Jamie Siminoff failed many times in his entrepreneurs ventures. One time by accident, he stumbled on the idea for a Wifi Video doorbell.
No one had ever done it before and every investor he pitched to rejected him.
He ran out of money many times and he was scared he will lose his company.
He kept facing many problems and rejections and yet he kept moving forward.
He fought to the teeth to make it a success and finally he sold his company to Amazon for a reported $1.2 billion.
I loved how he stubbornly stuck to his mission, his “Why”. I would have given up!.
Holy Strawberry Pie, I am excited to find out how he did it.
Shall we find out ?
What you could learn from this episode:
- What did he do to get initial investment
- What kept him moving forward in the face of rejections.
- Why he spent lot of money on the name even though he had less money.
- Why he wanted celebrities to like his products
- What moat did he build way before his competitors.
- How his product got into the hands of a billionaire
- The 3 ingredients which made him a multi-millionaire.
