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selinz
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CEO
Re: You must be joking!!!
selinz   1/14/2014 2:24:55 PM
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The fact that your wife is already plugged into the Nest marketing hype says quite a bit. I wonder how much of it is "let's switch all the nest stuff over to Google phones." rather than a quest for technical know-how. The concept is pretty simple. This is a marketing decision...

any1
User Rank
CEO
Re: You must be joking!!!
any1   1/14/2014 2:04:41 PM
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Three billion does seem a lot for what must be the meager earnings of Nest right now.  But Google is speculating that Nest has a much brighter future ahead of them.  And they may be correct, especially if they can leverage Google resources into future products.  Nest will need to produce Android apps for their thermostats as well as ios :-)

dougwithau
User Rank
Manager
Re: You must be joking!!!
dougwithau   1/14/2014 1:30:56 PM
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Yes, boggled.

In 2012 I was at a company doing IoT. They have downsized a lot since. We had the phone app controlled thermostat, outlets, and power monitoring in devices.

The Nest seemed like a prettier version of our products. Ours looked like a thermostat.

This sounds more like a "who you know" than "what you do" aquisition. Nest was privately held so no numbers are available. The founders are from Apple and Google, so they had the inside track. Maybe Google is blocking Apple or Cisco?

Kudo's to the founders for a nice exit. We are just jelous because we did not think of it first, or did and could not get the fat payoff.

junko.yoshida
User Rank
Blogger
Re: You must be joking!!!
junko.yoshida   1/14/2014 12:55:41 PM
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Max, I think everyone's mind was boggled! But it goes to show how the name talent (fadell et al) is valued in Silicon Valley.

Max The Magnificent
User Rank
Blogger
You must be joking!!!
Max The Magnificent   1/14/2014 11:58:46 AM
My wife is a realtor -- the builder she works for offers a Nest system controlled by an iPad mounted in the wall.

It's not a bad system -- easy-to-use, looks "tasty" -- but having the iPad built into the home boosts the expense.

But $3.2 billion for an easy-to-use thermostat and a smoke detector ... give me a break. For only $1 billion I would have been happy to set up a team and deliver them something even better.

With all the talent at Google -- are you seriously telling me they couldn't have developed somrthing like this in-house?

My mind is well and truly boggled.

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