There's an interesting article by Sarah Mitroff on Wired.com today called "Hardware, the Ugly Stepchild of Venture Capital, Is Having a Glamour Moment." The article explores some of the historical reasons that hardware investing has not been especially popular for venture capital investors (capital intensity, market demand identification, sales issues, etc.), as well as why some venture capitalists are becoming more attracted to hardware investing (costs coming down, it's becoming easier to determine market demand, etc.). It's an interesting article and worth a read. Here's the link:http://www.wired.com/business/2012/12/hardware-funding/
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