Readerest Shark Tank Founder, Net Worth and Investment

Readerest, the innovative magnetic eyeglass holder, made a splash on the popular TV show Shark Tank. Founder Rick Hopper secured a deal with investor Lori Greiner, and the company is currently worth around $4 million.

Key Takeaways:

• Readerest gained popularity after appearing on Shark Tank and securing a deal with Lori Greiner.
• The company is valued at approximately $4 million.
• Readerest is a magnetic eyeglass holder that prevents glasses from falling off and provides a convenient storage solution.
• The product is available at major retailers and has received positive reviews from customers.
• Readerest is set to release a new smart eyewear holder with tracking capabilities.

About Rick Hopper – The Man Behind Readerest

Rick Hopper, the visionary founder of Readerest, has a fascinating background in entrepreneurship. Hailing from Anaheim, California, Hopper embarked on his entrepreneurial journey by inventing various products, starting with a windsail designed specifically for his skateboard.

Prior to starting Readerest, Rick Hopper displayed his exceptional business acumen through the success of his window trim business called TrimQuick. This venture demonstrated his ability to identify niche markets and deliver high-quality products to satisfied customers.

Driven by his passion for innovation and problem-solving, Hopper dedicated his entrepreneurial spirit to revolutionizing the eyewear industry. Fuelled by his personal struggle of constantly losing his reading glasses, Hopper set out to invent a practical solution, which led to the creation of Readerest.

With his previous business success and inventive mindset, Rick Hopper skillfully transformed Readerest into the flourishing brand it is today. His determination and commitment to enhancing people’s lives through practical solutions have made him a respected figure in the entrepreneurial world.

The Invention of Readerest

Readerest, the magnetic eyeglass holder that revolutionized the way we keep our glasses secure, was born out of necessity. Rick Hopper, the ingenious mind behind Readerest, faced the common frustration of glasses constantly falling off. Determined to find a solution, he embarked on a journey to create a practical yet stylish accessory.

Utilizing his resourcefulness, Hopper ingeniously combined a simple paperclip and a magnet, resulting in the birth of Readerest. The innovative design allowed for the glasses to be securely attached to clothing, eliminating the fear of misplacement or damage. The convenience and efficiency of this invention caught the attention of those around Hopper, ultimately leading to the official launch of Readerest in 2011.

Since then, Readerest has become widely recognized for its functional and versatile nature. Its simple yet effective design has forever changed the way people keep their glasses within reach. Today, Readerest continues to be a testament to Hopper’s ingenious innovation and dedication to solving everyday problems.

What is Readerest?

Readerest is a magnetic eyeglass holder that provides a convenient solution for keeping your glasses secure and within reach. This innovative product attaches to your clothing, preventing your glasses from falling off and getting lost. The simple yet effective design of Readerest ensures that your glasses are always close by when you’re not wearing them.

How does Readerest work?

Readerest features a two-piece magnetic clip system. One side of the clip is attached to the outside of your shirt or clothing, while the other side is placed on the inside. The magnetized hook securely holds your glasses in place, ensuring that they stay put until you’re ready to wear them again.

“Readerest keeps my glasses conveniently in place, so I never have to worry about misplacing them. It’s a game-changer!” – satisfied Readerest customer

The magnetic attachment of Readerest makes it incredibly versatile, allowing you to use it with a range of clothing materials. Whether you’re wearing a t-shirt, blouse, or even a thicker jacket, Readerest will securely grip your glasses, providing peace of mind and easy access.

With Readerest, you can say goodbye to constantly searching for your glasses and worrying about damage or loss. It’s a simple yet effective solution for glasses wearers, making it an essential accessory for those who rely on their eyewear.

Key Features of Readerest:

• Magnetic attachment for secure holding
• Versatile design compatible with various clothing materials
• Convenient and easy access to your glasses
• Durable and long-lasting construction
• Lightweight and comfortable to wear

Readerest on Shark Tank

Rick Hopper, the founder of Readerest, took his magnetic eyeglass holder invention to the Shark Tank in season 3. With a compelling pitch, Hopper offered a 15% equity stake in Readerest in exchange for a $150,000 investment. The Sharks were initially intrigued by the innovative product and its potential in the market.

However, the investors’ enthusiasm waned when they discovered that Hopper had acquired the patent for Readerest from its original owner. This revelation raised concerns about the viability of the product and its intellectual property rights. Some of the Sharks decided to pass on the opportunity, believing it was too risky.

Fortunately for Rick Hopper, entrepreneur and investor Lori Greiner saw the potential in Readerest and presented a counter deal. Greiner offered the same investment amount for a slightly higher equity stake of 18%. Recognizing Lori Greiner’s expertise and track record in product development and marketing, Hopper accepted the revised offer.

