Where can I find successful example of successful series A investor pitch 2013 - Quora Lessons From A Study of Perfect Pitch Decks: VCs Spend An Average of 3 Minutes, 44 Seconds On Them DocSend, a startup that provides people with a secure and private way of sharing files like offer letters or legal agreements, studied more than 200 pitchdecks to figure out the right way to graduate from bootstrapped to seed-funded, or from angels to a Series A. They partnered with Harvard Business School professor Tom Eisenmann to look at companies that had raised $360 million in total. What did they find? You can see the whole study here. Anyway, they discovered that companies needed an average of 40 investor meetings and took a little over 12 weeks to close a round. There wasn’t really any correlation between more meetings and more funding. It’s better to go find firms that are already aligned with what your company does and target them first. Then, seed funds can move faster and provide more money than angels. If you’re doing a seed deck, here are the 10 slides that you’ll probably want to include. Closing a funding round is a matter of persistence.
Good Question! The Eight Best Questions We Got While Raising Venture Capital Editor’s note: Guest writer Glenn Kelman is the CEO of Redfin, an online real estate broker that seeks to give consumers the information and tools once limited to real estate agents. Previously, he was a co-founder of Plumtree Software, which had a public offering in 2002 but is now part of Oracle. Below he shares the best questions from investors during a recent fund raising. For startups, Christmas comes in November. Redfin is one of the companies that just closed a round. VCs are good at asking questions. Here are the questions VCs asked Redfin that changed how we think about our business. 1. 2. Good question. 3. For us, this meant explaining what Redfin made this summer on a single home purchase, with a per-transaction account of what we spent on marketing to get customers ($27), on local data ($153), on customer service ($2,906) and so on. We knew our margin before, but hadn’t broken the numbers down into their most easily handled form. 4. 5. 6. 7. 8. Way.
How to Be ‘Pitch Perfect': 5 Essential Elements for Your Pitch Deck What’s the average amount of time an investor spends looking at a pitch deck? 3 minutes and 44 seconds. You read that right. If you are looking for a starting point, here are 5 essential elements: 1. For starters, I hope we can all agree that a pitch deck is the main device to help you raise money. 2. A solid pitch deck always touches on 10 items: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. You can change the order slightly, but all these are a definite must. 3. If you are curious which of the above points is the most important, it’s the Financials. 4. If you plan to distribute anything related to your pitch deck, send a PDF. 5. Mastering the art and science of pitching is difficult. Author Bio Scott Schwertly is a 2x Ironman and CEO of Ethos3, a Nashville, TN-based presentation boutique providing professional presentation design and training for national and international clients ranging from Fortune 500 companies to branded individuals like Guy Kawasaki.
How the Top VCs Want to Be Pitched When you’re preparing to pitch to a venture capitalist, you'll likely look for resources that tell you what constitutes a great pitch. And, sure, you'll find many expert tips on the best and most effective pitches. But have you stopped to think what the VCs themselves think? Related: How To Show Investors Your Startup Is Worth Sinking Money Into Aren't the best people to tell you what a really good pitch comprises the VCs themselves? Because they are the people at the receiving end who get pitched all the time from entrepreneurs, here are five top venture capitalists baring all about what will make them sit up and take notice. 1. In an interview published on Bootstrap Academy, Dave McClure, founder of 500 Startups (an Internet seed fund and accelerator, said: Usually, what I recommend to entrepreneurs is to focus on telling the problem first, about the customer or the person who has that problem. We often say if you have traction, lead with traction. 2. Related: 4 Insider Tips From VCs 3.
12 of the hardest questions venture capitalists will ask you What is the most difficult question that VCs ask and what is the best way to tackle it ahead of time? What is your hole? "The classic VC role is that of an interrogator, trying to break you for a key secret. But it doesn't have to be that way. Folks who watch the TV show "Shark Tank" know this feeling. —Neil Thanedar | CEO and Founder, LabDoor How are you different? "With proper due diligence and competitive analysis, you should be able to make a case for how you differ from other folks in the marketplace. —David Ehrenberg | Chief Financial Officer, Early Growth Financial Services How much is your company valued at? "The reason why determining the valuation of your company is so difficult is because there is no right answer. —Doug Bend | Founder/Small Business & Startup Attorney, Bend Law Group, PC What's your customer acquisition cost? "The best way to tackle this question is to show reasonable estimates for customer acquisition, using well-researched numbers and reasonable conversion rates.
10 Questions Venture Capitalists and Angel Investors Are Going To Ask When raising money from venture capitalists or angels, you’ll want to meet as many as possible. They won’t all invest, but each time you pitch, you get better. Each time you pitch, you get asked different questions, get different opinions and ideas. It’s worth it to pitch as many people as you can, as often as you can. Some questions will get asked over and over. With that in mind, here are some of the more common questions investors will ask: So what’s your business all about? Although there are common questions you’ll get from venture capitalists and angel investors, what’s more fascinating is that each investor will ask different questions.
Venture Capital Venture capital firms differ in size, geographic focus, industry specialty, and funding stage. Most firms stay closely involved with their portfolio companies, taking board positions, recommending management candidates, providing advice, and identifying valuable contacts. Entrepreneurs approaching venture capitalists must have a business plan; however, it should be short and concise, rather than presenting the business in full detail because venture capitalists will conduct exhaustive due diligence. The plan should spell out the amount of funding the entrepreneur is seeking but should not detail the terms. Venture capitalists consistently emphasize the importance of the management team in an entrepreneurial venture and focus much of their due diligence on the key people involved. Video from the 2008 Entrepreneurship Conference:Funding Strategies Video from the 2007 Entrepreneurship Conference: Top 10 Lies that VCs tell Entrepreneurs and Entrepreneurs tell VCs Back to top
Top 9 Venture Capital Interview Questions Venture capital (VC) careers are competitive, with many more interested candidates than open positions. Subsequently, you should only consider a venture capital job after you have many years of successful, relevant, hands-on experience. Venture capitalist Guy Kawasaki put it best when he said, if you were the entrepreneur across the table, "Why would you want advice from someone whose background consists of working in a college bookstore or cranking spreadsheets at an investment bank?" If you have the requisite background, preparing yourself for common questions will help you shine in your venture capital job interview. Many of the questions you can expect during a VC job interview are general in nature, but others are unique to the venture capital industry. Let's explore nine important industry-specific questions and how you should answer them. 1. This is your opportunity to convey your passion for early-stage company activities. 2. 3. 4. 5. 6. 7. 8. 9.
The Pitch Deck | How to Write Pitch Decks Why Do You Need a Pitch Deck? Entrepreneurs don’t tell their friends they have a great idea for a business. They say they have a great idea for a product. But investors don’t invest in products, they invest in businesses. A pitch deck is a visual summary of your business plan. Once you have a solid pitch deck (and elevator pitch to match) you're ready to secure meetings with investors. What Do Investors Want to See in Your Pitch Deck? To answer this question you need to understand what investors are trying to accomplish when they read or listen to your pitch deck. Here's some recent data from Andreessen Horowitz (a16z), one of the hottest VC firms in Silicon Valley right now. So what do you think investors are looking for in those one-in-200 odds-defying pitches? Return: The potential return (aka upside) on an investment in your business Risk: The risks that might prevent them from getting that return on their investment Market Risk: Are you addressing a large, growing market? Cover Slide