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| Hardware companies take significant physical capital to | start, so employees can't just leave and do their own | thing. That's why you don't see a flood of ambitious | youngsters going into hardware. They can't - not with | venture capital and a network of suppliers.

I suppose you meant 'not without'. This is still largely true, but there are also FPGAs and HDLs and simulators: you can do your R&D and prototyping with fairly low costs (and take VC funding by the time you're ready to market and manufacture a product).

You still have a significant point in this respect, however, and what I meant was more along the lines of entrepreneurs could do something to address the problem of "I didn't spend 4-6 years studying engineering to write PHP, MySQL and Javascript" -- ideas that appeal to those who want to solve harder problems (and perhaps problems related to hardware, but solved in software). If you look at openings at places like Intel you'll see they also employ a great deal of people in software functions (from compilers to data mining/machine learning (for manufacturing)).

There are lot of problems outside of social networking / advertising / web content (not that these are bad problems to solve, no offense intended to anyone) that take low capital to get into yet are complex enough to attract a pool of talent that has fewer options.



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