We provide seed capital for entrepreneurs who make great IoT applications and platforms. The Internet of Things is about doing 4 things really well. First, create new devices that work exceptionally well for certain functions. Second, connect these devices to the internet in transparent, cost-effective ways so the user never needs to think about connectivity. It just happens. Third, collect lots of unique data with these devices and send it back to the cloud where it serves as the big data foundation for new insights or user experiences. Fourth, build intelligent applications in the cloud with artificial intelligence and machine learning techniques that make the devices smarter and more useful.
We've been there. We launched smartphones when they were still called wireless PDAs. We embedded cellular networks in e-readers to make it way easier to get books anywhere and anytime. We enabled more than 67,000 thing-makers to connect 145 million things on 50 cellular networks covering 82 countries over 6 continents. We have built really big web applications on really big distributed databases processing over a hundred billon transactions each month, and we have built platforms that make it way easier to build intelligent applications that make devices smart.
We've also been entrepreneurs stressing about making payroll, and we have experienced the frustration of wasting time on prospective investors who won't give a firm yes or a no. The most precious asset for entrepreneurs is time. We promise not to waste it. In fact, we promise to give you more of it. It may seem odd to call a seed investment firm Austin Consulting, but there is a good reason for it. We want to make investments in active working relationships with entrepreneurs where we can help get things done quickly and effectively.
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