Deep-Tech Fundraising = Storytelling
- Barry Nolan

- Oct 5
- 4 min read
Updated: Oct 10

You’ve solved a problem that’s baffled researchers for decades.Quantum. Chemistry. Materials. Biotech.
Breakthrough technology that should command attention — yet three minutes into your investor meeting, you’ve already lost them.
The truth?Your technology doesn’t raise money.Your story does.
The Money Flows Through Stories
Don Valentine, founder of Sequoia Capital, put it best:
“The art of storytelling is incredibly important. And many—maybe even most—of the entrepreneurs who come to talk to us can’t tell the story. Learning to tell a story is incredibly important because that’s how the money works. The money flows as a function of the stories.”
That single line explains why most deep-tech pitches fail.
Money doesn’t flow through your IP portfolio or your PhD credentials. It flows through stories — because stories make complex ideas legible, emotional, and investable. For deep-tech founders, that’s uncomfortable. The tech and data should speak for themselves. They’re your virtues.But in fundraising, they’re also your liabilities.
The Story Is the Strategy
Ben Horowitz of a16z takes it even further:
“The story is the strategy. If you make your story better, you make the strategy better.”
Most deep-tech founders invert this logic.
How founders think:
1️⃣ Perfect the technology
2️⃣ Build the business model
3️⃣ Tell the story
How investors think:
1️⃣ Believe the story
2️⃣ See the path
3️⃣ Fund the execution
The story isn’t window dressing. It’s how you make sense of what you’re building, for whom, why now, and why you’re the ones to do it.If you can’t explain it clearly, investors assume you haven’t thought it through clearly.
The Deep-Tech Storytelling Deficit
Deep-tech founders face a unique challenge: the technology is so complex that explaining it becomes the entire conversation.
You spend twenty slides on the science and rush through the business model in three.You use jargon that makes sense to experts but sounds like a foreign language to everyone else.
Investors spend, on average, 2 minutes and 13 seconds on pitch decks that fail to raise funding. That’s all the time you get before they’ve mentally moved on.
Precision without translation kills persuasion.
The irony? Deep-tech founders need more storytelling skill, not less.Your timelines are longer. Your pathways are more complex. Your technology is harder to understand.You must be a better communicator to overcome those inherent disadvantages.
The CEO as Chief Storyteller
Horowitz again:
“The CEO must be the keeper of the story. The CEO is responsible for getting the story right — that it’s up to date, compelling, and can move the hearts of men and women.”
That responsibility can’t be delegated . As one investor put it: “Founders who can tell compelling stories recruit better, raise faster, close stronger partnerships, and build more cohesive cultures.”
In short — storytellers create gravity.
How to Tell Your Story: Principles for Deep-Tech Founders
1. You have five seconds to earn five minutes
Every investor has a smartphone. Attention is scarce.Your hook isn’t “We’ve developed a novel catalytic process for carbon capture using metal-organic frameworks.”It’s “We pull CO₂ directly from the air at one-tenth the cost.” Lead with outcome, not mechanism. Collapse your story to one sentence.
2. Clarity beats cleverness
If people don’t understand you immediately, they don’t invest.Your job is to make complexity accessible.
If you can’t make your value obvious, don’t expect a VC to see it.
3. Be single-minded
“If you try to say three things, people remember none. ”Pick one clear value proposition and tell that story completely. Let the rest unfold as curiosity, not confusion.
4. Answer the why before the how
Start with the problem — make it visceral and urgent. Then show why existing solutions fall short and why your approach matters now.
Every great pitch follows the logic: Why → What → How → Why Now.
5. Condense your vision into one sentence
Scientists hate this part. But until you can say it in one breath, you can’t sell it in one round.
Practice until your value proposition fits on a single line. Then build from there.
The Truth Is in the Story
The story is your truth — about why this technology matters, who it serves, and why the world needs it now. Why does it matter? Who will pay for it? Why now? Why you?These aren’t marketing questions. They’re strategic ones.
The best deep-tech founders move seamlessly between the lab and the pitch — between the science and the story.They can debate quantum coherence times in the morning and explain why quantum computing transforms drug discovery in the afternoon — without losing either audience.
Master the Story
Your technology may change the world.
But first, you need to raise the capital, recruit the team, attract the partners, and win the customers.
None of that happens without a story.
“A huge amount of a founder’s job is being an evangelist for the company,” says Horowitz.“If you don’t have strong communication skills or you don’t develop them quickly, you’re at a big disadvantage.”
For deep-tech founders, that’s doubly true. Your technology is your future. Your story is your bridge.



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