Kevin O'Leary says Ring founder Jamie Siminoff's decision to turn down his Shark Tank offer in 2013 cost him around $800 million (£608 million). The investor known as Mr Wonderful set out the figure on Logan Paul's Impaulsive podcast, and the clip has begun circulating again on X.
At the time, the product was not even called Ring. Siminoff pitched a smartphone-connected doorbell called DoorBot, asking the sharks for $700,000 (about £530,000) in return for 10 per cent of the business, a valuation of $7 million (£5.3 million).
