The Sharks Struggle To Understand Doorbot's Value | Shark Tank US | Shark Tank Global

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  • Опубликовано: 18 ноя 2024

Комментарии • 2,2 тыс.

  • @dano1307
    @dano1307 2 года назад +18641

    I just looked up Doorbot and realized they became Ring. One of the biggest mistakes the Sharks ever made for sure,

    • @Aidan34671
      @Aidan34671 2 года назад +779

      Yeah same when he said no competitor I’m like there is now (ring) but doorbot is ring!!!

    • @GooseCrack
      @GooseCrack 2 года назад +346

      was confused myself because I thought it was a clone of ring, turns out they're the same! wow!

    • @enrique1713
      @enrique1713 2 года назад +16

      Yup 😂

    • @diadiaa892
      @diadiaa892 2 года назад +89

      I was literally thinking, when was Ring created? I own one and at my job in Retail, i hear a LOT of ring notifications go off🤣
      Literally every lone and their mothers got one!!

    • @eltonnoway7864
      @eltonnoway7864 2 года назад +197

      Yep... this is the dude (Jamie Siminoff) credited with starting the video doorbell revolution. None of the Shark Tank folks could justify a $700K investment. Jamie went on to perfect his product and eventually sold the company to Amazon for a billion dollars. You gotta love stories like that!

  • @comment3008
    @comment3008 2 года назад +14891

    The name was later changed to Ring and was sold to Amazon for 1 billion dollars, never give up.

    • @KK-fw4zq
      @KK-fw4zq 2 года назад +530

      Dayum, if the shark negotiated for 15%. Could have made a return of 150million

    • @kataizeherbhaisahab5836
      @kataizeherbhaisahab5836 2 года назад +230

      @@KK-fw4zq actually another shark helped him (i can't remember his name tho) and became a investor. This guy and that other shark made it big and finally Amazon came in bought the company for a Billion.

    • @koldbloodedentertainment5900
      @koldbloodedentertainment5900 2 года назад +86

      actually more then that it was round 5 billion dollars

    • @seanwilson5497
      @seanwilson5497 2 года назад +16

      Daaaaaaaang!!!

    • @koldbloodedentertainment5900
      @koldbloodedentertainment5900 2 года назад +173

      @@seanwilson5497 Shaquille O'Neal help him sell it to Amazon 5 billion dollars

  • @AZN7
    @AZN7 2 года назад +3926

    Stood his ground like a boss and became a giant success afterwards. Respect the hustle!

    • @JE.1985
      @JE.1985 Год назад +32

      you got to love Mr Wonderful tho, the way he waits until he’s the only option left then gives an offer for the full amount but with some ridiculous add ons

    • @167kinggam
      @167kinggam Год назад +20

      @@JE.1985no we don’t. He tried to lowball the man and underestimated his investment knowledge. “What’s the difference between interest and royalties?”
      I MEAN SERIOUSLY?🤣

    • @shelawathyv
      @shelawathyv 9 месяцев назад +1

      This is a great example of if you believe in your product and you know the 'value', don't get easily lured by offers. He is a BILLIONAIRE now! Happy for him🤩

    • @messianic_scam
      @messianic_scam 6 месяцев назад

      if he didnt make iy you all would say how fool he was

    • @susiehaltmann3342
      @susiehaltmann3342 3 месяца назад

      Speaking of boss. He kind of became the boss. 6 years later in 2019 when he returned to be featured for an episode he sat aside and also above Robert, Lori, and Barbara in terms of net worth.

  • @RobbyRayJr
    @RobbyRayJr Год назад +1704

    This guy had one of the greatest ideas ever in my opinion, a great presentation, and thought of everyone. Not just rich people. He was ahead of the game and for the sharks not to notice it, they dropped the ball on it. Congratulations to this guy for being really smart and becoming successful

    • @pupkin-qk8ql
      @pupkin-qk8ql 9 месяцев назад +39

      He was very smart at the end with the offers too, he knew exactly what he was doing.

    • @UhuruUhuru
      @UhuruUhuru 7 месяцев назад +9

      His one mistake was criticizing and mocking Mr Wonderful.

    • @disclose_beauty
      @disclose_beauty 7 месяцев назад +14

      ​@@UhuruUhuru he didnt lmao.

    • @JanDelaCruz-rx7xd
      @JanDelaCruz-rx7xd 6 месяцев назад +3

      Great things came's from crazy idea

    • @pianmario1
      @pianmario1 5 месяцев назад +5

      Congratulations to Shaq for taking a chance on him too.

  • @NT-or9wh
    @NT-or9wh 2 года назад +630

    I noticed he never said “thank you” to each shark that rejected him like most do. He knew how good his product was.

  • @beatsbyicon
    @beatsbyicon 2 года назад +11173

    craziest part of all this is a few seasons later he was a guest shark for a few episodes, don’t let a few people who don’t understand your vision decide your fate

    • @fsu3941
      @fsu3941 2 года назад +173

      Would’ve have taken off like it did without the publicity of the tank show and that guy walked in with no intentions of making a deal. He wasn’t sweating it at the end cos he had no plans of doing a deal

    • @HeXxGuyy
      @HeXxGuyy 2 года назад +10

      Few few few

    • @beatsbyicon
      @beatsbyicon 2 года назад +5

      @@HeXxGuyy i’m illiterate bruh

    • @josephbennett3482
      @josephbennett3482 2 года назад +104

      The craziest part is that after appearing on this show he realized that he didn't need the people from this show because he later changed the name to Ring and the product became the most well-known thing because of TV advertisings.

