Amazon bought Eero for $97M and employees still got screwed

Great expectations

At its inception, Eero checked off all the boxes for Silicon Valley: a “disruptive” product, chummy co-founders with Stanford pedigrees, an origin story that started in an apartment, and big promises about how its wireless mesh router system would reinvent home WiFi with cutting-edge technology. An additional $10 million debt line Eero took out brings the total money put into the company at $148 million — 150 percent of the Amazon sale price. “Eero is a customer-focused, inventive team that has quickly developed an impressive WiFi solution that makes technologies at home just work,” an Amazon spokesperson told Mashable when asked why the company acquired Eero.

Source: mashable.com