However, over the last decade, there has been a subtle yet meaningful shift toward venture dollars flowing into companies rooted in scientific and engineering breakthroughs addressing some of the world’s most pressing challenges. Unlike the software sector, which often relies on existing platforms and rapid iterations, 'deeptech' requires a different approach—one that demands long-term investments, significant technical expertise, and robust ecosystems of innovation. This shift aligns more closely with the mentalities employed in the early days of venture capital, when funding was directed toward pioneering advancements in the industries of the future like semiconductors and biotechnology, exemplified by companies such as Fairchild Semiconductor and Genentech, which laid the groundwork for transformative industries that reshaped entire economies.