Siminoff: Selling to Amazon or IPO Were Ring's Only Acceptable Exits
Jamie Siminoff · Ring CEO Jamie Siminoff: The $1BN Amazon Acquisition; How Richard Branson Invested | 20VC #984 · 20VC with Harry Stebbings · Mar 3, 2023 · at 39:25
Ring founder Jamie Siminoff discusses the strategy leading up to Ring's $1 billion acquisition by Amazon in 2018.
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“I told my investors, I told Amazon, I was either going to go public or sell to Amazon. Those are my two options. And it was because the only company that I felt would really take the mission Take it and allow us to keep executing on it and stay true to it was Amazon or staying independent and go public. I did not know of another company that would buy us and truly honor what we were trying to do.”
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