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Fortune
Fortune
Sasha Rogelberg

Ring's inventor was 'completely broke' before pitching his $1 billion idea to 'Shark Tank' and Amazon

Photo of Jamie Siminoff (Credit: Fortune Video)

Before doorbell company Ring was acquired by Amazon in a reported $1 billion deal and became a fixture in over 10 million American homes, the company was the tinkering project in the garage of founder and CEO Jamie Siminoff.

A doorbell that could connect to your phone, Ring—originally called Doorbot—was supposed to be cheap to produce, but instead became an undertaking that far exceeded what Siminoff had imagined. 

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