Before you start pitching, roleplay the investor perspective
Pitches need to be given from the perspective of the investor.
These things are too often forgotten
- The investor’s job is to make a financial return for their investors.
- They get thousands of pitches per year. This means they are distracted and also that they’ve probably heard a similar pitch to yours already.
Put your investor hat on
- Did you understand the value quickly?
- Did it activate your greed? I know that sounds shallow and horrible, but…
- Does it make you feel that “This is just like Company X and Company Y”, or can you articulate one or two points that make this a unique opportunity?
- Can you imagine the next few years of development, and do you believe it is possible?
Roleplay with others
- Try this with others. Perhaps other founders or people in your team. Especially people who are not industry experts.
- Imagine re-mortgaging your house or selling your car to get a piece of this company. Whatever feels like taking some pain and taking a risk. Would you invest?
Daily startup news and insights, delivered to your inbox.