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Podcast

Episode 44 – The Secret to Beating Big Tech with Stuart Lombard of Ecobee

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with Stuart Lombard

December 15, 2022

45 minutes

In this episode of IoT Podcast: Over the Air, Ryan Prosser, CEO of Very, is joined by Stuart Lombard, Founder & CEO at Ecobee. They discuss how Ecobee has been challenging the big names in the smart home products industry. They also discussed the idea behind the Ecobee thermostat product and how it has been integrated into smart homes to improve the owner’s experience. 

Stuart explains why it’s critical to ignore the cost of manufacturing a product and instead provide customers with products that add value to their smart homes. Ecobee is building products that can compete with other big brands while also being integrated into the technology of other smart companies.

Stuart Lombard is a born inventor and scientist. He is the founder of Ecobee, which Gentrec bought out in 2021 for 770 million dollars and was retained as the CEO of the company. Before he founded Ecobee in 2007, he was a partner at a venture capital firm for eight years. He also invented the foldable canoe when he was twelve years old.

Stuart is helping Ecobee improve people’s lives and homes through technology and accessible innovations. Ecobee is a leading IoT company that makes products that conserve energy in the home.

They cover:

πŸ‘‰ [04:10] The strategies to compete against big companies 

πŸ‘‰ [05:33] The mission of Ecobee in the IoT industry

πŸ‘‰ [06:25] What it’s like going against big names in the IoT industry 

πŸ‘‰ [07:20] The competitors that pushed Ecobee to be better 

πŸ‘‰ [09:31] Three tactics to competing effectively against big companies 

πŸ‘‰ [12:00] How startups can compete against big companies using Ecobee as a case study

πŸ‘‰ [13:10] Challenges small companies face in the industry 

πŸ‘‰ [14:47] How Ecobee has been differentiating itself in the industry 

πŸ‘‰ [16:04] Ecobee’s new product

πŸ‘‰ [18:08] How companies can tap into clean energy sources at home

πŸ‘‰ [22:50] The importance of creating a product that adds value to a customer

πŸ‘‰ [27:40] Ecobee biggest fans

πŸ‘‰ [29:56] The future of Ecobee

About the Show

β€œIoT Podcast: Over the Air” is a podcast that features unfiltered conversations with executives about their IoT journeys β€” the mistakes they made, the lessons they learned, and what they wished they’d known when they started. In each episode of Over the Air, our expert guests make bold predictions, reveal unpopular opinions, and share stories you won’t hear anywhere else.

Buyers Guide β€“ How to Choose the Right IoT Company: Very

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DISCOVER MORE INSIGHTS: Discover how Very helped PowerX transform their smart home product line and rapidly scale their products from a couple thousand to hundreds of thousands of units.

hostThumb-Ryan

Hosted by: Ryan Prosser

CEO at Very

As Very's CEO, Ryan collaborates daily with product, sales, and marketing to deliver the IoT solutions our clients look for. He is also a champion for our culture, fostering transparency and efficiency across our distributed team.