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Was recently asked this by a young entrepreneur, so thought of crowdsourcing the question so that wider audience benefits. Please provide real challenge/issues faced by your business/corp, which could be solved by an individual or a small team.

Ask yourself -

1. Is this a problem I see my company repeatedly encounter?

2. Is this a problem which is not a company priority or worth ROI for any employee?

3. Will the company listen up if someone pitches the solution?

4. Will the business pay if the solution really fits the requirements?

Trying to scope what kind of opportunities exist in making electronics components (microchip/generic IC), aimed for makers and tinkerers. What is the main driving force in this domain - low price or low power or specialty components or open source products

An example would Espressif, but even though it is 12 years old, I couldn't find much written about it. Anyone has any insight why it is such a success, what is their business model? Thanks!