Within three years of its launch, Greiner’s design and patenting business had generated more than $10 million in sales. The profits she received from the sale of the product’s prototype allowed her to clear her entire student loans within just 18 months. However, her fortunes changed for the better when J.C. Around this time, Greiner had accumulated about $300,000 in student loans. The organizer could hold up to 100 pairs of earrings. One of her most notable jewelry projects was the creation and patenting of a plastic earring organizer in 1996. During this time, she also worked briefly as a jewelry designer and playwright. While in college, Greiner worked for The Chicago Tribune. Lori Greiner attended Loyola University Chicago, where she majored in journalism and communications, as well as television and film. However, they divorced when Lori was only nine years old. In addition to their respective jobs, Lori’s parents also had their own businesses. Her father was a realtor, whereas her mother was a psychologist. Greiner inherited her entrepreneurial skills from her parents. Lori Greiner was born on December 9, 1969, in Chicago, Illinois. The camera focused on an increasingly nervous Dobson, who was still caught up in whether Greiner was included in the deal or not.Īn angry O’Leary retracted the offer and told Dobson to grab his broom and get out.Īs the still-rattled broom salesman walked down the hall, he shook his head and said, “That could have gone better.Entrepreneurship, Reality Television, Book Sales, and Speaking Engagements The "Shark Tank" theme music played as O’Leary rose to shake hands with Dobson. “I might, but she’s not putting up any money right now, so I’m not worried about it,” O’Leary responded, wanting to know if they had a deal or not. “Why wouldn’t you want to include Lori?” Dobson asked. Greiner even offered to help peddle the product if O’Leary fronted the money, but O’Leary wasn’t interested in partnering up. The question was less would Dobson take the deal and more could he? With 22 investors and $250,000 of debt already on the company, it would be a hard sell. View Gallery: 'Shark Tank' products: Which items have raked in the cash? The question is, do you need adult supervision so you can get focused on one thing.” “That’s the intriguing part, but year after year after year, you’ve made no money. “The product clearly works,” O’Leary said. O’Leary stepped in, offering him the $500,000 to become equal partners. Shifting in step and nervously pushing his broom around, it was apparent what Dobson really needed was a partner. I’m going to buy your product, but I am not going to invest in your company today,” Blakely agreed. “I think you get an A for effort, and an F for execution,” Corcoran said. That number soon grew worse when the sharks learned Dobson had invested $2.1 million in the company and made a profit of just $50,000 in the company’s six year history. While $3.3 million in sales seemed a rosy number to the sharks, Dobson soon revealed that he lost $600,000 last year, leaving everyone in the room surprised. More: Hey working mothers, work-life balance is a myth. More: 'Shark Tank': Teary tribute to firefighter dad yields $1 million (and counting) in orders
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