Jamie Siminoff started Ring in 2011 after making the world’s first wi-fi video doorbell in his garage. Despite receiving no investment offers when he appeared on Shark Tank in 2013, Jamie remained dedicated to Ring’s mission to make neighborhoods safer. Within a few years, his persistence paid off: Ring had captured 97% of the video doorbell market.
The company was acquired by Amazon in 2018 for $1 billion, making it the most successful company to ever appear on Shark Tank to date. Though Jamie didn’t receive any offers when he pitched the sharks, he has since returned to the show as an investor, encouraging other founders of mission-driven companies.
Here are his insights on what business success really means, what he wishes he knew before starting Ring, and the importance of having a mission to drive your business forward.