The days of consumer hardware company's access to startup capital is over. With so many high profile VC backed (Fitbit, GoPro, Hello, Juicero, Coin, Pearl, ect.) and kickstarted (Lily.ai, Pebble) failures, no one is willing to risk it.
Jawbone is being liquidated as its CEO launches a related health startup
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Re: Jawbone is being liquidated as its CEO launches a related health startup
#12It's been a long bumpy road for Jawbone, 20 years is really sad to see it ending like this.
Yeah I remember seeing the CEO speak at one of YC's events. They even had their doors chained up when they ran out of money many years ago. If I'm remembering correctly they almost sorta died twice prior to today. Resilient but seems they never could get to sustainable profits.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#13Second time today we see reporting on SF tech startup woes (see SoundCloud as well). In case it's helpful, http://www.layoff-aid.com is avaiiable for SF tech talent affected by downsizing in both cases. What an epidemic.
Soundcloud is a German company based in Berlin...
Re: Jawbone is being liquidated as its CEO launches a related health startup
#14The days of consumer hardware company's access to startup capital is over. With so many high profile VC backed (Fitbit, GoPro, Hello, Juicero, Coin, Pearl, ect.) and kickstarted (Lily.ai, Pebble) failures, no one is willing to risk it.
I think there's still a ton of potential though. The right company just needs to come up with the right formula.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#15Second time today we see reporting on SF tech startup woes (see SoundCloud as well). In case it's helpful, http://www.layoff-aid.com is avaiiable for SF tech talent affected by downsizing in both cases. What an epidemic.
Hired.com is pretty good too. I'm now happily working at a low-key company that I would've never heard about thanks to Hired.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#16The days of consumer hardware company's access to startup capital is over. With so many high profile VC backed (Fitbit, GoPro, Hello, Juicero, Coin, Pearl, ect.) and kickstarted (Lily.ai, Pebble) failures, no one is willing to risk it.
> The days of consumer hardware company's access to startup capital is over.
So I haven't worked at a hardware start-up but it seemed pretty difficult even before these companies to raise funding versus a pure software play. I'm not necessarily convinced this makes it easier or harder. Is there a specific reason you think it will be harder now?
Also, for what it's worth, Fitbit and GoPro are still going. I'm convinced Fitbit can get back on the growth curve as long as they can get a new product out the door that consumers want. Tall order for sure but I don't count them as a failure yet.
GoPro want to move to doing software more so than hardware. Considering their software has always considered to be lackluster to borderline terrible I'm less convinced they will turn it around but also not yet willing to say they're a failure.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#17The days of consumer hardware company's access to startup capital is over. With so many high profile VC backed (Fitbit, GoPro, Hello, Juicero, Coin, Pearl, ect.) and kickstarted (Lily.ai, Pebble) failures, no one is willing to risk it.
> The days of consumer hardware company's access to startup capital is over. So I haven't worked at a hardware start-up but it seemed pretty difficult even before these companies to raise funding versus a pure software play. I'm not necessarily convinced this makes it easier or harder. Is there a specific reason you think it will be harder now? Also, for what it's worth, Fitbit and GoPro are still going. I'm convince…
In 2014, there was piles of "success stories" for VCs to look at and the market was hot. Most of those successes have turned into down rounds or complete shutdowns in the last year.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#18The days of consumer hardware company's access to startup capital is over. With so many high profile VC backed (Fitbit, GoPro, Hello, Juicero, Coin, Pearl, ect.) and kickstarted (Lily.ai, Pebble) failures, no one is willing to risk it.
> The days of consumer hardware company's access to startup capital is over. So I haven't worked at a hardware start-up but it seemed pretty difficult even before these companies to raise funding versus a pure software play. I'm not necessarily convinced this makes it easier or harder. Is there a specific reason you think it will be harder now? Also, for what it's worth, Fitbit and GoPro are still going. I'm convince…
It's so easy for Shenzhen to just copy them though. There's nothing defensible about hardware.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#19Second time today we see reporting on SF tech startup woes (see SoundCloud as well). In case it's helpful, http://www.layoff-aid.com is avaiiable for SF tech talent affected by downsizing in both cases. What an epidemic.
Soundcloud is a German company based in Berlin...
But the tech talent in SF was laid off today.
Re: Jawbone is being liquidated as its CEO launches a related health startup
#20Second time today we see reporting on SF tech startup woes (see SoundCloud as well). In case it's helpful, http://www.layoff-aid.com is avaiiable for SF tech talent affected by downsizing in both cases. What an epidemic.
if layoff-aid.com is your site, you should 301 to HTTPS.
Thank you