From Steven Levy’s profile of Nest:
Though Fadell isn’t specific, he says that the company may offer more services, perhaps ones that bring more money to Nest. For the long-term, Nest plans to move beyond thermostats and exploit similar green opportunities in the way that only a tech company can. This particularly excites Nest’s investors.
“The Internet so far has been a collection of connected people. We think that the next step is connected devices,” says Randy Komisar, of Kleiner Perkins. “This could be the edge device that drives other things connected to the home.”
Nest can also be a model for another phenomenon: applying the skills of Silicon Valley to transform other seemingly mundane but nonetheless important objects.
I love this. They’re tackling something that we all assumed was boring, would always be boring, and there was nothing we could really do. And they’re turning it into something exciting.