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That might work for $50-100k but less likely for $3m unless you’re a seasoned entrepreneur, known to the VC, have some metrics that work in your favor or have built something the VC believes to be truly unique. Because management is so important I always tell people to make the bio slide the first in your deck.
The deck itself was produced by a committee of functional team lead who were asked to do 5–7 slides each for an update. Each section head reads his / her 5–7 slides. If you put up 5 slides on “what should we order for lunch today” the board will spend 30 minutes debating that. There are too many pages. It passes the weight test.
We spoke with CEO and co-founder Spencer Price to learn more about the company. Spencer Price: Halla is the only software company to dynamically profile human tastes so we can help people make better choices. Spencer Price: That's a fair question. Spencer Price: It's a bit of a circuitous route. What is Halla?
A “warrant&# is a right, but not an obligation for a company to buy stock in your company at a future date and at a pre-agreed price. Have minimums but a sliding scale. If 1% of your stock for year one equals 50,000 shares then you might give 10,000 shares when they hit $50,000 in sales and a sliding scale between $50k-$200k.
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. Partnerships, distribution channels and pricing models should be included. “If
They can help you with pricing. What I used to do is pencil out my plans for the board deck and strategy topics and my CFO would then pull together the slides and analysis. The full financial details and metrics were in the deck. Establishing Metrics & Monitoring Success (or Failures). Timing of cash payments.
I recommend a ten-slide pitch to start, reviewed by friends and advisors, to be expanded to a ten-to-twenty-page business plan with opportunity sizing, cost and price details, competitors, marketing and sales strategy, financial projections, and resources required. Make sure your solution is defensible and unique.
In seed stage funding, we’re often told that the investments are ultimately about the people/teams, and not necessarily the metrics. Roam & Wander won me over as soon in the same way that the packed room of investors uttered a unanimous ‘aww’ during their slide deck presentation. Look out for this company.
Be careful how you price this. Examples of milestones: traction as measured by user numbers and user engagement; financial metrics such as cash flow and revenue. Use before and after slides to hit home with investors. Funding Vehicles. Convertible debt. include reference and link to article about milestone fundraising].
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