Nilay Patel, writing for The Verge:
Fadell has said he made the decision to leave Nest last year, and sources tell me he wrestled with the idea of leaving Nest for weeks before telling Alphabet CEO Larry Page of his plans in December. The impetus, according to several sources close to Nest, was the increased pressure on Nest to deliver profitable results as a standalone unit inside the new Alphabet operating structure, instead of being safely ensconced inside Google and given room to grow. Fadell had been turned into a manager tasked with steadily growing his businesses instead of serving as a visionary CEO, and ultimately he walked away.
And:
“Tony at Alphabet was paying Google employees at Google rates with Google benefits. He was paying Google rents. This is not what a startup does,” says Komisar. “The real story is Alphabet. This isn’t really about Tony Fadell. This isn’t really about Nest. Nest is still full of potential. This is about Google, and Google’s decision to build Alphabet.”
A smart startup will run lean, as if any money spent was coming out of the CEO’s pocket. Easy to yield to temptation when someone else is paying the bills.
Come on – this is Tony Fadell’s spin. Surely you don’t buy it hook, line and sinker?
I buy that Fadell and Alphabet were not a good fit.
Lean or not, overspending or not, they should still be able to deliver one or two products in the period
Agree. And that’s a safe buy. So no bonus for you. :p
But that’s not what I was talking about.
He claims they are imminent.
Regardless, there is no should. It’s a question whether you ship according to deadlines (which is what most companies do) and when you think it’s ready (which is what Apple, where Fadell cut its teeth, purportedly does with version 1 of a new product).
“Fadell had been turned into a manager tasked with steadily growing his businesses instead of serving as a visionary CEO, and ultimately he walked away.”
Except he hadn’t been acting as a visionary CEO. He was acting like a guy who’d had (or shepherded) one good product into existence for Nest and was clean out of ideas.
Google’s ad money covered a lot of sins.
Just sayin’.
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Sometimes it is better to ship nothing at all, than to ship a half baked product. The odd thing (or maybe not) is Google LOVES to ship half baked products and act like they are “innovating”.
Tony does comes from the Apple culture and they were very secretive about the iPhone and its release … even changes were planned well in adavanced and nobody noticed until the iPhone and iPad killed Sweeden (or was it Norway?).
As far as Nest, I was fairly sure it was a bad deal – for both parties – since the last thing people want is for Google to own their identity… and monetize your self or your soul (depending on which targeted ads pay better).