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MenuWhat are the best practices in finding a mentor to edit and critique a pitch deck?
Got a pitch deck submitting for placement at a big event in Europe. Need someone to critique and offer advice urgently.
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I'd be happy to help, I've advised many early stage startups on their pitch decks. Feel free to send a Dropbox link to your pitch deck so that I can go through it beforehand,
best,
Lee
The best site for getting feedback on a pitch deck is Crowdsourcia.com. You can upload your draft (or polished version), then select from their pre-vetted experts and they will all collaborate on your pitch deck in real time. Check it out, first 10 comments are free too.
Hello, my name is Humberto Valle, I'm a strategic marketer with just about 10 years of service and partnerships with large global agencies.
I have pitched in the past and secured several rounds for a couple of our startups as well as helped others with feedback and training on pitches. feel free to send me your deck to humberto@unthink.me.
I too can review the deck briefly for you if you send it to me.
The pitch deck is really inconsequential though. It is the pitch (deck, appearance, personality, etc.) that matters.
So, please send me the deck, the intended tone/style of the pitch, and a list of who will attend (from your side), their roles in the company and their roles in the pitch.
Finding a mentor is long and complex process. What do you offer in return to a mentor spending time to review your pitch? Because there is no such thing as a FREE lunch, several years ago I have developed an entry level consulting service for my clients: pitchdeck review. http://www.anagard.com/services/InvestorPitchImprovement.html
Please check out my investor pitch review packages, chose that one that is the most appropriate for you and give me a call.
I have been working exclusively with startups and new businesses for over 5 years. This is my full time job (not a side gig) helping entrepreneurs get their business of the ground and get money from investors, so I have seen numerous pitchdecks and business models over the years. Because of that, I am not biased, I can give you probability of raising money with the current deck and work with you to fix the weak spots that everyone has. I look forward working with you.
Hire a specialist from one of the freelance marketplaces out there (Upwork is a good choice). I've been assisting clients with their pitch decks since 2005 and am an angel investor as well. I can take a look at your deck and offer suggestions for improvement. You can also check out some of our work with other startups at www.apitchdeck.com
Pitch Deck Building Blocks
What does the deck need to have in it? Your checklist should include the following topics:
1. Customer Problem: description of customer pain and how the company solves it - concept & key elements
2. Product Overview: what the company does, for whom and why it’s compelling
3. Key Players: founders, key team members, and key advisors, with industry backgrounds and expertise
4. Market Opportunity: market size, growth characteristics, segmentation
5. Competitive Landscape: competitors and competitive feature sets, plus your sustainable competitive advantages
6. Go-To-Market Strategy: how the company will sell its product, in detail, including roughly how much it will cost to build that sales engine
7. Stage of Development: product development, customer acquisition, partner relationships
8. Critical Risks & Challenges: what can go wrong and how the company plans to manage it
9. Financial Projections: how much time and money it will take to get to cash flow break-even and five year projections (it is really helpful if entrepreneurs show Yr5 mid-case, worst case and best case with key assumptions)
10. Exit Options: categories of likely buyers, rationales, list of specific likely buyers and comparables with valuation multiples
11. Funding Requirements: how much, what the company will use it for, what milestones it expects to hit
I am an expert in advising on pitch decks. Feel free to setup a call.
Related Questions
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The petal diagram is great for new markets: http://steveblank.com/2013/11/08/a-new-way-to-look-at-competitors/VA
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Have you considered crowdfunding? Investment grants will be able to take care of funding but crowdfunding has the benefit of taking care of funding and providing a customer base.There are many examples of teams without a fully working prototype being successful on these platforms. Kickstarter will be off the table but you have some great options with Indiegogo (https://www.indiegogo.com/) and the Brazil specific network Catarse (http://catarse.me/en) Of course, you will have to focus on things like presenting your story and getting attention for a bit but if you are successful you will have money for a prototype, access to a customer base and exposure that could bring some helpful people onto your team - even the angels and VCs you'll need to get to the next level. Message me if you need some help - I'm not personally an expert in crowdfunding but I can connect you with some of the best in the business.JR
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How do startups figure out their pre-money valuation when when talking to investors before their company is making any money?
I'm both an active angel investor and entrepreneur who has recently raised capital. I'll start with what is standard in Silicon Valley and then apply various multiples and discounts where relevant. For an angel or early seed round, the current going rate is $3m-$5m pre-money via a capped note or priced round. Priced Rounds typically most often use the "Series Seed" docs and Convertible Notes typically are 18-24 month terms with a 15% discount. I don't mean to be argumentative but Marco is incorrect that valuation can be avoided by a capped note. And in general, there is no way to avoid setting a valuation except via an uncapped note, which is almost unheard of. Setting your cap and discount will have a significant impact on your cap structure, the same (and in some cases) worse than a priced round. This $3m - $5m range is what I'd call current market value in the valley for "ideation-stage" capital. This is that there is a team in place, typically some form of MVP and in some cases some very basic market data supporting the general thesis of the raise. In the other market I'm familiar with (Canada), the range for the same stage of capital is $1m - $3 with most being in between $1m and $2m and most preferring priced rounds over notes. These rounds rarely have a real lead since the raise is typically $500k or less, so if you price it reasonably, most (good) angels will accept the terms as is. The low and high end of the ranges are discounted and pushed by the credibility presented most often by the team (done it before, worked for a notable company, had some relevant success) or strong evidence of the thesis being correct. It's also the Founder's option to price the round at the top end of reasonable or provide what you might consider a discount, depending on the kind of investors you are courting. So while this is what I'm seeing as "current market conditions" there is price elasticity in any market. The best way you know if you've priced it right, is if people are buying. Any angel investor should be able to give you a conditional answer after the first meeting (subject to playing with the product, reading terms, meeting the rest of the team). Any angel investor in ideation stage capital who can't give you a yes, no or subject-to yes in the first meeting is not worth pursuing IMO. Any investor who can't close within 3 meetings or conversations won't close (9 times out of 10). Happy to talk to you about the specifics of where you're at, what might help you improve your odds and generally get you closer to the point where you're ready to raise.TW
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Pitch Decks: Where can you get the most design bang for your buck?
I heard of a startup that recently launched called http://sketchdeck.com that has become pretty popular for fundraising decks. Happy to do a dry run of your pitch with you in a call.TW
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