Re:I wasted $40k on a fantastic startup idea (2020)
by synergy20 on Monday March 28, 2022 @04:20PM
(#30835087)
Understood, my model is to buy existing solid hardware in volume based on orders received and load them with my own software(and UI) for certain vertical markets. Making hardware is a totally different market where cash burning is real and fast, small players simply can not afford.
Hardware is an order of magnitude (or nine, twelve) more difficult than a software startup. Expensive rev'ing, long turn arounds, supply chain mayhem, overseas production, profits thinner than the paper they are printed on.
The hardware graveyard of kickstarter is chock full of dreamy eyed hardware guys for good reason.