?Why Your Advisors Are Just Window Dressing — And What You Need to Do About It?
Working with our portfolio company bench_ this week, I had the opportunity to review their latest pitch deck.?
This deep dive got me thinking about what is often desperately missing in many early-stage pitch decks.
Here are five key elements that I often see overlooked, but are absolutely critical in order to hit the target.?
To boost your retention rate, start adding…
?? …an actual use case with a pilot customer: Nothing builds more credibility than showing how your solution works in the real world. A pilot customer proves there’s actual demand, that the product can solve a real problem, and gives investors confidence in the business case. It moves the conversation from hypothetical to practical.
?? …the actual role and type of collaboration with your advisors: Listing high-profile advisors is great, but what’s even more valuable is explaining how they are actively involved in your company. Are they opening doors to potential customers? Providing strategic insights? Investors want to know if your advisors are just names on a slide or actually helping you grow and succeed.
?? …a strong competition slide: Competition is inevitable, but what sets you apart? A strong competition slide shows you’ve thoroughly researched your market and understand your differentiation. It's not just about listing competitors, but showing why your ICP (ideal customer profile) features, and go-to-market strategy make you the right choice over others. Investors want to know why you're the best option, not just another player.
?? …a mock-up or visual of the product: As an investor, I need to see what I’m investing in. A visual, even if it’s just a mock-up, helps me better understand the product and how it will work in practice. This bridges the gap between concept and execution and makes it easier to envision the product’s potential to spark my curiosity.
?? …a strong go-to-market strategy: Building a great product is one thing, but successfully bringing it to market is a whole different challenge. Investors want to see a clear, actionable go-to-market strategy that highlights how you plan to acquire customers, scale and capture market share.
?? Bonus Tip for pre-seed and pre-rev. startups: The market size slide is always useful, but don’t get too caught up in trying to calculate the largest possible TAM. As an investor, if I understand the problem you’re solving and your ICP, I can make an educated guess about market size. Focus on communicating the problem and solution clearly and let the market numbers support your case — not define it.
P.s.: If you're looking to streamline hardware engineering processes, or want to see a proper pitch deck, let’s connect with Martin!
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ROI VENTURES |?Laura Raggl
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10 个月We are all excited to hunt for funds. But do yourself a favor and prepare for your grand dinner by getting the house in order.