The document discusses the Nest Learning Thermostat, including its history as a company founded in 2011 that was acquired by Google in 2013 for $3.2 billion, its revenue of $300 million annually, and its role as a pioneer in the smart home industry through products like the thermostat and smoke alarm that learn user behaviors to save energy and provide convenience. It also notes the thermostat's simple interface, competition from other smart thermostat companies, and expectations for strong growth in the smart home market through 2020.

1. Menglu Huang

2. Sample product
Nest Learning Thermostat
It learns from “you” to help save your electric bill
Nest App: Control your thermostat miles away
Energy Savings

3. Financials
Founding rounds(3) $80 million
Acquired by google for $3.2 billion
Estimated annual revenue $300million

4. History of company
● Oct 2011 Founded by Tony Fadell and Matt Rogers
● Jun 2012 Nest thermostat available on Amazon
● Jan 2013 Acquired by google for $3.2 billion
● Oct 2013 Nest Protect smoke and CO alarm

5. What’s hot
Smart Home
- Thermostat(Nest)
- Home monitoring Wi-fi video camera
- wireless security sensor system
- and so on

6. Secret sauce
Design
- Handiwork of an ex-Apple team, no less
- Straightforward interface promising liberation from fiddly schedules.
Technology changes life
- people used to change thermostat 1500 times/year
- people want life with most comfort with least effort

7. Story
Comparison with traditional radiant

8. Competition
Honeywell's Lyric thermostat
Linnox iHarmony
Cadet

9. Buy or Sell
Buy!
Expection growth between 2012 and 2020
Smart home market : annual rate of 29.5%
Annual revenue : from $4.8 billion in 2012 to $35.3 billion in 2020.

10. Questions?