This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Professional investors laugh when they hear an entrepreneur state, “We have no competition.” It is a failed litmus test for the entrepreneur, even if the plan is for a totally new device or service that could take the world by storm. If you are raising funds, list “do nothing” as a viable competitor in your slide deck.
An entrepreneur pitches using a deck with no slide for competition. We have no competition.”. Professional investors laugh when they hear an entrepreneur come out with that one. If you are raising funds, list “do nothing” as a viable competitor in your slide deck. We investors see this all the time.
A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Most advisors will tell you to write the business plan first (20-30 pages), then distill the key points into a set of Microsoft PowerPoint slides for standup presentations to potential investors. Competition and sustainable advantage.
A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Here are the ten slides you need: Problem and market need. Competition and sustainable advantage. List and position your competition, or alternatives available to the customer. Give the “elevator pitch” for your startup.
In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos.
Then competition. You put some update slides on things like key hires or biz dev deals being negotiated and you didn’t plan to talk about them. But they were in a slide and people asked you questions so it ended up chewing up 30 minutes. Tags: Entrepreneur Advice Start-up Advice Startup Advice.
In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Competition for your new hydrogen fuel auto engine is not limited to other hydrogen auto engine offerings, or even other autos.
As noted in RIP RFPs , entrepreneurs should generally avoid RFPs because they cannot afford to expend the time and resources required to participate in such regimented and lengthy sales processes. As noted in Competitive Sleuthing , some partners routinely share information about the companies with whom they are working. .
CapLinked , the online platform for private investment funded by members of the “ PayPal Mafia “—announced that it is launching a worldwide pitch competition for entrepreneurs to present their business ideas to a panel of all-star judges from Idealab, Rincon, Rapidfire, and Actarus. The deadline for entering is November 15.
Just because a product has a patent, deep complexity and an obvious competitive advantage does not mean that it can fly by itself into the market. How-to learn about angel/vc term sheets - Gabriel Weinberg , June 28, 2010 I think every startup entrepreneur (and angel investor) should have a good understanding of financing term sheets.
I have a few slides later that address that.&# (obviously if you say that you need to come back to the question either later or after the meeting. If it’s OK with you I’d love to answer it in just a couple of minutes after the next few slides. Do you mind if I answer that a little later in the presentation?
Send me in a corner to work on slides, graphs, spreadsheets and charts. When I started my second company I was a serial entrepreneur. I introduced myself as a serial entrepreneur. I was a serial entrepreneur. When I decided to start blogging again (I had done so as an entrepreneur) I thought about how to brand myself.
You’ll learn about competitive products that exist or are being built. I also will point out that in the The 15 Mistakes of First Time Entrepreneurs : 9. Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?! Entrepreneur: Following is an email describing my idea.
Packaging, pricing & discounts – In the early days of my first company we always had “list prices&# we quoted to customers and of course we were always willing to negotiate based on who the client was, how important the business was to us, who the competition was and how well the deal was negotiated. We called it PUCCKA.
As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more. and trademarks.
You’ll learn about competitive products that exist or are being built. I also will point out that in the The 15 Mistakes of First Time Entrepreneurs : 9. Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?! Entrepreneur: Following is an email describing my idea.
When pitching to investors, entrepreneurs always seem to start with a customer pitch, then add a slide or two about the business. In reality, they need a separate pitch about the business, carrying over only a slide or two about the solution. Competitor positioning and sustainable competitive advantage.
A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Here are the ten slides you need: Problem and market need. Competition and sustainable advantage. List and position your competition, or alternatives available to the customer. Give the “elevator pitch” for your startup.
Join because you know you’ll be earning less than you could elsewhere at some meaningless job cranking out non-core code, producing Powerpoint slides or shuffling paper. rounds and still be competitive. We’re a meritocracy. You can always earn more. But join here if you want to grow. Join because you like the culture.
We take a really friendly, Shark Tank approach that promotes young entrepreneurs, and lets them pitch to a group of seasoned investors and venture capitalists on a panel, and where they not only get an actual investment, but also go through a retail challenge, to get consumer feedback. How did you get involved with angel investing, initially?
One, is an upright, traditional looking microscopes, where you look at glass slides. Eugene Cho: We had a seed round for less than $3M, and we did a note round with the Tech Coast Angels for $2M after we won their Quick Pitch competition, over about 150 other companies. There are typically two types of microscopes.
In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down. This section is especially important if you intend to attract outside investors or strategic partners.
Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. This is also the place to first mention patents and any other differentiators that put you ahead of competition.
As an aspiring entrepreneur, one of the most important things you need is a memorable “ elevator pitch ,” to communicate your startup value proposition and leave a great first impression on friends, investors, employees, and future customers. Describe technology and features, not competitiveness.
