Testing $20 WyzeCam, The Money Losing Amazon Vet Startup
By: IPVM Team, Published on Dec 12, 2017
This startup is perfecting the old adage:
We lose money on every sale, but make it up on volume
But it is no joke. The company, Wyze Labs, is led by ex-Amazon managers, who clearly have money for an incredible PR campaign, including fawning coverage in the NYTimes, CNET, Engadget, and more plus slickly produced marketing videos like so:
Wyze's pitch is simple and amazing - IP cameras for just $20 sold on their website and Amazon, with 2 weeks free cloud recording.
I have two of these at my house and they are decent enough for what I need. I have found that they are VERY active on Reddit, and most support issues have been resolved there quickly.
They are even addressing some of the network security concerns some users had after doing wireshark analysis on the traffic.
I have 64GB sd cards in each one of mine and recording/playback seem to work well. I am not using any of the alert features, which means I am not using any of the AWS stuff either. I did not see the need for it.
Claim no business model / way to make profits - "not trying to make money on any individual product but getting as many products out there because we really believe that this technology can help people and we want to get it in as many hands as possible." They must have some idea but it's not disclosed.
"We sold 100,000 in our initial sale and sold out almost immediately and have been chasing inventory since then." That's $2 million in sales at ~$20 a piece
Would like to see a Browser way of viewing these(multiple streams at once) or a app on pc, I have three of these in my house, the android app is nice but only allows for 1 view at a time. They have a workaround for pc, but it involves a virtual box to run android and run an instance of the wyze app, but it is a resource hog. Each instance allows for only 1 view at a time.
I have had this up and running for about a week now and it works great. The only issues I have with it is the motion tracking basically sucks and no way to turn off alerts automatically when I (my phone) is home. Otherwise, this camera is pretty sweet for the money.