They are not selling the hardware. They are taking your money in exchange for the privilege of utilizing the hardware they created to use a service they built so their customers can obtain data about your usage of the device and whatever it connects to.
I fear that small companies without VC are the only ones interested in making a thing they sell that doesn’t require some ongoing commitment from buyers. And those companies run the risk of folding overnight. It’s fine for the customers since their hardware continues to function, but it’s not an attractive business model.
I fear that small companies without VC are the only ones interested in making a thing they sell that doesn’t require some ongoing commitment from buyers. And those companies run the risk of folding overnight. It’s fine for the customers since their hardware continues to function, but it’s not an attractive business model.