SlideShare une entreprise Scribd logo
1  sur  67
Télécharger pour lire hors ligne
How To Pitch Your Startup




              by @anthonyfrasier
Anthony Frasier
Founder, The Phat Startup
Partner, BrickCity Tech / Converge

I founded Playd, an app that allowed gamers to share
their activity across multiple platforms. I was featured on
“CNN’s Black in America: The New Promised Land -
Silicon Valley.” I also made NBC The Grio’s 100: Making
History Today list. Was featured in Tech Crunch, CNN
Money, Black Enterprise, and speak at various industry
events.
How To Pitch Your Startup
Because there is a natural storytelling urge and ability in all human
 beings, even just a little nurturing of this impulse can bring about
   astonishing and delightful results. —Nancy Mellon, The Art of
                              Storytelling
Every To Pitch Your Startup
    How
   time you pitch, your telling a

                        Story
The one sentence story:
The high concept pitch
How To Pitch Your Startup
How To Pitch Your Startup
How To Pitch Your Startup
How To Pitch Your Startup
It’s easy for me to guess what these movies
                  are about.
Can we say the same for your startup?
How To Pitch Your Startup
Something       Something        Your
            +               =
 Familiar        Familiar       Startup
For my first company “Playd” I told people it was......




            How To Pitch Your Startup
                    for




  Because Foursquare tracked locations, we were doing the same
                   activity for video games.
How To Pitch Your Startup
Most tech startups try to use other popular tech
products. But anything familiar will do the job.
Lets try out a few
Lets try out a few

Netflix for...
Lets try out a few

Netflix for...     Pets
Lets try out a few

 Netflix for...     Pets


Evernote for...
Lets try out a few

 Netflix for...      Pets


Evernote for...   Whiteboards
Lets try out a few

 Netflix for...      Pets


Evernote for...   Whiteboards


Google for...
Lets try out a few

 Netflix for...      Pets


Evernote for...   Whiteboards


Google for...     Home Buyers
Lets try out a few

 Netflix for...      Pets


Evernote for...   Whiteboards


Google for...     Home Buyers


  Bible for...
Lets try out a few

 Netflix for...        Pets


Evernote for...   Whiteboards


Google for...     Home Buyers


  Bible for...    Event Planners
This pitch is great for fans, customers, and
investors to quickly spread the word about
         your company or project.
The thirty second story:
The elevator pitch
An elevator pitch doesn't have to actually
         happen in an elevator.
The elevator is a metaphor for the time it takes to
           get to the next floor or.....




  HURRY UP, YOU DONT HAVE MUCH TIME!
How To Pitch Your Startup
             Almost a million
                  ways online
              teaching you how to
                   write one.
How To Pitch Your Startup
So I’ll show you a simple framework to help start.
Your 30 second pitch should include all of this stuff


1. High Concept pitch/What is your product?
2. Problem
3. Solution
4. How do you make money?
5. Traction
6. Who is working on the product?
7. Why are you better than your competition?
8. The ask/Follow up
Lets try out one
GarbageDay is Weather.com for trash pick ups. 2 out
of 5 people forget when it’s trash day, as a result end
up paying fees. We created a mobile app that gives
users notifications when it’s trash day, saving them
time and money. The app is free so we make money
displaying local advertising. We have 10,000 users
and make $2,000 in monthly revenue. My name is
Anthony Frasier, I'm building the app with my co
founder James Lopez a computer science major.
There are similar apps out, but none have our
calendar integration. I would love to get your card
and set up a time to speak further about
GarbageDay.
The Breakdown:


                                               GarbageDay is Weather.com for trash pick
                                               ups. 2 out of 5 people forget when it’s trash
                                               day, as a result end up paying fees. We created
1. High Concept pitch/What is your product?    a mobile app that gives users notifications
2. Problem                                     when it’s trash day, saving them time and
3. Solution                                    money. The app is free so we make money
4. How do you make money?                      displaying local advertising. We have 10,000
5. Traction                                    users and make $2,000 in monthly revenue. My
6. Who is working on the product?              name is Anthony Frasier, I'm building the app
7. Why are you better than your competition?   with my co founder James Lopez a computer
8. The ask/Follow up                           science major. There are similar apps out, but
                                               none have our calendar integration. I would
                                               love to get your card and set up a time to
                                               speak further about GarbageDay.
You don’t have much time, so the name of the
               game here is




