexiou Gibsons Net Worth in 2023 Shark Tank Sea Moss Gel Founders Success Story, Trey Browns Net Worth: Quick Facts about Spergos Owner, Grace and Manuel Rojass Net Worth: Quick Facts about Foam Party Hats Owner, Maneesh Sethis Net Worth: Quick Facts about Pavloks Owner, Natalie Holloway and Max Kislevitzs Net Worth: Quick Facts about Bala Bangless Owner, Window-and-door installer, Dept. I create things. 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 a child, Rick enjoyed building monoliths using Lincoln Logs and Erector sets, which he continued into adulthood, starting a career in window paneling and creating furniture for his family in his free time. View ReadeREST (www.readerest.com) location in Texas, United States , revenue, industry and description. The product worked perfectly for what it was: he never lost or dropped his glasses again. The process involves placing an online order and paying for the product. Originally, Hopper asked for $150,000 . Net Worth of Readerest. Saving arguments about the valuation for later, the sharks asked if he had a patent, followed by some brief confusion. But it wasn't long before Corcoran was changing her tune, and she saw the potential for big business, eventually offering them $50,000 for 50 per cent. An appearance on Shark Tank guarantees that millions of people will learn about each business that appears on it. For those who are interested, you can check out their official website here. if (d.getElementById(id)) return; Thus, with the money he made from his first startup, he fine-tuned his magnetic eyeglass holder, and ReadeREST was launched in 2011. Get Rick Hopper's email address (r*****@readerest.com) and phone number (714-240-..) at RocketReach. Yes. Rick Hopper Net Worth Rick Hopper Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. That hasn't hurt PlateTopper's phenomenal success. Lori took things in another direction. While Rick Hopper didnt get a pre-show segment on Shark Tank, he filled in the gaps in an August 2015 interview with Startup Dallas. His little invention slowly became a real product and business. Most importantly, it's made in America. Lets remind ourselves of this nifty little gadget and take a look at how the company is faring in 2021. Readerest reading glasses are loaded with technology to provide the ultimate protection and comfort for your eyes. The company is still in business in 2021 and has maintained an estimated net worth of around $2.5 million. Crank (2006)as Camera and Electrical Department, Underworld: Evolution (2006)as Camera and Electrical Department, The Dentist (1996)as Camera and Electrical Department, Reeker (2005)as Camera and Electrical Department, Your email address will not be published. Readerest's Net Worth. Kevin O'Leary must be kicking himself, at least a little bit, for his lack of imagination on this one. According to Rick, ReadeREST solves problems for the. 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. His first invention was a windsail to slow his skateboard down when going downhill. It is currently in 1000s of retail outlets across the country, and Krause is now working with Greiner on new product lines including scrub blocks. ReadeREST is a clever invention its a magnetic clip that holds eyeglasses when attached to a shirt. Nevertheless, Lori Greiner wasnt afraid to make an offer. The business is still thriving but the hype around the product has faded slightly. The price is $29 for one pair of eyeglass 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. 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. Today, the ReadeREST can be purchased online, but they are also sold in many retail stores that deal in eyeglasses. This offer caused Mark Cuban to withdraw from the deal. This article originally appeared on Business Insider. Currently, all of the products are sold out on their website. 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. ReadeREST got featured on Shark Tank America in February 2012. After the show, Greiner promoted Readerest on QVC, and it sold out within five minutes. Blue Light Blocking Eyewear . I believe that all people have great potential, and I enjoy finding ways to harness this. Now that's one heck of a return on investment! John has been a long-time Shark Tank fan. Richalso did some carpentry work part-time to provide for his family. After appearing on Shark Tank, Greiner helped Hopper secure manufacturing for ReadeREST and put the product on QVC, where it sold out in five minutes. Some people were understandably skeptical about the product at first but quickly realized how effective it was. In 2011, the company launched a self-titled restaurant in Alexandria, Va. and presented at the 2012 World Business Forum. It was enough to solidify a deal with Mark Cuban, who seems to have a decent sense of humour. The clever few who've landed the coveted golden handshake see rewards that don't just come in the form of invaluable business partnerships after the show. What Happened To LavaBox Portable Campfire After Shark Tank? also read: Alexiou Gibsons Net Worth in 2023 Shark Tank Sea Moss Gel Founders Success Story, 2023 Geeksaroundglobe Powered by | All Rights Reserved. It's been featured on QVC a number of times, selling out in every instance, the first appearance taking less than six minutes to do so. The ReadeREST (also called SpecSecure) has appeared several times on QVC. 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 first time, $100,000 worth was sold in five minutes. Laguna Beach CA 92651 To date, Rick has sold over $1.4 million dollars worth of his Readerest. Rick noticed that there was a demand for this kind of product. 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. Shark Tank Appearance Did it Go Through. He piqued the interest of a number of sharks, who started a bidding war for the product and set a record for the length of time he spent on set - two hours - through the brow-mopping tension of negotiations. The Primetime exposure can lead to $1 million in sales within 48-hours of viewing. 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. ReadeREST is still a successful product that has become invaluable to those who wear glasses. The companys business model is direct selling as they sell their products directly to consumers through their website. Rick tells stories of annual trips to replace the previous years worn out pair of sneakers, working with his hands, and never getting a college degree. You can find the SpecSecure product in stores all over the country and on Amazon. 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. He discussed his progress, mentioning that he had made almost $65,000 in sales and produced over 100,000 eyeglass holders by hand. He went on to pitch his product, explaining the frustration of those who carry their glasses around often damaging them. The inventor of ReadeREST, Rick Hopper of Orange County, California, pitched his $1. It is one of Shark Tanks biggest success stories. As of 2022, the company is worth an estimated $5 million. Readerest currently employs 14 in a 6,000 sq/ft building and the product is sold in over 6,000 stores, while Hopper recently sat down for deal opportunities with Wal-Mart, Ace Hardware and Walgreens. In the follow-up, he revealed that theyve sold more than $1.4 million dollars worth of products since their initial appearance. What Happened To Halloween Moments After Shark Tank? In Season 3 Episode 6,, Rick Hopper appeared on Shark Tank seeking $150,000 for 15% of his magnetic eyeglass holder, Readerest. Their 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. 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. Perry appeared in the tank in 2012, and quickly won over Robert Herjavec, who offered $175,000 for 20 per cent. He got the recipe from his mother and, Kayla Lupean got the idea for Play Maysie Dollhouses on Christmas Day, 2020 when she saw her daughter playing with, By the time Honey Bunchies Bars entrepreneur Kendra Bennett pitches her healthy snack bars in Shark Tank episode 14, Charisse and Vicky Pasche initially created Dapper Boy clothing to express a sense of pride in the LGBTQ lifestyle., BuggyBeds Net Worth 2023 - What Happened After Shark Tank? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Email: [emailprotected] Type above and press Enter to search. Rick disliked the hassle of reading glasses, and his first prototype of a bent paper clip and magnets was a hit, keeping his glasses secure even after he injured his shoulder in a fall on an electric skateboard. As of 2023, Readerest is worth $4-5 million. Final Deal: Rick Hopper walked out of the Shark Tank stage with a deal from Lori Greiner of a $150,000 investment for a 65% stake in ReadeREST. Revenue doubled over the next year and as of 2013 was nearing the $1.5 million mark. However, most businesses require an investment in an idea and initial inventory. Hopper outsourced the manufacturing to help scale the business. . 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. Not only that but they also began selling reading glasses. Not to be defeated, he hopped onto his feet and launched his pitch.

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