Amazon buys ‘Shark Tank’ reject for $1B

shockedcanadian

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Aug 6, 2012
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Damn, life is easy for some...


https://nypost.com/2018/02/28/amazon-buys-shark-tank-reject-for-1b/

Sometimes a shark doesn’t know a good thing.

Ring, the video-doorbell company that Amazon.com Inc. bought Tuesday for more than $1 billion, was rejected by a panel of investors on ABC’s “Shark Tank” in 2013.

Jamie Siminoff, the founder and chief executive of Ring — then called DoorBot — went on the show seeking investors for his nascent business. Pitching it as “caller ID for your door,” Siminoff was seeking $700,000 for a 10% stake in the company — a $7 million valuation.
 

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