Should you worry if investors say this? (VC Sunday School) + Seth Bannon of 50 Years | E1395
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Episode Highlights
Tech Diligence
Technical diligence is crucial in evaluating deep tech startups, especially those in climate tech, where the feasibility of groundbreaking technologies must be assessed. highlights the need for a robust network of experts to conduct thorough technical evaluations, as no single PhD can cover all areas of expertise required for diverse innovations like synthetic biology or clean hydrogen 1. He emphasizes that venture capital should embrace technical risk, as it is essential for unlocking capital for ambitious projects 2.
We need to go into the really hard things, the really, really ambitious things. Both VCs but also entrepreneurs.
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Building a network of specialists allows VCs to make informed decisions and support groundbreaking technologies that might otherwise remain undeveloped.
Synthetic Biology
Synthetic biology is transforming industries by accelerating the design and development of biological systems using engineering principles. compares this revolution to the Internet boom of the mid-90s, noting that advancements in genome sequencing and CRISPR technology have drastically reduced costs and complexity 3. This has led to an explosion of innovation across various sectors, from health to construction 4.
For what it used to take $20 million, a $20 million raise to do, you can now do in a $1 million precede Round.
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The potential of synthetic biology extends beyond health, offering solutions for decarbonizing industries and creating sustainable alternatives.