[forgotpwagain]

It is possible that they are licensing technology that was developed in academic science and are raising money to scale it up and get it ultra-standarized for commercial scale.

I agree that the modern Silicon Valley model of VC funding has been spoiled by SaaS startups, where the capital expense is smaller, the timeline to exit is shorter, and pivots are easier. It is not great for deeptech innovation because those require more capital, time, and are more technology-constrained than software. Ironically, modern VC was developed to support semiconductor startups (1970s-90s), but has drifted from that technology-heavy origin.

[catgary]

I was always under the impression that actual science/tech startups were more of a MIT/Northeast thing than what you generally see out of Stanford.