Two years ago, Nick Weaver was working in his living room with his co-founders, their first employee and a summer intern. Weaver had just left his job at the venture capital firm Menlo Ventures with the goal of building a home wireless internet network that works.
Today, Weaver is the co-founder and CEO of eero, a growth-stage start-up that sells a consumer-friendly home networking system. Eero has raised $90 million in capital in three rounds of fundraising, has 115 employees in its San Francisco headquarters and is selling in more than 600 Best Buys across the U.S. It's been a busy couple of years.
"I would be lying to say we knew definitively" that the founding team would be able to build a successful hardware company, Weaver says.
"That's why start-ups are so challenging. Lots of times you are building things from scratch that haven't been done before. New things that you haven't done personally or things that just don't exist in the market. You are definitely taking a leap of faith."