Would You Fund It?

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)

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