Early market development efforts typically do not respond well to massive infusions of capital—in the 1980s we saw this with the IBM PC Jr. and Prodigy; in the 1990s with pen-based computers and video-to-the-home, in the last decade with RFID chips for inventory management and smart grids for electric power distribution. You simply cannot spend your way into the hearts and minds of technology enthusiasts and visionaries. To be sure, there is a minimum level of capitalization required. You have to be able to travel to make direct sales calls, and show up looking presentable, and you probably
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