Nike Fuelband Not A Failure, Neither Is Wearable Tech

This week, Nike announced that they are stopping production of the Fuelband. In a few articles, there is a sense that because Nike stopped producing the Fuelband, wearable technology is on the downturn. See Yahoo! article here. Nothing could be further from the truth.

Nike stopped because the Fuelband doesn't fit into its classic business. There are also other competitors that have a far superior technological expertise in the wearable tech space than Nike. When you have companies like Apple, Samsung, Fitbit, Polar, and others generating these products, it makes the case that Nike should not be in the space.

If you think are wondering if the Wearable Tech revolution is dead, go on twitter and hashtag wearabletech and see what you find.

This Week's Person/Group of The Week

Hey

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.

Twitter is this week's person/group of the week. It was chosen mainly because it had its IPO this week. Thoughts of Twitter from the beginning back in 2007 have come to mind. Thoughts of the future with Twitter also come to mind. 

Twitter has been used by many to have an amazing impact on most every demographic and its users continue to find new and better ways to impact the world. From politics back in 2008 to now being used in entertainment and everywhere else, Twitter has been used to impact the world more so than any other communication tool around. The ability to get information out to those looking for it at a moment's notice on a global scale has changed the "way of doing things". 

When you can change entire ways of thinking, you have done something right. Congratulations Twitter, keep up the good work. KVCC has no relationship with Twitter and has not purchased shares......yet:).