Sacrifice
Choose how many seconds you want to
               spend on each

1. High Concept pitch/What is your product? 3s
2. Problem 4s
3. Solution 4s
4. How do you make money? 3s
5. Traction 5s
6. Who is working on the product? 4s
7. Why are you better than your competition? 4s
8. The ask/Follow up 3s
Then add/subtract on the areas you feel
             are most important.

1. High Concept pitch/What is your product? 3s +
2. Problem 4s -
3. Solution 4s +
4. How do you make money? 3s -
5. Traction 5s -
6. Who is working on the product? 4s +
7. Why are you better than your competition? 4s -
8. The ask/Follow up 3s +
Try your best not to sacrifice these two
                     items.

1. High Concept pitch/What is your product? 3s +
2. Problem 4s -
3. Solution 4s +
4. How do you make money?
5. Traction
6. Who is working on the product? 4s +
6. Why are you better than your competition? 4s -
7. The ask/Follow up 3s +
Then
Practice
    How To Pitch Your Startup
How To Pitch Your Startup
Keep going until you get it right.
How To Pitch Your Startup
Keep going until you get it right.
Seek critics and ask for feedback.
Work on displaying good:


Confidence Pitch Your Startup
       How To
Passion
Posture
The five minute story:
Investor pitch deck/presentation
You will have to have two versions of this pitch
One deck you send digitally, without you
           being present.




                     More information
One deck you present live and in person.




              More oral information, more
                        imagery
Can you
imagine
an investor
opening her email
staring at the
art work trying
to figure out
what it means?
Can you
imagine
an investor
watching you pitch
staring at the
wall of text trying
to figure out
what it means?
So make adjustments.
Include an appendix if necessary.
you can create a pitch deck in any of these formats




Google Drive         Adobe PDF         Keynote         Power Point




               deck = collection or series of slides
Your pitch deck should have 10-12 slides telling your
                       story
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
I like Mark Suster’s formula
1.Bio of top 3 people in the company.  Short
sentences, bullet points, easy to read.
2. Problem definition (with the market … it’s why you
exist)

highest level
4. Details on the solution
                              How To Pitch Your Startup
3. How you solve that problem conceptually at the


[Demo could go here]
5. Why you believe there is economic value in what
you do / how you think you can monetize one day
6. Competition
7. Progress to date of your company (when started, key
milestones, what shape is the product in, any pilot /
beta customers, financing)
8. Market sizing
9. Potential future exit possibilities
10. How much are you raising, how long will it last, key
milestones you plan to hit before the next round
?
You don’t have to follow this closely, but its a great guide on what each
                        slide should be about.
For example when I pitched my first company “Playd” I switched
                     some things around.




  Traction                   Market                      Team




My team wasn't super technical, so I placed it near the end to put
     more focus on the problem I was solving and traction.
Common Mistake
         How To Pitch Your Startup
Taking too long
explaining or
demo’ing
anything
How To Pitch Your Startup


Use a slide size that makes sense for large screens.
   I used 1280 x 720 for this deck your viewing.
When presenting live, try your best to keep it
           under five minutes.
Work on displaying good:


Confidence Pitch Your Startup
       How To
Passion
Posture
How To Pitch Your Startup
                 Practice
                  In the
                  Mirror
Resources that will make this presentation 10 times better for you!

