Turns out Amazon buying Eero wasn’t the startup success story we thought
When Amazon bought mesh Wi-Fi router company Eero, our first reactions were of exhaustion, consternation and concern: why couldn’t a tiny company with an excellent privacy-minded product be left to its own devices, instead of getting snapped up by the big data giant from Seattle?
Now, we know why. Mashable reports that Amazon paid just $97 million for Eero, far less money than the $148 million it reportedly raised as a startup. That’s something you don’t do unless your business is in trouble, and it means Amazon may have actually saved Eero from a different fate.
The Verge can confirm that $97 million number, by the way, as well as many of the others in Mashable’s story — we’ve seen similar documents, and we believe they’re the real…
Continue reading…