IMHO, it's a nifty business model. Effectivley, the company is following a service model -- taking a flat fee and/or perhaps a share of long-term profit for very little risk. I think there will be customers that need and want that, and are willing to pay. It doesn't have many hard assets, but it does have contracts that, I suppose, would be quite valuable over the long term.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.