2010 · Seed
Would you have funded Nest Labs?
A smart thermostat
Two former Apple engineers want to reinvent the home thermostat: a beautiful, learning device that programs itself and saves energy. Thermostats are a boring, low-margin product category.
- Hardware company competing with entrenched manufacturers
- Founders are former Apple engineers
Show what happened
🦄 Breakout
Nest Labs Google bought it in January 2014 for $3.2 billion.
Venture firms backed the founders' track record.
Sources: Nest Labs (Wikipedia)
More pitches
- Breathometer (2013) 💥 Bust
- Juicero (2014) 💥 Bust
- Jawbone (2011) 💥 Bust
- Pebble (2012) 💥 Bust
- Doorbot (later Ring) (2013) 🦄 Breakout
- Airbnb (2008) 🦄 Breakout
- Dropbox (2007) 🦄 Breakout
- Instagram (2010) 🦄 Breakout