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1️⃣ Situation like this are reason, why my home is mostly "dumb" - building it, I avoided putting anything in the walls or hard wired. We still need "Lindy effect" for IoT/Smart home to kick-in.

2️⃣ Europe is not a single market. It is many separate markets with their differences. Think this way if you want to work in Europe. Every country has its "differences" - it can be obstacle, or it can be an advantage

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3️⃣ Every product can be killed. There's no attachment, just spreadsheet. Plan accordingly 4️⃣ Hardware is hard. Think before entering this space. Still, executed well, it is great space.

7️⃣ Technology and disruption: I don't have thermostat at home. Not in the way "Nest" delivers it. Modern house in Europe is probably not even for a market for such device. Maybe tech is not moving at breakneck speed but it can still eliminate need for your product/service.