Jamie Siminoff's Shark Tank Return : From Shark Tank Rejection to Guest Shark : THE INSPIRING STORY

Welcome to Geeks Around Globe !
In this inspiring video, we take a look at the journey of Jamie Siminoff, founder of Ring, from being rejected on Shark Tank to returning as a guest shark. Siminoff's pitch for his video doorbell company, Ring, was famously rejected by the sharks in 2013. Despite this setback, he continued to grow his business, which was eventually acquired by Amazon for over a billion dollars. In 2018, Siminoff returned to Shark Tank as a guest shark, proving that even rejection can't hold back true innovation and determination. Join us as we dive into the story of Jamie Siminoff's incredible journey on Shark Tank.
In this video, I interview Jamie Siminoff, the entrepreneur who was recently rejected from Shark Tank but returned to the show as a guest Shark.
Jamie's story is an interesting one. After being rejected from Shark Tank, he decided to try and pitch his business again as a guest Shark. And it worked! He was accepted this time and made a deal with one of the Sharks.
If you're interested in Shark Tank, this video is a great place to start. Jamie's story is full of insights about the show and the Sharks, as well as some great advice for entrepreneurs who are thinking of trying out Shark Tank.
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[@GeeksAroundGlobe]

Jamie Siminoff’s Net Worth in 2023 -geeksaroundglobe.com/jamie-siminoff-net-worth-update/

[@jax7018]

“I was the only one who believed in you!” “You’re dead to me”

[@Kanoog]

Still was the only one who gave him an offer and he got declined before saying that. It doesn’t make it a false statement. But it’s hard being on a bandwagon copying comments…. Lacking the ability to think for yourself.

[@michaelg5241]

@@Kanoogyeah but he would have failed with that shit offer

[@christophercrimson3490]

Offer was crap tho. Can’t get mad at people for rejecting shit offers the guys a billionaire now and better off without it.

[@raymargreene2985]

Its highly disrepectful to tell someone you just met there dead to you i guess you dont understand since your still 14 lil guy @@Kanoog

[@Geck_Gxng]

fr

[@Rey-n5g]

"I was the only one who believed in you" yeah right, because he became successful while you rejected him mr wonderful.

[@CaptainSleep]

.😂

[@milanek1527]

He gave him a bad offer i think

[@RamenReignss]

He gave him a lowball offer and Jamie declined

[@timmybarns3917]

He said Jamie was dead to him.

[@Mrmoe198]

He’s a slimeball

[@namelesschannel-sv3sv]

" i was the only one that believed in you " Everyone: nah stop the 🧢

[@MG-wm9kq]

He was being sarcastic 😂

[@Wafaloo]

Stop the what…?

[@EarlyKing]

@@Wafalooyou're definitely an adult (🧢 means cap which means lie in gen z slang btw, so "stop the cap" means "stop lying")

[@Wafaloo]

@@EarlyKing that doesn’t even make sense but thanks for explaining

[@EarlyKing]

@@Wafaloomost slang doesn't really make sense lol

[@Monipoly225]

He said " good luck sharks " and now he worth more than most of the sharks.

[@simonbionary11010]

Not most. Worth more than 1/3rd of the regular sharks.

[@CoolPajamaPants]

I was the 420th like. 😮

[@gulraizbhutta]

Sharks ego cost them this insult Hats off to jammy

[@trillaapinooo1396]

Glad he recognized that their opinions don’t represent everyone else’s

[@aznnp77]

What made Ring so valuable was not that number of doorbells they sold, which was a lot. It was the recurring monthly subscription they charge to host the Ring videos for sharing. It was really quite genius. If he had brought that to the attention of the sharks at the time, I think they would have taken a shot.

[@jdm5857]

At the time i dont think it had the video storage feature or the morion activation. Was still very raw but had a ton of potential

[@immiketyson]

MRR (Monthly Recurring Revenue) Monthly recurring revenue is the true way to earn shit tons of money. You start a contract or membership with someone (membership in his case) and you get paid. This make your business very predictable and makes others invest in it because it is predictable. This also secures revenue for the company. No customers this month? Still no problem. This also stacks up on top of other memberships and you earn exponential and shit loads of money

[@Ackieru]

that product created millions and millions of memes

[@yashjadhav3371]

Lol True, I also thought that

[@lucrusssensai3565]

You have ????

[@kodakenta]

Open the noor

[@zedeify]

​@@kodakenta Hellooo, make it boom make it boom ahh meme

[@Josh-en9ft]

DOO DOO DOO DOO DOO DOO! OH, YOU ORDER CHINESE FOOD?

