10 Slides For A Perfect Startup Pitch Deck
10 Slides For A Perfect Startup Pitch Deck
10 Slides For A Perfect Startup Pitch Deck
The elevator pitch stems from the idea that you should be able to deliver a short
summary of your project within the time it takes for an elevator ride, so about 30
seconds. Challenging right? You have a mere 30 seconds to hook the investor and
convince them that your idea is worth their time. Experienced investors will weed out
good ideas from the bad ones within the first minute so keep it simple and captivating.
Elliot Loh from 500 Startups suggest you follow this simple formula:
We solve [problem] by providing [advantage], to help [target] accomplish [targets goal].
We make money by charging [customers] to get [benefit].
2. PROBLEM
Too many startups create products that arent really solving any true problems, but
rather focus on a temporary market need with the goal of making a quick buck. Look at
the evolution of daily deals as an example; the demand rapidly dissipated once the
market reached maturity and saturation.
The problem is your most important asset so its imperative to make the investor feel
the pain point. Why is this an important problem to solve and how does it affect the end
user? One great technique is to usestorytelling at this stage and call from personal
experiences. More often than not, if its a problem you are experiencing and are
passionate about, other people have experiened the same problem and the message
will ring true. Keep it punchy, visual and always keep in mind the point of view of the
end user. If it makes sense to engage the investors then do so; ask them how often
they have this problem and how they feel about it. Dont overload the investors with
information, just make sure they feel how terrible this problem is and how no one is
currently addressing it in an effective manner.
3. SOLUTION
How is your product is going to improve the world by fixing this problem? How does the
world look after your solution is implemented? Is everyone happy?
Remember KISS. Many entrepreneurs lose their shit at this point and start to get way
too technical without actually showing how the product is solving the problem at hand.
Keep it visual and to the point. If you have a great design-based product then do a quick
demo, but make sure its not too long and dont get lost in the features and complexities,
you will lose the investors. Oh, and make sure the demo works. You would be
surprised how often entrepreneurs make this fatal mistake. Mission: make them
understand why your product solves the problem far better than anything else.
4. MARKET SIZE
If you are going for a top down approach, then come to investors with valid research
and cite your sources. If you walk up and start saying that the market for princess tiaras
is approximately 5 trillion then you wont get taken seriously. If its bottom up approach,
then base the market size on your current traction multiplied by users/services over
time. Dont get carried away with the numbers here, just show the market is interesting
for investors. Ultimately, they are looking for a sizable return on their investment so
show them the potential!
5. BUSINESS MODEL
How are you going to make money? Recurring revenues or one time payment?
Fixed pricing or dynamic pricing? Understandably, this is one of the most important
points for investors. Dont show them 50 different revenue streams, focus on 1, the
most profitable one. Make it work and then, as you evolve, you can add extra layers.
6. COMPETITION
You arent the only guys and gals in this space. If you are, youre probably lost. You
need to show why you are Batman and everyone else is just wearing a cape. How are
you solving the problem differently? Be realistic and dont knock the competition.
Investors dont want to hear you criticize your others, as competitors help grow the
overall market, but they do want to know why your products best and will take the lions
share. I wouldnt recommend using the traditional matrix chart with you in the top righthand corner (as investors see this in every pitch deck) but instead, a comparison chart
where you compare your products characteristics with that of the competition.
7. GO-TO MARKET STRATEGY/ MARKETING PLAN
What have you done so far to capture new users and how will this evolve over time?
What is you model for growth? Sticky, viral or paid? If its paid, how much does it cost
you to get a new user/buyer? If its sticky, what is your churn/retention rates and how
have they evolved over time? If its viral, what are your KPIs, viral coefficient, etc? What
marketing channels will you use? How will you apply this model when you enter into
new markets? Having a poor acquisition model is where many startups fail so knowing
your market strategy inside and out is crucial when meeting with investors.
8. TEAM
An idea isnt worth anything without its execution. Ever wonder how startups at the idea
phase can raise huge seed rounds from renowned investors? Its typically due to the
value of experienced entrepreneurs with successful exits under their belt. What relevant
experience and skill sets does your team bring to the table? If your team is virgin and
doesnt have much (or any) experience in the sector, then focus on the pertinent points
and look for other strengths. Dont shy away from this topic because you lack industry
experience as sometimes the best companies are built by teams with diverse
backgrounds and a fresh perspective.
9. TRACTION/PROJECTIONS
What have you achieved so far? Are you generating revenue? User growth? Any top
clients/partnerships that you can show off? Do you have any relevant KPIs? If you do,
then check out this article for key metricsthat investors want to see. If you have
absolutely no traction to base any future projections on, then base it on industry
standards and well-researched and intelligent hypotheses.
10. NEEDS
What do you need to be able to realize your projects potential? What do you need that
you dont currently have and why? Define exactly what you are looking for and explain
in detail how the funds will be distributed. Be precise and dont be ambiguous with the
capital youre seeking and your justifications for giving up your equity. Expect tough
questions and investigation from the investors as to why you think you will need X
amount for your business.
I hope this provided some basic insight to creating a great startup pitch deck. Good
luck with all of your future investor showdowns and remember, your pitch is
EVERYTHING so get it right!