BLOOMBERG Bloomberg West January 15, 2014
Nest selling . One of the cofounders made a ton of money at apple. They were both behind the ipod. These guys do not need the money. Thats for darn sure. Teaming up with google gives them some runway that they would not have otherwise. This is a very small company. A Hardware Company is a lot more difficult than a software company. They were looking at hundreds of millions of dollars. The deal, i should mention, is still pending regulatory approval. Once they are part of google, they will not have to worry about money. Scaling is a much easier proposition. They have always talked about the gre...