Lori Greiner is an American entrepreneur, inventor, investor, and television personality. Lori is a well-known investor on ABC’s Shark Tank where she helps turn dreams into realities. Forbes writer David Williams states “Lori Greiner, one of the nation’s (and the world’s) most prolific inventors of retail products, has developed more than 350 products and holds more than 112 U.S. and international patents. She is widely acclaimed as “The Queen of QVC” due to her out-of-the-ballpark success in launching new products on QVC”. Lori became an entrepreneur by accident; her degree was in Journalism and Communications. She would often come up with ideas for children’s books that she would put on hold. Lori’s husband Dan inspired her to pursue her dreams of writing a children’s book after seeing a bestseller book similar to her original idea. From this moment she realized that she would not miss an opportunity such as this again.
Lori’s next entrepreneurial feat was an earring organizer. After a $300,000 loan, she managed to first get her …show more content…
While other inventor/entrepreneurs might see this worth on the low end, Lori continues to make winner deals and grow her brand exponentially. The “Lori Greiner Brand” is one name many hopeful inventors on Shark Tank wish to align themselves. Her success stories are so numerous that it is difficult to select a single stand out investment from the rest. One of Lori’s top investments was in “ReadeRest”. According to Jill Weinberger “Lori Greiner knew ReadeRest would be great for QVC and offered Rick Hopper $150,000 for 65 percent of the company. Hopper accepted. The product has had sales of $8 million-plus in the past two years and is available in more than 6,000 stores”. ReadeRest has proven to be a financial success for both Lori and Rick