    Building Great Presentations by Mattan Griffel - http://
    slidesha.re/URqwFt

    slide:ology: The Art and Science of Creating Great
    Presentations by Nancy Duarte - http://amzn.to/R0iGgM

    What Every BODY is Saying: An Ex-FBI Agent's Guide to
    Speed-Reading People by Joe Navarro - http://amzn.to/
    SwyyJD

    Say It Like Obama and WIN!: The Power of Speaking with
    Purpose and Vision by Shelly Leanne - http://amzn.to/
    Y6IomU
Thanks!
  Hit me up,
  lets chat!
                          Come check me out at:
                          anthonyfrasier.com &
                          ThePhatStartup.com
Anthony Frasier
info@anthonyfrasier.com
@anthonyfrasier

Contenu connexe

Tendances

Pitch Deck Template for Startups
Pitch Deck Template for StartupsPitch Deck Template for Startups
Pitch Deck Template for StartupsArun Nair
 
Startup Studio Playbook
Startup Studio PlaybookStartup Studio Playbook
Startup Studio PlaybookAttila Szigeti
 
Laicos Startup Studio Pitch Deck
Laicos Startup Studio Pitch Deck Laicos Startup Studio Pitch Deck
Laicos Startup Studio Pitch Deck Ryan J. Negri
 
Nader sabry - investor pitch deck template
Nader sabry - investor pitch deck templateNader sabry - investor pitch deck template
Nader sabry - investor pitch deck templateNader Sabry
 
Building Startups: the "3rd co-founder model"
Building Startups: the "3rd co-founder model"Building Startups: the "3rd co-founder model"
Building Startups: the "3rd co-founder model"eFounders
 
The SaaS Founder’s Journey: What Matters at Each Stage
The SaaS Founder’s Journey: What Matters at Each StageThe SaaS Founder’s Journey: What Matters at Each Stage
The SaaS Founder’s Journey: What Matters at Each StageDavid Skok
 
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022David Chang
 
How to find product market fit
How to find product market fitHow to find product market fit
How to find product market fitJustin Wilcox
 
Dropbox Startup Lessons Learned
Dropbox Startup Lessons LearnedDropbox Startup Lessons Learned
Dropbox Startup Lessons Learnedgueste94e4c
 
Prop Tech 3.0 - The Future of Real Estate
Prop Tech 3.0 - The Future of Real EstateProp Tech 3.0 - The Future of Real Estate
Prop Tech 3.0 - The Future of Real EstateEdward Lange
 
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...J. Skyler Fernandes
 
Startup pitch deck template
Startup pitch deck templateStartup pitch deck template
Startup pitch deck templateDaniele Beccari
 
15 Tips for Creating an Incredible Startup Pitch
15 Tips for Creating an Incredible Startup Pitch15 Tips for Creating an Incredible Startup Pitch
15 Tips for Creating an Incredible Startup PitchExperts Exchange
 
Organisational Best Practices of Startup Studios
Organisational Best Practices of Startup Studios Organisational Best Practices of Startup Studios
Organisational Best Practices of Startup Studios Tobi Gutmann
 
Founders Factory overview August
Founders Factory overview AugustFounders Factory overview August
Founders Factory overview AugustTechMeetups
 
Startup studio fundraising fundamentals
Startup studio fundraising fundamentalsStartup studio fundraising fundamentals
Startup studio fundraising fundamentalsAttila Szigeti
 

Tendances (20)

Pitch Deck Template for Startups
Pitch Deck Template for StartupsPitch Deck Template for Startups
Pitch Deck Template for Startups
 
Startup Studio Playbook
Startup Studio PlaybookStartup Studio Playbook
Startup Studio Playbook
 
Laicos Startup Studio Pitch Deck
Laicos Startup Studio Pitch Deck Laicos Startup Studio Pitch Deck
Laicos Startup Studio Pitch Deck
 
Raising Seed Capital
Raising Seed CapitalRaising Seed Capital
Raising Seed Capital
 
Company Builder
Company BuilderCompany Builder
Company Builder
 
Nader sabry - investor pitch deck template
Nader sabry - investor pitch deck templateNader sabry - investor pitch deck template
Nader sabry - investor pitch deck template
 
