> Old VC's funded a lot of hardware (networking, graphics card and microprocessor) companies, for example. Yeah, venture capitalists were already funding compa

> Old VC's funded a lot of hardware (networking, graphics card and microprocessor) companies, for example. Yeah, venture capitalists were already funding companies like this in Silicon Valley (hence its name) a half a century ago, long before the days of the consumer internet: https://en.wikipedia.org/wiki/Silicon_Valley#Venture_capital https://en.wikipedia.org/wiki/Silicon_Valley#Venture_capital Back in 1968, VCs were funding Intel. And Intel IPO'ed only two years after being founded, so investors weren't pouring money into it for very long. Source: https://en.wikipedia.org/wiki/Intel#Origins https://en.wikipedia.org/wiki/Intel#Origins