 Thanks to the thousands who replied to my question last week. If you are looking to raise more than $1M in the next 3 months, make sure to reply to this email. I have time to help just two more companies find their story, learn to share it and NAIL their pitch! | | | Six Ingredients of a Successful Startup Pitch | 
Overview Every pitch needs to hit all 6 of these. Many VCs will say that if you have 6, your pitch is great; if you have 5, it's good, 4 or less, and there is no chance of a deal.
But I don't do good; I do great, so my clients and my subscribers better have all 6 in their deck. Whoever you are, planning to pitch with just 5 of these, thinking that's good enough. Please unsubscribe; this community demands greatness; if you don't know how to add the sixth, then DM me on Twitter, and we will figure it out together! Problem No Problem = No Need
The best companies are painkillers, not vitamins. Customers don't just want your product; they NEED it. Make sure your pitch communicates a real problem. Solution No Solution = No Product If you don't know the solution to the product or can't explain it, you can't build it. It's that simple. You need to present the solution to the problem. | | | Tech enthusiasts (like us) and industry leaders turn to Patent Drop. Sent 2x weekly to your inbox, this free newsletter uncovers the innovative technologies and ideas shaping the future. From biometric authentication to electric vehicles, their team of journalists provides in-depth analysis of how these advancements will impact your industry. Join 25,000 tech pioneers, including CTOs at Fortune 500 companies, who read Patent Drop. | | |
Traction
No Traction = No Customers
It doesn't matter if it's a free trial, but you need to have some type of traction, something to prove that there is a customer with the problem who agrees with your solution. If you don't have this, especially in the current economic environment, you won't raise! Market No Market = No Growth VCs are in the business of 100x returns. If you can't show them a big market you can grow into, you won't raise money. Model No Model = No Money If you don't have a business model, you can't make money. Nobody is gonna back a company that solves a problem for free. You need a model for how you will capture the value you create and make money! Team No Team = No Execution If VCs don't believe in your team, they won't invest. No matter how great an idea is, you need a team capable of executing it. Summary If you want to raise, you need all 6 ingredients, and you need VCs to buy into all of them. If they feel any of this is missing, they won't invest! - Problem
- Solution
- Traction
- Market
- Model
- Team
| | | LegalPreneurship will help you make better business decisions and understand legal issues. Unfortunately, it doesn't replace the time-consuming and expensive legal grunt work like contract drafting. To help you with that, I am developing software that will help you avoid unnecessary legal fees. Click Here to access a Google Drive file with 30+ legal templates I have written personally. No catch; they are 100% free to take, copy and adapt. | | | This newsletter is not legal, financial, or tax advice. Please consult an attorney before making any legal decisions, a financial advisor before making investment decisions and a tax specialist for any tax matters. I make no representations and take no responsibility for the actions you take based on this information. | | |
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