The Sharks Struggle To Understand Doorbot’s Value | Shark Tank US | Shark Tank Global
Jamie Siminoff is seeking $700,000 for a 10% stake in Doorbot From Season 5 Episode 9 Watch The Entire Series on Google Play: https://play.google.com/store/tv/show?id=FV7PwP5B-nU&cdid=tvseason-E1PGOJ1VJ8Q&hl=en_US&gl=USSubscribe to Shark Tank Global for more from your favorite shows: https://www.youtube.com/channel/UCREgA-BmOocJ9Is_bZV6aJQ FOLLOW SHARK TANKShark Tank Global Facebook – [https://www.facebook.com/GlobalSharkTank] About Shark Tank: The Sharks – tough, self-made, multi-millionaire and billionaire tycoons […]
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Yoo
The name was later changed to Ring and was sold to Amazon for 1 billion dollars, never give up.
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
Well that’s a shame
They all sure regretted passing on this.
Imagine if they would have took that deal.. tuh your lost!
Barbara: My mattress couldn't fit the billion dollars I would earn from investing in this company, and for that reason I'm out.
what a fumble by the sharks 😂
Little did they know what they were missing out on
Finally the full uncut version of this legendary pitch
i wanted to see this pitch for such a long time
great idea,pitch and ofcourse founder
Anyways,I guess we can say that now he has more than a 700k
Pompous
It's like, the rest of the world could see it's worth but the sharks couldn't
And now everyone has a Ring door bell lol
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.
23rd comment
Often it's not the product, it's the entrepreneur and the pitch that generate an investment. The Sharks just didn't like this guy
The door bot needed to raise 400Million USD in investment and with it the entrepreneur lost a decent chunk of his equity
The entrepreneur's current net worth is 350M USD which is not ba but he did not become a billionaire
Dam $700,000 Could of been 100 Million.
Kevin would've become the most successful shark had he closed that deal.
The most legendary pitch ever!
he is now a shark a solute goes to you Jamie
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
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
I think down the line someone can buy this company for 1bil.
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.
I was like, Isn't this just Ring? But Doorbot became Ring.
These morons really missed an opportunity lol
Does it even unlock the door? He didn't show the working of that
Dude is worth more than all of them now, except for Mark.
Talk about fumbling the bag 🤣🤣😂😂
Rejected by these two bald men,this guy went on to meet the real bald man,Jeff Bezos 😀,and took out 1billion dollars
No one in their right mind would ever want to purchase one of these- Said the misguided person eight years ago.
I can't believe that the sharks couldn't see the value in this
This is a billion dollar company now.
Wow
That was a sharky offer! He was right to decline it
It's funny watching the sharks talk about how the product can't become big, knowing the company sold for a billion
1:06 Did this guy literally say his doorbell camera is the first doorbell camera that connects to a Smartphone? Pretty sure over 90% of them do.
No Mr Wonderful, he aint dead to you. 1 billion usd is dead to you.
RING
And just like that he goes out and sells it for a billion, what a lose for the sharks.
If you had invested the $700,000 at 10%, you would have gotten $100,000,000 when it sold to Amazon
Lmao sharks fumbled the bag
Stud
Listen, Man United might not thank me but get the contract out, put it on the table. Let him sign it, let him write whatever numbers he wants to put on there, given what he's done since he's come in. RANGNICK'S (Ole 3.0) at the wheel, man. He's doing it. He's doing his thing. MAN UNITED ARE BACK!!!!!
I wonder if they had regrets about not getting a deal.
What's three percent of a billion?
Mark Cuban of all of them missed out on a great deal
Kevin’s offer is the worst offer I’ve ever heard. I like Kevin a lot but that offer literally could ruin any company
Good on him for not taking a terrible deal just because he didn’t have any other choice. It paid off big!
didn't this "RING" a bell for the sharks??? lol
Lmao this is ring before the name. Sold for I think which was 1 billion to jeff bezos.
I think Shaquille O'Neal has invested too and made alot money of it.
5:16 Try $1.8 Billion
Probably the only deal in Sharl Tsnk History that the sharks cant feel stupid for not closing on!!!
Guess nobody needs peep windows anymore. Its soooooo common just to look at a screen right? Next put one in every room, why not the shower. Then elon musk will link it into his Tesla's 👎👎👎
Lmao the sharks are more like special needs sharks in this one
Now it’s called ring and it disrupted security systems,
Many people have it in their homes.
robert was right about the hardwire!
Mark wasn't unable to see the progression to 80 million, because Amazon brought it for billion dollars.
His business explodaded. He knew what he had. It's the equivilant of trying to tell old inbestors about Bitcoin pre 2017.
To those who don't know doorbot name was changed to ring and Amazon brought it for 1 billion dollars