![Your [IRL] Network
• Meet people!
– Someone always knows
someone, that knows
someone, that knows
someone with money…
• Grab two lunches and
five coffee-breaks every
day](https://image.slidesharecdn.com/chasingvc-120412094642-phpapp01/85/Chasing-venture-capital-46-320.jpg)
Uploaded byMartin Walfisz
Chasing venture capital
The document discusses a case study on Planeto, a quiz platform, emphasizing the importance of preparing an effective pitch for potential investors. It outlines key elements such as the founder's background, product, market, financials, and investment requests while advising on pitch delivery, networking, and understanding venture capital terminology. Final tips include maintaining passion for the business idea, being in control of company valuation, and the emotional challenges of raising funds.
More Related Content
Similar to Chasing venture capital
Chasing venture capital
- 1. Pitch Perfect (or “I’mtired of eating noodles!”) Martin Walfisz
- 2. CASE STUDY: THE PLANETOPITCH 27 SLIDES + APPENDICE
- 3. € 1 000000+ (in 3 rounds)
- 7.
- 10. THE VISION &PRODUCT 8 SLIDES
- 17. Whoa! Isn’t that abit overwhelming!?
- 19. Planeto is aQuiz Platform, not a single quiz game… Talking about platforms and technology is generally a good thing.
- 21.
- 29.
- 37.
- 39. THE TWIST 1 SLIDE+ APPENDICE
- 41.
- 42. Prepare a ShortPitch • Sometimes you only have 5 minutes • 6 slides 1. Founder’s background (if it adds value) 2. Your product/service (make it count!) 3. The current market (and your raison d'être) 4. Financials 5. What do you want from the potential investor? 6. Any secret twist?
- 43. Your Mindset • Bevery clear about what you pitch • Listen & adapt to your audience – If it’s boring, you’re doing something wrong! • Find the right balance between long-term vision and “get the business off the ground” I typically err on the side of conveying too much vision & long-term plans…
- 44. Practice, practice, practice… •The pitch is a live performance • The investor invests in the person, not the plan • Understand the eye of the beholder • Live practice… 1. Friends 2. No-money contacts 3. Smaller business angels 4. Established business angels & VCs
- 45. Improve, improve, improve… •After every pitch, ask yourself what can be improved… – Did the audience understand your idea? – Did they understand the market? – Did they understand the business and financials? • …and then improve it immediately! • Your deck is a living, breathing business plan…
- 46. Your [IRL] Network •Meet people! – Someone always knows someone, that knows someone, that knows someone with money… • Grab two lunches and five coffee-breaks every day
- 47. Understand the VClanguage • Shares • Stock options • Value per share • Equity • Ownership • Convertible loan percentage • Dilution • Preferred stock • blah and blah…
- 48. Company Valuation Valuation methods: 1.Faith 2. Users/Customers 3. Revenue 4. Profit It’s your valuation – be in control (but be reasonable)
- 49. Closing a round •Takes time and effort – For me it’s very emotionally exhausting • Set a deadline – …and then hope that those verbally committed are still onboard • Don’t forget the formal process – Do you have the right to issue new shares? – Register with authorities • Share holders agreement – Get a good lawyer!
- 50. Some final advice •Figure out a vision and business idea that you truly believe in – your PASSION is key! • You really can do anything – it just takes time and effort • When things go wrong, cry for 24 hours, then wake up and fix the problem • Raising money takes a lot of effort – bootstrap for as long as you can (noodles are good!) • …but avoid asking for money when you are desperate
- 51.