ONLY 10
SLIDES
PIT
T
H
E
Y OU N E E D I N A
The purpose of a pitch is to stimulate
interest,
not to cover every aspect of your startup and
bludgeon your audience into submission.
your objective is to generate enough interest
to get a second meeting.
Thus, the recommended number of slides for a pitch
is ten. This impossibly low number forces you to
concentrate on the absolute essentials. You can add a
few more, but you should never exceed fifteen slides --
the more slides you need, the less compelling your
idea.
UNDERLYING
MAGIC
Describe the technology,secret sauce, or magic
behind
your product. The less text and the more diagrams,
schematics, and flowcharts the better. If you have a
prototype or demo, this is the time to transition to it.
“If a picture is worth 1000 words, a prototype is worth
1,000 pictures.”
6.
Explain who hasyour money temporarily in their
pockets and how you're going to get it into
yours.
BUSINESS
MODEL
7.
Explain how youare going to reach your
customer without breaking the bank. “Go viral,”
btw, is total bullshit.
GO-TO-MARKET
PLAN
8.
Provide a completeview of the competitive
landscape. And saying that you‘re “more
passionate”’
is utterly meaningless.
COMPETITIVE
ANALYSIS
9.
Describe the keymembers of your management
team,
board of directors, and board of advisors as well as
your major investors. It‘s okay if you have less than a
perfect team. If your team was perfect, you wouldn‘t
be pitching.
MANAGEMENT
TEAM
10.
Provide a three-yearforecast containing not only
dollars but key metrics such as the number of
customers and conversion rate. Do a bottom-up,
not top-down, analysis. You are not going to get
1 percent of the people in China...
FINANCIAL
PROJECTIONS
AND KEY
METRICS
11.
Explain the currentstatus of your product, what the
next version looks like, and how you’ll use the money
you’re trying to raise.
CURRENT STATUS,
ACCOMPLISHMENT
S TO DATE
TIMELINE, AND
USE OF FUNDS.
12.
A word aboutliquidity: no entrepreneur knows when, how, or if she will achieve
liquidity, and yet many include a slide that says, “There are two liquidity options:
an IPO or an acquisition.” Duh. If investors ask about your exit strategy, it means
they are clueless. if you answer with these two options, you have a lot in
common.