    • @aannggee11
      @aannggee11 2 года назад +153

      @@josephbennett3482 nah he definitely was looking for a deal. You can see his face every time they said “I’m out” he walked away with pride knowing he would prove them wrong

  • @SMA2343
    @SMA2343 2 года назад +4438

    His answer to Mark was so good. Like, yeah of course technology is going to exist where this isn’t going to be the only one. But right NOW this is the only one. And people need doorbells, they just made a lot of excuses

    • @Bezmenov93
      @Bezmenov93 2 года назад +123

      It's fear, 700k is a lot.

    • @definitelydopeproductions7302
      @definitelydopeproductions7302 2 года назад +5

      Agreed

    • @BboyKsmooth
      @BboyKsmooth 2 года назад +18

      I may need to do my research but I don't think Ring is the only one of it's kind now. But it is the most popular and trusted.

    • @jasminesoliman4499
      @jasminesoliman4499 2 года назад +47

      @@BboyKsmooth I haven’t researched if it’s the only one like that now , but at that moment that was THE ONLY ONE

    • @BboyKsmooth
      @BboyKsmooth 2 года назад +2

      @@jasminesoliman4499 at the time for sure! It's been a while since they came out with it.
      I'm not arguing the back then. I'm arguing the now.

  • @Jdubayou
    @Jdubayou 2 года назад +5555

    Sometimes the sharks are too detached from reality to know a great product. They probably all live in mansions with tons of security cameras and personal security, so obviously they wouldn’t understand the value of this for the ordinary person.

    • @dipeshkukreja5341
      @dipeshkukreja5341 2 года назад +180

      Yea speaking in hindsight is easy..isn't it

    • @vturner
      @vturner 2 года назад +258

      exactly… almost 25% of the residents of my building are using ring

    • @jonathansoares5454
      @jonathansoares5454 2 года назад +180

      I think Ring is a better name then DoorBot the name ruined his pitch which is good that happened cause he's doing amazing

    • @camerontupper1138
      @camerontupper1138 2 года назад +11

      @@dipeshkukreja5341 hindsight is 20/20

    • @IM2MERS
      @IM2MERS 2 года назад +18

      Well not really you could see they all knew he was going to be successful but that wouldn't have mattered anyways he wasn't offering anything that would have helped them I'm sure if they joined him he still would have sold the company for a billion dollars or more even they still wouldn't have benefitted much from their investment. He knew he would be successful so he wasnt willing to offer them much of anything.

  • @MaskOfCinder
    @MaskOfCinder 5 месяцев назад +109

    5:09 Ring was sold to Amazon in 2018 for a BILLION dollars. This guy is richer than some of the sharks now.

    • @WatercraftGames
      @WatercraftGames 2 месяца назад +5

      Well-deserved.

    • @Marcusdamascus
      @Marcusdamascus Месяц назад +4

      Almost all LMAO except for mark

    • @wolves600
      @wolves600 17 дней назад

      @@Marcusdamascushe is worth 300 million so Kevin and Robert are also both richer

  • @VGM-R
    @VGM-R 2 года назад +4976

    I was thinking why would anyone get this instead of ring then I realized that this is ring. Congrats to the guy.

    • @scottreid3091
      @scottreid3091 2 года назад +51

      Was thinking the same thing

    • @JohnKatsanos1992
      @JohnKatsanos1992 2 года назад +23

      incredible

    • @HaveAGoodDayFk.U
      @HaveAGoodDayFk.U 2 года назад +79

      I was thinking the same thing and then I even looked at when this video was updated and thought there's no way someone would pitch something like this when rings out. So I looked it up and found out this was ring and it all made sense. Lol

    • @dakotaharden
      @dakotaharden 2 года назад +39

      Mr Wonderful would've made 800 something million if he'd taken the counter offer.

    • @darren3242
      @darren3242 2 года назад +10

      @@dakotaharden Lol I came here after seeing that on logans podcast, this goes to that no matter how smart or successful they are, everybody gets it wrong sometimes

  • @jasoncoffee
    @jasoncoffee 2 года назад +7849

    “Can it go to 90 Million?” Mark Cuban
    Moments Later…
    *Sold to Amazon for 1 Billion*

    • @espo3839
      @espo3839 2 года назад +162

      This guy is a billionaire too

    • @AzNightmare
      @AzNightmare 2 года назад +344

      @@espo3839 *Mark was asking if it can be a $90mil company. In hindsight, it turned out into a 2 billion dollar product.*

    • @joelen282
      @joelen282 2 года назад +31

      @@espo3839 well, actually no, since he got investments from many different firms after this, ranging up to 200 million. I’d guess from that deal he got around 40%, dont get me wrong its amazing but hes not a billionaire, except he made more money with it

    • @TheFightHubb
      @TheFightHubb 2 года назад +85

      @@joelen282 its funny tho cause im pretty sure rn the only sharks who r richer then him are mark and kevin, meaning he’s now richer then the ‘security’ guy lmao

    • @joelen282
      @joelen282 2 года назад +5

      @@TheFightHubb yh thats actually funny 😂

  • @naraendrareddy273
    @naraendrareddy273 2 года назад +4124

    He said " good luck sharks" in the end. He's worth more than a few sharks now

    • @isunknown9143
      @isunknown9143 2 года назад +138

      Worth more than all of them combined

    • @heetikamalik3568
      @heetikamalik3568 2 года назад +501

      @@isunknown9143 Marc is worth five times more than him

    • @fosterb183
      @fosterb183 2 года назад +19

      @KRAVE Kumi not Kevin but yeah mark

    • @criticalmass8328
      @criticalmass8328 2 года назад +186

      @@heetikamalik3568 Marc Cubans net worth is 4.7 billion. Jamie siminoff's 350 million. So it's more like 14 time

    • @heetikamalik3568
      @heetikamalik3568 2 года назад +13

      @@criticalmass8328 Isn’t he worth one billion?

