2013 · TV pitch
Would you have funded Doorbot (later Ring)?
A doorbell that rings your phone
A founder has built a Wi-Fi doorbell with a camera. When someone presses it, your smartphone rings and you can see and talk to the visitor from anywhere. He has already crowdfunded the first units and is selling them online.
- Asking $700,000 for 10% of the company, valuing it at $7 million
- Raised $364,000 in an earlier crowdfunding campaign
Show what happened
🦄 Breakout
Doorbot (later Ring) Amazon bought the company, renamed Ring, in 2018 for about $1.15 billion.
On the TV pitch show: The TV investors passed. One offered a loan-style deal, which the founder turned down.
Sources: Ring (company) (Wikipedia)