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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.
Ring founder and Amazon exec Jamie Siminoffβs book, Ding Dong: How Ring Went From Shark Tank Reject to Everyoneβs Front Door, is due out Nov. 10. (Courtesy Photo)
Jamie Siminoff has lived the American Dream in many ways β recovering from an unsuccessful appearance on Shark Tank to ultimately sell smart doorbell company Ring to Amazon for a reported $1 billion in 2018.
βI never set out to write a book, but after a decade of chaos, failure, wins, and everything in between, I realized this is a story worth telling,β Siminoff said in the announcement, describing Ding Dong as the βraw, true storyβ of building Ring, including nearly running out of money multiple times.
He added, βMy hope is that it gives anyone out there chasing something big a little more fuel to keep going. Because sometimes being βtoo dumb to failβ is exactly what gets you through.β
Siminoff rejoined the Seattle tech giant earlier this year after stepping away in 2023. Heβs now vice president of product, overseeing the companyβs home security camera business and related devices including Ring, Blink, Amazon Key, and Amazon Sidewalk.