11–20 of 135 posts
I imagine there are a decent chunk of Ring customers who would have not purchased the device had it been sold by Amazon in the first place.
Bonus points for "the neighbor kid just stole your package" alert.
Makes sense, as Amazon gets further into delivery this provides a complimentary service to help keep packages secure and let customers see who shows up at the door. It would be interesting if someday you could also let a courier in remotely.
I'm surprised this isn't at the top of the frontpage. This is big vindication of all hardware startups. Will VCs go big in this category after this series of exits?
Hardware startups have been bought before. This isn't a unique event.
I worked for a hardware startup for a couple of years and VCs being cautious about the category is very well deserved.
It is easily an order of magnitude harder to develop a successful hardware product than a success software product. And even after you've sold a million of them a design defect could show itself that makes all million of them break and destroys your entire company overnight.
It's doable but very hard.
What does this mean for existing Ring customers? Considering the privacy implications and the fact that Amazon can/will do a lot more with this data than Ring did, is there a way for Ring customers to opt-out of future integration into the Amazon ecosystem? I imagine there are a decent chunk of Ring customers who would have not purchased the device had it been sold by Amazon in the first place.
What does this mean for existing Ring customers? Considering the privacy implications and the fact that Amazon can/will do a lot more with this data than Ring did, is there a way for Ring customers to opt-out of future integration into the Amazon ecosystem? I imagine there are a decent chunk of Ring customers who would have not purchased the device had it been sold by Amazon in the first place.
Ring was on the TV Show Shark Tank, and all the sharks passed on the deal. It was $700K for 10% of the company. And now it sold for more than 1 billion $.
I guess Mr. Wonderful found out and called them up to invest later. Plated just got sold to Albertsons for 300m, and O’Leary claims to have made 1300%+ return on his investment.
Poor Mark.
I love the show, I don’t think any of the sharks are “dumb money,” but I don’t think it’s an accurate representation of what a good investment for most businesses should look like.
Makes sense, as Amazon gets further into delivery this provides a complimentary service to help keep packages secure and let customers see who shows up at the door. It would be interesting if someday you could also let a courier in remotely.
What does this mean for existing Ring customers? Considering the privacy implications and the fact that Amazon can/will do a lot more with this data than Ring did, is there a way for Ring customers to opt-out of future integration into the Amazon ecosystem? I imagine there are a decent chunk of Ring customers who would have not purchased the device had it been sold by Amazon in the first place.