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there's a ton of focus on the price, but they could have easily priced it at $499 or $399 and ended up in the same situation. the acquisition was going forward
by rosegarden 9y ago
there's a ton of focus on the price, but they could have easily priced it at $499 or $399 and ended up in the same situation. the acquisition was going forward even at that product price. It clearly wasn't the price that was the issue. They were pre-revenue and the acqusition fell through - that's a very vulnerable spot for a start up.
- dingo_bat 9y agoWhat about if the lock was priced according to the established prices of locks? This is a random lock of the same type: https://www.amazon.com/gp/product/B01CMMBATI/ref=abs_brd_tag_dp?smid=ATVPDKIKX0DER&th=1 https://www.amazon.com/gp/product/B01CMMBATI/ref=abs_brd_tag... $40 on Amazon. So you've got a lock with bluetooth which adds utility. So double it, hell triple it. $120. I think if their product was priced at $120 we would not be looking at this result.