But many entrepreneurs don’t realize that Angels are also extremely discerning in the projects that they will invest in, rejecting approximately 97% of the proposals submitted to them, according to the California Investment Network. File a patent and trademarks to show real intellectual property. Build a prototype product.
Every entrepreneur needs a value proposition statement for his or her startup that can hook potential investors and partners in less than a minute -- the short time you might join them in an elevator on the way to their offices. Your second sentence should acknowledge competition, but highlight your added value.
One, is an upright, traditional looking microscopes, where you look at glass slides. Eugene Cho: We had a seed round for less than $3M, and we did a note round with the Tech Coast Angels for $2M after we won their Quick Pitch competition, over about 150 other companies. There are typically two types of microscopes.
Having a defensible competitive advantage or “barrier to entry” is another critical step to funding, and another common stumbling block during all phases of the funding process. Investors expect a one or two-page executive summary sheet for the initial screening, backed up by a ten-slide Powerpoint investor presentation.
Having a defensible competitive advantage or “barrier to entry” is another critical step to funding, and another common stumbling block during all phases of the funding process. Investors expect a one or two-page executive summary sheet for the initial screening, backed up by a ten-slide Powerpoint investor presentation.
Unless you are a serial entrepreneur with a string of successes behind you, you need a business plan to convince investors that you can build a business out of the dream that has been driving your passion to change the world. Opportunity segmentation and competitive environment. No mention usually means no plan and not competitive.
Now is the time to be an entrepreneur and create a business from your passion. On the other hand, everyone is doing it, so that means more competition, and the market and technology are changing faster than ever before. Advisors and investors need to see your whole story in as few as ten slides.
I’m still amazed at how many technical entrepreneurs don’t have a business pitch, and offer me their product pitch or product spec instead. Certainly a slide or two needs to carry over describing the product and features at a high level. Solo entrepreneurs have a hard time finding an investor. But it’s critical to have one.
From LA Demo Day to Silicon Beach Fest to Crowdstart LA to hackathons to Startup Weekends, companies and entrepreneurs alike have joined forces to feed the startup ecosystem. I faced the same challenge not being able to form a team because most people joined the competition with friends that they had already planned on working with.
Whether you are talking to peers, competitors or investors, you as an active entrepreneur will be judged on your familiarity with today’s startup and funding jargon. In that context, I offer you my latest collection of popular investor-to-entrepreneur terms and concepts. Frothy is good for entrepreneurs. Seed-round investment.
Another impetus for this was I saw some of the slides that Mary Meeker had done in the Kleiner Perkins annual PDF that they send around, and I realized that the market was being underserved by Airbnb and other key players in the market.
There’s plenty of capital out there, but there’s also a lot of competition for startup funding. These are usually the first sources entrepreneurs tap. There’s always competition, even if it’s unrelated alternatives for your customer’s time and money, so don’t try to gloss over this aspect. Thoughts on pitching?
I believe in this so much that, despite my post advising you to be prepared for the *norm* in VC, I wrote a post about a company that came in for a presentation and never even got the slides out or presented a demo. I think the norm in the industry is still to see Powerpoint slides and I wouldn’t hold this against anybody.
I also recently wrote a post about a company that came in for a presentation and never even got the slides out or presented a demo. If you’re not “feeling it&# then you need to get to the slides or demo quickly as a means of trying to engage. I need something structured like slides or a demo to orient me.
I started by trying to think I could explain my concept without having to patronize everybody with artificial PowerPoint slides. This approach generally works well with customers because I find it much easier to build rapport when we talk like humans than when we all stare at the PowerPoint slides being projected on the wall.
The VC market has right-sized (returned back to mid 90′s levels & less competition). Note the full presentation deck with additional slides can be found on SlideShare here or you can simply scroll through it at the bottom of this post.]. We’re all socially connected (so great businesses spread faster).
I “second the message” that chaos never subsides, from a couple of successful entrepreneurs, Clate Mask and Scott Martineau, in their book “ Conquer the Chaos.” Technology keeps improving at a rapid rate, so you fall behind in technology, driving costs up, and you become non-competitive. Your income drops. Marty Zwilling.
For what ever reason we’re wired to have amnesia during the run up and prescient memories of how we ‘knew it all along’ as soon as the slide begins. You need to listen to your product team, watch your competition and work hard on determining whether you’re truly providing value to your customers.
I second the message that chaos never subsides, from a couple of successful entrepreneurs, Clate Mask and Scott Martineau, in their book “ Conquer the Chaos.” Technology keeps improving at a rapid rate, so you fall behind in technology, driving costs up, and you become non-competitive. Your income drops. Marty Zwilling.
The 11 Harsh Realities Of Being An Entrepreneur - OnStartups , November 1, 2010 There's always talk about the end game in the form of an acquisition, funding announcement, or eventual flame out. think his slides are great (and by far much easier on the eye then mine.). Put likable, competent and passionate people on the front line.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content