Google Buys Nest....Must Have Read Our Previous Post :)

It was announced today that Google has purchased Nest, the thermostat and smoke detector company for 3.2 Billion dollars. The Bloomberg story can be read here. The reason for the purchase was to expand its device inventory.

It is a very welcome sign to see companies like Google use its resources to purchase companies like Nest. The tech know how that Tony and his team have is second to none. It makes one wonder what the conversation was like between Google and Tony. What is it that Google have in mind that got Tony to sell is intriguing. Being that Tony has worked with tech heavyweights before will make his group less afraid of the purchase. One other neat aspect of mergers of this size and capability is that there will be some employees who will step out on their own and have the knowledge base of working with Tony and Google with them.

On November 2, 2013, KVCC had spotlighted the CEO of Nest, Tony Fadell, as its Person of The Week. That post can be read here.

KVCC Person of The Week

Hey all

Each week, a person or group is promoted for their work in creating or improving a product or service. If Keane Venture Capital and Consulting has any relationship with the person or group, it will be disclosed. The weekly highlight does not mean that KVCC is recommending a purchase of a product or service. The article is not sanctioned by the individual or group.

This week, we are highlighting Nest CEO Tony Fadell. Tony is a former Apple employee that worked on the original design of the ipod. In 2010, he started Nest. Its first product, a thermometer, brought today's technology into managing heating and cooling in the household. Now, Nest is releasing a new smoke detector named Protect that has technology that will bound to change the industry surrounding the home smoke detector. There is a story in Wired magazine that covers the release of the product.

Tony Fadell is being promoted because of his ability to disrupt the status quo on products he and the companies he has worked on have developed. Even with design accolades, articles highlighting his success, and many patents, he still is an unfamiliar name in regular America. KVCC feels that he is up there with the likes of Elon Musk and Johnny Ive. Mr. Fadell was a major contributor to Apple's ipod design. Now, with Nest, he's now worked on a couple of products within the home that matter to a family's security and safety.

It would seem that if you are looking to disrupt an industry with a certain product in mind, getting into Mr. Fadell's circle would be beneficial. The experience that Mr. Fadell and his team have should be very helpful and inspirational for those aspiring disruptors. If you know of anyone you would like

Please check out the following links for more information on Tony and Nest:

Nest
Tony Fadell - Wikipedia