Andrea Alms Video: Money In Motion 29 - Deep Tech
November 2022 - Venture Capital
Hello. My name is Andrea Alms and I am technology investor and financial manager. And this is your money in motion. I was at an investor pitch the other day and checking out an interesting and profitable company, creating a better future for data and composable infrastructure. Sitting next to me was a deep tech investor who said this future of data centers and composable infrastructure wasn't or was not deep tech enough for him. I was like, What? Okay, fine. Then what is deep tech, deep technology or deep tech? Also known as hard tech? It is that based on scientific advances and engineering, innovation and discoveries, its basis focus on pioneer new solutions to solve major issues. Deep Tech refers to those startups whose business model is based on high tech innovation, engineering or significant scientific advances. The deep tech term is intended to set aside it from its opposite shallow tech corporations such as Google, Facebook, Amazon, IBM, Apple Show, increase interest towards deep tech applications and artificial intelligence. Virtual reality drones, self-driving cars, even business accelerators are also shifting focus from digital startups towards deep tech ventures. According to Boston Consulting Group Deep tech investment quadrupled from 15 billion to 60 billion between 2016 and 2020. Global venture investment increased by 70% in the same period. These capital flows do not occur by chance in the second quarter of 2021, the world birthed 136 unicorns private companies with more than $1 billion in valuation, adding to the total of 759 unicorns, according to CB insights. Among these, only 5% are decacorns. Commanding a valuation of 10 billion or more. Unbeknownst to most one third of the decade. Decacorns are data companies commanding more than 500 billion in aggregate valuation. They are not always the household names we hear, but they are already among us. Thank you. This is your money. Your money, in motion.