Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

What does Google's acquisition of Nest mean for the hardware sector and hardware entrepreneurs?

4 Replies

Chris Cinelli
0
0
Chris Cinelli Entrepreneur
Staff Engineer at BloomBoard, Inc.
That if you come from the Y Combinator and you have Google Venture behind your shoulder you can be successful even as a hardware startup ;-)

Beside that, if you have a product and a team in whichbigger companies likeGoogle or Apple have a strategic interest, you may have a great exit like Nest.

If we start hearing other stories like Nest, VCs may re-think their aversion toward hardware startups. Even just this story may already make more easy to raise money as a hardware company.

However the basics of economics rest in place. If you are growing a hardware company more organically, on average it will take a lot longer time to reach the same profits that a software company has because of the lower margins and slower distribution speed. Of course everything is very relative and need to evaluated case by case.

I have been fascinated by smart hardware since I was a child. I really think that there are great opportunities if you have the right product.
Andy Keil
0
0
Andy Keil Entrepreneur • Advisor
Building smart products at Waldo Photos
Google just validated the connected home and you can expect a lot more competition to crop up.

Enter the Google Home ...
cbgsfghjsfhjs arggadghA
0
0
Brightway Insurance & KnowMyNestegg.com

Internet of Things... I had pitched a fewtech VCs on some of this a few years back 09/10 and only had my ideas copied, much of this in inevitable. As "things" come online there will be a lot of Hardware companies that crop up remaking standard "things" with radio communications ability added on.

The Hardware is aLoss Leader. Data isthe real gold.

Look at Liquid Robotics"Wave Glider" for a business model. The actual product/robot they make is not for sale. What they are willing tosell is the Data collected by their army of ocean roving robots.

See SmartThings and NinjaBlocks for land lubber players. They are making a radio "hub" and allowing developers to build on their "hub platform". Exact stuff I was trying to get ahead of a few years back. It will be a fun run up to 2020.

Shahab Layeghi
0
0
Shahab Layeghi Entrepreneur
Software Professional
I think Google acquired them for their Hardware and specially Software.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?