51–60 of 135 posts
Perhaps a stupid question, but where does the $1bn. valuation come from? Amazon already make hardware, including cloud cameras, would it have been so hard for them to make a doorbell in-house?
Earlier quoted context omitted.
I don't think this validates this space at all. If your only exit strategy is to get acquired by a big 5 you're already in trouble. Hardware is pretty freaking hard. Just look at recent examples of public hardware companies: FitBit / GoPro. Both doing like crap, struggling to maintain their grab on the market and looking for acquirers. Honestly, I think this is a very unattractive sector, at least in this side of the…
Business is hard, whether it's hardware or software. I think a lot of software-based companies wish they were "doing like crap" the way Fitbit is -- navigating through a couple years of unprofitability using a large pile of cash gained through years of profit. Disclaimer: I work for Fitbit but speak only for myself.
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 $.
fun fact: that 100M is worth more than some of the investors on shark tank
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 $.
> Siminoff says a Ring customer happened to be vacationing at Branson's island a couple of months ago. He used Ring to talk to a UPS delivery guy who was at his home in San Francisco. Branson, who happened to be next to that person, saw the interaction and was immediately hooked by the product.
> In fact, Branson liked it so much that he asked for Siminoff's email address and soon started talking business with Siminoff. He wanted to invest in the product.
> In less than 48 hours, Branson agreed to join the round. And on Wednesday, Ring made it official: a $28 million funding that gives it a $60 million valuation.
Source: http://www.businessinsider.com/ring-from-shark-tank-to-richa...
Amazon and Google -- and Facebook and a handful of others -- seem to be in a never-ending race to learn everything about everyone everywhere: who you are, where you are, what you do, when you do it, and why do do it. Having cameras and microphones in your house and your neighborhood is a small part of that.
Is Apple the only big company in the “we respect your privacy” game? I honestly would love to know another.
What is Amazon's angle here? To get a video and photo ID of every person, living at an address? Then they will run this through a face recognition deep learning AI, to get a digital facial ID of everyone. Now, they just one-upped Facebook. Where they know who lives where, and what type of person they are. Male, female, young, old, skinny, fat, short, tall, ethnicity, clothing style preferences, music preferences, hea…
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 $.
You have the wrong idea about the show. It exists to promote the shark's own businesses and products under the guise of a contest reality show. To keep up the facade, they allow other companies to put their products up for a price, and intersperse a couple of silly products to keep people watching. It's just dressed up advertising, it's not about investing or business by any flip of the coin.
I assume Ring will never give the promised HomeKit support now...
Does this acquisition allows them to take their Amazon Key service (Cloud Cam + service + tech) to the next level?
Earlier quoted context omitted.
Is Apple the only big company in the “we respect your privacy” game? I honestly would love to know another.
might be...for now. And possibly (gasp) Microsoft!?