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Article on TC: https://techcrunch.com/2017/07/27/i-am-buys-wink-the-smart-home-hub-previously-owned-by-flextronics/?ncid=mobilenavtrend https://techcrunch.com/2
by dangrossman 9y ago
Article on TC: https://techcrunch.com/2017/07/27/i-am-buys-wink-the-smart-home-hub-previously-owned-by-flextronics/?ncid=mobilenavtrend https://techcrunch.com/2017/07/27/i-am-buys-wink-the-smart-h...
Wink was created by Quirky, which blew through $185M of VC cash then declared bankruptcy two years ago. The Wink product alone got bought for just $15M by Flextronics. Wink itself is not exactly a big valuable money maker; they sell (or give away) a cheap hub but have to support a 24/7/365 web service to power it indefinitely in exchange for those few dollars.