ReaderREST on Shark Tank Show 11-30-2012
and a lot of potential from the millions of people that wear glasses on a daily basis. Rick was looking for $150k for a 15% interest in his company. Greiner offered him the $150k but she wanted 65% because she already knew she could sell these by the thousands with her connections. With all the other sharks out, Rick gladly (and wisely) accepted Greiner's offer.
Lori Greiner Makes the ReadeREST A Huge Success
On a side note, they also have a wholesale and distributor section on their website for large orders. As a Son of an Optometrist who has grown up around the industry this represents, I was a little baffled that they have not gone after this part of the industry. It's great that they get a lot of exposure from the website and QVC but what about the thousands of Optometrist's who sell prescription glasses on a daily basis? Having a nice display conveniently set up where your picking out your frames would seem like a perfect fit. Just an idea (Lori and Rick) but to send x number of Optometrists a small display to test the numbers, could lead to multiple re-orders as you continue to attract more Doctor's.
Update: They are now starting to serve this market :)