The Ledger
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Modern tech ad monopolies are stronger than historical tech incumbents
“I think so. The scale of the market, and the way that the kind of advertising auctions and data asymmetry is in place is just much stronger than kind of these previous generations.”
Fadell: Incumbents react to disruption by laughing, suing, then joining
“Every single, almost every single thing I've ever done, the first thing is the incumbents laugh at you. So whether it was an iPod, what happens? Microsoft laughs, ha, ha, ha, ha, ha. IPhone, iPhone comes out. Nokia, ha, ha, ha, ha, ha. Nest, Honeywell, ha, ha,…”
Smartphone wars created the low-cost component supply chain for consumer IoT
“Because of the smartphone wars, the war between Apple and Samsung and Google and Nokia and Blackberry, a lot of the components that you find in a... Everyone was trying to get a low-cost camera, low-cost accelerometers, low-cost Bluetooth chips and Wi-Fi chips…”