Monday, March 28, 2016

The Mess at Nest Echoes the Mess in the Smart Home



I was doing some casual research into the IoT space for Building/Home Automation and came across this insighting article about Nest. Nest is currently probably the biggest (certainly most high-profile) company in Home Automation with its rockstar CEO, and Apple/Google heritage (Tony Fadell is the Father of the iPod and Google bought it for USD3.2B).

The main takeaway for me from this article is:

The smart home, for better or worse, is an ecosystem. And so far, most companies are trying to make it a platform.

Though this may not apply to the Building Automation space - which seems to be a more established industry.

Besides this insight into the dynamics of building a product and the Home Automation industry, the article also dramatizes some of the inner workings and trials in Nest - which likely resonates with many startup situations).

The main reference material is drawn from another piece in THE INFORMATION: ‘INSIDE TONY FADELL’S STRUGGLE TO BUILD NEST’ which has been described as an 'absolutely brutal.. airing of a ton of dirty laundry'. That article is behind a paywall, but here is a PDF version someone has shared.

Enjoy...


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Wednesday, February 17, 2016

Skynet is coming...

AI Is Transforming Google Search. The Rest of the Web Is Next



The money quote:

The concern—as described by some former Google employees—was that it was more difficult to understand why neural nets behaved the way it did, and more difficult to tweak their behavior.

These concerns still hover over the world of machine learning. The truth is that even the experts don’t completely understand how neural nets work.


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Tuesday, February 9, 2016

Interesting find - Sequoia's Investment Memo on YouTube


A very interesting document and gives excellent insight into the thinking behind how a VC looks at an investment - especially one that is primarily all potential with very little actual revenue...albeit from 10 years ago.






It is very hard to get genuine transparency on what VCs look for when making an investment. Some investors share their investment criteria, but rarely how they have assessed opportunities against those criteria.

The only public domain investment memo I have found is by Roelof Botha recommending that Sequoia make a seed investment in Youtube


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