When pitching to investors, spend as little time as possible talking about your solution. Sounds counterintuitive? Imagine this: Turns out this mom learned about the solution from another parent in the class, and almost all the parents are already using it with similar results! The best part? It only costs $7.99 a month. At this point, you are probably itching to sign up, even though I haven't told you what the thing IS. Is it an app? A book? A course? A gadget? Investors sift through dozens of pitches, where the solutions change but what they are attuned to remains the same - a sense of opportunity. There’ll be plenty of time later for them to dig into the details of your solution, but in this initial pitch, they are focused on 'markers of opportunity' like relevance or credibility. Your solution? It needs to be there as context but more than that - it becomes a distraction. P.S. |
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A question arrived by LinkedIn, that you might find useful (edited for brevity): Hi Sagi, I’m still an undergrad, but I am already facing a challenge with fundraising for our solar race car initiative. Could you share your most important insight from designing tech investment pitches? Here's the response:Hi Harry, This is a big question but here's a thought to nudge you in the right direction: Think of pitching as answering one core question that investors have. You might assume that question...
Here's a thought experiment. You are a VC. About to start yet another meeting with a startup that reached out. It’s your third today - your seventh this week. After a couple of minutes of small talk, one of the founders connects their laptop and hits “Present.” You lean back in your chair, ready to listen. Now pause. What do you hope happens next? What could the founder say or do that will make you go: "Yes! This is the one. Not the team from the previous meeting. Not one of the other 22 I've...
If you’re scientifically minded, shouldn’t you question the entire premise of pitching? The idea that you are supposed to TALK people into investing in you. It’s not obvious to me that humans work that way. Don’t get me wrong, language is useful. It made us what we are as a species. But it’s also just noises you make with your mouth. It costs nothing and our subconscious knows it. Look at nature: A female wont "invest" in a mate unless he can present an impressive peacock tail or large set of...