There's a reason Silicon Valley VCs prefer software startups: they're way, way cheaper and more agile than hardware.
As the story says, it took Oxide two years to build their networking switch, and that's just one part of their system!
Despite Silicon Valley's success starting from hardware (... it's in the name), since at least the dot-com boom the money focuses on software. See also https://a16z.com/why-software-is-eating-the-world/
There's still money for hardware (in case the VCs hit the jackpot on the next Cisco or Apple), but it's much harder to get their attention than for a web (... or AI) startup.
So really, kudos to the Oxide folks for pulling off shipping a product! I'm rooting for you.
They did a good job of describing what Oxide's product-market fit was at the beginning of this article, which I always wondered about since I couldn't see how Oxide could fit in.
As the story says, it took Oxide two years to build their networking switch, and that's just one part of their system!
Despite Silicon Valley's success starting from hardware (... it's in the name), since at least the dot-com boom the money focuses on software. See also https://a16z.com/why-software-is-eating-the-world/
There's still money for hardware (in case the VCs hit the jackpot on the next Cisco or Apple), but it's much harder to get their attention than for a web (... or AI) startup.
So really, kudos to the Oxide folks for pulling off shipping a product! I'm rooting for you.