  • @davidtaylor111
    @davidtaylor111 2 года назад +1392

    This literally revolutionized home security I can't believe the Sharks didn't understand what was going on

    • @krypto_4702
      @krypto_4702 2 года назад

      They are all rich asshats who don't understand everyday working people they got the high end expensive security systems so not a surprise at all

    • @KOK-sc8ez
      @KOK-sc8ez Год назад +64

      And he wasn’t even asking for that much money!

    • @STZ3E
      @STZ3E 11 месяцев назад +168

      That’s because the sharks spend $100k on ADT and home security systems. They don’t have people ever knocking on their door in a private and gated community like those in big estates. They simply did not see the vision for this because they aren’t middle-class people who have neighbors

    • @ingridphillip5367
      @ingridphillip5367 11 месяцев назад +6

      Sometimes people dismiss a person if they are not interested no matter what you say 💕

    • @katef4
      @katef4 10 месяцев назад +1

      IKR? It was an opportunity for the sharks to get even richer.

  • @emy4808
    @emy4808 2 года назад +359

    the company now was sold to Amazon for over a BILLION dollars. good for Jaimie, he’s a perfect example of knowing your worth and not giving up.

    • @mrkrabz1991
      @mrkrabz1991 10 месяцев назад +6

      Agreed 100%. I'm happy for him.

  • @yevgenyrad
    @yevgenyrad 2 года назад +1875

    The fact that he came with a million dollars in sales in just 9 months..
    And they say they don't see how you can 10x that is just absurd

    • @mathewkanapilly796
      @mathewkanapilly796 2 года назад +117

      Their loss he sold it to Amazon for a billion dollars

    • @bernabex2
      @bernabex2 2 года назад +11

      exactly

    • @thejuice9562
      @thejuice9562 2 года назад +58

      made a quarter million in a month and growing month over month and they couldn’t see the value.

    • @braxinIV
      @braxinIV 2 года назад +24

      And then he went and made 1000x times that when he sold to Amazon. Sharks missed a big one.

    • @kuxhbhi1000
      @kuxhbhi1000 Год назад +33

      He literally said he made 250k this month.
      They didnt even consider that😂

  • @bryan.w.t
    @bryan.w.t 2 года назад +2051

    Finally the full uncut version of this legendary pitch

    • @garbygarb31
      @garbygarb31 2 года назад +37

      The pitch could have been two hours long.

    • @lorenggg2677
      @lorenggg2677 2 года назад +11

      @Ziyan’s Power the average is 1 hour

    • @givepaddytheemmy4535
      @givepaddytheemmy4535 2 года назад +11

      @Ziyan’s Power the pitch was an hour and 20 minutes

    • @givepaddytheemmy4535
      @givepaddytheemmy4535 2 года назад +1

      @Ziyan’s Power I looked it up. Kevin says it in an interview on some news station or something like that

    • @ayyachris
      @ayyachris 2 года назад +4

      Pretty sure it could be long, they just edit and then release later.

  • @pradidorai
    @pradidorai 2 года назад +660

    He took a bold decision. His confidence has taken him places. Love this guy's attitude

  • @symbiote108
    @symbiote108 Год назад +277

    Huge improvements to the product since it's first rendition by adding a motion sensor, making the product look nicer, and then rebranding the company to "Ring" really did wonders for this. Glad he stuck to his guns and made a success through other avenues.

    • @M.A.R.V.
      @M.A.R.V. Год назад +5

      i dont think the shark could see that though he needed russell

  • @pixelseeker
    @pixelseeker Год назад +44

    4:34 !!! Fitting response ! "What businesses not going to get replaced by future technology!!!"

  • @BrentTV
    @BrentTV 2 года назад +3850

    I’m surprised he didn’t bring up the concept of catching package thief’s.

    • @anattempttomakecontent776
      @anattempttomakecontent776 2 года назад +368

      Im guessing back then it wasnt that big of an issue or ppl never saw it unless they had full security systems

    • @garbygarb31
      @garbygarb31 2 года назад +59

      The pitch could have been two hours long maybe he did

    • @Anakin.Apologist
      @Anakin.Apologist 2 года назад +107

      Or maybe back then it didn’t have motion detection

    • @sadedx
      @sadedx 2 года назад +5

      Hi SpongeBob guy

    • @Jairoalvarz
      @Jairoalvarz 2 года назад +6

      @@Anakin.Apologist it did he showed it 😌

  • @LilySayyy
    @LilySayyy 2 года назад +1509

    700k is pocket change to Mark. And he actually LIKED the product. Can't believe he didn't see an opportunity here.

