
625: From $70M in Debt to $1B Amazon Deal in 45 Days | Jamie Siminoff
22.01.2026
0:00
53:04
One billion dollars. That’s what today’s guest built — after being
rejected on Shark Tank, nearly going bankrupt multiple times, and
spending millions before making a single sale. In this video, Jamie
Siminoff, founder of Ring, breaks down the real story behind building
one of the most successful hardware startups of all time and selling it
to Amazon for over $1B.
What you’ll learn in this video:
• How to validate and pre-sell a hardware product before manufacturing
• The real cost of R&D when building a physical product business
• How Shark Tank rejection can accelerate growth, not kill it
• Why domain names matter more than founders realise
• How Ring survived massive supplier debt and cash pressure
• The risks of scaling too fast and hiring ahead of systems
• How constraint and pressure forced breakthrough growth
• What founders get wrong about raising capital vs bootstrapping
By the end of this video, you’ll understand what it truly takes to build
a billion-dollar hardware or eCommerce company — and how to avoid the
mistakes that silently kill most physical product startups.
If you’re serious about building something real, durable, and valuable,
this episode will change how you think about product, money, and scale.
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CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
CONNECT WITH JAMIE
Website → https://ring.com/
LinkedIn → https://www.linkedin.com/in/jamie-siminoff-aaa44238a/
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