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The Times Tech Podcast

Ring CEO Jamie Siminoff: "You just bankrupted the company."

Aug 5, 2017
43:07
Snipd AI
Jamie Siminoff, founder of Ring, talks about getting rejected on national television, turning failure into funding, being lambasted by British customers, following the James Dyson model, starting ten other companies, luring Sir Richard Branson as an investor, being sued by a giant rival, showing up at customers’ houses, and shipping a faulty product that nearly bankrupted him.
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Podcast summary created with Snipd AI

Quick takeaways

  • Ring's success is rooted in delivering a great solution for consumers, rather than just being a technology company.
  • Installing Ring and similar products in neighborhoods has resulted in a significant reduction in crime rates.

Deep dives

Jamie Siminoff's journey from rejection on Shark Tank to the success of Ring

Jamie Siminoff appeared on Shark Tank to pitch his video doorbell startup called Doorbot. The sharks rejected his pitch, but today the company, now called Ring, is worth half a billion dollars. Siminoff shares his story of going from near bankruptcy to attracting investors like Sir Richard Branson. Ring's mission is to reduce crime in neighborhoods by providing a solution to make homes and neighborhoods safer. The company's success lies in delivering a great solution for consumers rather than just being a technology company.

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