    • @krisgrizzard7811
      @krisgrizzard7811 2 года назад +29

      Didn’t have a vision he also missed many more it’s not greed it’s why he and his family will be wealthy

    • @LK25278
      @LK25278 2 года назад +42

      @@depression_isnt_real the amazon products you buy arent gonna potentially earn you money though

    • @terakahn
      @terakahn 2 года назад

      Sometimes looking a product isn't enough to make it worth investing in

    • @derick3482
      @derick3482 2 года назад

      cause cuban likes to invest in sticky notes , gift cars, date , foods ,,,,anything garbage
      oh let's not forget charity !!!!! he has done ton of those basically just giving away money
      he has no creativity or vision

    • @FatherofFFD
      @FatherofFFD Год назад +8

      Arrogance can blind even seasoned intelligent investors.

  • @Lenaboebena-ly
    @Lenaboebena-ly 2 года назад +591

    This is a prime example of believing in your company and what you created! Inspiring!

  • @kimmags3441
    @kimmags3441 Год назад +121

    Yes I bought doorbot before they transitioned it to the ring. It was one of the best thing I bought. I am glad he became successful. Doorbot helped me with my anxiety and security. Thank you Jamie

  • @faisalhussain2270
    @faisalhussain2270 6 месяцев назад +158

    "What business isn't going to get trumped by future technology? Its about staying nimble and being part of that change."
    This guy is the smartest person in the room and it isn't close.

    • @lukamagicgod
      @lukamagicgod 6 месяцев назад +1

      Lol mark is

    • @jwill5892
      @jwill5892 6 месяцев назад +3

      ​@@lukamagicgodMark is SO overrated dude. He really isn't that intelligent.

    • @jessekittrell2946
      @jessekittrell2946 4 месяца назад +1

      ​@jwill5892 he's for sure intelligent. Not to mention he now has 2+ decades of being around the most successful people in America. That experience is extremely valuable.

    • @bocolatebhipbookie
      @bocolatebhipbookie 4 месяца назад +3

      if mark is so smart why did he decline this one lol

    • @zerocal76
      @zerocal76 4 месяца назад

      @@jwill5892 Yeah Mark Cuban is so overrated. Not only is he a great entrepreneur but he sparked a lot of change in the NBA like treating the players more professionally. And now he's fighting big pharma. The list goes on. But yeah, the dude is overrated 😉

  • @madhanrajj5438
    @madhanrajj5438 2 года назад +1826

    Irony is this guy became a billionaire by this product and came back to shark tank again. But this time he is a shark himself

    • @harshailani8928
      @harshailani8928 2 года назад +96

      Buddy Jamie isn't a billionaire, not yet, at the least. He's become pretty successful, and is probably worth more than a couple of sharks though. 🙈

    • @presssquareproductions2303
      @presssquareproductions2303 2 года назад +62

      his entire net worth is 350 million

    • @MultiJejje
      @MultiJejje 2 года назад +84

      @@harshailani8928 Yeah, people think he owned 100% of this company. Even if that was the case he would still have to pay taxes so...

    • @tenzing2090
      @tenzing2090 2 года назад +3

      You need to look up the word "irony". Also he hasn't become a billionaire yet.

    • @3301-w5d
      @3301-w5d 2 года назад +71

      Billionaire or not, he sky rocketed and followed his gut, that set him and his family for life

  • @ratuldeoun7228
    @ratuldeoun7228 2 года назад +619

    A lot of entrepreneurs who come to shark tank with a great product but end up not having a shark on board end up doing great because it's free advertising lol

    • @Martin-vw8wf
      @Martin-vw8wf 2 года назад +40

      And for this reason, I’m out!

    • @ratuldeoun7228
      @ratuldeoun7228 2 года назад +8

      @@Martin-vw8wf I knew you were out from the beginning 😏🙂

    • @SaintIC
      @SaintIC 2 года назад +3

      And other investors will come too

    • @the_bob_147
      @the_bob_147 2 года назад

      @@Martin-vw8wf -Barbara probably

    • @Schlex
      @Schlex 2 года назад +12

      Yeah but this product didn’t need that publicity. They literally changed their name and started blowing up when they did commercial advertisements

  • @rac3r5
    @rac3r5 2 года назад +1157

    Mark "I don't see this being an 80 or 90 million dollar business" That aged well.

    • @pxkos
      @pxkos 2 года назад +19

      Well yep instead of a 80 or 90 million dollar business it became a 100 million one

    • @gpgoat554
      @gpgoat554 2 года назад +199

      @@pxkos 1 billion one actually

    • @fancen
      @fancen 2 года назад +1

      @@depression_isnt_real no one said he was

    • @fancen
      @fancen 2 года назад

      @@depression_isnt_real who

    • @daddyfuse50
      @daddyfuse50 2 года назад +3

      That's not what he said. He said he doesn't see how injecting himself into the picture takes it there.

  • @23Kite
    @23Kite Год назад +104

    I'll never understand why the sharks passed on it. The tech was sound. There was no direct competitors. Crazy.

  • @DarkHawkk
    @DarkHawkk 2 года назад +75

    Love this Guy for believing in himself and stood upto his words without getting lured by those bunch of Jokers 🤡 ..

  • @The93Vector
    @The93Vector 2 года назад +224

    A royalty deal at 7% would have been worth $12 Million in 2016 and $29 Million in 2017. Not to mention the 5% equity would have netted him $75 Million in the Amazon buyout. Pretty greedy, and glad he didn’t take the offer.

