DoorBot

Ring is a home-security company best known for video doorbells that let people see and talk to visitors through a smartphone app. It was founded in 2013 by Jamie Siminoff, originally under the name DoorBot, and it was later based in Santa Monica, California. Siminoff pitched DoorBot in Season 5, Episode 9, asking for $700,000 for 10% of the company, which valued it at $7 million. Only Kevin O'Leary made an offer, and Siminoff turned it down, so the episode ended without a deal. Wikipedia and CNBC both cover the pitch. The exact terms of O'Leary's offer are reported only by Wikipedia, so we do not list them. After the show, the company changed its name to Ring and repositioned the product as part of a broader home-security system, rather than just a smarter doorbell. The product line grew to include security cameras and alarm systems. Amazon bought Ring in 2018 for a price widely reported at around $1 billion or more, and the company now operates as part of Amazon, so this page lists it as acquired. Ring products are sold on ring.com and through the Ring store on Amazon. The episode is often cited as a notable rejection, because the company the sharks passed on went on to sell for far more than the valuation Siminoff had proposed. Since Siminoff left without a deal, none of the sharks owns a piece of Ring from the show. The crowdfunding history, the rename and the acquisition price are covered in the update below.