1) Tell a story
Founders should craft their pitch decks as a compelling story, keeping in mind that the audience is an investor, not a customer. The investor is trying to understand the potential return on their investment and the team's capability to solve the problem.
2) Research your investors and personalize
Entrepreneurs should research the investor they're reaching out to and understand why that particular investor is a good fit for their startup. This shows the investor that the entrepreneur has done their homework.
3) Make sure your content is relevant and authentic
-
The first slide is crucial and should convey the purpose of the startup. It should address the "why" behind the business.
-
The pitch deck should also highlight why the team or founder is the right fit to solve the problem.
-
Incorporating authentic testimonials from early users can be impactful.
-
Predicting and answering potential investor questions in the pitch deck shows preparation and understanding of the industry and potential objections.
-
The pitch deck should be simple and easy to follow. Overloading it with content can lose the investor's interest.
4) Get feedback and iterate
Entrepreneurs should constantly seek feedback on their pitch decks and iterate based on that feedback. They should have multiple versions tailored for different audiences.
5) Look for engagement and interaction
During the pitch, it's essential to keep the conversation interactive and engaging. If the investor isn't asking questions, they might have lost interest.
Founders should anticipate potential questions from investors and address them in their pitch decks.
6) Make the ask detailed and clear
Beyond seeking financial investment, founders should also highlight other forms of support or value they seek from the investor.