https://www.cnet.com/news/otto-smart-lock-company-suspend-operations-employees/

Would you buy a $700 lock for your front door? Some people would -- but they may never see the lock they preordered from a tiny Silicon Valley startup named Otto. 

Just four months after the company revealed its remarkably compact, meticulously designed Bluetooth- and Wi-Fi-enabled luxury lock, CEO and founder Sam Jadallah says his company has suspended operations indefinitely, won't meet its planned January ship date, and probably won't ship at all.