Webservices hit hardware @ BugLabs

By Vivek | July 31st, 2007 at 10:10 am ET         

Union Square Ventures is hitting the right spots for quite a few swings in the recent past. And the newest investment looks as promising. Today the VC company along with Spark Capital and Brad Feld disclosed their investment in Bug Labs. Not much information is available as to what exactly the startup will offer, but from the information disclosed the startup will eventually deliver webservices enabled hardware. To quote Fred Wilson -

it’s not anything like the iPhone. It’s closer to Ning. It’s all about what people will make with a Bug, not what a Bug is when it comes out of the box.

That certainly sounds a hackable thingy unlike closed loop iPhone.