“I believe in the vision of Readerest and its potential to revolutionize the way people keep track of their glasses. I am confident that with Lori Greiner’s guidance, we can take this product to new heights,” said Rick Hopper in an interview.

The deal with Lori Greiner proved to be a turning point for Readerest. With Greiner’s support and expertise, the product gained significant exposure and credibility. The partnership helped Readerest expand its distribution network, reach a wider audience, and accelerate its growth in the eyewear accessory market.

Readerest’s success story on Shark Tank is a testament to the power of innovative ideas and strategic partnerships. The brand has joined the ranks of other Shark Tank success stories, showcasing the impact of the show on entrepreneurs’ journeys to success.

Readerest Success and Expansion

Since securing the deal with Lori Greiner on Shark Tank, Readerest has seen remarkable success and has expanded its reach in the market. One of the notable milestones for the company was the instant sell-out of its product when it was promoted on QVC. This overwhelming demand reflects the trust and popularity that Readerest has gained among customers.

Today, Readerest can be easily found at major retailers such as Bed Bath & Beyond, Walmart, and Ace Hardware. The company’s strategy of making its product readily available has contributed to its widespread adoption by consumers. You can also conveniently purchase Readerest on Amazon, where it boasts an impressive 4.6-star rating based on customer reviews.

Readerest offers a secure and convenient solution for holding eyeglasses, making it a highly sought-after accessory for glasses wearers. The positive feedback and support from satisfied customers have propelled Readerest’s success and position it as a leading brand in the eyewear accessory market.

Let’s take a closer look at the availability and options for purchasing Readerest:

Readerest’s availability at these well-known retailers and online platforms make it more accessible to a wide range of customers. Whether you prefer to shop in-store or conveniently browse online, Readerest is just a few clicks away. So don’t miss out on the opportunity to experience the convenience and functionality of Readerest.

Readerest’s Net Worth

Readerest, the magnetic eyeglass holder that gained recognition on Shark Tank, has experienced remarkable financial success. As of now, the company is estimated to be worth around $4 million+. The strategic partnership formed with investor Lori Greiner helped generate a revenue of $1.4 million, showcasing Readerest’s potential for growth in the market.

With its innovative product and positive reception, Readerest has emerged as one of the most successful ventures to come out of Shark Tank. The company’s net worth and valuation reflect its ability to meet the demands of glasses wearers and provide them with a practical solution to keep their eyewear secure.

Key Financial Highlights

Here’s a summary of Readerest’s financial success:

Readerest’s continued growth and positive financial performance serve as a testament to the effectiveness of its magnetic eyeglass holder and its ability to meet the needs of glasses wearers across the country.

Readerest’s Impact and Reviews

Since its introduction, Readerest has had a profound impact on the lives of glasses wearers, providing them with a simple yet effective solution to keep their eyewear secure and within reach. The innovative magnetic eyeglass holder has garnered positive reviews and testimonials from satisfied customers who have experienced its benefits firsthand.

Customers appreciate the functionality and ease of use that Readerest offers. With its magnetic clip, glasses can be securely attached to clothing, eliminating the risk of them falling off or getting lost. This convenient feature ensures that glasses are always easily accessible, making Readerest a must-have accessory for anyone who wears eyewear.

“Readerest has simplified my life. No more searching for my glasses or worrying about them falling off. The magnetic clip is a game-changer!” – Sarah B.

The positive feedback from customers highlights the effectiveness of Readerest in providing a practical and reliable solution for keeping glasses in place. The magnetic eyeglass holder has gained a reputation for its durability and strong hold, giving users peace of mind and confidence in their eyewear.

Moreover, Readerest’s impact extends beyond its functional benefits. By offering a stylish and convenient way to store glasses, it has become a fashionable accessory that complements various outfits and personal styles. Glasses wearers no longer have to compromise fashion for functionality with Readerest.

Through its innovative design and customer-centric approach, Readerest has established itself as a trusted brand in the eyewear accessory market. The positive reviews and testimonials serve as a testament to its effectiveness, making it a popular choice among glasses wearers worldwide.

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Readerest Availability and Where to Buy

If you’re interested in purchasing Readerest, you’ll be pleased to know that the product is widely available at various retailers. Here are some of the places where you can buy Readerest:

1. Bed Bath & Beyond

You can find Readerest at Bed Bath & Beyond stores nationwide. Simply head to the eyewear accessories section to purchase your very own Readerest magnetic eyeglass holder.

2. Walmart

Walmart is another trusted retailer that carries Readerest. Visit your local Walmart store or check their website for availability. You’ll easily spot Readerest among the eyewear accessories.

3. Ace Hardware

If you frequent Ace Hardware, you’ll be delighted to know that they also stock Readerest. Drop by your nearest Ace Hardware location to get your hands on this innovative eyeglass holder.

