Software vs. Other Tech Sectors

What is the dispersion between software and other tech sectors within Technology coverage? 

I've been told (maybe wrong) that pods typically have more hardware / semis / internet / fintech roles rather than software ? If that's true, what's the reason? 

As a SW PE investor, I would imagine that if one knows software well, internet & fintech aren't hard to pickup. Hardware is a different game. 

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