[@Narutoindia1]

Bro is the real meaning of success revenge ❤

[@rcmarkiez275]

Them ring door bells got my homie locked up 💀💀

[@uk2215]

😂😂😂😂

[@AddinUpEddy]

😭

[@jesusthesoundguy]

Your homies criminal Behavior got him locked up 😅🤔

[@jacobramirez4894]

Good

[@ChesterCuijpers]

Ass hole

[@paulyd5775]

If he really believed in him, he wouldn’t have made such a ridiculous offer

[@rogerakhan74]

Shark thought that Jamie didn't do maths at school. Jamie fortunately saw that red flag right away and got the message that the product was viable as the shark smelled ongoing money.

[@ranchlife8128]

He was obviously joking.

[@Carlos-n1s]

Hater town around here 😂

[@GingerSnow22]

I worked in a BPO company and this ring doorbell is one of our products. Finally, I learned who the inventor was.❤️😊

[@marcomegala7103]

Really amazing that’s how he believed in his idea, and really Mr wonderful gave him an offer but he rejected , however he kept trying and became inspiring story

[@Bigjames069]

Why would he borrow $700,000 have to pay the $700,000 back with interest plus have to give away 10% of his business for life that is a bad deal worse deal ever

[@depressedfalconsfan2338]

Wonderfuls deals are always gambles or plain scams

[@theofficialnationwidehater]

Nah he said he was dead to him

[@rogerakhan74]

​@Bigjames069 Jamie fortunately saw that red flag right away and got the message that the product was viable as the shark smelled money.

[@ojayojeda]

He’s richer than any of them, the 2 women combined. Facts.

[@Ninoworld810]

Except mark Cuban

[@uchihaibz]

@@Ninoworld810he’s not that far off🤣

[@lionryu4447]

​@@uchihaibz Are you suck at math or something? 400 million (him) vs 6,2 billion (Mark) is not far off? Lmao.

[@Kanoog]

I mean…. You are absolutely wrong.

[@aaronfudge3742]

@@lionryu4447some estimates put him at 1.5 bil

[@Typeingggg]

Moral of this story is.Just beacuse there 4 sharks that turned you down.Dont lose hope theres alot of sharks watching.

[@ashleypeters9882]

i’m so happy for him lmao how did it go from “ you’re dead to me” to “i was the only one who believed in you” bffr

[@darrenj3718]

They tried to bury me, they didn't know I was a seed.

[@shivinunitholi2493]

Lovely storytelling! Great editing. You earned a new sub.

[@KamEltow]

They didn’t even show the clip of him returning😂 just “look who’s back!” *siri voice takes over* “YeS YoU EaRnEd A nEw SuB”

[@Hello-xb8re]

​@@KamEltowtrue 😭

[@Orrinton]

@@KamEltow fr, such a bot comment

[@Downsouthmotherland]

For the fact that he actually made an offer, really shows that he believed in him and the business.

[@Spxdets]

My friend got clowned for falling on the steps and ring caught it 😂

[@songcha9495]

U dont have to get the sharks to invest, u just gotta get the peoples attention. Someone rich out there will see ur dream and the potential ur product has. Consumers out there will want it. Dont be afraid of the sharks rejections, remember many people are watching.

[@Just_a_rover]

This is the prime example if the people you hope that they would believe even they don't believe in you but you believe in yourself you could be the greatest of all.

[@andressasalomao]

There is one person that is not dumb not even for a second and his name is Jeff Besos 👏🏽👏🏽👏🏽👏🏽 Great job !

[@kami3042]

Imagine invest 700k for 10% and now 10% is at least 100m

[@saifulislamemon]

That's not how it works always! You forgot that he had to raise 200 million to make Ring a billion dollar company. That 10% for 700k would be diluted a lot as they grew, probabaly around 1-2%.

[@rogerakhan74]

Or even if you had £5495.80 ($7000USD as of 2 June 2024) to invest them it would be £785114.20 ($1000000) today for 0.1% of the company!

[@alenachumakova748]

Well it was bought out for a billion, so I’m sure it’s worth billions of dollars down the road

[@Anlazo]

People forgetting Kevin wants him but the offer is too much, so Jamie said now. It's just business. Kudos for Jamie even though it took long 6 years before Amazon buys out.

