Ring's founder went from shoveling horse stalls to selling to Amazon for $1.15 billion and says work-life balance is a myth | Fortune
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Ring's founder went from shoveling horse stalls to selling to Amazon for $1.15 billion and says work-life balance is a myth | Fortune
"But according to its founder, Jamie Siminoff, the company's rise wasn't the product of luck or a single breakthrough-it was built on relentless work. 'Work-life balance' was a phrase and a goal, not a reality," wrote Siminoff in his new book out today: Ding Dong: How Ring Went from Shark Tank Reject to Everyone's Front Door. Speaking with Fortune ahead of the book launch, the now 49-year-old said in his early days as an entrepreneur, he spent nearly every waking moment working-or worrying-about the company."
""I just didn't sleep. I mean as crazy as it is, I really didn't sleep more than a few hours a night, and I couldn't, and even if I wanted to sleep, I couldn't sleep," Siminoff told Fortune. And while Siminoff admitted it was "not good" and may have even affected his decision-making-it's the reality many founders must deal with if they are committed to staying afloat."
Doorbell startup Doorbot, later rebranded as Ring, was rejected on Shark Tank and subsequently scaled into a widely adopted, billion-dollar company. Jamie Siminoff invested intense personal energy into the venture, routinely sacrificing sleep and personal time. Work-life balance remained aspirational rather than realistic during the company's early growth. Rapid expansion brought heavy travel and back-to-back investor meetings, with nearly 200 travel days in ten months by 2017. Family compromises occurred, but selective efforts were made to include family on trips when possible. Persistent effort, long hours, and relentless focus drove the company's rise from rejection to market ubiquity.
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