Jamie Siminoff created Doorbot. It is a doorbell with a built-in camera. Users can see and talk to visitors through their phones. Jamie pitched his idea on Season 5 of Shark Tank. He asked for $700,000 for 10% equity. Doorbot became the first video doorbell.
This innovation made homes safer and smarter. Today, it is a household name. Jamie believed in his product. He knew it had potential. Will the entrepreneur get a deal on Shark Tank? Check out the DoorBot update to find out!
DoorBot (Ring) Net Worth Shark Tank Update 2025
Jamie Siminoff went on Shark Tank asking for $700,000 for 10 % of his company. This meant he thought his business was worth $7,000,000. He did not make a deal with any Shark. The episode was aired on November 15, 2013. The video doorbell business was later rebranded as Ring and became a global success, eventually acquired by Amazon in 2018 for over $1 billion. Using the viral/heavy-traction method, the current net worth of Ring is estimated to be around $1 billion in 2025.
Jamie did not get a deal on Shark Tank. But he did not give up. He improved Doorbot. He worked hard on its features. Later, Doorbot became Ring. Ring is now one of the most famous brands for home security. In 2018, Amazon bought Ring for over $1 billion.
Jamie stayed as the CEO of Ring. Ring doorbells are sold in big stores and online. The company grew even without a Shark Tank deal. Jamie’s decision to reject the Sharks’ offer turned out to be a smart move.
No, Doorbot did not get a deal on Shark Tank. Kevin O’Leary made an offer. He wanted $700,000 for a 10% royalty. This would drop to 7% after the money was paid back. Kevin also wanted 5% equity in the company. Jamie did not like this deal.
He countered with $700,000 for a 10% interest rate and 3% equity. Kevin rejected Jamie’s counteroffer. None of the other Sharks made an offer. Jamie left the tank without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | $700,000 for 5% equity | $700,000 for 3% equity | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
DoorBot (Ring) Shark Tank pitch
Jamie Siminoff was passionate about inventing new ideas. He created innovations in his workshop. One day, he came up with a thought. He aimed to create an intelligent doorbell. Jamie reflected on how difficult it was to hear the doorbell when he was working. He chose to develop a solution. The outcome was Doorbot. It was a camera-equipped doorbell. It allowed users to view visitors via a smartphone application.
Jamie encountered numerous difficulties. He required funds to create his product. He also had to locate individuals who supported his concept. Jamie dedicated several hours to enhancing Doorbot. He encountered rejection, yet he persisted. Initially, Doorbot encountered numerous problems. Its design was flawed. Certain features did not function properly. However, Jamie paid attention to customer opinions. He endeavored to resolve every issue. He had faith in his vision.
Jamie stepped into the Shark Tank with confidence. He demonstrated to the Sharks how Doorbot functioned. He described its characteristics. Doorbot allows users to view and communicate with guests from any location. It operated via a mobile application. Jamie remarked that it transformed home security.
He informed the Sharks about his sales. Doorbot achieved $1 million in revenue within nine months. Jamie mentioned that the business was expanding rapidly. He expressed his idea of enhancing home safety.
Jamie requested $700,000 in exchange for 10% equity. He estimated the worth of the company at $7 million. The Sharks believed this assessment was excessive. Jamie stated that he required money to enhance the product and grow.
The Sharks possessed numerous inquiries. Lori Greiner inquired about the cost. She questioned whether individuals would spend $199 on a doorbell. Jamie discussed the importance of the product. He mentioned that it provided safety and ease.
Daymond John inquired about Doorbot’s place in the market. Jamie mentioned it was one of a kind. It was more than simply a doorbell. It was another surveillance camera.
Mark Cuban inquired about potential growth ahead. He was curious whether Doorbot could grow into a major brand. Jamie expressed his belief that it might be able to. He revealed his strategy to broaden his reach to additional residences.
Robert Herjavec expressed worries regarding hacking. He feared that the camera might be compromised. Jamie confirmed to him that the product was safe.
Kevin O’Leary inquired about profit margins. Jamie stated that the cost to produce each unit was $82, while the selling price was $199. Kevin enjoyed the margins.
The Sharks provided varied replies. Lori mentioned that the item cost too much. She didn’t believe anyone would purchase it. Mark appreciated the concept but believed the valuation was excessive. He mentioned that he aimed to invest in something with greater potential. Daymond couldn’t understand how Doorbot was relevant to the market. He didn’t believe it was distinctive enough.
Robert was concerned about security problems. He mentioned that he had no interest in home surveillance. Kevin proposed a deal. He requested a 10% royalty and 5% ownership. Jamie was not fond of the royalty. He responded with a 10% interest rate and a 3% ownership stake. Kevin declined this counterproposal. None of the Sharks presented an additional offer. Jamie departed without an agreement.
What Went Wrong With DoorBot On Shark Tank?
Doorbot failed to secure a deal due to multiple factors. The Sharks felt the assessment was excessively elevated. They were uncertain if the product would be successful in sales. Lori mentioned that the cost was an issue. Mark did not envision it growing into a large corporation. Daymond and Robert questioned its position in the market. Kevin’s proposal included a royalty.
Jamie was not a fan of this. He desired a deal that involved only equity. This conflict resulted in no agreement. The Sharks were also concerned about the rivalry. They believed that other companies could produce comparable products.
Product Availability
The doorbot transformed into Ring. Ring is a prominent brand in home security. It provides video doorbells, cameras, and various other items. Ring doorbells possess distinct characteristics. They allow users to view and communicate with guests from any location. The devices are equipped with motion detection and night vision capabilities. Ring products can be found in retail locations such as Best Buy and Home Depot.
They can also be found online on Amazon. Costs differ based on the model. The standard Ring doorbell begins at approximately $99. Ring provides various models to suit diverse requirements. There are both wired and wireless choices. Certain models include enhanced functionalities such as 3D motion detection. The business additionally offers a mobile application. It allows users to manage their devices. Clients may enroll in a Ring Protect plan for cloud storage services.
Conclusion
Doorbot’s journey on Shark Tank ended without a deal. But Jamie Siminoff did not give up. He turned Doorbot into Ring. The ring became a huge success. Amazon bought it for over $1 billion. Today, Ring products are used by millions.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
