🔻 Hard Truth: If You Can’t Explain Something in Simple Terms, No One Will Invest in It, No Matter How Amazing the Product Is
You’ve got 7 seconds to make an impression on VCs. (Brett Fox)
This means you need to get to the point. Fast.
Too many entrepreneurs take way too long to make their point, or they get lost in the weeds of what their company does rather than boiling it all down in a way a layperson would understand it.
The result? They don’t get funding.
That’s why I wanted to share some of the worst mistakes startup founders make when pitching to investors. The good news is that they’re avoidable.
Here are some highlights:
🔹 Not getting to the point quickly.
🔹 Making it too complex.
🔹 Not getting their financials right.
🔹 Focusing on growth without noting how investors are going to get rich.
🔹 Using slides with too many words and spreadsheets.
For more details, swipe through the file below. 👇
What are the most common mistakes you’ve seen founders make during pitches? Please share in the comments. 🗯️
Sources: Brett Fox, Patrick Mathieson, Greg Brown, Phineas Barnes