The Valour also records a much more rich set of data that we will be using to inform cycling directions in the future. Most apps or devices record speed, time, distance, etc. We're recording much more.
I get what you are saying though - I have a Garmin that I use with multiple road bikes on country roads during the weekend. There, it is much easier to glance down to see how many watts I'm producing or switch screens to check my vertical metres per hour. However, when I'm riding across town to the office, I have a very different set of concerns.
I'm part of the "athlete" market segment who is happy spending $2k on a "dumb" road bike and I also commuted on that dumb bike every day through the city.
The same applies to a power meter - if I want to know my watts I'd rather buy a PowerTap hub or crank and put it on the bike I want rather than having to buy a whole bike with it permanently integrated.
I wonder if, instead of building the whole bicycle you couldn't do great things by building awesome aftermarket components (e.g. try to be Anker, not Apple.)
That said, I know it's easy to be a naysayer, and I wish anyone who's working to innovate the cycling industry all the best! (Lots of <3 to Strava, Garmin & Di2)
Which IMO is a fine choice, if they really do know that this segment even wants the product they're making, or if this segment is big enough.
I found that in real life, I noticed no difference with most of the features that command a premium. When commuting, I'm carrying a laptop, charger, and usually lunch. When riding for fun, I'm usually carrying plenty of water, food, and maybe a tent and sleeping bag. So why would I pay hundreds of dollars to save pounds on my bike with a carbon frame?
I do spend plenty on accessories, but they're in the opposite direction than what this bike offers. I bought as nice of a saddle as I could find, with no thought towards price. Same with comfortable hand grips. And a really expensive pannier that converts into a backpack - which is probably my best purchase.
Following that high publicity jeep hack, and I'm sure plenty of other car hacks that have followed, I personally consider it a feature that my bike is purely mechanical. This bike falls somewhere between "social network for dogs" and "smart refrigerator with livestream of your egg carton" in terms of why would I want this?
For half the price of this bike I got a 1500W mid-drive ebike conversion kit that I added to a $150 BMX bike which is ridiculously fun, with a programming cable allows for more than enough tinkering for my tastes. It's in a completely different class than a human powered bicycle for sure, but IMO many casual bicyclists would be well served owning a cheap e-bike and a cheap bicycle.
Presumably the investors saw something I'm missing, but I think the price point ($1300) is really high for a fully integrated system.
Maybe its just bad copy, but I already have a connected bike - everyone I ride with does. The only features i see that I might not have are blindspot detection (which i can get with a cheap mirror on my helmet if i wanted it), and a carbon fiber belt instead of a chain, which means none of my existing components which I've paid thousands of dollars for will work. The fixie is a little more compelling, but the price point is a little steep.