Connect with us

Business

Experts’ Advice On How To Pitch A Startup To Investors

It’s more important for the right people to say yes, than for everyone to say yes

The long history of entrepreneurship is filled with great ideas that ended up in the garbage bin because of the lack of funding. To this very date very little has changed. Sure, the circumstances for founding a startup may be more favorable than ever before, but if you are not able to knock out the investors, they will worth very little. Let us see then what experts from various business fields have to say about pitching the startup to investors and how these tips can help you to bring your business into existence.

Experts’ Advice On How To Pitch A Startup To Investors

Keep the Things Concise

According to Chris Sacca, veteran VC, the optimal version of your pitch should not last more than 2 minutes. During those 2 minutes you should go through the topics like the nature of your business model, what makes you uniquely qualified to pull off the idea you have brought on the table, what sets you apart from the competitors, and, of course, the things regarding the startup funding. Also, try to be as precise as possible in regards to the money you are going to ask. If you are, for example, raising 1.8 million don’t try to ask for a sum between 1.5 and 2 million.

Elaborate the things That Matter

Still, being concise doesn’t necessarily mean breezing through topics that should be, by any means, elaborated. Well, at least as much as the short time-frame allows you. Brian Cohen, chairman of the New Your Angels claims that the investors are very interested to hear more about the market trends that are driving the product, what will be your main revenue stream, and how the investment will be spent. Come up with some interesting fact or a piece of trivia and you are ought to make a good impression.

Show that You Have Everything Covered

When founding a startup, entrepreneurs face some very critical financial and tax issues. Judging by Kris Parad, one of the people behind Pherrus Financial Services, these issues can range from inaccurate or missing BAS, to operating at unsubstantional loss and mishandling the income statement. All these problems can warrant the ATO audit or something even worse. If your pitch covers some of these critical issues, or proposes cooperation with some third party to prevent them for occurring, the investors will know that their money will be handled in a conscious way.

Business Bytes Common Tech Problems Your Company Might Run Into

Research the Investors

“It’s more important for the right people to say yes, than for everyone to say yes”, claims Reid Hoffman, co-founder of LinkedIn and venture capitalist. In order to impress those right people, you should do your best to look through their previous track record and try to discover what made the business they have backed before worth their attention, claims Hoffman. Once you are done with the research you will know how to crack the investors that initially show excitement for your product or start asking interesting questions. Try to be as honest about some more problematic areas of your business as possible, because it will help you build confidence and appeal to the willing even easier.

Learn from Other’s Mistakes

According to Mark Cuban, owner of the Dallas Mavericks and co-founder of 3Com, you have to know your product and the entire industry cold. “The biggest error I see in startupts that pitch to me”, says Cuban, “is no sense of history”. He further elaborates that there is huge number of pitches that eventually failed, but there is no detailed record of them on internet. Entrepreneurs are sometimes not even aware that their ideas have been tried before and failed. Cuban suggests that if you want to pitch such idea you should at talk with people who have been around to learn how to make the idea work.

These days, finding a proper investor just may be the hardest part of founding a startup. Of course, the secret of winning over the investors lies in a good pitch. Use the tips we gave your to come up with the best pitch in the world – The competition will be hard, and every little trick you can pull off can do nothing but help you.

Recent Posts

Autos4 hours ago

4 Reasons to Replace Your Car’s Engine With Performance Parts

Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...

Maximum Power: Update Your Old House For Modern Electrical Needs Maximum Power: Update Your Old House For Modern Electrical Needs
Home Improvement4 days ago

Maximum Power: Update Your Old House For Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health2 weeks ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General3 weeks ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

How To Choose The Best Locksmith For The Job How To Choose The Best Locksmith For The Job
Home Improvement3 weeks ago

How To Choose The Best Locksmith For The Job

The existence of a locksmith is very crucial for society because they help out countless people on a daily basis....

5 Modern Conservatory Ideas To Create A Serene Escape 5 Modern Conservatory Ideas To Create A Serene Escape
General4 weeks ago

5 Modern Conservatory Ideas To Create A Serene Escape

Having a serene and relaxing conservatory is the dream, especially in the summer months. Creating an extension of your home...

4 Different Types Of Lifting Equipment For A Construction Site 4 Different Types Of Lifting Equipment For A Construction Site
Business4 weeks ago

4 Different Types Of Lifting Equipment For A Construction Site

One of the biggest challenges on a construction site is the problem of lifting heavy materials and tools to a...

5 Tips That Can Help Your Business Flourish 5 Tips That Can Help Your Business Flourish
Business1 month ago

5 Tips That Can Help Your Business Flourish

Many, both small and big, businesses were affected by the outbreak of the novel coronavirus, no one was spared. Overnight,...

Why First Aid Training Is Essential For Your Business Why First Aid Training Is Essential For Your Business
Education1 month ago

Why First Aid Training Is Essential For Your Business

Introduction All employers, depending on the establishment, should organize and provide basic appropriate conditions for lunch breaks as well as...

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family
Lifestyle1 month ago

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family

If you are in the market for health insurance, you may be overwhelmed by the many different features and the...

How to Prevent Potential Hazards In A Lab How to Prevent Potential Hazards In A Lab
General1 month ago

How to Prevent Potential Hazards In A Lab

Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...

How to Extend Your UK Spouse Visa How to Extend Your UK Spouse Visa
Travel2 months ago

How to Extend Your UK Spouse Visa

The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...

How Best Is Automation Helping The Retail Industry to Survive? How Best Is Automation Helping The Retail Industry to Survive?
Business2 months ago

How Best Is Automation Helping The Retail Industry to Survive?

“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...

Best Artificial Intelligence Trends to Watch Out In 2021 Best Artificial Intelligence Trends to Watch Out In 2021
Tech2 months ago

Best Artificial Intelligence Trends to Watch Out In 2021

Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Markets & Finance2 months ago

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm

Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...

Categories

Archives

Trending