The other investor board member, Randy Komisar, was a partner at a KPCB, the Silicon Valley venture firm helmed by John Doerr, who was on the board of the acquirer, Google. The last two board spots were filled by the Nest co-founders, Tony Fadell and Matt Rogers.
Holy conflict of interest Batman! What a completely awkward situation for both Maris and Doerr. As an investor you want to maximize returns, but as a part of Google, wouldn’t you want to keep the price down for your parent company?
Google has been the acquirer of a Google Ventures funded company four times since the VC firm launched in 2009: Makani Power, Milk and Bufferbox. Nest will be the…
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