In addition to these retailers, Readerest is also available on Amazon. With high ratings from satisfied customers, Amazon provides a convenient online shopping option for purchasing Readerest. Simply visit the website and search for “Readerest.”

If you prefer to buy directly from the source, you can visit the official Readerest website. There, you’ll find the complete range of Readerest products available for purchase.

Whether you prefer shopping in-store or online, you have several options for purchasing Readerest. Don’t miss out on the opportunity to experience the convenience and reliability of this magnetic eyeglass holder.

Readerest’s Continued Growth and Future Plans

Readerest is not resting on its laurels, but rather looking ahead to new horizons and exciting opportunities. With a focus on expansion and innovation, the company has big plans for the future.

One exciting development on the horizon is the release of a new product from Readerest – a smart eyewear holder that takes convenience to the next level. This innovative device uses cutting-edge technology to track glasses and provide notifications when they are out of range. With this new product, glasses users can say goodbye to misplaced eyewear and enjoy peace of mind knowing that their glasses are always within reach.

The upcoming smart eyewear holder aligns with Readerest’s mission to provide practical solutions for glasses wearers. By combining functionality and technology, Readerest is set to revolutionize the way people manage and keep track of their glasses.

“We are thrilled to introduce our new smart eyewear holder,” says Rick Hopper, the visionary founder of Readerest. “It’s the result of tireless research and development, and we believe it will be a game-changer in the eyewear industry.”

With the release of this new product, Readerest aims to solidify its position as a leader in the eyewear accessories market. The company’s commitment to innovation and meeting the needs of its customers is evident in this exciting addition to its product lineup.

As Readerest expands its product range, it also strives to reach a wider audience. Plans for expansion include partnering with new retailers and exploring online distribution channels to make Readerest products accessible to glasses wearers across the country.

Stay tuned for more updates from Readerest as the company continues to grow and introduce new solutions for glasses wearers. The future looks bright for this innovative brand.

Readerest’s Endorsements and Celebrity Support

Readerest, the innovative magnetic eyeglass holder, has gained significant support from celebrities, further solidifying its reputation as a quality and useful product. Oprah Winfrey, a prominent media mogul and philanthropist, has publicly expressed her endorsement of Readerest, emphasizing its practicality and convenience.

Dr. Oz, a widely recognized television personality and medical expert, has also shown his support for Readerest. As a trusted authority in the healthcare industry, Dr. Oz recognizes the value of this magnetic eyeglass holder in preventing lost or damaged glasses during daily activities.

In addition to Oprah Winfrey and Dr. Oz, Readerest has garnered support from other notable figures in the entertainment industry. Kelly Ripa, a beloved television host and actress, has praised Readerest for its clever design and ease of use. Ryan Seacrest, a well-known television and radio personality, has also shown his enthusiasm for the product, emphasizing its usefulness in his busy lifestyle.

These celebrity endorsements not only validate the quality and usefulness of Readerest but also contribute to its growing popularity among glasses wearers across the country. With the support of renowned figures like Oprah Winfrey, Dr. Oz, Kelly Ripa, and Ryan Seacrest, Readerest continues to enhance its reputation as a trusted and reliable solution for keeping eyeglasses secure and accessible.

FAQ

What is Readerest?

Readerest is a magnetic eyeglass holder that attaches to clothing, preventing glasses from falling off. It provides a convenient and secure storage solution for glasses when they are not in use.

Who is the founder of Readerest?

Rick Hopper is the founder of Readerest. He invented the magnetic eyeglass holder to keep his reading glasses from falling off.

How was Readerest invented?

Rick Hopper used a paperclip and a magnet to create the first Readerest magnetic eyeglass holder. The invention gained attention and led him to officially launch the company in 2011.

What happened to Readerest on Shark Tank?

Rick Hopper appeared on season 3 of Shark Tank and secured a deal with investor Lori Greiner. The Sharks initially showed interest, but Lori Greiner offered a counter deal that Hopper accepted.

Where can I buy Readerest?

Readerest is available at major retailers such as Bed Bath & Beyond, Walmart, and Ace Hardware. It can also be purchased directly from Readerest’s official website or on Amazon.

What is the net worth of Readerest?

Readerest is currently estimated to be worth around million.

What are the reviews for Readerest?

Readerest has received positive reviews from customers, with a 4.6-star rating on Amazon. Customers praise the product for its functionality and ease of use.

How can I contact Readerest?

For customer inquiries or more information about Readerest, you can visit their official website or reach out to their customer service team.

Does Readerest have any plans for future expansion?

Yes, Readerest plans to release a new smart eyewear holder that can track glasses and provide notifications when they are out of range.

Which celebrities have endorsed Readerest?

Readerest has received support from various celebrities, including Oprah Winfrey, Dr. Oz, Kelly Ripa, and Ryan Seacrest.

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