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MASTERING THE PITCH
LESSONS FROM BOTH SIDES
     OF THE TABLE
       JUSTIN DAVIES


                       emergination
TWO PARTS
PITCH PLUS GETTING TO PITCH




                              emergination
emergination
TOUGH CROWD!!!




       emergination
CEBIT TECHRAMP
7 PITCHES, 7 MINUTES




                       emergination
MY MUST DO’S THAT 90% OF
    PEOPLE WON’T DO
OVER PREPARE

PRACTICE THE PRESENTATION TOGETHER AS A TEAM

BRAINSTORM ALL OF THE QUESTIONS YOU MIGHT ASK

DETERMINE WHO ANSWERS THEM - CHANNEL THE FLOW,
INVOLVE EVERYONE

HAVE YOUR NOTES TO HAND

WARM UP YOUR VOICE

TRY TO ENJOY IT

TAKE THEM ON THE JOURNEY
                                          emergination
SIMPLE THINGS THAT DRIVE
      PEOPLE INSANE

RATTLING KEYS

MOVING AROUND INCESSANTLY

WAVING HANDS

NOT ENGAGING EYE CONTACT

MONOTONE

NOT ANSWERING THE BRIEF




                            emergination
MOST INVESTORS ARE
CONSIDERED
NOT AGGRESSIVE




                     emergination
STORIES ARE REMEMBERED




                     emergination
THE 5 KEYS

1.   KNOW YOUR PRODUCT AND WHY IT IS BEST FOR YOUR
     CLIENT

2.   UNDERSTAND HOW YOUR CLIENT BUYS - AND WHO IS
     INVOLVED

3.   INFLUENCE THE DECISION MAKERS

4.   BUILD THE COMPELLING PRESENTATION AND OVER PRACTICE

5.   CREATING THE COMPELLING CONCLUSION

     LET’S LOOK AT AN EXAMPLE SELLING
     ENTERPRISE SOFTWARE...
                                                emergination
KEY 1: DESIRE CREATES THE
         POWER
            !   DEVELOP THE COMPELLING
                PROPOSITION AND VISION

            •   FEATURES, ADVANTAGE AND
                BENEFITS

            •   ANALYSE YOUR MARKET

            •   ANSWER THE QUESTION…
                “WHY IS YOUR SOLUTION THE
                BEST SOLUTION?”
                ….IN A SINGLE SENTENCE



                                emergination
KEY 2: UNDERSTAND HOW YOUR
         CLIENT BUYS
  ARE THERE PURCHASING THRESHOLDS EG. >$100K =
  TENDER..

  IF VENTURE CAPITAL - NOTHING WILL ANNOY A VC MORE
  THAN SOMEONE WHO HASN’T BOTHERED TO CHECK OUT
  THEIR INVESTMENT CRITERIA

  IS A PROOF OF CONCEPT A GOOD WAY TO START (MAY BE
  PAID FOR…). CUSTOMERS BEFORE YOU REQUIRE CAPITAL IS
  BEST IF AT ALL POSSIBLE

  IS A BUSINESS CASE REQUIRED?

  WHO WILL DRIVE PROCUREMENT?

  WHO WILL BE INVOLVED IN THE DECISION?
                                              emergination
KEY 3: INFLUENCE THE DECISION
        MAKER’S THINKING
FRIENDLY EAR – GIVES YOU THE INSIDE INFORMATION

DECISION MAKERS:

•   THE PERSON IN PAIN

•   THE PERSON IN POWER

•   THE PERSON WITH MONEY

•   THE TECHNICAL ADVISOR

THEY COMPRISE THE DECISION COMMITTEE
                                         emergination
THE PERSON IN PAIN

