Amazon Paid $1 Billion For Shark Tank Reject

Jamie Siminoff went on ABC's "Shark Tank" to pitch his company Doorbot back in 2013.  

The Doorbot is a WiFi-enabled doorbell that lets you see video of and talk to people as they arrive at your front door.  Jason pitched the idea, but the judges weren't convinced.   Kevin O'Leary was the only one that didn't pass and he made Jason an "unacceptable offer".  

"I remember after that 'Shark Tank' episode literally being in tears," he told CNBC Make It.  "I needed the money, we were out of money at the time."

Well, those folks probably wish they had paid more attention.  The business, now re-branded as Ring is valued at $1 billion.  

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