Doorbot Buys Ring - Update

Doorbot Shark Tank Success Update

Doorbot buys Ring.com with new partner Richard Branson

 When Jamie Siminoff first appeared on the Shark Tank in Season 5, the smart doorbell known as the Doorbot was launched only nine months before meeting the Sharks. The two-way audio and one-way video doorbell already had over $1 million in sales with $250,000.00 just within the past month. It seems everyone loved the idea answering the front door from anywhere on your smartphone: we'll everyone except for the Sharks.

The Sharks appeared to like the Doorbot now re-branded as Ring Wi-Fi Enabled Video Doorbell, but surprisingly, none of the investors was willing to make Siminoff a decent offer even with these impressive early online sales. Perhaps it was because Jamie was asking for a $700,000.00 investment in exchange for a 10% stake in the brand new business? The $7 million valuation may have seemed inflated for a brand new product at the time, but in less than two years the Doorbot's valuation is now closer to $70 million making it one of the biggest Shark Tank Success Stories in the History of the Show.

Shark Tank Season 7

Shark Tank Season 7 Episode Guide

List of Shark Tank Products from Season 7

New Shark Tank Sharks Ashton Kutcher, Troy Carter and Chris Sacca
Shark Tank Season 7 new Guest Sharks
Chris Sacca, Ashton Kutcher and Troy Carter
 As you might expect, Shark Tank Season 7 premiering September 25, 2015, is already lining up to be the Best Season Ever. I might have said the same thing last year about the same time, and maybe even the Season before that. But you know what? I'm Always Right because the Shark Tank is by far the Best Business Reality Show in the History of All Reality TV Shows. Over 125 Entrepreneurs are scheduled to appear in Shark Tank Season 7, with what appears to be a strong emphasis on Internet Tech related products.

All three of the Guest Sharks scheduled for Season 7 including Ashton Kutcher, Chris Sacca and Troy Carter all have one primary thing in common.

Chris Sacca on Shark Tank

Chris Sacca Guest Shark Tank Investor on Season 7

Owner of Lowercase Venture Capital Firm

Chris Sacca seen on Shark Tank Season 7
Chris Sacca newest Shark Tank Investor in Season 7

 Who is Chris Sacca, and how the heck did he become a Guest Shark in Season 7? As far as who Chris is, we'll, He's a very successful Venture Capitalist always wearing stylish Western Cowboy shirts. Sacca's joining the small elite club of Shark Tank Guest Sharks with a resume that's as impressive as any Investor ever seen on the Show. In fact, Chris Sacca's only the 5th Billionaire so far seen on the Shark Tank including ALL Angel Investors seen on the Show. Without a doubt, everyone knows the Internet Start-Up Companies He's personally invested in, and more importantly, worked with, to make Chris Sacca the perfect choice for a Shark Tank Investor in Season 7.

For starters, Chris worked for Google in a senior management position with mergers and acquisitions and was a Founding Team Member of the New Business Development Organization. At one time, Sacca carried six different Google business cards with as many roles while helping build the soon-to-be Internet Giant we know today.

Sacca eventually started Lowercase Venture Fund with Matt Mazzeo, investing in new Internet Technology Start-ups including Twitter, Uber, Kickstarter and Instagram to name just a few. In the process, Chris made himself a Billionaire before the age of 40 years old.

Troy Carter on Shark Tank

Troy Carter Guest Shark on Shark Tank Season 7

Talent Manager/ Angel Investor Troy Carter

Troy Carter on Shark Tank Season 7
Troy Carter Shark Tank Guest Investor in Season 7
 What does Lady Gaga, Will Smith and the Shark Tank Show all have in common? His name is Troy Carter, and soon to become an elite Shark Tank Guest Investor on Season 7 premiering September 25, 2015. I'd imagine a few  Shark Tank Fans might not know who Troy Carter is just yet. But one thing is for sure, everyone's heard of the A-List Celebrities, Musicians and start-up tech companies Carter's personally worked with during his successful career.

At the age of 17, Troy Carter dropped out of West Philadelphia High School to start a new rap group called "2 Too Many" that eventually was signed by Will Smith's Label "WilJam Records". Does anyone remember Will Smith's famous rap song for his Hit TV Show called "The Fresh Prince of Belair"? In a lot of ways, that song is about Troy Carter's real life growing up. Carter also worked with Sean Combs early in his career with Bad Boy Records helping solidify his successful reputation within the music industry.

By 2006, Troy Carter was in serious financial trouble according to his Wiki page.

I Want To Draw A Cat For You Update

"I Want To Draw A Cat For You" Back In Business

"Cat Drawing Guy" Get's Massive Pay Raise

$1000 drawing from Mark Cuban on Shark Tank
Rare $1000 Cat Drawing from
Mark Cuban now Highly Collectible
How does a business with a 1000% markup go out of business after an appearance on the Shark Tank Show? After 18,794 Cat Drawings, Steve Gadlin decided to close down "IWantToDrawACatForYou" earlier this year after becoming famous on the Shark Tank during Season 3. Steve received a $25,000.00 investment from Mark Cuban for 33% of this customized product with the highest markup in the History of the Shark Tank. The cost of the product was minimal consisting of a piece of paper, an envelope, a stamp and two minutes of Steve Gadlin's time drawing stick figure cats. When you consider the 18,000 cat drawings sold for $9.95 each, you'd think Gadlin would be drawing cats forever, but then he simply quit and walked away from his cat drawing career. .

On the surface, the Cat Drawing Guy numbers looked impressive, that is until you add in Mark Cuban's 33% stake in this successful small business. Sure, Cuban added to the bottom line drawing ten cat drawings at $1000.00 each as per their agreement during the Shark Tank Episode, but it was more for publicity than anything else.

Forbes Magazine just did an update with Mark Cuban and the "I Want To Draw A Cat For You" deal filled with inconsistencies and was the inspiration to do another update for this Shark Tank product. For starters, the headline reads "Billionaire Mark Cuban Draws Cats, Sells Them For $1000 Each" which was published August 6, 2015. That's a full seven months "after" Steve Gadlin stopped accepting any more cat drawing requests from the site that reportedly Mark Cuban was not very happy about at the time.