Hard Tech is Back
I'm all for taking Medium thought pieces on the fundraising environment down a peg, but the problem with Hard Tech is that it <i>requires</i> a nontrivial amount of venture capital. You can't be ramen-profitable when your startup requires purchasing cars for testing or renting giant computing clusters for training AI models.<p>In relative contrast, it is trivial and risk-free to make a lean MVP for a generic Uber-for-X and send in a YC application.