Top
Brief: Amazon invests millions in a startup, then launches a similar product – ANITH
fade
6255
post-template-default,single,single-post,postid-6255,single-format-standard,eltd-core-1.1.1,flow child-child-ver-1.0.0,flow-ver-1.3.6,eltd-smooth-scroll,eltd-smooth-page-transitions,ajax,eltd-blog-installed,page-template-blog-standard,eltd-header-standard,eltd-fixed-on-scroll,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-default,wpb-js-composer js-comp-ver-5.0.1,vc_responsive

Brief: Amazon invests millions in a startup, then launches a similar product

Brief: Amazon invests millions in a startup, then launches a similar product


Image credit: Amazon.

The news:

  • Amazon has launched the Echo Show, a device with video conferencing and home intercom features, as well as the capabilities of other Alexa devices, reports Recode. Amazon did not respond to a request for comment.
  • The problem: the Echo Show is similar to a product launched last year by a startup called Nucleus, in which Amazon had invested US$5.6 million via its Alexa Fund.

Why it matters:

  • Amazon has a history of competing directly against its partners and customers. To be fair, Google and Apple do too.
  • Nonetheless, Amazon’s move may cause companies to be wary of receiving investment from the ecommerce giant. “They must realize that by trying to trample over us — a premiere partner in the Alexa Fund ecosystem — that they are going to really cripple that ecosystem,” says Nucleus founder Jonathan Frankel.
  • For startups working closely with big companies, this a cautionary tale of how partnerships with corporates may not be equal.

This post Brief: Amazon invests millions in a startup, then launches a similar product appeared first on Tech in Asia.



Source link

Anith Gopal
No Comments

Post a Comment

9 − eight =

This site uses Akismet to reduce spam. Learn how your comment data is processed.