Do you know that peaches are native to China from where they spread to rest of the world via ancient silk route? Peaches travelled across ocean to get to the other regions, and this is what we hope our pitches can do too (not literally over the ocean, but to get our messages across).
Many times when I engage a founder, the founder would be most engrossed in talking about their idea, vision and how different and unique the concept is. While this is an important sign that a venture capitalist would love to see in the founder, it is also important not to overdo it. Otherwise it would seem like the founder is trapped under his/her own bubble world (of course, this is just my personal opinion).
Some of the questions a proper pitch should address are:
- What problem are you trying to solve?
- How do you plan to do that?
- How far are you in building this solution?
- What are the characteristics of your target customers and users?
- Who are your competitors and who are the stakeholders in your supply chain?
- How do you monetize?
- How does your financial projection look like?
- How much investment is needed and what instrument do you prefer?
- How will you and/or your investors exit?
- What is the next step?
There you go, the perfect 10 slides! Of course, this is just my personal opinion.
That’s all for today. Til next time.