Ring CEO Jamie Siminoff: "You just bankrupted the company."

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 5 August 2017

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Jamie Siminoff, founder of Ring, the video doorbell company, to talk about about getting rejected on national television (2:00), turning failure into funding (4:00), putting his email address on every box (11:00), being lambasted by "nasty" British customers (12:15), following the James Dyson model (14:00), doing 24 hours on the home shopping television, (17:00), starting ten other companies (19:00), getting his first outside money (21:45), spending $1m to buy the ‘ring.com’ domain (26:15), luring Sir Richard Branson as an investor (32:45), being sued by a giant rival (34:45), showing up at customers’ houses (38:00), and shipping a faulty product that nearly bankrupted him (39:45).

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Transcript

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0:32.5	Yo, technology.
0:35.5	What is it all about?
0:39.0	Sharks, wouldn't it be nice to know who was behind the door before you let me in?
0:43.0	With my product you can.
0:45.6	Rejection. It's the worst.
0:48.5	Every person I speak to you for this podcast or for the pieces I write for the Sunday times seems to have a story or several but usually
0:56.7	it occurs in a drab conference room somewhere or over a terse dispiriting phone call this week's
1:03.1	guest on Danny in the Valley is Jamie Siminoff and he went one better he went on TV as a bright-eyed
1:10.6	entrepreneur on the program Shark Tank,
1:13.4	hoping to convince one of the five investors or sharks to invest in his little startup that had
1:19.0	designed a new video doorbell. It did not go well. It's really not an internet play. It's a consumer
1:25.5	device. I just don't think it's for me. I just don't see that progression. And for that reason, I'm out.
	...

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