Inside Nest’s Palo Alto Garage
Shortly after Shasta’s Series A investment in Nest Labs, I took this picture of Matt Rogers and Patrick Corcoran. Note the roll-up garage door in the background! When it wasn’t raining, the driveway served as an extra conference room.
We invested in Nest over three years ago in 2010, when they were experimenting with hundreds of different sensor technologies. Together with KPCB, we were the only two venture investors in their Series A round. There were only ten people on the team, and they were over a year away from shipping any products. It was a natural fit with our Series A focus at Shasta Ventures.
I served on the board at my favorite stage of early company growth, between Series A and Series B. I could never talk about the company – in fact, Tony’s direct involvement was a closely guarded secret at the time. During the last three years, I’ve gotten to know many of the people at Nest. I’ve learned a lot from several of the best entrepreneurs and start–up execs on the planet. It’s an awesome, dedicated team full of current and future Silicon Valley leaders and entrepreneurs.
All of us at Shasta Ventures are honored to have had the opportunity to invest in Nest and help them build their business. I think it’s a great mutual fit with Google. They just acquired the best hardware team on the planet. All of us at Shasta are excited to see how far Tony and Matt can take Nest with Google’s support and resources.