Why venture capital is shifting from software to deep tech

For more than two decades, software has defined the trajectory of venture capital. It was efficient, scalable, and, for a long time, unmatched in its ability to generate outsized returns. Investors poured capital into SaaS platforms, marketplaces, and digital infrastructure, confident in a model that prioritized speed, low marginal costs, and rapid growth. I was […] This story continues at The Next Web