Writing great stories is hard. Crafting great DeepTech stories as an early-stage founder is harder. How do you tell a story when there is no absolute data to support it? It is easier to paint a picture when there are precedents - especially for VCs. But therein lies the magic of storytelling of a DeepTech founder. It is in unraveling the magic of the DeepTech itself and presenting it simply with the impact it can have globally. DeepTech founders who are adept at this can offset the severe lack of precedents and numbers with hardcore vision selling / story telling. But careful! Vision selling can only get you so far as you aspire to raise larger and larger rounds to bring your tech to commercialization. That is where cut-throat development of tech and product makes a difference. That will be the Northstar metric to track in terms of progress and perhaps future fundraise. It is important to continuously think of the business aspect and the use case for the technology along the way. Often times there is resistance from industry and academia to the adoption of new tech. Moreso, when you are among the 3-4 startups in the world developing something impactful. Possibly one of the hardest parts of building DeepTech venture - the lobbying that goes behind commercializing the tech. A few LoIs along the way can certainly help! Blume Ventures #deeptech #venturecapital #startups
Manu Jha
2mo
True that! Akhilesh Agarwal. Navigating the DeepTech landscape requires mastering the art of compelling storytelling and relentless tech development to drive impact and investment.
Mandar Natekar
2mo
Ask me about it ! 👊🏻🙏🏻
Nivedhitha P.
2mo
Exactly is pretty hard crafting a story when the whole points aren't even complete
Garima Jain
2mo
Great perspective!
Fundraising for Startups in India
1moGreat storytelling can grab attention but cannot prevent an investor from passing on from investing in an okay company. What great storytelling can do is make visible what a truly innovative product is. As a banker, there is nothing more satisfying than nailing a solid story for helping sell a deeptech startup to investors. Recently, we were pitching a deeptech agri-robotics startup. We had worked a slide on how much savings we are driving for customers. One investor got so involved on that slide and was blown away by the savings this company was driving. So much so, most of the conversation after that was spent on how to price this product better. That was a really good call.