    • @antoinewood2478
      @antoinewood2478 2 года назад +19

      Except Amazon doesn't buy the company with Kevin having a 7% royalty and likely they never ramp up sales like this guy did. That being said I don't think there is any deal he could have taken that would of ended up with more money in his pocket today.

    • @perfectbalance7329
      @perfectbalance7329 9 месяцев назад

      ⁠@@antoinewood2478they can buy out his royalty there is a clause that if it’s sold to another company the company can pay you an amount to delete your royalties

    • @Brraveit
      @Brraveit 2 месяца назад +1

      That guy's offer is always selfish.

  • @kjhghhff
    @kjhghhff 2 года назад +979

    Dude is worth more than all of them now, except for Mark.

    • @charliereilly4120
      @charliereilly4120 2 года назад +77

      Kevin has a higher net worth and Daymond is about equal with him

    • @theoneandonly1797
      @theoneandonly1797 2 года назад +7

      @@charliereilly4120 crazy

    • @SamiiRSMT
      @SamiiRSMT 2 года назад +40

      @@charliereilly4120 Mark is the only billionaire there

    • @jordanzinger3066
      @jordanzinger3066 2 года назад

      *MARK IS A BUBBLE 🫧 BOY, who acts like he a built a company from scratch and took it all the way without Immense luck. Thats the diff between this guy and Mark. I respect this guys net worth more than BUBBLE 🫧 BOY MARK*

    • @HaveAGoodDayFk.U
      @HaveAGoodDayFk.U 2 года назад +2

      And daymond and Kevin.

  • @Bbbbm2304
    @Bbbbm2304 2 года назад +252

    This is the reminder I needed to keep going despite all the rejections.

    • @alextapia0037
      @alextapia0037 2 года назад +2

      Keep it going you never know what can happen 💯🙏

    • @koplakah1983
      @koplakah1983 2 года назад +2

      @Vetements so that's what happened to Ye then?

    • @iiroyalty2519
      @iiroyalty2519 Год назад

      @@koplakah1983 uh oh

    • @chickeninabread7168
      @chickeninabread7168 Год назад

      I’ll invest. What’s the product?

  • @Gordonfreeman-halflife
    @Gordonfreeman-halflife 2 месяца назад +27

    0:02 bro was walking like a boss already knowing he was too good for them

  • @MTFISHER
    @MTFISHER 9 месяцев назад +141

    Clear message: Don’t let anyone bring you down. He is a billionaire now!

    • @SGZealotry
      @SGZealotry 8 месяцев назад +7

      No he's not... It sold for 1 billion, but to get to that point he had to sell off most of his shares. He most likely didn't have much % left at the end, definitely NOT a billionaire

    • @kingreinerbraun5416
      @kingreinerbraun5416 8 месяцев назад +3

      @@SGZealotryhis net worth 300 -335 Hundred Million

    • @mangosage7288
      @mangosage7288 7 месяцев назад +3

      ​@@SGZealotrysooner or later he will be a billion😅 he is getting passive profits while Amazon is doing all the marketing

    • @randomcomment262
      @randomcomment262 6 месяцев назад

      @@SGZealotryhe still got a good portion he doesn’t have to work anymore if he doesn’t want to

    • @SGZealotry
      @SGZealotry 6 месяцев назад

      @@randomcomment262 Okay and? I just said he's not a billionaire, I don't get how your message has anything to do with that

  • @emilcoelho1536
    @emilcoelho1536 2 года назад +192

    To those who don't know doorbot name was changed to ring and Amazon brought it for 1 billion dollars

    • @phiyuh
      @phiyuh 2 года назад +5

      Didn’t know you could bring things for a billion dollars, appreciate da heads up

    • @MaddyxElla
      @MaddyxElla Год назад

      5 billon

  • @NitsP2208
    @NitsP2208 2 года назад +1102

    Kevin would've become the most successful shark had he closed that deal.

    • @jygawali
      @jygawali 2 года назад +184

      In retrospect yes, but when you modify a circumstance -- add Kevin to the mix -- there is a possibility of a different outcome.

    • @NitsP2208
      @NitsP2208 2 года назад +33

      @@jygawali True! But with Kevin, chances of success are always higher. He did wonders with that Benjilock deal.

    • @HaveAGoodDayFk.U
      @HaveAGoodDayFk.U 2 года назад +38

      No, Jamie did a great job selling it for 1 billion to Amazon. If Kevin was in the mix I could see a very different outcome.

    • @swerveo7313
      @swerveo7313 2 года назад +7

      @@HaveAGoodDayFk.U yea,Kevin would’ve got it sold for 2 bil

    • @blckdrke8050
      @blckdrke8050 2 года назад +20

      @@swerveo7313 or they wouldn`t have sold it and amazon would`ve made a competing product insatead of buying this one

  • @wisdom_knowledge_revelation
    @wisdom_knowledge_revelation 2 года назад +81

    There's beauty is rejection. His rejection was for redirection which resulted in him becoming a billionaire.👏🏾👏🏾👏🏾Well played. Stand up for what you believe in, especially when you have to stand alone.

