Monday June 06, 2016

Nest’s Time At Alphabet: A "Virtually Unlimited Budget" With No Results

I know the big story here is supposed to be about all the money Nest has blown through with very little to show for it and its CEO stepping down but, to be perfectly honest, the main reason I wanted to post this story is because of this picture:

News Image

In return for all this investment, Nest delivered very little. The Nest Learning Thermostat and Nest Protect smoke detector both existed before the Google acquisition, and both received minor upgrades under Google's (and later Alphabet's) wing. A year after buying Dropcam, Nest released the Nest Cam, which was basically a rebranded Dropcam. Two-and-a-half years under Google/Alphabet, a quadrupling of the employee headcount, and half-a-billion dollars in acquisitions yielded minor yearly updates and a rebranded device. That's all.