31st May 2023
20VC: Why Hardware Is Actually Software Wrapped In Plastic & “Of Course Hardware Is Hard, Everything Is Hard” with Ben Einstein, Founder & General Partner @ Bolt VC
Ben Einstein is Founder and General Partner @ Bolt, Bolt is a fund designed to address the unique needs of early-stage startups at the intersection of hardware and software, investing up to $500K in pre-seed, pre-product companies. They have created and backed some world class businesses that have received later funding from Khosla, Kleiner Perkins, NEA, and Softtech just to name a few.
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In Today’s Episode with Ben You Will Learn:
- How Ben made his way into VC from such a product centric background?
- Why have we seen a rise in hardware investing over the last 5 years? How has this affected the hardware ecosystem?
- To what extent do hardware and software integrate today? Why have we seen the rise of software determining the hardware winners?
- Why is brand the most important thing in consumer hardware? Who has done it best? Who has not done it well?
- What is Ben’s biggest advice to hardware founders today? Why is raising too much money extremely dangerous for hardware founders?
Items Mentioned In Today’s Show:
Ben’s Fave Blog and Newsletter: Ben Evans
Ben’s Fave Book: The Box
Ben’s Most Recent Investment: Grow: Redesigning Gardening
As always you can follow Harry, The Twenty Minute VC and Ben on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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