  • @hannahmeas7157
    @hannahmeas7157 Год назад +39

    this man made history.. he was ahead of time

  • @MarkSmithhhh
    @MarkSmithhhh Год назад +50

    The fact they didnt see the value here is wild...I got one of these the second I heard about it...brilliant product

  • @JordanStar7
    @JordanStar7 2 года назад +22

    He had a clear vision, and it paid off.. big time. Good for you Jamie

  • @user-sf9gs2pg1b
    @user-sf9gs2pg1b 2 года назад +311

    Doorbot was a horrid name, but his presentation was amazing!! Such a great way to portray the usefulness of the product.

    • @lubnaarshisayed2942
      @lubnaarshisayed2942 2 года назад +2

      Well the same product which Amazon bought later on for a billion

    • @carlosfer2201
      @carlosfer2201 2 года назад +13

      @@lubnaarshisayed2942 but when did they change the name to Ring?

    • @Harem__King
      @Harem__King 2 года назад +1

      @@carlosfer2201 before Amazon bought them.

    • @fotisxevgenis
      @fotisxevgenis 2 года назад +26

      Nike was called Blue Ribbon at first . they needed a new name and employee saw the name in his sleep ,the founder didn’t like it at first . True story 😅

    • @sajid1979
      @sajid1979 2 года назад +2

      DoorBot sounds something from Transformers.

  • @RealWomenRealStories
    @RealWomenRealStories 2 года назад +157

    It’s nice to sometimes look at the past and always get the same conclusion: No one really knows anything. It’s all luck.

    • @kindnesslove5482
      @kindnesslove5482 Год назад +5

      Its not luck. Founder had the vision. The world and sharks didn't. He got paid for it.

    • @obelus2426
      @obelus2426 Год назад

      What a bad take.

  • @jessicaflagella31
    @jessicaflagella31 2 года назад +38

    This man was ahead of his time! He knew exactly what was up!! Sharks took a huge loss on this one!

  • @nnamdi602
    @nnamdi602 Год назад +50

    The irony of this video is hilarious. Ring has literally changed everything for home security. Jamie stood his ground. He knew what he had in his product

  • @Silent_Quasar
    @Silent_Quasar 2 года назад +64

    this man changed how people answer their doors now people all over use it. the fact that they didn’t invest was very much their mistake but if they did would it be what it is now

  • @AlanSchooll
    @AlanSchooll 2 года назад +46

    In February 2018, Ring (door bell )
    was acquired by Amazon for an estimated value of between $1.2 billion and $1.8 billion.

  • @shupfan6636
    @shupfan6636 2 года назад +894

    Honestly, I think that getting rejected from shark tank was the best option for ring. Getting rejected gave them a greater incentive to improve and the publicity they gained from this helped them a ton

    • @kenthefele113
      @kenthefele113 5 месяцев назад +14

      Rejection is just redirection. It’s not failure.

    • @RomeDepaso
      @RomeDepaso 3 месяца назад +4

      What’s crazy is none of the sharks saw the value in this product, but Shaq one day ran into one of these for the first time, and immediately called the company and invested.

    • @Alex_Aramayo
      @Alex_Aramayo 2 месяца назад

      ​@RomeDepaso is that true like a quote from Shaq??

    • @RomeDepaso
      @RomeDepaso 2 месяца назад

      @@Alex_Aramayo yes look it up

  • @FriedenInMenschFriedenInWelt
    @FriedenInMenschFriedenInWelt 2 года назад +41

    He was very smart, and knew his worth!

  • @ezranok1
    @ezranok1 Год назад +34

    ,👍 I love this guy. The audacity to challenge the offer, the boldness to say no. He sees what they don't and I'm glad his story didn't end here.

  • @justdob8652
    @justdob8652 Месяц назад +23

    9:00 villain arc

  • @dougharper1492
    @dougharper1492 2 года назад +60

    This is the pitch that made sharks rethink sales. Launched 9 months ago, $1 million in sales, in the last month $250,000 is sales. What’s wrong with these numbers 🤦‍♂️
    They really grill people more about sales now.

  • @92118
    @92118 2 года назад +51

    I can't believe that they passed on such an amazing idea. Glad it became what it did for him.

    • @BigBrownGaga
      @BigBrownGaga Год назад +2

      Well he had only come in with the doorbell only…what he was missing at the time was the motion sensor that turned it into a billion dollar product…how it just starts recording without having to ring the bell

  • @Timtimzi
    @Timtimzi 2 года назад +106

    It’s crazy how much he grew this company because he stood by his growth conviction

  • @eleanoralvarado5406
    @eleanoralvarado5406 2 месяца назад +11

    My whole neighborhood now having a Ring doorbell😂

  • @AdamB5000
    @AdamB5000 2 года назад +25

    Hindsight is 20/20 for the sharks. Each of my last 3 houses has had a video doorbell, installed by me (I've moved a lot over the last few years). It's basically a staple for our family. We feel naked without it. This guy saw the future.

  • @ZainHoda
    @ZainHoda 2 года назад +277

    If you had invested the $700,000 at 10%, you would have gotten $100,000,000 when it sold to Amazon

    • @ronniekregar3482
      @ronniekregar3482 2 года назад +8

      How? He was only willing to give up 3% of the company?

    • @ZainHoda
      @ZainHoda 2 года назад +16

      @@ronniekregar3482 0:43

    • @ronniekregar3482
      @ronniekregar3482 2 года назад +16

      @@ZainHoda ahhhhhh...his original ask.

