Ring.com

company on 1 show · 3 statements across 3 episodes

20VC

3 statements about Ring.com, every show

20VC Assertion Supported
Schneider: True Ventures' three recent major exits were outside Silicon Valley
“If you look at the True Ventures portfolio, we had three very big exits over the last two years. Ring.com to Amazon, Duo Security to Cisco, and most recently, the Peloton IPO. Now, these three companies have one intriguing thing in common. They were all built …”
Tony Schneider Mar 16, 2020 ▶ 24:11 20VC: True Ventures' Toni Schneider on How Being CEO @ Automattic (Wordpress) Made Him A Better Investor, The Biggest Lessons from Automattic on Running Successful Remote Teams and The Right Way For Investors To Show Founders They Have Their Support (Note
20VC Assertion Partly supported
Ring founder Jamie Siminoff spent $200K on an option for Ring.com
“At the time, you know, we were only raising three and a half million dollars. The ultimate cost for Ring.com would be a million dollars. But he said, hey, I have an option to buy it for a million dollars, but spending 200 K a day.”
Adam D'Augelli Dec 16, 2019 ▶ 22:40 20VC: How To Think Through Portfolio Construction and The Business Model of VC, Why You Cannot Grow Ownership In Your Best Companies Over Time & How To Make The Space for Serendipity To Strike in VC with Adam D'Augelli, Partner @ True Ventures
20VC Prediction Didn’t hold up
Ring will generate hundreds of millions in revenue in 2016
“He's, you know, going to do, you know, hundreds of millions of dollars of revenue, if not more this year.”
Wesley Chan Jun 29, 2016 ▶ 24:11 20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster

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