> Hilariously confused. Tech is different from Big Tech, which is yet further different from Big Ad Tech.
Big Ad Tech has been a money spigot for R&D in both hard and soft tech. This comes via M&A but also spawning a generation of VCs willing to fritter away adtech money on fun hard tech startups.
There is not a big source of VC funding for hardware startups that doesn't come directly or indirectly from Big Tech / Big Ad Tech revenue and valuations.
Big Ad Tech has been a money spigot for R&D in both hard and soft tech. This comes via M&A but also spawning a generation of VCs willing to fritter away adtech money on fun hard tech startups.
There is not a big source of VC funding for hardware startups that doesn't come directly or indirectly from Big Tech / Big Ad Tech revenue and valuations.