Samsung Buys Kickstarter-Funded Internet of Things Startup For $200MM
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.
This must be what Gartner meant
Korma: Good
Practically the only thing it's missing is commentary about 3D printers.
What's $200MM? Is that 200 million million dollars? 200 millimeter dollars?
How much is 200 mm in dollars?
But I'm sure as hell not going to run my door locks over wireless with some consumer product that's produced as cheaply as can be for the mass market.
On the other hand, I know that roll-it-yourself security is almost always broken.
So, I deal with having to reach into my pocket to get my keys, and turn on lights with a switch rather than automatically.
Somehow I survive.
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After all, if Cloud Computing is just Client/Server with a new shiny, and the Internet of Things is just like the old "stuff connected via the internet", maybe someone will give ME a couple of hundred million.
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
It's just you.
Between this and the Oculus I just really don't feel like I feel sound in Kickstarting any sort of hardware these days. The reason I kickstart a project is so someone can get their idea to market without having to sell out to a large corporation. Certainly not to fund the R&D phase so a big multinational can waltz in and scoop up a finished product.
But I'm sure as hell not going to run my door locks over wireless with some consumer product that's produced as cheaply as can be for the mass market.
So, I know "hackers" are scary and everything... but you do realize that, rather than hack your network, they can pick up a rock from by your bushes, break the glass on the door, then reach in and manually unlock it... right? It's a lot less effort.
For the past 6000 years or so, the best made security system ever devised has remained the same: A big dog.
How do you keep your keys from scratching your smartphone?
So, I know "hackers" are scary and everything... but you do realize that, rather than hack your network, they can pick up a rock from by your bushes, break the glass on the door, then reach in and manually unlock it... right? It's a lot less effort.
Sure, but not nearly as quite. As for me, I have double-key dead bolts on all my exterior doors (and don't keep the key in the lock - as I know some people actually do) so simply reaching in and unlocking the door would be problematic.
Obviously, breaking a window and climbing in through that is still another non-stealthy option.
It must have been something you assimilated. . . .
So are all the people who funded this company through Kickstarter going to get a cash share or just part of the stock?
Smart Things doesn't use X10.
Is it pure risk for the backers? e.g. if they make a product, they get something they bought, but if the product flops, they loose their money.
And now if the product makes a fortune, they only get their product they bought.
In other words, is kickstarter just a pre-order sales website?
Don't fight for your country, if your country does not fight for you.
Actually, any dog will do.
When I was growing up, there were 5 families on my block who had dogs (Long Island, NY if anyone wants to know). There were a total of 12 houses on the street. Some dogs were big (ie: german shepards) while others had small dogs (yorkie, dachsund, etc)
One night,7 houses got hit by burglers. Only the houses without dogs were hit. NONE of the houses with dogs were touched.
Smashing with a rock looks suspicious, and almost anyone that sees you do it will call the police. If you've got a fully-wired home, and an attacker compromises it, they can find out exactly when you're not home (from automated lights and climate control settings), unlock the door, and walk out with whatever high-value items they think they can get away with.
If your theory is different from practice, then your theory is wrong.
People who aren't USAsians who know that MM means 1000 * 1000 which is French for 1,000,000
On the other hand, the house nearby mine was hit recently. They had a dog, the burgler had food it liked. While it is "reality tv" that show about breaking into houses and then fixing the security issues used the same trick for dogs.
The hyphen in Kickstarter-funded makes that phrase work as an adjective (and therefore, it can't be the object of the sentence on its own, it's just modifying a noun, "Startup"). If the headline read "Samsung Buys Kickstarter, Funds "Internet of things" Startup", then I'd agree with you.
We have two big dogs, and I'm not really worried about a break-in, but I still don't feel comfortable ceding my coming and going to a for-profit company with unknown security practices.
If I were really worried about a real break in, I wouldn't have had the alarm system ripped out during the remodel...
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Different pockets.
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Looks like home depot has a PIR sensor switch (which we'll have to put in the new bathroom due to CA's Title-24) for $19.97, but a 10 pack of normal switches for $5.90...
A bit of a step up in price there.
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How do you keep your keys from scratching your smartphone?
Don't keep them in the same pocket?
I hold my phone in my left hand because I'm right handed, so I keep it in my left pocket. I use my keys with my right hand, so they stay in my right pocket. Up until I got my first cell phone small enough to fit in a pocket comfortably, my left pockets (both front and rear) remained unused.
--- Keep the choice with the user..
How do you keep your keys from scratching your smartphone?
If your phone is new and probably made with Gorilla glass, it won't scratch it. I tried scratching my old Samsung Galaxy S2 with a key, screwdriver and a knife and found out I was duped into buying those screen protectors.
A lock will not stop a determined intruder. But then, unless you are being targeted, they'll just move on to the next target (kinda like the flashing LEDs in car doors)
I've got better things to do tonight than die.
If the SmartThings people have class, they'll take a small portion of their windfall and pay back every Kickstarter donor 150%, or maybe 200%.
Q: What does the "B." in Benoit B. Mandelbrot stand for? A: Benoit B. Mandelbrot
I had a lab-dashound cross (no idea how that happened - we got him from the pound). He was only a little bigger than a pure dashound, but had the bark of a fully grown lab. Someone tried to burgle our house one night and got the fright of their life as the sound of a large dog came at them from below their line of sight.