Live data from Hacker News

Essential Raises $300M

bloomberg.com

21–30 of 63 posts

Re: Essential Raises $300M

#21
post #19
post #12

Earlier quoted context omitted.

They have another product as well, it's not a smartphone. https://www.essential.com/home

It's like Google Home, without the enormous company full of brilliant software engineers behind it?

But with the brilliant software engineer who played a large role in making that company enormous.

Re: Essential Raises $300M

#22
I may be biased here, but I think almost everyone here is missing the point. Yes, Essential raised $300M because Andy Rubin is at the helm, but the bet is not on the phone they just launched. Its on the Smart Home. Here's a quote from Rubin himself:

    The long-term vision for Essential, Rubin said, is more closely aligned 
    with the Essential Home, which Rubin hopes you’ll put in your kitchen or 
    living room and use to control all the connected devices where you live.
Apple has HomeKit, Google has "works with Nest" (a joke, really), Samsung has SmartThings, etc.. If he follows the same path he has with Android and decides to open up the Essential Home platform [1], then its going to revolutionize a market that has the potential of being as valuable as the smartphone. If that's not a company that's worth $1B, especially led by someone with Andy Rubin's track record, I don't know what is.

[1] I mean truly open, the way he's done with Android. The Essential phone will already be more open that most phones on the market (unlocked bootloader), there's good reason to believe the Home will be too.

Re: Essential Raises $300M

#23
post #7
post #3

This one honestly makes no sense to me. How is this company being valued at a Billion dollars with a flagship product that is indistinguishable in features and price from any of its competitors. Who the hell is going to gamble on a new, no name brand for a $700 product that is exactly like the very reputable products from Apple, Samsung, and 50 other phone manufacturers?!?

Also, what is the benefit of a "bezel-less" phone? I always put cases on my phones, ever since I dropped one and spider-webbed the screen some years back. Without a bezel, the case will be covering up part of the screen...

As it turns out, your preferences are not universal.

Re: Essential Raises $300M

#24
post #22

I may be biased here, but I think almost everyone here is missing the point. Yes, Essential raised $300M because Andy Rubin is at the helm, but the bet is not on the phone they just launched. Its on the Smart Home. Here's a quote from Rubin himself: The long-term vision for Essential, Rubin said, is more closely aligned with the Essential Home, which Rubin hopes you’ll put in your kitchen or living room and use to co…

At the Code conference, Andy said that Ambiant OS will be open source.

Re: Essential Raises $300M

#25
post #7
post #3

This one honestly makes no sense to me. How is this company being valued at a Billion dollars with a flagship product that is indistinguishable in features and price from any of its competitors. Who the hell is going to gamble on a new, no name brand for a $700 product that is exactly like the very reputable products from Apple, Samsung, and 50 other phone manufacturers?!?

Also, what is the benefit of a "bezel-less" phone? I always put cases on my phones, ever since I dropped one and spider-webbed the screen some years back. Without a bezel, the case will be covering up part of the screen...

> I use a case, therefore no one would like a phone that looks good without a case.

Not all of us are clumsy with our expensive and fragile possessions.

Re: Essential Raises $300M

#26
post #22

I may be biased here, but I think almost everyone here is missing the point. Yes, Essential raised $300M because Andy Rubin is at the helm, but the bet is not on the phone they just launched. Its on the Smart Home. Here's a quote from Rubin himself: The long-term vision for Essential, Rubin said, is more closely aligned with the Essential Home, which Rubin hopes you’ll put in your kitchen or living room and use to co…

That's good perspective. My followup question is: why build the phone, then...because it's the remote control?

Re: Essential Raises $300M

#27
post #22

I may be biased here, but I think almost everyone here is missing the point. Yes, Essential raised $300M because Andy Rubin is at the helm, but the bet is not on the phone they just launched. Its on the Smart Home. Here's a quote from Rubin himself: The long-term vision for Essential, Rubin said, is more closely aligned with the Essential Home, which Rubin hopes you’ll put in your kitchen or living room and use to co…

That's good perspective. My followup question is: why build the phone, then...because it's the remote control?

He needs to show something tangible to investors and the world. He's a phone guy, so he starts here, knowing voice assistants are still a few years away from mainstream. That'll give him a customer base and some revenue, keeping investors off his back which extends his timeline as the voice assistant / smart home market develops over next five to ten years.

Re: Essential Raises $300M

#28
post #3

This one honestly makes no sense to me. How is this company being valued at a Billion dollars with a flagship product that is indistinguishable in features and price from any of its competitors. Who the hell is going to gamble on a new, no name brand for a $700 product that is exactly like the very reputable products from Apple, Samsung, and 50 other phone manufacturers?!?

Andy created the extremely popular Sidekick phones and Android OS.

Would Android be a success if it hadn't been for Google's ability to push it very powerfully onto the market?

I'm not knocking Mr. Rubin and I'm not saying I could have done anything anywhere near as successful myself. I couldn't have. He's clearly more talented and motivated than I am.

But, I also wonder:

Is Android anything but the number one, huge outlier in his business life? Isn't it plainly evident, even now, that Android is the biggest business success Mr. Rubin will ever accomplish?

If Mr. Rubin is truly a powerful, free-thinking force for life-enhancing technological innovation, uh, why did he go away for multiple years and ... come back with ... another phone?

Again, I'm not saying I'm as good as he is. Very far from it. But, isn't way more skepticism in order?

Re: Essential Raises $300M

#29
post #9

Earlier quoted context omitted.

Perhaps Rubin's end-game is to do a fork of Android that would break away reliance on Google and then be acquired by Samsung for a few billions.

How? I can't see how fragmentation can be good for anyone. The web has made progress since the jar days but even if you go the web route, you are still a serf (to continue the analogy that we are all serfs sorry couldn't find the link). I wouldn't support a different app store that competes with Google for control of Android.

Fragmentation isn't even a thing for most people in the market for a smartphone. Anecdotally, most of my friends who uses Android isn't even aware of Google, the search giant. Most of them are only aware of Google as the account provider that they use to sign in to their phone.

Re: Essential Raises $300M

#30
post #7
post #3

This one honestly makes no sense to me. How is this company being valued at a Billion dollars with a flagship product that is indistinguishable in features and price from any of its competitors. Who the hell is going to gamble on a new, no name brand for a $700 product that is exactly like the very reputable products from Apple, Samsung, and 50 other phone manufacturers?!?

Also, what is the benefit of a "bezel-less" phone? I always put cases on my phones, ever since I dropped one and spider-webbed the screen some years back. Without a bezel, the case will be covering up part of the screen...

Agreed. Modern phones are so fragile as to make cases mandatory for anyone that doesn't just sit around all day, and bezel-less designs make it even worse while adding zero practical value.
Post reply on HN