    • @WJWeber
      @WJWeber 2 года назад +1

      It was closer to 150 mil

    • @insomthegreat
      @insomthegreat 2 года назад +1

      Not with dilution.

  • @HaveAGoodDayFk.U
    @HaveAGoodDayFk.U 2 года назад +44

    The craziest part of this is a few years later he was a guest on shark tank and actually had more money then the sharks he was asking to invest in on him with.

  • @bobguy6542
    @bobguy6542 2 года назад +31

    Mr Wonderful would've made back his $700,000 with $770,000 from the interest, and approximately $45,000,000 from the equity when the company was sold.

  • @michaela6147
    @michaela6147 Год назад +17

    Man..... the sharks completely blew this one.

  • @ZomgZomg007
    @ZomgZomg007 2 года назад +35

    Doorbot has grown tremendously since the Shark Tank episode aired. Jamie has a net worth of $300 million and sold his company “Doorbot” to Amazon for more than $1 billion.

    • @adamdanmusic
      @adamdanmusic 6 месяцев назад

      How'd he lose $700m?

    • @gustavpeter840
      @gustavpeter840 3 месяца назад

      ​@@adamdanmusic equity was sold to other investors. He didnt holf 100% when the company was sold

  • @TheCookieCook
    @TheCookieCook 2 года назад +25

    5:15 : “I don’t see the progression”
    If only they knew 😂

  • @DSLACA
    @DSLACA 2 года назад +22

    He's now worth over 300 million and has more money than some of the Sharks that have appeared on the show

  • @lyzebrookie9969
    @lyzebrookie9969 2 года назад +9

    what a smart man was confident with his offer and didnt back down after being denied by all 5 sharks and look at him today hes a billionaire!

  • @sarahisatitagain
    @sarahisatitagain Год назад +5

    "It's hardwired so I can't hack into those"
    Wow.
    He sure understands about security

  • @ExplorinDoranRBrown
    @ExplorinDoranRBrown 2 месяца назад +1

    You can tell how smart and knowledgeable he is. He knew this was gonna be huge. Good work!

  • @meganjensen9517
    @meganjensen9517 2 года назад +56

    They’ll all regret this. But Robert’s issue with the product was a fair one. People’s ring cameras regularly get hacked

    • @Adam-om9hu
      @Adam-om9hu 2 года назад +16

      okay it gets hacked but what does the hacker do? See the outside to the street

    • @cc_snipergirl
      @cc_snipergirl 2 года назад +4

      @@Adam-om9hu Many people have just the doorbells, but Ring does do a full-blown security system. Like door and window sensors, indoor and outdoor cameras, etc.

    • @sandar9614
      @sandar9614 Месяц назад

      @@Adam-om9hu A lot can be done with that information alone, like pinpoint the exact location of a house.

  • @ZevMeth_originaljewishmusic
    @ZevMeth_originaljewishmusic 2 года назад +33

    This guy didn't come to play, he had his game face on at all times (except when making fun of Mr. Wonderful). He had no questions about the ability of his product!

    • @leivaandre
      @leivaandre 2 года назад +3

      He had already sold millions at the time so yeah it Was already proven in the market

  • @thecheshirecat299
    @thecheshirecat299 2 года назад +23

    They were too rich and smug to realize this was/is a product the average person could use and need. Not everyone has a security force. Also they didnt have to be so smug.

  • @anonymouscoder7791
    @anonymouscoder7791 Год назад +6

    This is a perfect example, U dont need to seek anyone's validation, u need to trust ur instincts.

  • @thetravesty9568
    @thetravesty9568 2 года назад +8

    Goes to show, just because you have money, doesn’t mean you know EVERYTHING

  • @TLabsLLC-AI-Development
    @TLabsLLC-AI-Development 2 года назад +20

    An example of how key branding awareness is.

  • @Jake-qn4rf
    @Jake-qn4rf 2 года назад +72

    I hope they look back at this and saw the opportunity they wasted by being old and unable to comprehend the value of this.

    • @celesbianmegastar
      @celesbianmegastar 2 года назад +5

      Hahaha Barbara likes to say that if she was on the episode she would’ve seen the value and invested. You think it’s true?

    • @leivaandre
      @leivaandre 2 года назад +15

      @@celesbianmegastar being she’s a real estate mogul I can believe that

    • @nikkowood7465
      @nikkowood7465 2 года назад +1

      What does being old have to do with them not investing lol

  • @learneraccount5244
    @learneraccount5244 2 года назад +11

    The way precious Lori said "I am surprised" at the end was so very sweet.

  • @higgidy1
    @higgidy1 2 года назад +7

    Every shark is kicking themselves over this one. No matter how much they say otherwise.

  • @donkeydefense
    @donkeydefense 2 года назад +69

    What they were missing originally was the motion sensor. While yes many home intruders ring doorbells, having a motion detector would have done way more

  • @ZevMeth_originaljewishmusic
    @ZevMeth_originaljewishmusic 2 года назад +30

    All the sharks made stupid excuses, which means that they secretly loved the product, and thought it would do very well! I think they realized he didn't need or particularly want a shark!

