Spot on PG. I think we are qualified to add value to this discussion here. We have bootstrapped our plug device (TonidoPlug) couple of years back. Lot of peopl

Spot on PG. I think we are qualified to add value to this discussion here. We have bootstrapped our plug device (TonidoPlug) couple of years back. Lot of people ridiculed and cautioned us when we have started. Now it is one of the top rated NAS product in amazon without any recognizable brand name. We have built the entire software stack around it. Now, We OEM our software stack to other Consumer Electronic companies. We have done all without any external investments. Also there are fundamental changes happening in the industry that will aid provide impetus to the growth story. 41% of CE sales are done via online now. So we don't need to pay hefty margins required by Best Buy OR other brick and mortar companies. We can sell directly to end customers and pay the amazon sales tax :) Also many CE companies (Exception of Apple) stopped innovating or don't have access to the exceptional software skills. Typically they buy units from Taiwan ODMs, buy software stack from companies like us, put their brand and sell to their existing channels(Staple, Best Buy). There is no value addition provided by these companies in the entire supply chain except their distribution. Now even the distribution is coming under attack because of the direct sales model. For instance we ship units to more than 75 countries.This situation is so true when you take a look at home networking products (Consumer Routers, NAS, DVRs). You can do a heck a lot of innovation there and people use it daily. Now we are sitting with exceptional know-how, ODM relationships, a software stack that can run on all the embedded device (Routers, DVRs to NAS products) and mobile apps on all the popular mobile OS'es. In couple of years we can challenge the incumbents and build a company that can generate 50-100 million in sales and challenge the incumbents. Even if the margins are tight, we can still make at least 20% net margin. We are ready to accept investment from YC if PG is interested.