Understanding the VC Game in Deep Tech Startups. A chat with Thomas Park, Partner, Lead at BDC Deep Tech Fund.

Welcome back to the 5th episode of the 'Deep Tech Catalyst' video podcast, where we unlock the formula for turning scientific discoveries into market-ready tech ventures. In this episode, we'll dive into crafting investable ideas, differentiating vital solutions from optional ones, and the art of attracting venture capital with Thomas Park, partner, and lead at BDC Deep Tech Fund. Host: Nicola Marchese Guest: Thomas Park --------------------- TIMESTAMPS: (00:00) Intro (01:30) What is the impact of Scientists Starting Deep Tech Companies Today? (02:48) Why Does Framing the Right Problem Play a Key Role in Differentiating Between Investable and Non-Investable Deep Tech Companies? (04:39) 3 Ways to Distinguish Between a 'Nice to Have' Vs. a 'Must Have' Solution. (06:59) Why Is It Essential for VCs to Invest in A Strong Team in Deep Tech? (10:02) 3 Common Mistakes Scientific Founders Should Avoid When Approaching A VC. (11:40) Understanding the VC Game: Why Do VCs Need Massive Returns? (14:10) Beyond Funding: The Added Value of VCs. (16:52) Future Scenarios in Deep Tech for the Mid to Long Term ------------------------ KEY THEMES COVERED:

1. What is the impact of Scientists Starting Deep Tech Companies Today? Understanding the necessity for scientists to evolve from pure research to launching commercial entities, thereby enabling widespread innovation and real-world application of their discoveries.

2. Framing the right problem means building investable Deep Tech startups. Analyzing how correctly identifying and framing significant problems can differentiate between investable and non-investable deep tech companies, with a focus on industry needs and venture capital interests.

3. 'Must Have' vs. 'Nice to Have': Offering three practical strategies for scientific founders to distinguish essential solutions from optional ones, emphasizing industry collaboration, market knowledge, and the importance of understanding the scale of problems.

4. The Role of Team Dynamics in Attracting VC Investment: Discussing why venture capitalists prioritize strong team composition in Deep Tech and the skills required for effective leadership and team assembly.

5. 3 Common Pitfalls to Avoid When Pitching to VCs. Identifying key mistakes scientific founders should avoid in their interactions with VCs, focusing on efficient communication, marketability of the solution, and competition management.

6. Understanding the VC game. Exploring why venture capitalists seek massive returns, including the power law governing VC investments, the competitive nature of the VC industry, and the concept of sustained advantage.

7. Beyond Funding: The Added Value of VCs. Highlighting what venture capitalists offer founders apart from capital, such as strategic networking, emotional and psychological support, and the significance of the long-term partnership between scientific founders and VCs.

8. Future Scenarios in Deep Tech for the Mid to Long Term: Delving into the anticipated developments and trends in the deep tech arena, exploring potential advancements, industry shifts, and the evolving role of scientific innovation in shaping the future.

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