The worst kind of behavior for lean-startup VCs investing in deep tech is:
- Investing in grand narratives articulated by a serial entrepreneur of a different discipline from the underlying tech his/her startup is leveraging, without properly doing tech DD via experts
- Deploying a lot more capital than necessary while arguing publicly that deep tech has always been capital intensive (No it's not. Uber and Spotify are more)
- Then when it all blows up, claiming to be just part of the statistics, that startups die and it's normal
I feel disgusted.