2 ms·
Not necessarily. Companies fail for any number of reasons, not just executive incompetence. Eero is a hardware company, and hardware companies are require signi
by pageandrew 8y ago
Not necessarily. Companies fail for any number of reasons, not just executive incompetence. Eero is a hardware company, and hardware companies are require significant capital to operate. Its a very difficult space to operate in, especially pre-launch.
> Hardware startups require a lot of cash, and technological progress can render a product obsolete before it has a chance to take off. Nearly all (97 percent) of the 400 hardware startups tracked in a 2017 report from CB Insights either died or became "zombies," companies that survive for awhile with VC money, but eventually fizzle out.
Amazon purchased this company for its technology and people. Having the entire executive team leave immediately would make the transition exceedingly difficult. They want to incentivize these people to stay to assist in the transition, hence the payout.