Readerest Specsecure

Name: Readerest Specsecure
Availability: InStock

Deal

Novelties

Season 3 · Ep 6 Home & LifestyleAired February 24, 2012

Readerest Specsecure is a novelties that got its big break on Shark Tank in Season 3, and convinced Lori Greiner to invest.

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From the show

The Shark Tank pitch

$150K
Asked for: 15%
Offered equity: $1M
Sought valuation: $150K
Deal amount: 65%
Deal equity: $231K
Deal valuation

Founder Rick Hopper stepped onto the carpet in Season 3, Episode 6 in the episode that aired February 24, 2012, bringing their Flower Mound, TX business with them. Readerest Specsecure, the novelties, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.

The ask was $150,000 for 15% of the company, an implied valuation of $1M.

Lori Greiner made the deal at $150,000 for 65% equity. That priced the company at $231K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.

Season 3 saw 60 pitches, and 28 of them closed a deal on air. In the Home & Lifestyle category overall, roughly 68% of pitches have landed a shark across the show's history.

Lori Greiner$150K

Is Readerest Specsecure still in business?

Read our 2026 update on where the company is now.

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Frequently asked questions

Where can I buy Readerest Specsecure?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.

Did Readerest Specsecure get a deal on Shark Tank?

Yes. Readerest Specsecure closed a deal for $150,000 in exchange for 65% equity, with Lori Greiner.

Which shark invested in Readerest Specsecure?

Lori Greiner invested in Readerest Specsecure ($150,000 total as aired).

What season of Shark Tank was Readerest Specsecure on?

Readerest Specsecure appeared in Season 3, Episode 6, which aired February 24, 2012.

How much was Readerest Specsecure asking for on Shark Tank?

The founders asked for $150,000 for 15% of the company, a $1M valuation.

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