Just five years ago, wireless doorbell company, Doorbot — now Amazon’s billion-dollar Ring — was a team of eight struggling to make ends meet in CEO Jamie Siminoff’s Pacific Palisades garage. Desperate for investment, Siminoff took a gamble and applied for season five of ABC’s ‘Shark Tank,’ where he’d try to convince several multi-million dollar tycoons to invest in his concept. As Siminoff explains on his blog: “We had a good product and a great mission ‘to reduce crime in communities,’ but that alone wasn’t getting us where we needed to go. We applied to Shark Tank with the hope that…

This story continues at The Next Web

Or just read more coverage about: Amazon