How I Built This with Guy Raz Ring: Jamie Siminoff
Jun 22, 2020
Jamie Siminoff, the mastermind behind Ring, a billion-dollar video doorbell company, shares his inspiring journey from tinkering in his garage to entrepreneurial triumph. He reveals how a personal frustration led to the invention of the Wi-Fi doorbell, overcoming challenges in product development and a nail-biting moment on Shark Tank. Jamie discusses the complexities of selling a business, his adaptive approach to innovation, and the impactful acquisition by Amazon, all while emphasizing resilience, creativity, and community engagement throughout his adventure.
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Early Engineering Influence
- Jamie Siminoff developed engineering skills by repairing broken radio-controlled cars during childhood.
- This early experience taught him fundamental engineering principles applicable to more complex projects.
Land Rover Bribe
- Jamie Siminoff's dad bribed him with a Land Rover Defender 90 if he achieved straight A's.
- This motivated him to improve his grades significantly, ultimately benefiting his college applications.
First Business Plan
- After graduating, Jamie Siminoff unexpectedly earned $10,000 writing a business plan for a hot dog chain.
- This led to more business plan jobs and the launch of his company, "Your First Step."
