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[IP] Mesh Radio Herd Plagued by Locusts





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From: Dewayne Hendricks <dewayne@xxxxxxxxxxxxx>
Date: July 23, 2004 11:50:07 PM PDT
To: Dewayne-Net Technology List <dewayne-net@xxxxxxxxxxxxx>
Subject: [Dewayne-Net] Mesh Radio Herd Plagued by Locusts
Reply-To: dewayne@xxxxxxxxxxxxx

The Industry Standard: Guest Blog: Scott Rafer


Mesh Radio Herd Plagued by Locusts
<http://www.thestandard.com/movabletype/scottrafer/archives/000402.php>

I have only raised money for software businesses, so I am very used to being asked about open- source projects as potential competition. VCs must not ask hardware systems entrepreneurs that question as often. If they did, they would have passed on a every mesh radio systems business (and probably a few enterprise VOIP businesses).

From a proprietary systems perspective, the mesh radio business was over before it began. Not only is Intel hedging its bets on Wi-Max in cooperation with Cisco, but also an inexpensive open-sourced product from LocustWorld already leads the field. I'd estimate that Locustworld leads all other mesh radio vendors in both revenue and installed units by at least one order of magnitude. The company appears to get paid for their work in all cases, which the other vendors can not currently claim.

There are arguments left and right about how well mesh radio and LocustWorld scale in densely populated areas, but I don't see how these arguments are relevant. In 24 months, when mesh radios are sold in BestBuy for a few hundred bucks, another Moore's Law doubling will be under our collective belts and lots of signal collision software will have been greatly refined. How many $10,000 truck rolls can happen in that period of time?

There are silver linings here, however. The economics of mass deployment will force the primary radio chips and CPUs be sourced from mainstream vendors, but some of the other subsystems businesses may be very lucrative. Following the example set by the Wi-Fi laptop business, radio chips lose money, but smart antenna technologies and innovative power management schemes can be protected and margins preserved. If you dissect one of Dell or Toshiba's Wi-Fi access points, you find a large component overlap with their cheaper laptops. Also, Cisco may soon have a large enough installed base of Linksys wireless access points to open up the platform to developers. Will adding software to cheap Linksys Wi-Fi radios let VC-backed mesh systems vendors generate enough revenue to please their investors?


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