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In November 2013, Ring was founded as Doorbot by Jamie Siminoff. Doorbot was crowdfunded via Christie Street, and raised US$ 364,000, more than the $250,000 requested. [1] [4] [5] Siminoff's team envisioned the product's concept as an "alarm system literally turned inside out" in comparison to other security systems, describing it as a "pre-crime" system. [6]
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Valuing Doorbot at $7 million and asking for $700,000 for a 10% stake, Siminoff touted the budding company’s impressive online sales and a strong mission to make neighborhoods safer through ...
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