Building Startups: the "3rd co-founder model"
Building Startups: the "3rd co-founder model"Building Startups: the "3rd co-founder model"
Building Startups: the "3rd co-founder model"
 
Front Series B Deck
Front Series B DeckFront Series B Deck
Front Series B Deck
 
The SaaS Founder’s Journey: What Matters at Each Stage
The SaaS Founder’s Journey: What Matters at Each StageThe SaaS Founder’s Journey: What Matters at Each Stage
The SaaS Founder’s Journey: What Matters at Each Stage
 
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
Techstars Boston - The Secret Playbook of Raising $$$ - May 2022
 
How to find product market fit
How to find product market fitHow to find product market fit
How to find product market fit
 
Dropbox Startup Lessons Learned
Dropbox Startup Lessons LearnedDropbox Startup Lessons Learned
Dropbox Startup Lessons Learned
 
Prop Tech 3.0 - The Future of Real Estate
Prop Tech 3.0 - The Future of Real EstateProp Tech 3.0 - The Future of Real Estate
Prop Tech 3.0 - The Future of Real Estate
 
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...
The Best Startup Investor Pitch Deck & How to Present to Angels & Venture Cap...
 
Startup pitch deck template
Startup pitch deck templateStartup pitch deck template
Startup pitch deck template
 
15 Tips for Creating an Incredible Startup Pitch
15 Tips for Creating an Incredible Startup Pitch15 Tips for Creating an Incredible Startup Pitch
15 Tips for Creating an Incredible Startup Pitch
 
Organisational Best Practices of Startup Studios
Organisational Best Practices of Startup Studios Organisational Best Practices of Startup Studios
Organisational Best Practices of Startup Studios
 
Founders Factory overview August
Founders Factory overview AugustFounders Factory overview August
Founders Factory overview August
 
Pitch Deck
Pitch Deck Pitch Deck
Pitch Deck
 
Startup studio fundraising fundamentals
Startup studio fundraising fundamentalsStartup studio fundraising fundamentals
Startup studio fundraising fundamentals
 

Similaire à How To Pitch Your Startup

Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)
Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)
Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)CityStarters
 
The Heek Product Cycle
The Heek Product CycleThe Heek Product Cycle
The Heek Product CycleHeek Team
 
Web Apps A To Z Rehash
Web Apps A To Z RehashWeb Apps A To Z Rehash
Web Apps A To Z RehashDavid Bisset
 
The FusionCharts Journey
The FusionCharts JourneyThe FusionCharts Journey
The FusionCharts JourneyPallav Nadhani
 
How To Launch A Product: 7 Tips To Drive Demand
How To Launch A Product: 7 Tips To Drive DemandHow To Launch A Product: 7 Tips To Drive Demand
How To Launch A Product: 7 Tips To Drive DemandDrift
 
Songkick Product Discovery FOWA (Michelle You)
Songkick Product Discovery FOWA (Michelle You)Songkick Product Discovery FOWA (Michelle You)
Songkick Product Discovery FOWA (Michelle You)Michelle You
 
Content Marketing by Rob Fitzpatrick
Content Marketing by Rob FitzpatrickContent Marketing by Rob Fitzpatrick
Content Marketing by Rob FitzpatrickStartupbootcamp
 
Rose Tech Ventures Talk
Rose Tech Ventures TalkRose Tech Ventures Talk
Rose Tech Ventures TalkRick Webb
 
Class 1: Introduction to web technology entrepreneurship
Class 1: Introduction to web technology entrepreneurship Class 1: Introduction to web technology entrepreneurship
Class 1: Introduction to web technology entrepreneurship allanchao
 
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...Zach Smith
 
The_million_dollar_pitch_deck.pdf
The_million_dollar_pitch_deck.pdfThe_million_dollar_pitch_deck.pdf
The_million_dollar_pitch_deck.pdfDavorKolenc
 
Teams That Ship Have More Fun! (And Profit)
Teams That Ship Have More Fun! (And Profit)Teams That Ship Have More Fun! (And Profit)
Teams That Ship Have More Fun! (And Profit)shayfrendt
 
