Jamie Siminoff's smart video doorbell, initially called Doorbot, was pitched on Shark Tank in 2013 without any investment from the Sharks. Despite the rejection, he rebranded the product to Ring and secured new investors. By 2014, Siminoff sold Ring to Amazon for approximately $1 billion. Today, the Ring doorbell is installed in over 10 million homes, illustrating the significant potential of the product that was once doubted on Shark Tank. O'Leary acknowledged this as one of the biggest misses in the show's history.
O'Leary later admitted in 2018 it was "probably the biggest miss" in the show's history up until that point.
Siminoff had asked the Sharks for a $700,000 investment for a 10% stake in his company, valuing it at $7 million.
Today, Ring is installed in millions of homes and seen as one of Shark Tank's most prominent "misses."
More than 10 million people now have a Ring doorbell, according to a 2023 stat cited by Politico.
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