The most common mistake made by newbie founders:
š Providing too much detail, too soon.
Donāt:
ā Include unsubstantiated growth projections.
ā Describe extraneous hiring details.
ā Delay answering a question.
ā Use tons of bullet points.
ā Inflate your capabilities.Ā
If you list a number of data points with no context.Ā
And growth projections with no evidence.
Investors will think āso what?ā
Data should support your story.
Your story is what investors buy into.
Investors want to know more about you.
Why youāre doing this.
Why youāre doing it now.
Why youāre in this industry.
When asked a question, thatās the right time to address the question. Even if it means you have to jump ahead or jump back.
When youāve fully convinced them with your story, thatās the time you start sharing the gritty details of your operations.
Take inspiration from the Problem-Solution Deck Format inside our Sales & Investor Accelerator Club where I will share these valuable resources. Join us here!
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