The storage device, known as PlateTopper, is a plastic, storage container-meets-suction device that keeps itself fastened to a plate and makes storing leftovers more convenient. ReadeREST is a magnetic eyeglass holder that appeared on Shark Tank in Season 3, Episode 6. This product is a brilliant idea for a target market that is made possible by the use of a neodymium magnet, which is a powerful magnet. Squatty Potty Bobby Edwards was successfully able to pitch his company Squatty Potty to the sharks and land $350,000 in investment capital from Griener and fellow shark Kevin O'Leary. After some consideration, Rick harper accepted an offer for all of the money at 65% equity. After his window business failed in the late 2000s, Rick developed Readerest as his second attempt to commercialize his creativity. And Barbara Corcoran took a bite out of the businessmen with a quip that Hall would suit a pig costume. Rick stumbled into the Shark Tank literally. ReadeREST is a massive winner for both Rick Hopper and Shark Tank's Lori Greiner. He expects to bring in up to $6 million in sales by the end of. Get Rick Hopper's email address (r*****@readerest.com) and phone number (714-240-..) at RocketReach. 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 ReadeREST's founder, Rick Hopper, has a net worth of 1.75 Million USD as of 2023. It has a net worth of around 5 Million USD as of 2023. Readerest is a patented product made with "high-grade" magnets, stainless steel, and a cutting edge design, making it both strong and light-weight. moments on the show with inventor Aaron Krause's bright happy-faced pitch for his product, Scrub Daddy. Im Aidan Lehane, and about 5 years ago I quit the rat race and set out on a mission to create passive income online. Loris partnership with Rick caused the company to grow significantly as she urged him to leave his garage and establish a manufacturing facility for Readerest. . ReadeREST is a U.S. based company best known for a magnetic eyeglass holder, also called ReadeREST (pronounced Reader Rest) [1] History [ edit] After turning 40, founder Rick Hopper started using readers and began habitually losing, scratching and dropping his glasses. Rick Hoppers net worth is 1.75 million USD as of 2023. I hit rock bottom first though, long before before I found the strategies that Actually Work to create lasting success. He expects to bring in up to $6 million in sales by the end of 2012. In Season 3 Episode 6,, Rick Hopper appeared on Shark Tank seeking $150,000 for 15% of his magnetic eyeglass holder, Readerest. att.net; landstarcontainer.com; 1 904891XXXX; Rick Hopper Human Resources Director . Required fields are marked *. Continue with Recommended Cookies. The inventor of ReadeREST, Rick Hopper of Orange County, California, pitched his $1. 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. Still, what if she was just the partner he was looking for? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The purposes of ReadeREST are preservation of the users favorite glasses, convenience, and simplicity. According to an update in 2023, the deal with Lori was finalized shortly afterward, and with her help, Hopper was able to secure a manufacturer for the product. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,600],'biznewske_com-portrait-1','ezslot_28',639,'0','0'])};__ez_fad_position('div-gpt-ad-biznewske_com-portrait-1-0');As of 2023, ReadeREST is still going strong and sales have continued to go up over the past years. I'm an Economics student who calls Norman, Oklahoma his home. 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. 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. Blue Light Blocking Eyewear . Laguna Beach CA 92651 Price-wise, they all go for $15.99. 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). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. I believe that all people have great potential, and I enjoy finding ways to harness this. Ive been a long-time Shark Tank fan and love the show because Im an entrepreneur at heart. 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. After some provocation from all of the sharks, with a grimace, Rick finally accepted the deal. The sharks were dumbfounded at his sudden development of business skills and jokingly speculated that they were being hustled. According to biznewske, During the Shark Tank pitch, the company's valuation was $1 million, and the company has made a lot of sales since then, therefore the company's net has increased.. Who is the Founder of Readerest? The product, which helps kids take their medicine in an elephant-friendly way, is noted as one of the first and biggest Shark Tank Success stories. 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. 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. 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. Hey, Im John Poole (JP), the founder and author of Shark Tank Success. Save my name, email, and website in this browser for the next time I comment. He's been able to stock the shelves in 1000 Walmart locations as well as landing a placement on walmart.com, after winning their American-Idol style contest called "Get On The Shelf". The company offers clip-on magnetic eyeglasses holders that can be attached to clothing. $150,000 from Lori Greiner in exchange for a 65% equity split in ReadRest. , When Hector Salvidar first started Tia Lupita Foods, he just sold hot sauce. Some people were understandably skeptical about the product at first but quickly realized how effective it was. Looking primarily for a controlling interest in the company, Lori would have been very likely to accept a counter-offer of sixty, fifty-five, or even fifty-one percent equity in the company, but by trying to low-ball her offer, Rick locked himself out of further negotiations. 