Rick Hopper entered the Shark Tank in season 3 to pitch his invention, the ReadeRest. This one captured the attention of the sharks and they struck a deal. Find out what happened after their appearance on Shark Tank and if they are still operating today.
Rick Hopper invented ReadeRest, the magnetic eyeglass holder. It used high powered magnets, securing the eyeglasses to any piece of clothing. He has a patent on this simple and super effective idea.
Did They Strike a Deal?
Yes, Rick Hopper struck a deal with Lori Greiner for ReadeRest. She offered him $150,000 for 65%. He accepted.
Shark Tank Recap
Rick caught the attention of the sharks after his pitch on Shark Tank. Before taking his chance on the show, he sold $65,000 worth of ReadeRest. After making nearly 100,000 eyeglass holders himself, Rick knew he needed funding for mass distributing. Sharks Kevin O’Leary, Robert Herjavec, and Daymond all went out. Mark Cuban went out after hearing Lori’s deal, which Rick ultimately accepted.
ReadeRest Shark Tank Recap: How Much Did He Ask For?
They asked for $150,000 for 15%.
Who is Rick Hopper?
Rick Hopper started his career as a department supervisor at The Home Depot in the 90’s according to his LinkedIn page. He then worked on his own business, TrimQuick for 9 years before changing the name and business into what we know now as ReadeRest in 2011.
Are They Still in Business?
Oh yes, he is still in business today and going strong! After striking the deal with Lori, she got them on QVC and they sold out in minutes. They are racking in over $5 million in revenue yearly.
Is ReadeRest still on QVC?
No, even though they still have a listing on QVC.com, it appears that Readerest is no longer available on the home shopping giant.
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