[allendoerfer]

> I think you want to seek out companies where the main business risk is technology risk still. That would be database companies, developer tools, artificial intelligence startups, operating systems, ...

This is only true for established companies. At early stages those still might not have a proper engineering culture, whicih makes them turn into pyramid schemes sellling the dream, getting hackier and scammier with each iteration.

[Balgair]

Bio/Pharma/Ag tech companies are a nice mix of this. Their products tend to be high risk of failure, but the companies are 'established' and know how to work the regulatory environments.

Also, the smaller companies tend to need good software people that can take the excel/matlab models and turn them into something enterprise.