Cisco bought a wifi startup called Meraki for $1.2 billion.
Here's the blog post everyone is passing around to explain how that happened.
It's from Doug Leone, who got his VC firm, Sequoia Capital, to invest in Meraki:
Quick: when was the last time you plugged in an Ethernet cable? If you have trouble answering that question, you’re one of the reasons why Cisco has agreed to acquire Meraki.
Here's the blog post everyone is passing around to explain how that happened.
It's from Doug Leone, who got his VC firm, Sequoia Capital, to invest in Meraki:
Quick: when was the last time you plugged in an Ethernet cable? If you have trouble answering that question, you’re one of the reasons why Cisco has agreed to acquire Meraki.
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