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. In 2012, ReadeREST was getting so many orders that Rick Hopper couldnt keep up. The product was pitched on Shark Tank in 2012 by entrepreneur Rick Hopper, who asked for $150,000 in exchange for 15% equity. 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. ReadeRest Pitches The Sharks Rick was seeking $150K for a 15% share in the business. 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. 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. It was enough to solidify a deal with Mark Cuban, who seems to have a decent sense of humour. 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. by 2Paragraphs in Business Spotlight, Shark Tank | August 30, 2017. What Happened To Ice Cream Canteen After Shark Tank. Readers can purchase magnetic eyeglasses holders directly from the companys website. Do you see anything wrong with that? Rick countered with the idea that high volume of distribution on store shelves would mean six million dollars a year in profits, a real money maker for any shark willing to bite. Lori helped Rick get out of his garage and secured manufacturing for the ReadeRest. 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. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD. Readerest Net Worth During the Shark Tank pitch, Rick Hopper mentioned that his company, Readerest, was valued at $1 million. By 2015, ReadeREST brought in $13 million in sales. . In 2001, he left Home Depot to start his first business, TrimQuick, a vinyl trim provider for window companies. Lori Greiner made a deal with Hopper and promised to make him a millionaire. View Rick Hopper's business profile as Founder at ReadeREST. ReadeREST has grossed $39 million in retail sales in just 7 years since airing on Shark Tank. Before Shark Tank ReadeREST and Rick Hopper, After Shark Tank Update: ReadeREST In 2023, Top Best Games like Truth or Dare In 2023, Roblox Hacks, Cheats, & Tips 2023 Updates, CertifiKid 2023 Update What Happened After Shark Tank, Beyond Sushi 2023 Update What Happened After Shark Tank, Lance Reddick, Known for John Wick and The Wire Roles, Dead at 60, Popular Paleo and Keto Diets Can Be Harming Your Heart, Eagle Who Adopted a Rock Is Now a Real Dad, Woman Shot Dead After Pulling Up In Wrong Driveway, Boys Born to Mothers with COVID-19 May Have Altered Brain Development. The company is still in business in 2021 and has maintained an estimated net worth of around $2.5 million. He traveled across the west coast and attended trade shows to find his market. Tom Ford. With this patent and the trademark on ReadeREST, the sharks seemed content on intellectual property concerns. Here's a quick recap before we dive into the Readerest Shark Tank update.. Shark Tank Pitch Recap: She knew the Readerest was a winner the minute Rick walked in. . 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. To date, Rick has sold over $1.4 million dollars worth of his Readerest. -SPONSORED- Earlier this year Hopper said that the company has made $8 million in total sales since appearing on "Shark Tank." . Some of their bestsellers include the Stainless Steel, Stainless Steel + Swarovski Crystal, Stainless Steel + Swarovski Pearls, Black + Swarovski Crystals, and White + Swarovski Crystals. He loves the show because he's an entrepreneur at heart. To Daymond, this was too much risk. So now you want us to give you the money, work, and then pass off our connections. Rick was left stammering, and Daymond was out. 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. ReadeREST got featured on Shark Tank America in February 2012. To keep Daymond on board, Rick had offered greater equity, so he was willing to budge, but giving up a controlling interest in the company was hard for him to stomach. They also offer their products internationally. Rick was looking for $150k for a 15% interest in his company. Somewhere along the way, I also realized the importance of balancing work with hobbies, excercise and personal development. Luckily, it had never taken off, and the original patent holder was willing to sell it for five thousand dollars. The ReadeREST (also called SpecSecure) has appeared several times on QVC. You simply attach one side to the inside of your shirt, and the other on the outside. 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. However, companies that sell online and interact with customers only electronically may not need as much capital for inventory and equipment. About Rick Hopper Rick Hopper is the man behind ReadeREST. 1968 S. Coast Hwy #675 One million against five thousand. After some negotiation, he accepted an offer from Lori Greiner for all of the money at 65% equity. Initially known as Eyeglass Holders, Rick Hoppers Readerest eyeglass holder has many competitors. Originally, Hopper asked for $150,000 . Kevin also made a swift exit, calling a million-dollar valuation for a little piece of metal insanity. 