My anecdote tracks with yours. Ours was a materials startup, no code involved, but totally dependent on a then-new type of plasma chemistry. Intel Capital brou

My anecdote tracks with yours. Ours was a materials startup, no code involved, but totally dependent on a then-new type of plasma chemistry. Intel Capital brought over their Wall of Faces (mostly technologists) for a "tech DD meeting". They asked almost no tech questions. All the questioning went to our business model, transition from custom proto to volume mfg, and building protectable IP. Our tech PowerPoint stack remained unrun, and I was very glad we'd stayed up all night doing 5-year financial pro formas. I.C. invested. But I was surprised at how little they vetted our technology before signing the terms sheet.