one of the best pitch decks don’t feel like they had been created for the benefit of venture capitalists. They really feel like an outgrowth of the work the startup is already doing.the best pitch decks painting:
- that is what we are doing.
- this is how we’re going to do it.
- we can do it better if we get some money in.
- This factor is going to occur with or with out you.
- Are you in or are you out?
they’ve a feeling of inevitability about them. This workforce is aware of their shit. they will do that. any individual will fund them. If we don’t fund them, we’ll lose the deal.
this means that the vast majority of the content material of the pitch deck should be content material that the startup already has. now not content material they created to impress investors.I lend a hand a lot of people with their pitch decks. many of them, after they get an investor meeting on the calendar, scramble to put collectively a story:
- what’s our industry variation?
- who is our competitors?
- what is our go-to-market?
They wait for these questions coming from the VCs, so they scramble to put collectively compelling answers.You don’t want answers to these query to galvanize VCs. You want the answers since you want the answers.
in case you are throwing together answers to those questions basically to placate an investor, that suggests you don’t understand the solutions. It also means that you assume the more or less traumatic questions VCs ask, like “what’s your gross sales edition?” and “what is your lead generation technique?” are simply demanding investor discuss and aren’t 90% of the way you should be spending your time anyway.
A VC will not ask you a single question that you simply shouldn’t have come up with on your own, and if you happen to don’t already have stable solutions to them, you aren’t prepared to raise cash.
VCs can sniff out the difference between entrepreneurs who are asking permission to start their industry vs. ones who comprehend their shit and will do it with or without them.
treat VC as a method to an end, not because the folks you wish to ask permission to prior to that you could start your corporation. traders reply to that and are more likely to leap on board.