Published 17:18 IST, March 25th 2021
What happened to Doorbot? Here's all you need to know about Doorbot after 'Shark Tank'
In season 5 of Shark Tank, Jamie Siminoff pitched the Doorbot, a smart video doorbell app. Now fans are wondering what happened to Doorbot?
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Shark Tank is an American business reality television series that debuted on ABC on August 9, 2009. series depicts entrepreneurs pitching ir ideas to a group of five investors, or "sharks," who decide wher or not to invest in ir venture. Talking about same, in season 5 of Shark Tank, Jamie Siminoff pitched Doorbot, a video doorbell app that allows owner to see and speak to whoever is at ir door from anywhere in world via ir smartphone. Despite being highly impressive, his doorbot did not appear to be a tempting deal to Sharks, and Jamie returned home empty-handed. So, now that Shark Tank has ended, fans are wondering what happened to Doorbot?
Since Siminoff's appearance on Season 5 of Shark Tank, company, now rebranded as Ring and offering a suite of connective home security products, has seen tremendous growth. According to CNBC, brand has now been four years since Shark Tank, and business is now valued at $1 billion,” Siminoff, 41, says on an update for show, which aired on November 12, 2017.
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He also revealed that today y are over 1,300 people, 10 core products, [sold in] 16,000 stores.” Ring's investors include Virgin Group billionaire Richard Branson, who became interested after seeing one of its products. Prior to his doorbell idea, Siminoff built and sold a few or businesses, one for as much as $17 million in 2009, according to Los Angeles Times. ( profits were divided among Siminoff and his partners, with Siminoff investing his portion in new ventures.)
Doorbot's Amazon deal
Ring is a brand that everyone is more familiar with. Amazon plays a significant role in this story. Amazon picked up what Sharks h left floating in water four years before in 2017. eCommerce behemoth acquired Ring from Siminoff for a billion dollars, establishing itself as a market disruptor in home security market. Amazon is quickly becoming a powerhouse in integrated home technologies sector, and its brand recognition and established trust are making once enigmatic "Bot" welcome to join us on front step. smart doorbell provides entertainment value in dition to home security and package protection.
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Promo Image Courtesy: Ring Instagram
17:18 IST, March 25th 2021