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Verkada

Imagine if buildings protected the people inside using consumer technology.

While consumers could buy smart home cameras for a couple hundred dollars in 2016, enterprise security was stuck in the past. We invested in Verkada’s 2017 seed (and actually introduced the founders to each other a year earlier).

From their early days hacking together Raspberry Pi cameras to becoming a multi-billion dollar company rethinking physical security, here's what founders should study from Verkada's story:

Founders
Filip Kaliszan, Benjamin Bercovitz, James Ren, Hans Robertson
Initial Partnership
Seed
Categories
Hardware / Enterprise
Partner
Bill Trenchard
Location
SF Bay Area
Verkada
Founders
Filip Kaliszan, Benjamin Bercovitz, James Ren, Hans Robertson
Initial Partnership
Seed
Categories
Hardware / Enterprise
Partner
Bill Trenchard
Location
SF Bay Area
THE FOUNDER STORY:

Verkada's path to product-market fit

Co-founder Filip Kaliszan shares the details of Verkada’s early days, from a rough MVP to how they went "unreasonably deep" with customers.

SPRING 2016

Open up

While many founders obsess over stealth mode and secrecy, Verkada began with an open conversation. After opting into a simple email introduction from First Round partner Bill Trenchard, the founders called everyone who would listen — customers, friends, potential investors — to refine their idea. "In my earlier days with my first startup, I was always very secretive about it," Filip says. "By the time we did Verkada, we knew that's not how the world works. It's much more about how you execute and bring it to market."

Slide from Verkada's 2017 pitch deck
JULY 2016

Start with the smallest possible test

The very first version looked quite different from today's sleek hardware. To validate their hypothesis, the team built about 100 prototype cameras using Raspberry Pis and basic parts ordered from Amazon. They gave these DIY devices to friends and businesses they knew, using this early experiment to learn about video streaming, connectivity challenges, and core product requirements.

Get up on the ladder

In the early days before building out their partner ecosystem, the founders would personally handle installations to ensure customer success. Filip recalls flying to LA to install cameras at the Beverly Hills Equinox: “The gym closed at midnight, and they told us we had until 5:00 AM. Next thing I know I'm on a ladder pulling cable.” This hands-on approach paid off. That client kept growing with Verkada and 8+ years later they are still happy customers — using those very same cameras.

When you have early demand pull, you follow it and work as hard as it takes to just make it happen.

Filip Kaliszan
Verkada Co-Founder

"If I could go back, I'd make sure that first product experience was even more polished, even more refined, and take a few things out of it just to keep it more narrow and focused."

- Filip Kaliszan, Verkada CEO

Basics over buzz

The hot topics in security in 2016 were computer vision and people detection. The Verkada team initially spent time exploring these trendy features, but quickly realized what truly mattered to customers was much more fundamental: reliability of streaming and clarity of images. "Getting the foundations, getting the core features done really, really well, often matters a lot more than having a very broad range of features," Filip says.