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Pebble founder says his new company is ‘not a startup' [TechCrunch]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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small, inventory isn't being manufactured before it's sold, and there's no outside funding. Most importantly, he says, the new company, Core Devices , is “not a startup.” “We've structured this entire business around being a sustainable, profitable, and hopefully, long-running enterprise, but not a startup,” Migicovsky told TechCrunch on the sidelines of the Consumer Electronics Show in Las Vegas last week. “Startups are good for the world,” he clarified. “You need to have money in order to build really new ideas and create something. But this is not a new idea,” Migicovsky said, referring to the smartwatch reboot. “This is an old idea. We're just bringing it back.” The Pebble founder said he's learned a lot from his earlier efforts at building a hardware device maker, including what not to do. Pebble, the original company that Migicovsky started, was sold to Fitbit in 2016 for around $40 million; Fitbit was later acquired by Google for $2.1 billion. Just before its exit,
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