How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018inFullMobile
 
Leanconf 2014: the agony of lean startup by tristan kromer
Leanconf 2014: the agony of lean startup by tristan kromerLeanconf 2014: the agony of lean startup by tristan kromer
Leanconf 2014: the agony of lean startup by tristan kromerLeanconf
 
How To Startup!
How To Startup!How To Startup!
How To Startup!inseconds
 
Creativity World Forum 2011 #cwf11
Creativity World Forum 2011 #cwf11Creativity World Forum 2011 #cwf11
Creativity World Forum 2011 #cwf11lisavdh
 

Similaire à How To Pitch Your Startup (20)

Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)
Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)
Bootstrap Business Seminar 3: Designing a Minimum Viable Product (MVP)
 
The Heek Product Cycle
The Heek Product CycleThe Heek Product Cycle
The Heek Product Cycle
 
Web Apps A To Z Rehash
Web Apps A To Z RehashWeb Apps A To Z Rehash
Web Apps A To Z Rehash
 
The FusionCharts Journey
The FusionCharts JourneyThe FusionCharts Journey
The FusionCharts Journey
 
How To Launch A Product: 7 Tips To Drive Demand
How To Launch A Product: 7 Tips To Drive DemandHow To Launch A Product: 7 Tips To Drive Demand
How To Launch A Product: 7 Tips To Drive Demand
 
Songkick Product Discovery FOWA (Michelle You)
Songkick Product Discovery FOWA (Michelle You)Songkick Product Discovery FOWA (Michelle You)
Songkick Product Discovery FOWA (Michelle You)
 
Day 2
Day 2Day 2
Day 2
 
Content Marketing by Rob Fitzpatrick
Content Marketing by Rob FitzpatrickContent Marketing by Rob Fitzpatrick
Content Marketing by Rob Fitzpatrick
 
formula-powerpoint
 formula-powerpoint formula-powerpoint
formula-powerpoint
 
Rose Tech Ventures Talk
Rose Tech Ventures TalkRose Tech Ventures Talk
Rose Tech Ventures Talk
 
Class 1: Introduction to web technology entrepreneurship
Class 1: Introduction to web technology entrepreneurship Class 1: Introduction to web technology entrepreneurship
Class 1: Introduction to web technology entrepreneurship
 
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...
How to Launch a Successful Crowdfunding Campaign And Fund Your First Producti...
 
The_million_dollar_pitch_deck.pdf
The_million_dollar_pitch_deck.pdfThe_million_dollar_pitch_deck.pdf
The_million_dollar_pitch_deck.pdf
 
Evangelizing Explained
Evangelizing ExplainedEvangelizing Explained
Evangelizing Explained
 
Teams That Ship Have More Fun! (And Profit)
Teams That Ship Have More Fun! (And Profit)Teams That Ship Have More Fun! (And Profit)
Teams That Ship Have More Fun! (And Profit)
 
How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018
 
Leanconf 2014: the agony of lean startup by tristan kromer
Leanconf 2014: the agony of lean startup by tristan kromerLeanconf 2014: the agony of lean startup by tristan kromer
Leanconf 2014: the agony of lean startup by tristan kromer
 
How To Startup!
How To Startup!How To Startup!
How To Startup!
 
Programming ideas
Programming ideasProgramming ideas
Programming ideas
 
Creativity World Forum 2011 #cwf11
Creativity World Forum 2011 #cwf11Creativity World Forum 2011 #cwf11
Creativity World Forum 2011 #cwf11
 