[@monystire8024]

I love come backs like this 😏😌

[@Juju-jx3qh]

It must have felt so good to walk back in that room and greet them with "Sharks"

[@13Youngblood13]

Just subscribed to your channel really injoy your content

[@kjjr6713]

The best flex about this is I bet you the rest of the judges have rings on they home door😂

[@kushalvallechha1096]

From "You're dead to me." To "I was the only one who believed in you"

[@MalikLorenzo]

I know that feelin walkin back in was somethin very few things could recreate 💯

[@audreyangeles9429]

Dont let somebody down when u know deep inside they got potential Glad he came back and let them see he got a potential for real

[@kirahoshi5398]

He's business literally helps with solving crimes and having hilarious shots of other people

[@mazduh1566]

Which episode is this

[@Omsphat]

Jamie saved a lot of lives with that product

[@nomdeplume2213]

Jfc thats depressing... you can sell your company for 1 billion dollars and only get 300 Million.... shameful

[@wicklash9065]

700k for 10% and woulda been worth 130million today with a company worth 1.3bil.

[@ramcherfelix6818]

Jamie Siminoff - When you know, you know

[@savagetonebone8791]

Dude did believe in him he just wanted 5 % of the company and with his money as they produced more he wanted it to go up to 7 and when it was doing good he was going to go up to 10% and so on I’m glad folks told him no on the deal bc now he’s more successful then them other sharks

[@zakarianassrallah2355]

"I was the only one who believed in you!" That moment when you realize your boss is the kid you used to bully at school...

[@RJCM08]

Just wow, a huge slap to the sharks in the face who rejected it

[@liangzx]

Appears in shark tank is more than enough, theres so many sharks other than sharks in shark tank watching. If your product is good, investment will come after the show.

[@Phawks-Phire]

He spoke facts at the end and they weren't trying to hear it. Because if they did remember what it was like to be little, they wouldn't try to scam the little guys every chance they get.

[@simplytish001]

I'm so happy for him❤

[@rohitashwapratapsingh142]

Now work for yourself as well😀

[@fredericoandrade7686]

"I was the only one that belivied in you" Everyone: Are you sure about that?

[@capt.Millenial]

billionaire in 7 years. INSANE

[@BrothaJayy_]

Not a billionaire he’s worth 300 million the company was worth a billion doesn’t mean he is

[@KnownAsUnknown55]

They all believed in him being successful, but not being sky rocketing successful.

[@roseblossom5401]

What season/episode was this on

[@rogerakhan74]

Season 5 Episode 9

[@rogerakhan74]

Returned on Season 10 episode 1

[@rogerakhan74]

Also guested Season 10 episode 15 where the final clip comes from investing in Moink.

[@thecrafty1586]

Shaq invested 1M into it. Smart

[@sadiyaadado4709]

Ok now I'm crying. Resonate a lot.

[@VremyaTheRapper]

Amazon is scary its in your food , by your door , in the house ...

[@LiLiyan121]

Why did he sell it for 1B but only got 300M out of it ? Can someone make it make sense got no idea how that works

[@LillllyPad]

He needs to pay of loans and give investors their share and there’s taxes too.

[@ferrarifxxkevo3445]

"i was the only one who believed in you" 🧢🧢🧢🧢🧢🧢🧢🧢🧢🧢

[@thelabguru6742]

Love to see him boss up on them

[@hkar4385]

Petition for Aaron Krause to become a guest Shark.

[@Wetsocks6969]

I can't believe patrick bateman got to be a guest on shark tank

[@NikkiJayArtistry]

The most satisfying moment on the internet

[@suprafan246]

Damon’s face reaction was priceless

[@GeeksAroundGlobe]

Thanks for Watching and Subscribing to our Channel, Check out our Website geeksaroundglobe.com for more articles you may find interesting

[@TreeShark]

This is beyond cool! Amazing

[@thenotoriousgigachad3455]

“The best revenge is living well”- Jerry Seinfeld

[@DJTourniquet]

Funny how it says he didn't get any offers as the video shows him getting an offer lol

[@Christpattern1000]

I would have given them a free doorbell and told them thanks for not believing in me

[@iChubbs_81]

@3:10 why does it look edited like they werent standing next to each other

[@WatercraftGames]

Yes

[@dabronxguru1824]

I thought it was a great idea. 😂 how in the world they did not buy into the company.

[@mishari1018]

“I was the only one that believed in you” no shit Mr Wonderful 😂

[@JustHuman87]

Any man who calls themself wonderful….ego screaming at you

[@UmarMunir94]

"You're dead to me" this is probably the most rude thing that you can possibly say. And it was very unfair, so Shark Tank gave him justice by bringing him as a guest shark. Good punishment for egoistic sharks.

