By: Rob Wertheimer
We’ve written about tech disrupting industrial businesses and skimming off profit streams. And the pace of tech disruption can be startling to slower-moving industrial assets. With that in mind, we note Amazon’s recent purchase of Ring for over $1 billion. Amazon had previously invested in the business through one of its venture capital funds, the Alexa fund. We have noted before that companies may want to step up investment in venture capital for exactly this reason: to keep an eye on potentially disruptive trends and to potentially investment in those trends.