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I agree with the pain point to be solved but let me phrase this pitch another way: IoTZombieCo: give us x% of your revenue and we’ll acquire you for free when
by guptaneil 7y ago
I agree with the pain point to be solved but let me phrase this pitch another way:
IoTZombieCo: give us x% of your revenue and we’ll acquire you for free when you die. In exchange, you can put our logo on your box as if we’ve already acquired you.
Companies don’t shut down for fun. Usually it means the economics didn’t make sense. Having a large portfolio of failed products wouldn’t change the economics for IoTZombieCo.
The only long-term solution is products that aren’t cloud addicted. Make everything local-first with some progressive (optional) enhancement with cloud functionality that users pay for to keep it sustainable.
Disclaimer: I build local-first IoT products at Hiome (hiome.com)
- dboreham 7y agoRight, the model only works if there remains some rump of deployed devices for which the owner is willing to pay the real cost of continued service.
- TheTruth321 7y agoIoTco T&C: If we go bankrupt, we'll open source the app. Mandatory.