How To Pitch Your Startup

  • 1. How To Pitch Your Startup by @anthonyfrasier
  • 2. Anthony Frasier Founder, The Phat Startup Partner, BrickCity Tech / Converge I founded Playd, an app that allowed gamers to share their activity across multiple platforms. I was featured on “CNN’s Black in America: The New Promised Land - Silicon Valley.” I also made NBC The Grio’s 100: Making History Today list. Was featured in Tech Crunch, CNN Money, Black Enterprise, and speak at various industry events.
  • 3. How To Pitch Your Startup Because there is a natural storytelling urge and ability in all human beings, even just a little nurturing of this impulse can bring about astonishing and delightful results. —Nancy Mellon, The Art of Storytelling
  • 4. Every To Pitch Your Startup How time you pitch, your telling a Story
  • 5. The one sentence story: The high concept pitch
  • 6. How To Pitch Your Startup
  • 7. How To Pitch Your Startup
  • 8. How To Pitch Your Startup
  • 9. How To Pitch Your Startup It’s easy for me to guess what these movies are about.
  • 10. Can we say the same for your startup?
  • 11. How To Pitch Your Startup Something Something Your + = Familiar Familiar Startup
  • 12. For my first company “Playd” I told people it was...... How To Pitch Your Startup for Because Foursquare tracked locations, we were doing the same activity for video games.
  • 13. How To Pitch Your Startup Most tech startups try to use other popular tech products. But anything familiar will do the job.
  • 14. Lets try out a few
  • 15. Lets try out a few Netflix for...
  • 16. Lets try out a few Netflix for... Pets
  • 17. Lets try out a few Netflix for... Pets Evernote for...
  • 18. Lets try out a few Netflix for... Pets Evernote for... Whiteboards
  • 19. Lets try out a few Netflix for... Pets Evernote for... Whiteboards Google for...
  • 20. Lets try out a few Netflix for... Pets Evernote for... Whiteboards Google for... Home Buyers
  • 21. Lets try out a few Netflix for... Pets Evernote for... Whiteboards Google for... Home Buyers Bible for...
  • 22. Lets try out a few Netflix for... Pets Evernote for... Whiteboards Google for... Home Buyers Bible for... Event Planners
  • 23. This pitch is great for fans, customers, and investors to quickly spread the word about your company or project.
  • 24. The thirty second story: The elevator pitch
  • 25. An elevator pitch doesn't have to actually happen in an elevator.
  • 26. The elevator is a metaphor for the time it takes to get to the next floor or..... HURRY UP, YOU DONT HAVE MUCH TIME!
  • 27. How To Pitch Your Startup Almost a million ways online teaching you how to write one.
  • 28. How To Pitch Your Startup So I’ll show you a simple framework to help start.
  • 29. Your 30 second pitch should include all of this stuff 1. High Concept pitch/What is your product? 2. Problem 3. Solution 4. How do you make money? 5. Traction 6. Who is working on the product? 7. Why are you better than your competition? 8. The ask/Follow up
  • 30. Lets try out one GarbageDay is Weather.com for trash pick ups. 2 out of 5 people forget when it’s trash day, as a result end up paying fees. We created a mobile app that gives users notifications when it’s trash day, saving them time and money. The app is free so we make money displaying local advertising. We have 10,000 users and make $2,000 in monthly revenue. My name is Anthony Frasier, I'm building the app with my co founder James Lopez a computer science major. There are similar apps out, but none have our calendar integration. I would love to get your card and set up a time to speak further about GarbageDay.
  • 31. The Breakdown: GarbageDay is Weather.com for trash pick ups. 2 out of 5 people forget when it’s trash day, as a result end up paying fees. We created 1. High Concept pitch/What is your product? a mobile app that gives users notifications 2. Problem when it’s trash day, saving them time and 3. Solution money. The app is free so we make money 4. How do you make money? displaying local advertising. We have 10,000 5. Traction users and make $2,000 in monthly revenue. My 6. Who is working on the product? name is Anthony Frasier, I'm building the app 7. Why are you better than your competition? with my co founder James Lopez a computer 8. The ask/Follow up science major. There are similar apps out, but none have our calendar integration. I would love to get your card and set up a time to speak further about GarbageDay.
  • 32. You don’t have much time, so the name of the game here is Sacrifice
