116. Introduction to Deep Tech investing
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When investing in Deep Tech, remember that technology is just a tool, not an end in itself. Understanding who will use it and why is key to becoming smart money. Learning notes from this episode: When investing in any business, you must consider these questions: What problem are you solving? Who are you solving it for? Are they willing and able to pay for it? Understand what stage of the innovation cycle the start-up is in. This will help you evaluate risk properly. For example, the first lab grown burgers were unaffordable for most people. The risk at that stage was not whether the product can be made, but whether it can be made at a cost that would allow wide scale sales. Get a technical expert to evaluate the start-up’s invention and help you understand their risk. Take note if no other deep tech investor is involved. This is what happened with Theranos. Prominent biotech VCs passed on the round because they had the expertise to know that what Elizabeth Holmes was promising could not be built. One of the best ways to learn about Deep Tech investing is to attend accelerator demo days. Listen to start-up pitches and take note of what experienced deep tech investors are asking about. For example, you could start with the Duality accelerator ran by the University of Chicago’s Polsky Center, which focusses on quantum computing start-ups. Resources mentioned in this episode: Episode 4. What Non-Technical Founders Need to Know About Tech (interview with David Segura) Episode 31. How To Transition Into Venture Capital Episode 114. What is Deep Tech?     ----- If you like learning about how tech products and profits get made, you'll like our newsletter. It's funny too. Sign up here. ----- There are 2 ways to apply this work to your goals: For individuals, APPLY FOR A CONSULTATION CALL for Tech For Non-Techies membership. For companies: If you want to increase productivity, innovation and diversity, then your non-technical teams need to learn how to collaborate with the techies.  BOOK A CALL to discuss bespoke training & consulting. We love hearing from our readers and listeners. So if you have questions about the content or working with us, just get in touch on [email protected]   Say hi to Sophia on Twitter and follow her on LinkedIn. Following us on Facebook, Instagram and TikTok will make you smarter. 
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