The Basics Company: Doorbot (now Ring) Product: Doorbell camera hybrid (security product) Owner: James Siminoff Asking Price: $700,000 for 10% equity Final Deal: None (rejected one offer from Kevin O’Leary) Season/Episode: Season 5, Episode 9 Ring Before Shark Tank Opportunity knocked loudly on the Shark Tank doors, back in 2013, but only one of the sharks seemed to recognize the visitor. Like all brilliant ideas that revolutionize daily life, Ring was ahead of its time, and the market for it didn’t quite exist at the time of its inception. Ring is a simple concept that seems so logical and intuitive that its invention now is almost surprising – because one assumes it had already been invented. Its usefulness is so valuable to…
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