by Jake Fisher @VentureJakeF
We help X accomplish Y through Z X = Your customer Y = The benefit you provide them Z = How you provide that benefit
What is the size of your market, how fast is it growing, key industry metrics?
What is the problem you solve?
How do you solve this problem? Demo time, show it off! Don't be affraid to leave a little mystery, think Steve Jobs first unveiling the iPhone,
What makes your product great? What set's you apart, your secret sauce.
Keep it simple, make it obvious. Our customer acquisition cost is X Our average sale is X Our margin is X
What is your growth strategy? If you need 1000 customers to make a million dollars, how will you attract those 1000 customers?
Have you had a successful startup in the past? Do you have any respectable accreditations? (i.e your a Dr. or PHD) Valuable work history? Better be impressive. (Worked at FB, Twitter, Dropbox)
I don't have any competition is not an acceptable answer. Someone does something at least in your ballpark. Investors want to make sure you at least know how to Google.
5-year overview of estimated revenue and expenses. Be attractive but realistic, by year 3 you probably won't be as large as Facebook
How much are you attempting to raise? What kind of funding? (equity, convertible debt...)
600,000 new business are started each year in the U.S 4,500 companies are funded by VC's How will you stand out? @VentureJakeF www.JakeFisher.net