Facts vs Narrative


Most deep-tech pitches are weak due to confusion about the relationship between facts and narrative.
At best, people aren’t sure what a narrative is. At worst, they think facts and narrative are opposites — that narrative is something you use when your facts are lacking.


A simple scenario

Imagine you meet someone and they treat you kindly. You note it as a fact. You might conclude: “This person is a good person.” Then later, that same person treats you poorly. Another fact. Now you have two true observations — and they conflict.

Your mind can’t leave the contradiction unresolved, so it constructs a narrative that explains both facts. Narrative is the container that holds them within a single worldview.

One narrative might be: “He’s a great guy who just had a bad day.” Another might be: “He was only nice before because he wanted something.”

Same facts. Different narrative. Different meaning.


This happens everywhere — especially in the pitch room.


You walk in with plenty of facts: small wins, experiments, metrics, tech insights. But they don’t add up to a definitive argument — by nature of startups, they can’t.

As you speak, a narrative forms in the audience’s mind — a unified interpretation emerging from what you present. This happens whether you intend it of it or not. The question is: is it the narrative you want?


Here’s the thing


Narratives are not optional, and they are not “spin.” They are the operating system of human understanding, rooted in something fundamental: our need for a coherent worldview. To cope with contradiction or complexity our minds form a narrative — by any means necessary.

A pitch is a game of coherence, not correctness. To “control the narrative” is to construct a coherent worldview — by intentionally selecting the right facts and presenting them in the right order.
If you don’t control the narrative, the investor’s mind will — and the result may not be the one you intended.

Yours,
Sagi

What makes people see value in a thing?

I explore this question in my short, partly visual emails, crafted through my lens as a pitch designer in deep-tech. Join me for insights on effective communication, marketing, design, psychology, and the philosophy of value.

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