pitch workbook for international entrepreneurs
TRANSCRIPT
PITCH WORKSHOP
PNP ACCELERATOR
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Your pitching arsenal
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
30 second elevator pitch
2 – 3 minute rapid fire pitch (EXPO)
5 min introduction pitch (EIR & Feedback sessions)
20-60 minute formal pitch (Funding, Biz Dev)
Business Plan???
Before we start…
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Say your name and company name s-l-o-w-l-y
Objective of first meeting? Get the second meeting!
Let people know you’re considering Silicon Valley
for the long-run (even if you’re not!)
Before we start… part 2
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Do your homework on who you’re pitching to:
Investors
Partners
Customers/Clients
Expect to be interrupted
The projector will fail at least once, come prepared!
There are some rules:
When describing your vision, keep it simple
When describing your product, keep it focused
Remember “Practice makes perfect”
Guy Kawasaki’s 10/20/30 Rule of Powerpoint
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
10 slides
20 minutes
30 pt font
The man!
The logic flow
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
What does this company do?
(is it something I invest in?)
Not an area of interest
Credible story?
Not this team
Is this a problem?
Not a problem
Is it large enough?
Y
N
Y
N
Each question elicits a yes/no response, or buy-in/objection
Y
N
And so on…
The logic flow
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Product/ Technology
Team
Progress/ Traction
Business Model
Market Size/ Dynamics
Your name here!
Magic sentence – the elevator pitch
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
What is your core value proposition? What is your vision? Can you tell me in less than 30 words???
The magic sentence:
(company name) provides (category) solutions for (target customer) to (purpose) which allows them to (benefit) by leveraging (uniqueness) technology.
Short, simple, memorable: What, How, Why?
Problem & Pains/ Value Proposition
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Value Proposition to the Customer
Who has this problem? How many? How do you know?
Target Market Size
Bigger is better
2 approaches: Top Down vs. Bottom Up
Be credible and check your facts
Max 10% Rule
Product & Solution
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
How does your product/service solve this problem?
Is there deep tech behind this product?
Are you selling vitamins, aspirin or antibiotics?
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Product description. How is it unique?
Screenshot? Let me see! Demo? Let me play!
Product & Solution
Market Landscape & Competition
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Who is your competition and how are you positioned?
List all your top competitors
If you cant yet prove you’re better, how are you different
Is there a global demand for your product/service?
What is your unfair advantage and how are you
different?
Market share lead
Intellectual Property/ Patents
Exclusive Partnerships
Business Model
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Show me the money!
What metrics do you use to evaluate growth?
Who is the *paying* customer? Conversion?
What are you selling? Are there opportunities to
expand future revenue sources?
Who are your key current/future distribution and
tech partners?
Current Stage & Traction
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
How much progress have you achieved so far?
Current stage of development? How fast are you
growing?
Are you working with big name brands and customers?
Have you received any prior investments? How
much? From whom?
“Third party validation” aka Testimonials
Numbers don’t lie
Management Team
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
When was the company founded? How long have
you been working on this project?
What is the size of your team and how do their
roles differ?
Are members experienced in the space and a good
fit? How many founders? Technical vs. Business?
Silicon Valley bias
The Ask – Why are you pitching me?
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
What are you looking for?
If $$$, how much and at what valuation
If advisors, be specific and do your homework on your
audience
If $$$, how will you spend the money and what
milestones do you expect to hit with the extra cash
Get to “yes”, or get to “no” faster
International Chicken or the Egg Dilemna
What happens next?
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Summary
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Problem & Pains/ Value Proposition
Product & Solution/ Technology
Market Landscape & Competition
Business Model
Current Stage and Traction
Management Team
The Ask
What about Financials? Projections?
So what’s the difference?
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Elevator Pitch = Vision, Haymakers
2–3 min Teaser Pitch = Product/Technology, Market, Team
5 min Pitch = *All the above + Business Model + Traction
20 – 60 “VC” Pitch = *All the above + Financials
* Assuming they know why you are pitching to them in the first place (The Ask)
THANK YOU.
QUESTIONS?
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Fernando Gouveia, [email protected]
+1 650 504 6100
@fegouveia8
Additional Resources
4/11/2012Plug and Play Tech Center / Confidential and Proprietary
Dave McClure, 500 Startups
Startup Viagra: How to Pitch VCs
Guy Kawasaki, Garage Technology Ventures
The 10/20/30 Rule of Powerpoint
Techwadi
How to Write a Pitchbook for Your Startup
Canaan Partners
Canaan Entrepreneur Pitch Workbook