4.6 • 683 Ratings
🗓️ 12 September 2018
⏱️ 23 minutes
🧾️ Download transcript
Nick is the CEO and co-founder of eero. Prior to eero, Nick worked at McKinsey & Company and then Menlo Ventures, where he sourced investments in startups such as Betterment, Periscope, and Ansible and worked with portfolio companies like Uber, Dropcam, and Roku. Frustrated by the WiFi solutions on the market and unable to find a better solution, he set out to build eero with his co-founders Amos Schallich and Nate Hardison. Nick is originally from Chicago, graduated from Stanford with a BS in Management Science & Engineering, and currently lives in San Francisco with his wife.
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0:00.0 | Learn from people as quick as you can, figure out what motivates you and double down on that. |
0:04.0 | He's done a lot, seen a lot, and Mendo and other things he's done. |
0:07.2 | Back in 2014 launched Euro again, understanding that home and internet, this was a critical space, |
0:13.0 | not only just as a product in delivering value in terms of high speeds throughout your entire house, |
0:17.4 | but also an important distribution channel as kind of the internet of things and |
0:20.8 | especially the war for kind of home automation takes off. He's positioning himself perfectly there, |
0:25.0 | really controlling a nice distribution channel with millions of units installed. They have a, |
0:30.5 | and he says specifically a nice uptake in their digital service as well, which is much higher |
0:34.6 | margin than the product and about 100,,000, sorry, $100 million |
0:38.1 | in terms of dollars raised to grow this thing. |
0:41.4 | This is the top entrepreneurs podcast where founders share how they started their companies |
0:47.5 | and got filthy rich or crash and burn. |
0:52.8 | Each episode features revenue numbers, customer counts, |
0:57.0 | and other insider information that creates business news headlines. |
1:02.0 | We went from a couple hundred thousand dollars to 2.7 million. |
1:05.0 | I had no money when I started the company. |
1:07.0 | It was $160 million, which is the size of any IPOs. We're bit strapped. |
1:11.7 | We have like 22,000 customers. With over 5 million downloads in a very short amount of time, |
1:19.8 | major outlets like Inc are calling us the fastest growing business show on iTunes. I'm your host, |
1:25.9 | Nathan Latka, and here's today's episode. |
1:29.6 | Hello, everybody. My guest today is Nick Weaver. He's the CEO and co-founder of a company |
1:33.5 | called Eero. Before this company, he worked at McKinsey and Company and then Memo Ventures, |
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