I went to a seminar a few days ago, which was quite interesting. Here I just scramble some notes….
- Entrepreneur: do whatever it takes to make things happen.
- A fundable start-up: $75-100 million return in early stages (3-4 years).
- VC receive 500-800 plans, 50-100 get one hour meeting, 20 are interested, 5 are very interested, 1 gets funded.
- Receive 100 plans/week, 100 meetings/year, eliminate 90% of them.
- VC pitch: 15-20 minutes, questions afterwords
- PPT 10-15 slides, look at VC when pitching
- Know each person in the meeting
- Emphasize strong record, confident. Don’t bring whole team, may bring lawyer.
- PPT minimal text, rehearse. Titles tell the story.
Sample PPT:
- One-liner (to which VC)
- Market
- Problem
- Solution
- Team
- Technology
- Customers
- Per customer economics
- Go to market strategy
- Milestone
- Financials (ask for money, why this amount, how to spend it)
- Competition
- Financing history
- Why this VC