Otto Smart Lock is shutting down

I interviewed there a little over a year ago and was extremely unimpressed with their responses to my questions regarding the viability of their business model. The only answer anyone had for anything was &quot;our CEO is VERY well connected so you don&#x27;t need to worry about that&quot; which of course means you should worry about it a whole lot.<p>Odds are good there are absolutely no production locks in existence and he made this whole buyout boogeyman story up to cover his ass.

Startup trusts large company that wants to invest and then decides to acquire them instead. Startup isn&#x27;t allowed to pursue other funding for the next few months while deal closes. Then large company decides they don&#x27;t want to acquire.

--- putting the &quot;dead&quot; back into &quot;deadlock&quot;

Typical vainglorious humblebrag from another dead startup offering a thing no-one wanted.