Nest

“And like, the reality is, of the hardware companies, even that we've made money on, it's mostly because someone big bought them because the product was so good, and one generation later, it would have died, right?”

“The track record of venture capital going into consumer hardware, there are a few examples of people who just barely got out by the skin of their teeth with reasonable outcomes, right? Ring, Nest, etc. But those were not actually fundamentally strong companies…”

“Nest was the luckiest fucking acquisition ever, right? Had that been six Six months later, it probably wouldn't have happened, right?”