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Tips to get funding for your IoT product idea
Janine Love
EDN (November 13, 2015)
At ARM TechCon 2015, Eric Klein offered his perspectives during a keynote on what venture capitalists are looking to fund in IoT as well as some of the technology challenges that are slowing down innovation. Klein is a partner in Lemnos Labs, an early-stage hardware investment fund based in San Francisco, CA.
Klein shared what ideas have been overdone in the consumer market: smart watches, step counters, smart home hubs, thermostats, and anything that helps you grow “food” in your homes. Frankly, venture capitalists (VCs) are looking for new ideas in the consumer market.
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