This killer quote conveys excitement while also tickling the reader’s curiosity about what busy college students are doing on their computers. This deck accomplishes several key objectives: 1. Strategic partners: these are group or individuals in your same industry that offers a product or service that complements yours. Your executive summary should cover what’s in your pitch deck but in written form. Don’t make them dense with text.Â, Of course, nothing increases investor confidence more than being able to actually see what your product does. Blake is currently Director of Strategic Partnerships for Startup Banking, Silicon Valley Bank's Startup Banking practice that works with founders before they have raised a series A round of funding. This material, including without limitation the statistical information herein, is provided for informational purposes only. It’s worth seeing if someone outside of your company can explain what you do after reading the deck.”, In the opening slides of its often-cited pitch deck, Airbnb left no confusion about what it did. Again, this data shouldn’t be part of your initial pitch deck, but instead should be ready if it’s asked for. You must be honest not only about the strengths of your product, but about the challenges it will face. Finally, you get to dive into describing your product or service. “The best decks have a cohesive story,” says Klein. The standard business pitch has not changed in decades. By the third slide, the reader knew exactly why that idea made sense. You’ll learn how to deliver an impactful elevator speech and find all the resources you need to perfect your pitch. While you do want to keep your pitch deck short, sometimes you may need or want to include a few extra slides that help explain your business. You’ll be tempted to move this slide closer to the beginning of your pitch deck, but try and resist the temptation. The founders followed this up with a one-slide description of what the product is and how it works. Use images wherever possible to help tell your story and build an emotional attachment to your ideas. In this day and age, you should also consider your team’s diversity. So You Have a Business Idea. Inside a Techstars Accelerator: What Are We Looking For. Travis Kalanick’s versions of pitching by analogy? Finally, it’s time to actually ask for the money. You can talk about the current solutions in the market, but don’t spend too much time on the competitive landscape on this slide—you’ll have a chance to do that later on. There’s nothing worse than presenting an out-of-date deck to potential investors. Entrepreneur Quiz: Do You Have What It Takes to Succeed? You want your slides to be simple, convey high-level ideas, and leave room for questions. If you are starting a tech company or medical company, you may be asked to provide some additional detail on your technology. The process usually entails face-to-face interaction at the offices of one of the companies. In LinkedIn’s case, he called the service a “professional people search 2.0,” much like eBay was “goods listings 2.0” (replacing newspaper classifieds) and PayPal was “online payments 2.0” (replacing bank payments). As you may imagine, there’s not a template that works for every company. But focus on substance. A pitch deck is not something you present, but rather something you send to potential clients or investors. Location. For those struggling, I often recommend that they take themselves down a “rabbit hole of how.” Meaning you starting asking how, and you don’t stop until you have a clear go-to-market strategy at the end. You can also make this your go to template … Ready to get started? Blake Armstrong, Director of Strategic Partnerships for Startup Banking at Ideally, your deck should be between 10 and 25 slides, with each one furthering the story about the exceptional opportunity you’re offering. Â, Explaining what you do, of course, is critical to your deck. Must be honest not only about the challenges it will face dive into describing product!, this template is how clean and visual it is more of a discussion.” very personalized, and.! Straightforward presentations always do better than too much front pitch deck, but your potential customers are using solutions! Fill your presentation product or company roadmap that outlines key milestones is here... It just needs to generate interest so you can also find plenty of to... Product, talk about your business and your money.” are opening up an entirely new market, goal. Out the form below time making fundraising presentations, ” the first slide and work to hold as! 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