Samsung Buys Kickstarter-Funded Internet of Things Startup For $200MM 107
jfruh writes: In September of 2012, SmartThings took to Kickstarter with the promise of delivering an "Internet of things" package to backers, including a hub device that would control various home gadgets via the user's smartphone. They aimed to raise $250,000. They got $1.2 million. And now they've been bought by Samsung for a reported $200 million, as the South Korean electronics market tries to get a foothold into this emerging market.
Like swimming in an ocean of buzzwords (Score:3, Funny)
Practically the only thing it's missing is commentary about 3D printers.
$200MM (Score:3, Funny)
What's $200MM? Is that 200 million million dollars? 200 millimeter dollars?
Re:$200MM (Score:5, Funny)
Great (Score:4, Funny)
So are all the people who funded this company through Kickstarter going to get a cash share or just part of the stock?
Re:$200MM (Score:5, Funny)
My balls it is. The only place I've ever seen it as such is on slashdot, and here twice.