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Whatβs it like to pitch your dream on Shark Tank, get rejected on national TV in front of 8 million people β and then turn that failure into a company Amazon later buys for more than $1 billion?Β Ring founder Jamie Siminoff did just that.
Now back at Amazon as a vice president leading Ring and the companyβs home-security businesses, Siminoff reflects on failure, reinvention, and what comes next in the age of AI.
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What he learned writing the book: The book was almost therapeutic β just going back and looking at this stuff. β¦ My best traits, my most powerful traits, the things that make me successful, are also the worst ones.
The importance of having a bigger mission: At Ring, if we had failed, I could still sit here today and say βWe tried to make neighborhoods safer.β At least we were successful at trying something. And so thatβs where I think mission is just so powerful.
Establishing a company culture with a strong point of view: A real culture is something that not everyone feels matches them β¦ Two things can coexist at the same time: You can have a ton of empathy and care about people and also be a hard-charger.
The inventorβs mindset: Invention is not just product. Inventionβs everything. Itβs the process. And I think you can invent everywhere. β¦ If you boil down what an inventor is, anything I see thatβs broken, Iβm fixing it. I canβt help myself.
Returning to Amazon: The thing that you get from leaving and coming back is the clarity of everything. I got to really see clearly everything we did, what we did wrong, what we did right. And so coming back, I feel like I have a newfound clarity for the business.
The impact of AI: Whatβs crazy now is with AI, all those timelines are collapsing on themselves. In the next 12 months, I canβt even imagine what weβre going to be able to accomplish. β¦ AI understands more like a human, [which] allows you to do things that are just completely different and more efficient.