I think you're generalizing what current software venture capital looks like to all of VC. Historically the types of companies discussed in the article did get

I think you're generalizing what current software venture capital looks like to all of VC. Historically the types of companies discussed in the article did get funding from VCs (Fairchild Semiconductor, Intel, Genentech, etc.) Maybe VCs are caught up on the appeal of the world of bits over the world of atoms. Software companies certainly require less capital, but that doesn't mean that companies with a physical product can't be huge paydays as well. I also don't think that requiring a large amount of capital means that problems and solutions are not difficult or unique. Biotech requires lots of capital, but I don't think anyone would say biotech products are easy to create or cookie cutter to come up with.