I have a product with real users I had been working on part time. How can I get help with fine tuning the Pitch Deck before presenting to Angels?
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I was recently introduced to a major VC firm. However, I do not feel ready with the current state of my pitch. I am looking for guidance from someone who is an investor or has raised money themselves to help find tune the pitch to turn this into a real product. Product: This is a free consumer product, with a hitherto under-utilized high-penetration user interface. Without any attempt at marketing or virality, about 3500 users have signed up, purely through word of mouth. The first version is a productivity tool, but I can see it being effective in other areas, such as gaming. Monetization: The product could potentially be turned into a white label enterprise product. High natural engagement of the platform makes it attractive for exploring an advertising model. Team: I am an IIT and a Top-10 US Tech School alumnus and currently Head of Engineering at a Startup. I have done my time with some of the most reputed names in the Tech Industry. There is another interested potential cofounder who currently heads Business Development in a Startup. If it helps you answer better, I can provide more precise details non-anonymously in direct messages if asked.
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Answer:
Users are a fantastic first step and at the end of the day this is the most important thing your investors will be taking a look at. As far as your deck goes - keep it simple. Nothing will alienate your potential investors more than a presentation that is too wordy, busy, or all over the place. Talk about who you are, what you're doing, why you're different, and most important - how you're going to make your investors a lot of money. At the end of the day, this is a business proposition.
Mati Bortnick at Quora Visit the source
Other answers
Well it looks like a great start ! You don't say enough on the product : it's pretty different if you got 3500 users on a free BtoC concept or on a promising billable BtoB one. Anyway, you pitch obviously should focus on your actual traction and what marketing strategy will help you multiply this at a reasonable cost. We don't know if your product needs further development or only marketing to develop. Anyway, try to figure how much it would cost to multiply your user base by a hundred or a thousand : that will be your pitch.
Alain Mevellec
In your deck you must address a real pain point of your customers that you are solving and the words should show your conviction that your solution is a game changer. Since your team does not have serial entrepreneurs do focus on the unique skillet for each member that complements the team really well. I agree that you have to show the investors that they will make a lot o money, but they are going to discount it since every investor knows that projections are garbage. Finally, show a live demo. There is no substitute for a live product demo.
Shekhar Ramaswamy
I am starting a club similar to to address this issue. I talk to lots of entrepreneurs and sadly many of them lack the ability to explain the product. Our Facebook page is here. http://www.facebook.com/pages/Startup-Pitch-Practice-Club/434567459934158
Leonid S. Knyshov
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