{"id":60547,"date":"2023-12-08T16:35:57","date_gmt":"2023-12-08T16:35:57","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/08\/deep-tech-startups-must-use-these-4-techniques-when-fundraising-techcrunch\/"},"modified":"2023-12-08T16:35:57","modified_gmt":"2023-12-08T16:35:57","slug":"deep-tech-startups-must-use-these-4-techniques-when-fundraising-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/08\/deep-tech-startups-must-use-these-4-techniques-when-fundraising-techcrunch\/","title":{"rendered":"Deep tech startups must use these 4 techniques when fundraising | TechCrunch"},"content":{"rendered":"


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\n\t\t\t\t\t\t\tRoman Axelrod<\/span>
\n\t\t\t\t\t\tContributor<\/span>\n\t\t<\/p>\n<\/p><\/div>\n

\n\t\tRoman Axelrod<\/a> is the founder of XPANCEO, a deep tech company developing the next generation of computing via an invisible and weightless smart contact lens.\n\t<\/div>\n<\/p><\/div>\n<\/div>\n

In 2023, global<\/span> investments are grappling with a substantial 15% downturn, as reported by Crunchbase<\/a>, creating a challenging backdrop for early-stage startups. The uphill battle is naturally even more severe for deep tech startups developing novel, innovative solutions for upcoming markets.<\/p>\n

Logically, their endeavors demand significant investment, and the accompanying risk further complicates the funding equation. According to Dealroom<\/a>, funding of such companies from Europe saw a notable increase in 2021, likely spurred by a sudden surge in interest in AI. However, they subsequently experienced a significant decline in 2022, and this downward trend continues into 2023.<\/p>\n

My international deep tech recently secured<\/a> a $40 million seed round from various negotiations with venture funds, business angels, and diverse investment entities. Four techniques played a pivotal role in securing this funding for our venture.<\/p>\n

Tell a story<\/h2>\n

One of the essential components in attracting potential investors is a well-known set of documents prepared for presentations. Among them, the pitch deck takes center stage, serving as the primary tool to articulate the essence of your idea and provide a glimpse into market dynamics.<\/p>\n

Crafting a concise and compelling pitch deck is a crucial but well-known task, and plenty of sources are ready to inspire. But in many cases, the complexity of your product may be partially conveyed through it alone.<\/p>\n

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\n\t\t\tUnless you\u2019re Elon Musk, proving that you alone can create something technically sophisticated can be an uphill battle.\t\t\t\t\t<\/p><\/blockquote><\/div>\n

After repeatedly facing the same questions about our product, we introduced an additional narrative format called a \u201cproduct book.\u201d While a pitch deck is a concise document, a product book dives deeper into the intricacies of your product, offering a more elaborate explanation. The questions you will be asked will likely be different from ours, but the main points of structuring this immersive guide still apply:<\/p>\n