DoorBot

From Shark Tank Season 05 Episode 09

DoorBot did not get an investment from the Sharks.


DoorBot

Courtesy of getdoorbot.com

3 Reasons to Love DoorBot

1. Find out who's knocking at your door before you let them in.

2. It allows you to see and speak with visitors through your smartphone.

3. You can choose to either "Accept" or "Decline" the visit from your smartphone.

Buy DoorBot at Amazon.com →

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Our Take

I do like this product. And most of the Sharks do, too. So it's a shame that Jamie couldn't nail down a deal for the Doorbot. He had an offer (yes, from Kevin, but still); I think he couldn't get over his entrepreneurial pride and accept that $700,000 is an extraordinarily large sum of money, even for a Shark. He had to know that was going to cost him more than 10% of his company.

What I don't really understand is what Mark said: he wondered where the product goes from here. Well, my assumption is that it goes to all the millions of homes that A) have smartphones and B) have a need for a reasonably-priced security feature. Right?

After four Sharks went out, that left only Kevin. His deal was pretty fair in that he wanted only 10% of sales until his money was paid back, then 7% after that - all at the low, low cost of only 5% of Jamie's company. But, as I mentioned, it seemed like Jamie couldn't come down out of the clouds to make the deal, so Mr. Wonderful kicked him off the front porch.

Buy DoorBot at Amazon.com →

The Entrepreneurs Behind DoorBot

Jamie Siminoff

Jamie Siminoff


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