Alain Galvan 🌞 is a user on octodon.social. You can follow them or interact with them if you have an account anywhere in the fediverse.
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@luke_nukem An IOT business. There's a lot of venture capitalists interested in the IOT market, however products developed in this space suffer from the John Deer Effect: the idea that you don't own the product you paid for, you're licensing it. So the idea is to sell IOT devices, but they're open source and you can maintain them yourself or take them apart according to your needs.
@luke_nukem Recently my family bought a Nest security camera, which is basically just a backend with some facial recognition, and a mic/camera. Seems like a waste to pay x dollars a month to pay nest to maintain a closed source device when a dev can hook up open source tech to Amazon S3 for pennies.
Then there was the loonie idea of the Juicero Press, 120 Million dollars raised for a juice pressing device that's way too expensive and useless.