• PERSON IMPACTED BY THE
  TECHNOLOGY

• EXPLAIN THE IMPACTS

• SHOW THE PRODUCT IN
  ACTION - PREFERABLY HAVE
  A CLIENT SHOW THEM

• MAKE THE INTANGIBLE
  TANGIBLE

                               emergination
THE PERSON IN POWER

WILL HAVE MORE STRATEGIC PERSPECTIVE

WILL ALSO HAVE A GOOD SENSE OF HOW TO MAKE THIS
WORK AND POTENTIAL PITFALLS

YOU MAY NOT MEET THEM UNTIL YOUR FINAL PITCH

   YOU CAN ONLY BUILD RAPPORT DURING THE
   PRESENTATION

   THEY ASSESS WHETHER THEIR “PERSON IN PAIN”
   TRUSTS YOU




                                           emergination
TECHNICAL ADVISOR


•   LOOKS FOR TRAPS

•   RARELY HAS POWER TO SAY YES

•   DEFINITELY HAS POWER TO SAY NO

•   NEEDS TO UNDERSTAND
    TECHNICAL ENVIRONMENT FIT, BUSINESS RISKS,
    AND SUPPORT REQUIREMENTS

•   SOMETIMES HAS VESTED INTERESTS

•   THE TURKEY NEVER EVER INVITES PEOPLE TO THANKSGIVING

                                                 emergination
THE PERSON WITH MONEY


•   RETURN ON INVESTMENT (ROI) CRITICAL

•   MAY USE UNIQUE MEASURE OR SERIES OF MEASURES TO
    WORK THIS OUT

•   NEEDS TO UNDERSTAND ASSUMPTIONS UPON WHICH YOU
    BASE YOUR FIGURES

•   INTANGIBLES ARE OFTEN CONSIDERED WORTHLESS IN A
    BUSINESS CASE




                                               emergination
KEY 4: BUILDING THE COMPELLING
              PRESENTATION
•   TELL THEM WHAT YOU ARE GOING TO TELL THEM
     –   BRIEF SUMMARY OF BENEFITS

     –   AGENDA

     –   TIMING

•   TELL THEM

•   TELL THEM WHAT YOU TOLD THEM
     –   BRIEF SUMMARY

     –   RECAP THE MOST COMPELLING POINTS

     –   WHAT SPECIFICALLY DO YOU WANT
         THEM TO DO NEXT?                   emergination
USING PRESENTATION TOOLS

INEXPERIENCED PRESENTERS OFTEN RELY TOO MUCH ON THEIR
PRESENTATION SOFTWARE SUCH AS POWERPOINT. THEY STAND AND
READ THEIR SLIDES, WITH THEIR BACKS TO YOU, AND FORGET THEIR
HEAD IS NOT MADE OF GLASS.

PEOPLE READ AT AROUND 300 TO 400 WORDS PER MINUTE ON AVERAGE.
A GOOD SPEED FOR A PRESENTER TO TALK IS 120 WORDS PER MINUTE.
THEREFORE ON AVERAGE YOUR AUDIENCE CAN READ THREE TIMES
FASTER THAN YOU CAN SPEAK. THIS MEANS BY NOW YOU WILL HAVE
READ TO THE BOTTOM OF THIS SLIDE AND ARE WAITING FOR ME TO
HURRY UP AND FINISH READING IT. YOU ARE ALSO QUITE WORRIED
THAT THE REST OF THE PRESENTATION IS GOING TO GO LIKE THIS.

A BETTER WAY IS TO TALK ABOUT THE ISSUES THAT EACH SLIDE
ADDRESSES AND USE THE SLIDE TO BRING TOGETHER A SUMMARY OF
THE KEY POINTS. YOU MIGHT BE SIMPLY ADDRESSING EACH POINT IN
MORE DEPTH THAN YOU HAVE ON THE SLIDE. IF YOU ILLUSTRATE A
CONCEPT WITH A DIAGRAM SO MUCH THE BETTER.
                                                    emergination
DEALING WITH QUESTIONS

• HOLD THEM UNTIL THE END

• IF THEY INSIST, ACKNOWLEDGE THE ISSUE,
  WRITE THE QUESTION DOWN AND ASK IF YOU
  CAN HOLD IT TO THE END

• IF THEY REALLY INSIST, STOP AND
  DEAL WITH IT




                                     emergination
OVER PRACTICE
SUCCESS BEFORE WORK ONLY OCCURS IN THE
DICTIONARY

PRACTICE YOUR PRESENTATION, HANDOVERS
BETWEEN SPEAKERS, ANSWERING QUESTIONS,
ROLE PLAYING

VIDEO IT

PRACTICE NEGOTIATING TO A DEAL - AND HAVE
MORE THAN ONE IN MIND. PREPARATION GIVES YOU
THE FLEXIBILITY...


                                     emergination
KEY 5: COMPELLING CONCLUSION
 •   THE KEY, MOST IMPORTANT BENEFITS

 •   ALIGN TO CORPORATE STRATEGY - BIG OBJECTIVES

 •   MAKE REFERENCE POINTS FOR EACH BUYER

 •   SUMMARISE ROI

 •   CALL TO ACTION

     • WHY THIS

     • WHY YOU

     • WHY NOW

     • NEXT STEP                              emergination
“ COURAGE IS THE CAPACITY TO
 CONFRONT WHAT CAN BE
      IMAGINED….”
                               LEO ROSTEN



   THANK YOU - AND GO GET ‘EM!!!


