Consumer electronics VC investments
Author: raj
Category: Miscellaneous, Uncategorized
Michael Moritz in Forbes on consumer electronics VC investments:
Consumer-tech businesses, he says, are a pit of “muck and mire.” They have low margins, require massive marketing budgets, compete with monster retailers’ house brands and face Asian copycats. Though he has helped fuel the consumer craze, he laments the rise of handheld gadgetry: “The march of consumer technology will spell an end to tranquility,” he says. “Most of the venture money going into consumer-related companies will be squandered, and the rest will be lost. It will be brutal.”
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