I have a sneaking suspicion that the VC selection process is more like a high school election/popularity contest than a disciplined process. It's been a few years since I've been in a VC meeting, but I doubt much has changed. There are a few genuinely thoughtful VC, but there also seem to be a lot that make funding decisions that really don't make much sense.
The thing i, though, that I don't think they'd have much better results if it really were about the numbers and probability of success. Once beyond a base level of competence, the type of person that can sell something, whether it be of value or not, to a consumer is likely to be able to sell that same thing to a VC.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.