Fundraising
7
Answers
Clarity's top expert on all things startup
A good deck doesn't sell a terrible story, but a bad deck can ruin a great story. Your primary goal should be to distill your story down to 10 slides max, with as *few words as possible* on each slide. Images, product shots and graphs are all more impactful than words. A good outline is as follows:
1) Vision
2) Problem
3) Market Opportunity
4) Team
5 & 6) Product Details
7) Traction / Evidence
8) Competitive Differentiation
9) Plan of attack / use of proceeds
10) Contact info / closing point.
Happy to review your deck over a call. I've helped hundreds of Clarity founders with framing their investor presentations.
Answered about 10 years ago
VC
your pitch deck should be crisp and short. 10-12 slides max. its core should be your product & the problem it solves, your market, your team, your execution path (timeline, subs, revs, cash burn) and your use of proceeds (cash needed and what you deliver for that cash). that's it. don't go into telling historical background, deep product specs, too many details about the team etc, that will be what you deliver once an investor is interested beyond your pitch.
you can use pitchxo.com as a template to track your deck's readers and be smart in your follow ups.
Happy to review your draft deck and give you feedback. I review over a 1000 decks per year, I see which ones get reactions and eventually funding, so I have a pretty good idea of what works and what doesn't. Give me a call.
Answered about 10 years ago
Writer/editor, entrepreneur, adviser, connecter
Yes, you need a pitch deck, and yes, make it good. Investors want to be blown away by the opportunity, and by you as the person with the vision to make it happen. Eight slides is optimal - make the opportunity clear at the top so it's obvious what problem you're solving and why the market needs it. Every meeting with an investor is a review - take their feedback and keep iterating. There are tons of great examples online - do a deep-dive and see what kinds of templates and tone work for you. I advise startups on their comms all the time, happy to discuss.
Answered almost 10 years ago
Product guy at heart.
I'd like to send some good resources we used for our deck:
How to deliver a killer business presentation: http://mashable.com/2012/02/03/improve-business-presentation/
How you can pitch for 5 to 6 minutes like a Techstars graduate: http://blog.spanishcurls.com/the-5-to-6-minute-pitch
14 things to avoid in your startup pitch deck: http://blog.press42.com/index.php/2013/01/16/14-donts-startup-pitch-deck/
The popular 10/20/30 Rule: http://blog.guykawasaki.com/2005/12/the_102030_rule.html
Sample Decks:
https://angel.co/7-cups-of-tea
http://bobbyvoicu.com/always-be-pitching-right.html
http://bobbyvoicu.com/saturday-video-great-startup-pitches.html
http://bobbyvoicu.com/linkedin-pitch-deck-explained-reid-hoffman.html
http://thenextweb.com/entrepreneur/2013/08/15/how-to-raise-money-as-a-first-time-founder/
http://blog.spanishcurls.com/the-5-to-6-minute-pitch
Answered almost 10 years ago
2x Co-founder; Operations consultant
A good pitch deck is important for the serious entrepreneur. You and your team should focus enough time on your deck to ensure you have covered all essential areas:
- Problem + Market/Opportunity;
- Your Solution/Benefits/Product;
- Team + Advisory Board;
- Financials (Ask, Cash Burn, Runway, Funding Usage);
There is no telling how long you should invest in creating the pitch deck. When these essential areas are covered, you can consider your pitch deck complete. You should regularly update it based on product/financials changes and investor feedback.
And yes, you should have your pitch reviewed by an investor if there is one available. Be aware, though, that only investors that might realistically invest will give valuable feedback. If you ask feedback to an investor that is not in your area or is not interested in your project, he will give you "generic" feedback that might not be useful. What you want is specific tailored feedback from investors that truly match your company/product.
Answered almost 10 years ago
Digital marketing & growth expert
A pitch deck is an evolving document that should expand and adapt with the growth of your business — there is no set amount of time a founder should spend on creating one.
Using a pitch deck template is one great to accelerate creating a stunning investor presentation. And if there's one thing any founder can use, it's more time!
That said, you shouldn't just rely on any cookie-cutter PowerPoint: you may be interested in the professionally-designed, purpose-specific pitch deck templates at VIP Graphics: https://vip.graphics/pitch-decks/?ref=clarity — created by the experts behind slides that have closed over $100M in deals & investment for the likes of award-winning (ie. Forbes 30u30, Inc 5000) startups and Fortune 500 brands.
Using the right pitch deck template can help you streamline the design process & structure your narrative. The templates from VIP Graphics: https://vip.graphics/pitch-decks/?ref=clarity are industry-specific (ie. fintech, film/TV) and created by investment veterans with a proven track record.
Crafting a perfect pitch can be a massive difference maker for your business. For instance, read more below about Airbnb's legendary pitch deck, which closed the $600k seed round from Sequoia leading to being one of the most private companies a decade later: https://vip.graphics/airbnb-pitch-deck/?ref=clarity
Answered over 3 years ago