Product Update
Is Readerest Specsecure Still in Business? (2026 Update)
Is Readerest Specsecure from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Readerest Specsecure today.
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Rick Hopper's pitch was about as simple as this show gets: a magnetic clip that holds your reading glasses on your shirt collar instead of losing them on the counter for the tenth time that week. Lori Greiner did not just fund it, she promised to make him a millionaire on camera. Years later, that promise is one of the more verifiably kept ones in the show's history.
The Short Answer
Yes, ReadeRest is still in business. The company's website and social media presence remain active, and the product is available on Amazon under the ReadeRest name, alongside an expanded line that now includes reading glasses in addition to the original magnetic holder.
There is at least one reported customer complaint from January 2024 describing an unfulfilled order and difficulty reaching the company, which is worth noting honestly rather than glossing over. That single data point does not overturn a business with a long track record of active retail sales, but it is a signal worth flagging for anyone ordering today.
The Shark Tank Pitch
ReadeRest, sold in some markets and product lines under the SpecSecure name, appeared in Season 3, Episode 6, pitched by Rick Hopper out of Flower Mound, Texas. He asked for 150,000 dollars in exchange for 15 percent of the company.
Hopper's pitch leaned on a problem almost every reading glasses owner recognizes instantly: glasses that get pushed up on the head, left on a desk, or draped around the neck and forgotten. A magnetic clip that holds them securely on a shirt collar is not a complicated invention, but the simplicity is exactly what made it an easy yes for a shark who sells to a mass retail audience.
The Deal That Got Done
Lori Greiner made the investment, but took a much bigger piece than the original ask. She put up the full 150,000 dollars requested, but for 65 percent equity rather than 15 percent, a dramatic renegotiation even by Shark Tank standards.
That kind of equity swing usually signals a shark who sees a product built for the retail channel she dominates. Lori's background in direct response retail and QVC made her the obvious partner for a small, inexpensive accessory built to sell in volume.
ReadeRest net worth in 2026
No current, sourced net worth figure exists for Rick Hopper or ReadeRest specifically as of 2026. What is documented is a strong sales history. Within three years of the QVC launch, the product generated 13 million dollars in sales, with projections of more than 6 million dollars for 2012 alone, and tracking coverage from April 2024 put annual revenue at approximately 5 million dollars. Lori Greiner has stated publicly that the deal made Hopper a millionaire. That is the most concrete wealth related claim on record, and this page is not going to inflate it further with an invented net worth number.
The QVC Launch That Changed Everything
The turning point for ReadeRest was not the Shark Tank air date itself, it was the QVC debut that followed. According to tracking coverage, the product sold out in five minutes on its first QVC appearance, the kind of instant sellout that validates a retail partner's confidence in a product almost immediately.
From there the company built a genuine multi year sales record, expanding the original single product into a small line that now includes reading glasses sold alongside the signature magnetic clip. That kind of product line extension, built on a proven core item, is a common pattern among the show's longest surviving companies.
Where Things Stand Now
ReadeRest pitched in Season 3 out of Flower Mound, Texas, asked for 150,000 dollars for 15 percent, and closed with Lori Greiner at 65 percent, a steep renegotiation that came with a QVC relationship attached.
Thirteen years of documented sales, a sellout QVC debut, and an expanded product line all point to a company that is still operating and still selling as of the most recent tracking data. The one reported 2024 fulfillment complaint is worth keeping in mind, but it does not change the overall verdict. If you came here wondering whether the glasses clip from Season 3 survived, it did, and it made its founder a millionaire along the way.
It is worth putting the 65 percent equity number in context, because it is one of the more lopsided splits in the show's history for a deal that still counts as a clear win for the founder. Hopper walked away with a minority stake in his own company, but the QVC relationship and retail distribution Lori brought turned that minority stake into a genuinely large payday. For a product this simple, priced this low, the volume was always going to be where the real money lived, and Lori's retail machine was built exactly for that kind of volume.
Where to buy Readerest Specsecure
Still selling as of May 15, 2026. Check today's price and availability.
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See the full Readerest Specsecure deal breakdown and term sheet →
