Everything Nick Weaver said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nick Weaver: Consumers are willing to pay $500 for premium home Wi-Fi
“When we started Eero, it was pretty contrarian to say people are going to be willing to spend 500 dollars to have a great home network. You know, today we're really seeing that there's actually a huge portion of the market that is willing to spend just about a…”
Nick Weaver: Delivering a great customer experience requires owning all product components
“If we wanted to be able to react quickly to our customers, most importantly provide a, you know, a Great customer experience that we were in full control of. We just had to own all the parts.”
Nick Weaver says home Wi-Fi complexity increased by two orders of magnitude
“Like the amount of software required to deliver a perfect internet experience in today's world with dozens of devices, people streaming videos, streaming audio, just the complexity is like one or two orders of magnitude greater than it was even just five years…”
Nick Weaver says Eero cannot subsidize hardware at cost like Amazon
“Yeah, I mean, we're ensuring that this is a very real business. And, you know, unlike an Amazon, we don't have a incredibly, you know cashflow positive retail business or even more positive cloud business.”
Nick Weaver: Home internet connectivity is as essential as water and power
“The connectivity in our homes is now just as important as our running water and our power”
Nick Weaver: Home networking prices were declining prior to Eero's launch
“When you look at the connectivity market, if you look at all the trends, you know, up until we started Euro, you'd actually seen a declining ASP. So people were spending less and less money on their networks, or there are two factors there. One was upgrade cyc…”
Nick Weaver: Hardware pricing requires strong margins to support omni-channel retail
“One thing we've spent a lot of time looking at is what type of margin structure do we need to have to be able to support omni-channel distribution? So that's euro.com, places like Amazon online, and then places like Best Buy and Store. You know, you need to ha…”
Nick Weaver: Physical retail offers product discovery that online platforms cannot replicate
“One of the things it does provide that you don't have in an online experience is discover product discovery. There isn't a great online substitute for, you know, walking down the aisles of, you know, a Best Buy and seeing all the new products, especially in th…”
Eero CEO Nick Weaver spends nearly half his time recruiting
“And, you know, today I still spend close to half of my time in recruiting”
Nick Weaver: Owning the full stack gives Eero an advantage over Netgear
“Our, you know, our competitive advantage, again, is we own that whole stack. We're able to react really quickly, and we're also pouring all of our focus into one product instead of a, you know, massive portfolio of undifferentiated products.”
Nick Weaver: Hardware complexity creates a significant barrier to entry
“All the complexity that comes with a hardware business ends up being a pretty significant barrier to entry.”
Nick Weaver: Hardware complexity comes from sequencing teams on different cadences
“In, in hardware, what's challenging is you have all these different teams on very different cadences. Ultimately, you know, there's specific milestones, whether it's a new feature launch or a new product launch or a new retailer launch where you have all these…”
Nick Weaver: Hardware startups must scale one stage ahead of business
“You almost have to grow one stage ahead of where the business is.”
Nick Weaver: Home Wi-Fi networks will become the smart home's nervous system
“Really, you can think of the network as becoming the central nervous system of the home. You know, if all of our content's delivered over the internet, if all of our devices are connected to the internet, then, you know, you really have the opportunity here to…”
Eero partners with internet service providers to deploy hardware in customer homes
“So frankly, we've been partnering with a lot of great internet providers, and they've been you know, putting our product into their customers' homes to have a really great experience.”
Nick Weaver says poor Wi-Fi was Roku and Dropcam's biggest product detriment
“And then when I was at Menlo like you mentioned in the intro, we backed companies like Roku and Dropcam and, you know, the single, you know, biggest detriment to their product experience was the internet just not working in people's homes.”
Nick Weaver says Eero has raised about $100 million in total capital
“Yeah, we've raised about a hundred million dollars.”
Nick Weaver says home networks face constant duty cycles unlike other hardware
“When you look at the network, I mean, even when people aren't home, their networks are under constant use. All those other devices, whether it's a streaming stick or a camera or a speaker, sensors your network's always being used.”
Nick Weaver confirms Eero has manufactured millions of mesh Wi-Fi units
“I mean, we've built millions of euros.”
Nick Weaver says Eero is active in well over 100,000 homes
“Yes, certainly well north of a 100,000 homes.”
Nick Weaver says Eero invented its own proprietary mesh networking technology
“We invented our own mesh networking technology, so what that means is we're really good at having all these units join together and repeat the signal for each other, so you end up having a really strong signal that's really fast everywhere, and we use mesh tec…”
Eero bundles 1Password, Encrypt.me, and Malwarebytes in Eero Plus subscription
“The first, first big push into Eero plus was now that we've got people's homes connected, let's really focus on making sure they're safe. And it's been awesome to partner with folks like, you know, the team at one password and encrypt me at malware bites and o…”