    • @IFlyByPlane
      @IFlyByPlane 2 года назад +10

      If they thought it would do well they would've wanted to be a part

  • @SevenClips__
    @SevenClips__ Год назад +14

    "We have a vision to build a big company". Played out well 💯

  • @echad6259
    @echad6259 2 года назад +54

    It's like, the rest of the world could see it's worth but the sharks couldn't

    • @uly8131
      @uly8131 2 года назад +17

      i bet you think you’re a genius saying this in hindsight lol

    • @mr.twenty-ten6319
      @mr.twenty-ten6319 2 года назад

      Why didn’t you invest in it then smart guy

    • @echad6259
      @echad6259 2 года назад +2

      @@mr.twenty-ten6319 if I knew a thing or two about investing then, I would have. These investors are human but they are the professionals, it's their show, their opinions are held to a higher standard than my own. Everyone drops the ball now and then.

    • @Martin-vw8wf
      @Martin-vw8wf 2 года назад +1

      Yea same like you look at Bitcoin now but you still won’t buy it at this price levels because you think it’s already up to high.

    • @HeXxGuyy
      @HeXxGuyy 2 года назад

      @@mr.twenty-ten6319 bitter boy

  • @FKS1994
    @FKS1994 2 года назад +18

    IMO, Jamie never planned on getting a deal. He knew his company was going to expand but needed to market it appropriately. The sales growing month-over-month was insane. He didn't need the sharks for anything. Getting on Shark Tank was all he needed and IMO, he knew enough to not make it incredibly attractive so that no shark would actually be interested. Notice how he isn't upset that anyone declined. The episode is much longer than this but I would bet he wasn't disappointed that they said no.

    • @SoloPerICommenti
      @SoloPerICommenti Год назад

      well, his evaluation was more than fine considering his sales

    • @TimeEnthusiast
      @TimeEnthusiast Год назад

      He looked sad when they denied him tho

    • @yogeshp8542
      @yogeshp8542 5 месяцев назад

      ​@@TimeEnthusiast *acted

  • @chaeryeongisanicon6626
    @chaeryeongisanicon6626 2 месяца назад +2

    This is the most brilliant idea I’ve seen on this show. It helps solve crimes, provides security, and so much more. And it’s not super expensive

  • @ratuldeoun7228
    @ratuldeoun7228 2 года назад +42

    The most legendary pitch ever!

  • @timaldridge84
    @timaldridge84 2 года назад +8

    "Am I gonna regret that Mr Wonderful?"
    Nope, Mr Wonderful will absolutely regret it though

  • @orchidpanda2253
    @orchidpanda2253 2 года назад +7

    I love that Richard Branson was the investor after ST... both laughing all the way to the bank.

  • @MindsetAlchemy
    @MindsetAlchemy Год назад +4

    I come and rewatch this episode every few weeks, helps with perspective !

  • @verycarey6144
    @verycarey6144 Год назад +3

    I remember watching this around 2013 when buying stuff online seemed kinda wasteful due to shipping costs or credit card scams. The concept of everyone getting expensive packages and regular household items delivered every week wasn’t a thing yet. Crazy how this man held the crystal ball and became richer than some of the sharks.

  • @christopherbullard6975
    @christopherbullard6975 2 года назад +11

    It’s so great watching rich people pass on the most profitable product on shark tank

  • @redneck6548
    @redneck6548 2 года назад +6

    This is a great example that not all sharks are a threat. Some are just fish in the water! Don’t rely on people’s opinion onto what will work! Sometimes it may be impossible but only until someone else goes and do it.

  • @gunscotthdgaming69420
    @gunscotthdgaming69420 Год назад +18

    "Goodluck sharks"
    Coldest moment on this show

  • @juiceaintfree
    @juiceaintfree 3 месяца назад +3

    His presentation was damn near perfect! Can't believe they didn't see it's potential

  • @EdenLinsonJoseph
    @EdenLinsonJoseph 3 месяца назад +6

    Bro after few years became richer than all of them combined

  • @jessicaflagella31
    @jessicaflagella31 2 года назад +9

    This guy didn’t even need a deal.. he needed the advertisement.. He got his ten minutes

  • @dns_garcia
    @dns_garcia 2 года назад +34

    Now it’s called ring and it disrupted security systems,
    Many people have it in their homes.

  • @scottwallofficial
    @scottwallofficial 2 года назад +13

    He sold to Amazon for 1.2B-1.8B and still kept 30% of the company…ya mark I can’t ever seeing it be worth 10 million dollars XD

  • @living-in-a-wasteland
    @living-in-a-wasteland 3 месяца назад +2

    Robert's point was spot on, Ring cameras do get hacked and live-streamed on the darkweb, hardwired is the way to go if you don't understand basic internet security.

  • @htvlogs80
    @htvlogs80 Год назад +3

    I have to say this is the biggest product to come out of Shark Tank & made a big impact on our society.

  • @jesses5465
    @jesses5465 2 года назад +12

    If Kevin accepted the counter offer his 3% would have been worth $30 million!!!

  • @jxe_rt
    @jxe_rt 2 года назад +13

    I didn’t realize at first that this aired in 2013, so imagine my confusion knowing the products available now. 😂

  • @caspianblue4141
    @caspianblue4141 Год назад +9

    Most memorable Shark TANK, ever! 😂 They all came to regret not buying into what became "Ring".

  • @charleshermosisima4749
    @charleshermosisima4749 2 месяца назад +3

    This Has to be Shark Tank's "The ONE that got Away".

  • @dianatamayo5089
    @dianatamayo5089 Год назад +3

    Perfect example of believing in yourself and taking risk against all others