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Startup Pitch

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Startup Pitch

  1. 1. Startup Pitch Mohammad Albattikhi @MAlbattikhi
  2. 2. Welcome! • Who’s working on their startup fulltime? • Who has never pitched their idea before? • Who’s afraid of sharing their idea? Mohammad Albattikhi Twitter: @MAlbattikhi
  3. 3. Idea Stealers “Master Plan” • No body will steal your idea • A 100% original idea does not exist • Ideas don’t matter. EXECUTION does Mohammad Albattikhi Twitter: @MAlbattikhi
  4. 4. Pitch is an art, not a science Mohammad Albattikhi Twitter: @MAlbattikhi
  5. 5. What is a pitch? A pitch is when you’re briefly talking about your business / idea trying to convince the target audience of the value your providing [and take action] Mohammad Albattikhi Twitter: @MAlbattikhi
  6. 6. Pitch Target Audience Audience The Ask Investor Financial resources Customers Purchase product / service Employees / Co-Founders Join team Suppliers / Vendors Provide good purchasing terms Strategic partners Share resources Media Think of the business positively Mohammad Albattikhi Twitter: @MAlbattikhi
  7. 7. Pitch Progression Name Tagline One Sentence Description 1 – 3 Minutes Pitch “Elevator Pitch” 10 – 15 Minutes Pitch w/ Pitch Deck & Business Plan Mohammad Albattikhi Twitter: @MAlbattikhi
  8. 8. Content of a Pitch • Problem / opportunity (Pain points) • Target market (Who will buy it & why?) • Product / service info (Value proposition) • Market size • Product price & production cost (Profit Model) • Competition and competitive advantage • Leadership team and background (Expertise) • Funding requirement (The Ask) • Killer closing Mohammad Albattikhi Twitter: @MAlbattikhi
  9. 9. Simple Pitch “If you can’t explain it simply, you don’t understand it well enough” –Albert Einstein Mohammad Albattikhi Twitter: @MAlbattikhi
  10. 10. Elevator Pitch Format My company, ________________________ Is developing _________________________ To help ______________________________ _________________________________with _____________________________________ Name of Company A defined offering A defined audience Solve a problem Secret Sauce Mohammad Albattikhi Twitter: @MAlbattikhi
  11. 11. 1. Be Specific • Be clear and specific. • Example: – When you say: ‘A social utility’ – Investor will think: ‘a regional gas and electric company?’ – You should say: ‘an ecommerce site’ Mohammad Albattikhi Twitter: @MAlbattikhi
  12. 12. 2. Defined offering • No Buzz words • Example: – When you say: ‘Mobile social CRM’ – Investor will think: ‘For SMBs in EMEA over HTTP, AKA SoLoMo-aaS,…?’ – You should say: ‘a mobile application’ Mohammad Albattikhi Twitter: @MAlbattikhi
  13. 13. 2. Defined offering • No Adjectives • Example: – When you say: ‘A revolutionary service’ – Investor will think: ‘Fight the power..?’ – You should say: ‘Backend software’ Mohammad Albattikhi Twitter: @MAlbattikhi
  14. 14. 3. Defined Audience • Identify Demographics • Example: – When you say: ‘Female Consumers’ – Investor will think: ‘So you’re targeting half the world population? ’ – You should say: ‘Mothers in Jordan between the age 24 to 36’ Mohammad Albattikhi Twitter: @MAlbattikhi
  15. 15. 3. Defined Audience • Specify your market • Example: – When you say: ‘Arts and musicians’ – Investor will think: ‘Jugglers, piano players, and trained monkeys unite!’ – You should say: ‘Unsigned electronic bands’ Mohammad Albattikhi Twitter: @MAlbattikhi
  16. 16. 3. Defined Audience • Clarify the buyer • Example: – When you say: ‘Large companies’ – Investor will think: ‘You don’t sell to companies, you sell to people’ – You should say: ‘Purchasing managers at medical device companies’ Mohammad Albattikhi Twitter: @MAlbattikhi
  17. 17. 4. Understand the Problem • Anyone should be able to understand the problem • Example: – When you say: ‘Decrease latency across CDN servers’ – Investor will think: ‘I don’t know what this means!’ – You should say: ‘Improve network performance for their clients’ Mohammad Albattikhi Twitter: @MAlbattikhi
  18. 18. 5. Secret Sauce • Be Specific • Example: – When you say: ‘Easier and faster’ – Investor will think: ‘Much better than harder and slower’ – You should say: ‘With automated ordering of diapers and other common baby products’ Mohammad Albattikhi Twitter: @MAlbattikhi
  19. 19. Delivery of a Pitch • Speak clearly (Raise your voice & speak slowly) • Pause and let he information sink in • Tell a story (Not a list) • Provide examples • Use 4th grade language • Relate to the audience • Be enthusiastic (Show passion & energy) Mohammad Albattikhi Twitter: @MAlbattikhi
  20. 20. Posture/Gesture during a pitch • Stand relaxed, confident, and open • Be careful with…. Hummm Oh yeah?! Parade rest NonchalantToo formal What is this?
  21. 21. Pitch Practice My company, ________________________ Is developing _________________________ To help ______________________________ _________________________________with _____________________________________ Name of Company A defined offering A defined audience Solve a problem Secret Sauce Mohammad Albattikhi Twitter: @MAlbattikhi
  22. 22. Mohammad Albattikhi Twittter: @MAlbattikhi

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