                                   emergination
EMERGINATION
WE SHOW YOU WHICH WAY

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Mastering the Pitch

  • 1. MASTERING THE PITCH LESSONS FROM BOTH SIDES OF THE TABLE JUSTIN DAVIES emergination
  • 2. TWO PARTS PITCH PLUS GETTING TO PITCH emergination
  • 4. TOUGH CROWD!!! emergination
  • 5. CEBIT TECHRAMP 7 PITCHES, 7 MINUTES emergination
  • 6. MY MUST DO’S THAT 90% OF PEOPLE WON’T DO OVER PREPARE PRACTICE THE PRESENTATION TOGETHER AS A TEAM BRAINSTORM ALL OF THE QUESTIONS YOU MIGHT ASK DETERMINE WHO ANSWERS THEM - CHANNEL THE FLOW, INVOLVE EVERYONE HAVE YOUR NOTES TO HAND WARM UP YOUR VOICE TRY TO ENJOY IT TAKE THEM ON THE JOURNEY emergination
  • 7. SIMPLE THINGS THAT DRIVE PEOPLE INSANE RATTLING KEYS MOVING AROUND INCESSANTLY WAVING HANDS NOT ENGAGING EYE CONTACT MONOTONE NOT ANSWERING THE BRIEF emergination
  • 8. MOST INVESTORS ARE CONSIDERED NOT AGGRESSIVE emergination
  • 9. STORIES ARE REMEMBERED emergination
  • 10. THE 5 KEYS 1. KNOW YOUR PRODUCT AND WHY IT IS BEST FOR YOUR CLIENT 2. UNDERSTAND HOW YOUR CLIENT BUYS - AND WHO IS INVOLVED 3. INFLUENCE THE DECISION MAKERS 4. BUILD THE COMPELLING PRESENTATION AND OVER PRACTICE 5. CREATING THE COMPELLING CONCLUSION LET’S LOOK AT AN EXAMPLE SELLING ENTERPRISE SOFTWARE... emergination
  • 11. KEY 1: DESIRE CREATES THE POWER ! DEVELOP THE COMPELLING PROPOSITION AND VISION • FEATURES, ADVANTAGE AND BENEFITS • ANALYSE YOUR MARKET • ANSWER THE QUESTION… “WHY IS YOUR SOLUTION THE BEST SOLUTION?” ….IN A SINGLE SENTENCE emergination
  • 12. KEY 2: UNDERSTAND HOW YOUR CLIENT BUYS ARE THERE PURCHASING THRESHOLDS EG. >$100K = TENDER.. IF VENTURE CAPITAL - NOTHING WILL ANNOY A VC MORE THAN SOMEONE WHO HASN’T BOTHERED TO CHECK OUT THEIR INVESTMENT CRITERIA IS A PROOF OF CONCEPT A GOOD WAY TO START (MAY BE PAID FOR…). CUSTOMERS BEFORE YOU REQUIRE CAPITAL IS BEST IF AT ALL POSSIBLE IS A BUSINESS CASE REQUIRED? WHO WILL DRIVE PROCUREMENT? WHO WILL BE INVOLVED IN THE DECISION? emergination
  • 13. KEY 3: INFLUENCE THE DECISION MAKER’S THINKING FRIENDLY EAR – GIVES YOU THE INSIDE INFORMATION DECISION MAKERS: • THE PERSON IN PAIN • THE PERSON IN POWER • THE PERSON WITH MONEY • THE TECHNICAL ADVISOR THEY COMPRISE THE DECISION COMMITTEE emergination
  • 14. THE PERSON IN PAIN • PERSON IMPACTED BY THE TECHNOLOGY • EXPLAIN THE IMPACTS • SHOW THE PRODUCT IN ACTION - PREFERABLY HAVE A CLIENT SHOW THEM • MAKE THE INTANGIBLE TANGIBLE emergination
  • 15. THE PERSON IN POWER WILL HAVE MORE STRATEGIC PERSPECTIVE WILL ALSO HAVE A GOOD SENSE OF HOW TO MAKE THIS WORK AND POTENTIAL PITFALLS YOU MAY NOT MEET THEM UNTIL YOUR FINAL PITCH YOU CAN ONLY BUILD RAPPORT DURING THE PRESENTATION THEY ASSESS WHETHER THEIR “PERSON IN PAIN” TRUSTS YOU emergination