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. One of the smallest products featured on Shark Tank, ReadeREST inventor, Rick Harper, pitched the idea over 10 years ago. ReadeREST is a magnetic eyeglass clip that can be attached to clothing, invented by Rick Hopper. Over the next three years, the company continued to grow, and it introduced new products such as reading glasses. ReadeREST Net Worth 2023 What Happened After Shark Tank? After Shark Tank, Hopper and Greiner appeared together on QVC and sold out of ReadeREST (see photo below). Kevin Harrington asked the obvious question, "What if they don't sell?" But if it makes you feel better, more than 50 per cent of those "great" ideas that are OK'd on air don't end up sealing deals for investments off-camera. He went on to pitch his product, explaining the frustration of those who carry their glasses around often damaging them. 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. Greiner offered him the $150k but she wanted 65% because she already knew she could sell these by the thousands with her connections. After Shark Tank, Lori promoted ReadeREST on QVC, and it sold out within five minutes. A doctor with an interest in food storage seemed an unlikely opener for this pitch from Michael Tseng in 2014. After much consideration, Hopper accepted a $150,000 investment. Christopher Atkins Wiki Bio, Brooke Shields in Blu All Truth About 15yo Lulu Wilson: Parents, Height, Lexee Smith - Dancer And Another Instagram Star's How did Preston Roberts (Mountain Men) die? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Email: [emailprotected] Find related and similar companies as well as employees by title and much more. This company was established in 2018 and started selling its product at the end of 2018. 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. The founder is Rick Hopper, who lives in Orange County, California.. READ MORE:-Shania Twain Networth 2022: Bio, Early Life, Personal Life . A fresh take on sports: the biggest news and most entertaining lists. THE INVENTOR This article originally appeared on Business Insider. However, most of the Sharks didnt see the potential of his invention. As he is known to do, Daymond put Rick on the spot. [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. This offer caused Mark Cuban to withdraw from the deal. After the show, ReadeREST received a Shark Tank bump and sold out within five minutes on QVC. Subscribe to Well Adjusted, our. They believe sales will go over $6 million in 2012. 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. Since airing on the show in 2012, the product has rocketed from $100,000 in sales to $18 million. Without offers on the table from Mark, Kevin, or Robert, Lori was his only lead, but he attempted to counter at forty-nine percent equity. Get 5 free searches. Rick Hopper, Founder of SpecSecure by ReadeREST KIRK: My Shark Tank Predictions start with Rick Hopper, Founder of ReadeREST, The company that manufacturers SpecSecure. The ReadeREST (also called SpecSecure) has appeared several times on QVC. And who could forget another one of those "Why didn't I think of that?" Rick Hopper was raised in Anaheim, California, before moving to Fullerton. Currently, all of the products are sold out on their website. In fact, theyre discounted to $11.99 at the time of this writing. His first invention was a windsail to slow his skateboard down when going downhill. 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. pearls, crystals) tend to fall off after a while. The only drawback is that some of the decorations (e.g. 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. 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. Lets remind ourselves of this nifty little gadget and take a look at how the company is faring in 2021. In exchange for investment from Shark Tank, they will get their business launched and expand their prospects for further growth. Long-time viewers of the show will no doubt remember this adorable pitch by young mom Tiffany Krumins. Today, the ReadeREST can be purchased online, but they are also sold in many retail stores that deal in eyeglasses. Rick was still making them by hand when his friends begged him to look into Shark Tank. 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. 1 . Rick Hopper and ReadeRest are the subject of tonight's follow up segment on The Shark Tank. 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. Disney ABC Television Group / Getty-Images Honorary shark for the day Richard Branson, who has an impressive $5.1 billion net worth as of 2018, expressed his excitement to be included on the show by saying, "I've never been interested in making lots of money - I like creating things. His show only aired a few weeks ago, but the Readerest has been such a success, the producers were compelled to air an update. Manage Settings And new ReadeREST designs feature flowers, hearts and wings, Swarovski crystals, and pairs of sunglasses. The first time, $100,000 worth was sold in five minutes. At age 40, he needed glasses to read. Rick Hopper was asking for $150,000 for 15% equity of his business. Not to be attempted in an actual shark tank, obviously. Within the first year after Shark Tank, Nick Harper, and Lori Greiner had managed to sell 65,000 units almost immediately. SIC Code 50,504. ReadeREST is still a successful product that has become invaluable to those who wear glasses. The ReadeREST product has evolved to include many different styles, making it a continual top seller for online stores and optometrist stores. He said he would help Rick, but when everyone expected an offer, Mark backed out, saying there were better options. Type above and press Enter to search. - Techie + Gamers, Shark Tank Scam: Americans Still Believe Weight Loss Scam. [ReadeREST designs including Shades are available on Amazon for under $12].