To fund a similar sized hardware start-up you need a full lab andddd already the proposition is dead.
And engineering teams usually scale up with revenue as well.
I feel like your numbers are the myth that gets told not what actually often happens
It was also the Korean automaker’s best July sales month since launching its first vehicle in 1986.
The growth was mainly driven by electrified vehicles, including EVs and hybrids (HEVs).
Contrast this with biotech venture capital which has been doing well for decades, often investing more capital in a year than software VCs. The difference is that all the research, clinical trial, and manufacturing expertise is already here and concentrated in a few localities like South San Francisco, San Diego, and Boston.
I think that's why most people just aren't that upset about tariffs. It would be nice to be able to participate in our own economy other than by grifting off real estate or software.