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Out of the Loop on the Internet of Things? Here's a Brief Guide. An expert weighs in on how Web 3.0 will affect small businesses.

By Mikal E. Belicove

This story appears in the May 2015 issue of Entrepreneur. Subscribe »

Q: What does the Internet of Things mean for small business?

A: From smart thermostats to cars, the Internet of Things (IoT) is an ecosystem of devices that kicked off Web 3.0. We asked Andy Smith, general partner at Center Electric, a San Francisco-based venture capital firm focused exclusively on investments in IoT startups, to tell us how it will affect small businesses.

What exactly is the Internet of Things?

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