How to Avoid Common Pitfalls in Deep Tech Startups: Tips for Pre-Seed & Seed Stages. A chat with Dave Grimm, Partner @ AlbionVC

Mar 15, 2024

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Welcome back to Deep Tech Catalyst, the channel by The Scenarionist where science meets venture! We're thrilled to host Dave Grimm, Partner at AlbionVC! Today, we'll explore the unique challenges in the pre-seed and seed stages of Deep Tech startups, from the very basics of problem-solution fit to how to approach the first potential B2B corporate partner. If you are a scientist aiming to learn more about entrepreneurship and commercialization, this is the right episode to watch! Let's dive into it! Host: Nicola Marchese Guest: Dave Grimm #DeepTechCatalyst --------------------- TIMESTAMPS: (00:30) 🎙️ Introduction

(01:28) 💡 Problem/Solution Fit in Deep Tech

(05:49) 📊 When to Start Market Research along the R&D Path?

(10:11) 🤝 How to Manage Early B2B Relations?

(13:44) 💪 Overcoming Challenges in Deep Tech Entrepreneurship

(18:55) 🔍 Decoding Term Sheets

(21:32) 📈 Why do Traditional VC Metrics May Not Fit in Early-Stage Deep Tech? ------------------------ KEY THEMES COVERED: 1. Problem/Solution Fit in Deep Tech: We discuss the importance of understanding market needs and finding the right solution to address them, especially in the early stages of Deep Tech startups.

2. When to Start Market Research along the R&D Path? Explore the balance between technological innovation and business viability, particularly in spinouts from research institutions.

3. How to Manage Early B2B Relations? We discuss challenges in introducing radical innovations to the B2B market and offer strategies for navigating corporate structures and relationships.

4. Decoding Term Sheets: Explore the key elements of term sheets in investment deals between startups and venture capital firms, outlining the different types and considerations.

5. Why do Traditional VC Metrics May Not Fit in Early-Stage Deep Tech? We navigate why traditional metrics for assessing startups may not apply to early-stage Deep Tech ventures and explore alternative signals of potential success. ------------------------ MORE ABOUT THE SCENARIONIST: - Discover all the episodes, trends analysis, and more: https://www.thescenarionist.org/ - Stay in the loop with our latest news: https://www.linkedin.com/company/thescenarionist/ - Let’s connect: https://www.linkedin.com/in/nmarchese-md/ ------------------------ #entrepreneurship #startups #deeptech #startupschool