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Phin Barnes: Hardware startup costs are dropping dramatically, mirroring software trends

Phin Barnes · Panel Discussion // NYC Data Business Meetup // May 2013 · Dec 5, 2013 · at 0:41

Phin Barnes, Partner at First Round Capital, speaks at Data Driven NYC about how falling hardware costs enable new investment opportunities.

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“We were inspired to start the fund based on the cost of starting a software company dropping. Dramatically. And now we're starting to see that in, in the hardware space and sort of in the services layer that, that sits on top of what, you know, what cheaper hardware companies enable sort of the services layer.”

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The claim, plainly

The cost of starting companies in the hardware space and connected services layer is dropping dramatically, following the trend previously seen in software.

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Mentioned

First Round Capital hardware space

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Phin Barnes Dec 5, 2013 ▶ 29:28 Panel Discussion // NYC Data Business Meetup // May 2013

Phin Barnes: Hardware startup costs are dropping dramatically, mirroring software trends

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