Nest has built an expensive thermostat that is engaging. It certainly doesn't take $80 Million to do that. So perhaps they also spent their money developing a cheaper version after proving that people like it and more importantly proving it can save money and eventually pay for itself.
I would spend a ton of money putting everything on one chip, getting the cost down to $5 or $10 for the same user experience. Maybe put in a cheaper display if needed. Now this wireless device in the house can pay itself off in very short amount of time, making it a super easy decision for consumers. The current offerings of thermostats are clunky and have horrible user interfaces that require modes and buttons and such to program.. forget about daylight savings time!
If people can buy Nest functionality for $50 then google will have a solid foothold in people's homes. From that they can sell camera's that show up through your google TV device and get into the security market.
The dial on Nest is a universal interface, as the original ipod has shown us, perfect for scrolling through menu's and long lists and for changing volume or choosing music. Might as well put a microphone in so people can ask the internet things.
Still not quite sure it's worth $3.2Billion.. perhaps there was a bidding war?
I would spend a ton of money putting everything on one chip, getting the cost down to $5 or $10 for the same user experience. Maybe put in a cheaper display if needed. Now this wireless device in the house can pay itself off in very short amount of time, making it a super easy decision for consumers. The current offerings of thermostats are clunky and have horrible user interfaces that require modes and buttons and such to program.. forget about daylight savings time!
If people can buy Nest functionality for $50 then google will have a solid foothold in people's homes. From that they can sell camera's that show up through your google TV device and get into the security market.
The dial on Nest is a universal interface, as the original ipod has shown us, perfect for scrolling through menu's and long lists and for changing volume or choosing music. Might as well put a microphone in so people can ask the internet things.
Still not quite sure it's worth $3.2Billion.. perhaps there was a bidding war?