what are the main challenges facing hardware startups? Why are there not many hardware startups as compared to software startups?
Hardware startups.
1–2 of 2 posts
Re: Hardware startups.
#2-They generally have a higher capital investment costs. Most high tech devices cannot be prototyped by a guy in his spare time, unlike a web app.
-Difficult to scale from prototype to production
-Most high tech manufacturing happens in Asia, which makes it difficult for US based startups to find and communicate with reliable partners
-High capital investment costs mean that it is difficult to decrease the per unit cost to the point where high margins can be reaped
These are just a few of the considerations, and aren't applicable in every situation.