Uploaded on Oct 18, 2023
Crafting an Effective Startup Pitch is the Key to Success. Learn the Art of Pitch Perfection!
Pitch Perfect: Crafting an Effective Startup Pitch
PITCH PERFECT: CRAFTING AN
EFFECTIVE STARTUP PITCH
YOU NEED TO BE KNOWLEDGEABLE
• With your business idea in mind, it's time to sit
down and learn. You need a thorough
understanding of the industry you want to be
part of. If you don't know what you're talking
about, no one will want to invest in your idea.
Source: www.inc.com
DESCRIBE YOUR PRODUCT AND SERVICES
• Try not to focus on the idea of your business
too much. Many people who are starting a
business get so wrapped up in the idea of the
business that they fail to talk about the
product and services the business will provide.
Source: www.inc.com
DISCUSS HOW YOU INTEND TO ATTRACT
CUSTOMERS
• You need a good strategy to attract
customers. Regardless of how good your
business idea is, investors won't support you if
you don't have a compelling way of making
your business desirable to the public.
Source: www.inc.com
PREPARE A COMPELLING VISUAL
PRESENTATION
• Humans are visual creatures. So don't just tell
your investors what your business is or how
they'll profit from it, show them. There are
many tools to create a visual aid to go with
your pitch. You could use a PowerPoint
presentation or an online platform.
Source: www.inc.com
MANAGE YOUR TIME WELL
• You should not spend too much time pitching
your idea. Thirty minutes should be more than
enough time for the pitch. Before asking for a
meeting with potential investors, condense
your information to fit in that time frame; be
brief, but comprehensive.
Source: www.inc.com
KNOW WHO YOU’RE PITCHING
• Some entrepreneurs try to get in front of
every investor, despite their industry
expertise or firm’s investment stage. You need
to consider that, when you accept an
investment, it’s about more than money; you
enter into a partnership.
Source: online.hbs.edu
CONSIDER HOW YOU’RE PRESENTING
YOURSELF, NOT SIMPLY YOUR IDEA
• Although your ideas and skills matter, your
personality is equally as important.
• According to research published in the
Harvard Business Review, venture capitalists’
interest in a startup “was driven less by
judgments that the founder was competent
than by perceptions about character and
trustworthiness.”
Source: online.hbs.edu
TELL A STORY
• When describing your business idea, zero in
on the problem you’re addressing and how
you’re solving it better than the competition.
• You could do this by presenting a real-life
scenario in which you describe the pain point
a current or prospective customer faced and
how your product or service fixed the issue.
Source: online.hbs.edu
SHOW THE ROADMAP
• Although you’re in the early stages of your
business, investors want to know how they’ll
cash out in the end. To clinch your pitch,
highlight your exit strategy and the options
available.
Source: online.hbs.edu
THANK YOU
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