[@warallied]

There has been clarification as to why people rejected his ask - it wasnt because of the lack of proof of concept. Relative competitive market, no sales and CRAZY valuation at this stage (7mil). The fact that Kevin did it was purely to gamble on him specifically.

[@tojissock3160]

1 million in 9 months is no where near “no sales”. a 7x valuation is not crazy at all

[@ThatGuy7433]

As an investor, you see if the idea has merit. In this case, anybody can see that his ask was justified because of the vision for something like this. It's a smart idea and I believe he had a patent on it. Wasn't much of a gamble. They just had a narrow mind and are always looking for quick buck and not the bigger view of things.

[@warallied]

@@ThatGuy7433 investors, angel or technical - are always looking for risk/cost ratio. The higher the cost, the lower relative the risk must be. Even with a risk of 0, there is such a thing as too costly - which can lead to the thought of: ill never make my money back. On the flip side: someone charges 50$ but never worked in his life, barely finished high school and wants to become a streamer - you may tell yourself that its not worth it and ull never see your money again. That being said: everyone has a different many shades of tolerance.

[@Superamp777]

I’m trying to understand why they thought this was a bad idea….

[@oneproblemcanttrustanyone.9489]

He sold it for 1 billion how is he 300 million isn't the 1 billion for him?

[@runmethat9909]

As people invested they also got percentages of the company and in turn earned money on the sale the 300 Millon he took home represents the percentage he owned when it sold

[@repzz11]

And taxes

[@strike5677]

In their face, he is richest among all those 4 brokies now.

[@ineedabathgrimreaper4179]

in the end, he got a better deal AMAZON that's worth more together combined of the shark tank's the deal 1 billion dollars. Amazon worth more than 150 billion dollars × more

[@janaelqubatan]

so what does he do now? since he sold it

[@Kanoog]

Makes one good idea and now thinks he is able to lend advice to other people. It’s like accidentally making the perfect dish and now start telling other Chefs how to cook.

[@mashatheeofwallstreet.5662]

Shark tank teaches you about life.

[@petervamvakaries]

You know the sharks are actually not that big of a deal when some unknown investor casually invests 100+ million dollars to doorbot.

[@sameersaigal8452]

4:06 🤌🏻🥰

[@funnyman9616]

No, all these big investors have bought this doorbell to make sure they can keep an eye on the people

[@abdicbabakotena8566]

When you see things not going well know that God is the planner of all

[@SNGKL]

Jammie came back not as a sharks, but as a orca the apex predator!!

[@levilivesforjesuschrist]

Never give up ❤

[@nerazuronerazuro4886]

Their faces 😂 when he COME BACK as a SHARK

[@superstarreviews9937]

These guys turned down, the happy face sponge,DDP yoga and ring!! And YET bought the BROCCOLI WAD!!! Let that sink in! if you don't know,look it up! 😆 Its literally just a rubber band! 😆

[@yomawihmingmawia8750]

Way before him Koreans have that gadget since like 2000s

[@BradJamie-zz3pf]

He’s richer than all of them now apart from mark

[@MD19853]

He’s worth the same as Kevin

[@MD19853]

He’s worth the same as Kevin

[@limbuthezwarior]

What a Inspiring story ❤

[@migjtyalfie4501]

he got a deal he just didn’t want it and didn’t negotiate it

[@AngelaMcBrayer]

Dang Jamie got some work done I see 😅

[@nich5192]

In summary, when the sharks made a bad work, another investor had to appear to do it right...

[@MadamDeified]

Kevin was the ONLY one that gave an offer. A sharky offer but an offer nonetheless.

[@rogerakhan74]

The message was your product WILL make money, but the question was how desperate are you for the initial investment? The shark smelled ongoing money and Jamie was smart enough to not fall into the trap.

[@binthhidayathulla7220]

Beautifully scripted.

[@TheBrendon67]

Lol! So true!!!

[@shepopop]

An inspiration

[@TheUnoriginalOne1]

“Your dead to me” yeaaa but imma billionaire now soooo 😂

[@Boggrott]

Couldn't watch cause the ai voice 👎🏼

[@individualone]

Everyone but the sharks new Bro had something big🤷‍♂️💀

[@thobokhathola]

Nice

[@Khushikhan913]

The taste of success

[@GeeksAroundGlobe]

😍

[@KaiSingh725]

His name is Jamie Siminoff founder of DoorBot

[@keepabandthegoat3299]

Should have never sold for 1billion Def a 100 billion dollar company