> I have a few really good hardware ideas, but I don't believe I could ever market them fast enough and far enough to make it worth spending the R&D to make them happen.

Yeah, almost a decade ago I had a dream of creating a drone startup with some very specific tech that would have required several years of R&D to create. The end product would have been relatively cheap to manufacture, being basically a PCB with a large FPGA plus a bunch of relatively cheap sensors.

I actually got about 6 months into the project, and then realised that although it was a great project and if it worked well, I'd be able to make units for about 25% of a viable RRP and be able to recoup all my time doing R&D without an income with maybe 5k units in direct sales. And then it slowly dawned on me that if I could build it for 25% of a viable RRP, then the Chinese cloners could do it even cheaper, and all they'd have to do was reverse engineer the protection on the FPGA bitstream to clone it and clone a pretty simple PCB. At the time, the drone market was full of cloned components for a fraction of the price of the original price, or of open source projects sold for half the price of the official boards to support the project.

In such a situation, the only way to really survive is to innovate faster than the cloners can copy it, but that's kind of predicated on making a product that you know isn't what you want the final product to be from the start, so that you can drip feed the improvements into the market every time the previous version was cloned. That would also have the side effect of alienating the early adopters, as well as making new customers wonder how long it'd be before the new product was obsolete. Ultimately, I decided that realistically it wasn't viable to continue doing R&D for another couple of years, unsure if I'd actually be able to pay myself going forward.