But finding willing early-stage investors remains a challenge, says NavalRavikant, a founder of AngelList, a website that connects entrepreneurs and investors.
NavalRavikant, head of AngelList the angel-investing website, says most sophisticated angel investors have slowed down to the level and valuations seen in 2010.
All of this is "democratizing entrepreneurship" for hardware makers, said NavalRavikant, co-founder of AngelList, a website where young companies can apply to seek "seed" money.