  • 16. TECHNICAL ADVISOR • LOOKS FOR TRAPS • RARELY HAS POWER TO SAY YES • DEFINITELY HAS POWER TO SAY NO • NEEDS TO UNDERSTAND TECHNICAL ENVIRONMENT FIT, BUSINESS RISKS, AND SUPPORT REQUIREMENTS • SOMETIMES HAS VESTED INTERESTS • THE TURKEY NEVER EVER INVITES PEOPLE TO THANKSGIVING emergination
  • 17. THE PERSON WITH MONEY • RETURN ON INVESTMENT (ROI) CRITICAL • MAY USE UNIQUE MEASURE OR SERIES OF MEASURES TO WORK THIS OUT • NEEDS TO UNDERSTAND ASSUMPTIONS UPON WHICH YOU BASE YOUR FIGURES • INTANGIBLES ARE OFTEN CONSIDERED WORTHLESS IN A BUSINESS CASE emergination
  • 18. KEY 4: BUILDING THE COMPELLING PRESENTATION • TELL THEM WHAT YOU ARE GOING TO TELL THEM – BRIEF SUMMARY OF BENEFITS – AGENDA – TIMING • TELL THEM • TELL THEM WHAT YOU TOLD THEM – BRIEF SUMMARY – RECAP THE MOST COMPELLING POINTS – WHAT SPECIFICALLY DO YOU WANT THEM TO DO NEXT? emergination
  • 19. USING PRESENTATION TOOLS INEXPERIENCED PRESENTERS OFTEN RELY TOO MUCH ON THEIR PRESENTATION SOFTWARE SUCH AS POWERPOINT. THEY STAND AND READ THEIR SLIDES, WITH THEIR BACKS TO YOU, AND FORGET THEIR HEAD IS NOT MADE OF GLASS. PEOPLE READ AT AROUND 300 TO 400 WORDS PER MINUTE ON AVERAGE. A GOOD SPEED FOR A PRESENTER TO TALK IS 120 WORDS PER MINUTE. THEREFORE ON AVERAGE YOUR AUDIENCE CAN READ THREE TIMES FASTER THAN YOU CAN SPEAK. THIS MEANS BY NOW YOU WILL HAVE READ TO THE BOTTOM OF THIS SLIDE AND ARE WAITING FOR ME TO HURRY UP AND FINISH READING IT. YOU ARE ALSO QUITE WORRIED THAT THE REST OF THE PRESENTATION IS GOING TO GO LIKE THIS. A BETTER WAY IS TO TALK ABOUT THE ISSUES THAT EACH SLIDE ADDRESSES AND USE THE SLIDE TO BRING TOGETHER A SUMMARY OF THE KEY POINTS. YOU MIGHT BE SIMPLY ADDRESSING EACH POINT IN MORE DEPTH THAN YOU HAVE ON THE SLIDE. IF YOU ILLUSTRATE A CONCEPT WITH A DIAGRAM SO MUCH THE BETTER. emergination
  • 20. DEALING WITH QUESTIONS • HOLD THEM UNTIL THE END • IF THEY INSIST, ACKNOWLEDGE THE ISSUE, WRITE THE QUESTION DOWN AND ASK IF YOU CAN HOLD IT TO THE END • IF THEY REALLY INSIST, STOP AND DEAL WITH IT emergination
  • 21. OVER PRACTICE SUCCESS BEFORE WORK ONLY OCCURS IN THE DICTIONARY PRACTICE YOUR PRESENTATION, HANDOVERS BETWEEN SPEAKERS, ANSWERING QUESTIONS, ROLE PLAYING VIDEO IT PRACTICE NEGOTIATING TO A DEAL - AND HAVE MORE THAN ONE IN MIND. PREPARATION GIVES YOU THE FLEXIBILITY... emergination
  • 22. KEY 5: COMPELLING CONCLUSION • THE KEY, MOST IMPORTANT BENEFITS • ALIGN TO CORPORATE STRATEGY - BIG OBJECTIVES • MAKE REFERENCE POINTS FOR EACH BUYER • SUMMARISE ROI • CALL TO ACTION • WHY THIS • WHY YOU • WHY NOW • NEXT STEP emergination
  • 23. “ COURAGE IS THE CAPACITY TO CONFRONT WHAT CAN BE IMAGINED….” LEO ROSTEN THANK YOU - AND GO GET ‘EM!!! emergination