When Greg Duffy shopped his business idea around in 2008, investor after investor told him the same thing: you're crazy.
Duffy wanted to build a gadget--an IP camera for home surveillance that's accessed via the cloud--and most startup investors didn't want anything to do with manufacturing. They wanted software, and software only.
Duffy persevered. Today, his company--Dropcam--uploads and processes more video every day than YouTube. This fall he raised $5.8 million, the first big pile of money for his San Francisco company. And while it's still in its early days, Dropcam's traction points to … Read more