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Betting on Deep Tech - by Leo Polovets - Coding VC

codingvc.com · 1,594 words · saved by 1 readers

I’ve now been a VC for almost eleven years. While most of my investing career was focused on B2B SaaS investments at Susa Ventures, two years ago I started pivoting into deep tech investing1 via our new fund, Humba Ventures. As I started investing in areas like robotics, energy, biotech, and defense, I tried to learn more about their historical performance. Since I’m an engineer and data guy by training (and since I’m betting my career on these categories!) I decided to dig into some PitchBook data2. This exercise convinced me that deep tech is the best place to invest and build right now, and that the following four assumptions about deep tech companies turn out to be misconceptions: Deep tech companies have poor outcomes. Deep tech companies are much more capital intensive. Deep tech companies take much longer to exit. Deep tech companies have much higher failure rates. The rest of this post covers each of these points in detail. Yes! Many deep tech industries are huge, and there’s a

I’ve now been a VC for almost eleven years. While most of my investing career was focused on B2B SaaS investments at Susa Ventures, two years ago I started pivoting into deep tech investing1 via our new fund, Humba Ventures. As I started investing in areas like robotics, energy, biotech, and defense, I tried to learn more about their historical performance. Since I’m an engineer and data guy by training (and since I’m betting my career on these categories!) I decided to dig into some PitchBook data2. This exercise convinced me that deep tech is the best place to invest and build right now,…

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