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Samsung Buys Kickstarter-Funded Internet of Things Startup For $200MM

Posted by Soulskill on from the keeping-up-with-the-Googses dept.

jfruh writes: In September of 2012, SmartThings took to Kickstarter with the promise of delivering an "Internet of things" package to backers, including a hub device that would control various home gadgets via the user's smartphone. They aimed to raise $250,000. They got $1.2 million. And now they've been bought by Samsung for a reported $200 million, as the South Korean electronics market tries to get a foothold into this emerging market.

5 of 107 comments (clear)

  1. Like swimming in an ocean of buzzwords by timrod · · Score: 2, Funny

    Practically the only thing it's missing is commentary about 3D printers.

  2. $200MM by Anonymous Coward · · Score: 3, Funny

    What's $200MM? Is that 200 million million dollars? 200 millimeter dollars?

    1. Re:$200MM by fisted · · Score: 5, Funny

      It's obviously $200 worth of M&M's

      --
      CLI paste? paste.pr0.tips!
    2. Re:$200MM by Intrepid+imaginaut · · Score: 4, Funny

      My balls it is. The only place I've ever seen it as such is on slashdot, and here twice.

  3. Great by Frankie70 · · Score: 3, Funny

    So are all the people who funded this company through Kickstarter going to get a cash share or just part of the stock?