09
10 things to know before you pitch a VC for money
http://www.ted.com/index.php/talks/david_s_rose_on_pitching_to_vcs.html
The Summary
It is about you
What do the VC wants to know about you
Integrity – That you are honest and the company is legit
Passion – That you are fired up about your idea
Experience – That you have some experience in getting a company and product up and selling
Knowledge – That you know your domain
Skill – Forgot about this
Leadership – That you can assemble and lead a team
Commitment – THat you won’t run at the first sign of trouble
VIsion – A product that can change the world
Realism – You should be rational in your goals
Template
- Get their attention
- Solid steady upward path to the end message
- Boom (Emotional High)
- Logical Progression
- How the market is
- How we are going to do it
Up
Things I know/understand
External Validatioin
Believable upside
Down
THings i know are not true
Things I do not understand
Things that make me think
Internal Inconsitency
Typo Error unprepareness
coachability – that you should be open to advice and coaching
Woah… Didn’t know that so many people will write posts based on the David Rose pitch. Thought I was the only one who would do such a thing.
Anyway, its a good reminder to remember lessons from this video (and others) before pitching. The presenters today could surely take a lesson or 2 away from this.