By Brian Warner
In November 2013, an aspiring entrepreneur named Jamie Siminoff appeared on Shark Tank to pitch his product DoorBot. DoorBot was pitched as a wifi-enabled “video doorbell” that synced up to the user’s smartphone allowing them to see who was ringing their door in real time. A pretty simple concept actually. Although if successful, DoorBot seriously threatened to make doorbell-ditch a very difficult game to play.
The DoorBot also came equipped with a burglary-deterrent feature that allowed users to pretend they were in the house when they actually weren’t. When Jamie appeared on the show he was already doing around $1 million in annual sales. A very impressive small business. He was seeking an investment to take his product to the next level.
Source: Celebrity Net Woth