  • 33. Choose how many seconds you want to spend on each 1. High Concept pitch/What is your product? 3s 2. Problem 4s 3. Solution 4s 4. How do you make money? 3s 5. Traction 5s 6. Who is working on the product? 4s 7. Why are you better than your competition? 4s 8. The ask/Follow up 3s
  • 34. Then add/subtract on the areas you feel are most important. 1. High Concept pitch/What is your product? 3s + 2. Problem 4s - 3. Solution 4s + 4. How do you make money? 3s - 5. Traction 5s - 6. Who is working on the product? 4s + 7. Why are you better than your competition? 4s - 8. The ask/Follow up 3s +
  • 35. Try your best not to sacrifice these two items. 1. High Concept pitch/What is your product? 3s + 2. Problem 4s - 3. Solution 4s + 4. How do you make money? 5. Traction 6. Who is working on the product? 4s + 6. Why are you better than your competition? 4s - 7. The ask/Follow up 3s +
  • 36. Then Practice How To Pitch Your Startup
  • 37. How To Pitch Your Startup Keep going until you get it right.
  • 38. How To Pitch Your Startup Keep going until you get it right. Seek critics and ask for feedback.
  • 39. Work on displaying good: Confidence Pitch Your Startup How To Passion Posture
  • 40. The five minute story: Investor pitch deck/presentation
  • 41. You will have to have two versions of this pitch
  • 42. One deck you send digitally, without you being present. More information
  • 43. One deck you present live and in person. More oral information, more imagery
  • 44. Can you imagine an investor opening her email staring at the art work trying to figure out what it means?
  • 45. Can you imagine an investor watching you pitch staring at the wall of text trying to figure out what it means?
  • 46. So make adjustments. Include an appendix if necessary.
  • 47. you can create a pitch deck in any of these formats Google Drive Adobe PDF Keynote Power Point deck = collection or series of slides
  • 48. Your pitch deck should have 10-12 slides telling your story
  • 49. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 50. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 51. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 52. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 53. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 54. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 55. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 56. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 57. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 58. I like Mark Suster’s formula 1.Bio of top 3 people in the company.  Short sentences, bullet points, easy to read. 2. Problem definition (with the market … it’s why you exist) highest level 4. Details on the solution How To Pitch Your Startup 3. How you solve that problem conceptually at the [Demo could go here] 5. Why you believe there is economic value in what you do / how you think you can monetize one day 6. Competition 7. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing) 8. Market sizing 9. Potential future exit possibilities 10. How much are you raising, how long will it last, key milestones you plan to hit before the next round
  • 59. ? You don’t have to follow this closely, but its a great guide on what each slide should be about.
  • 60. For example when I pitched my first company “Playd” I switched some things around. Traction Market Team My team wasn't super technical, so I placed it near the end to put more focus on the problem I was solving and traction.
  • 61. Common Mistake How To Pitch Your Startup Taking too long explaining or demo’ing anything
  • 62. How To Pitch Your Startup Use a slide size that makes sense for large screens. I used 1280 x 720 for this deck your viewing.
  • 63. When presenting live, try your best to keep it under five minutes.
  • 64. Work on displaying good: Confidence Pitch Your Startup How To Passion Posture
  • 65. How To Pitch Your Startup Practice In the Mirror
  • 66. Resources that will make this presentation 10 times better for you! Building Great Presentations by Mattan Griffel - http:// slidesha.re/URqwFt slide:ology: The Art and Science of Creating Great Presentations by Nancy Duarte - http://amzn.to/R0iGgM What Every BODY is Saying: An Ex-FBI Agent's Guide to Speed-Reading People by Joe Navarro - http://amzn.to/ SwyyJD Say It Like Obama and WIN!: The Power of Speaking with Purpose and Vision by Shelly Leanne - http://amzn.to/ Y6IomU
  • 67. Thanks! Hit me up, lets chat! Come check me out at: anthonyfrasier.com & ThePhatStartup.com Anthony Frasier info@anthonyfrasier.com @anthonyfrasier