What Every Investor Wants Entrepreneurs to Know
Pitch Decks 101
Credit: NextView Ventures
Seed stage – It’s all about belief and promise
People –
Why You?
Potential –
Why does it matter?
2
Risk –
How will you eliminate the risk?
Tell us your story!
Seed stage – It’s all about belief and promise
2
Tell us your story!
• Founder-Market Fit.
• Track record, thought-process, aptitude, attitude, genuine.
People –
Why You?
Seed stage – It’s all about belief and promise
2
Tell us your story!
• Why should the investors believe that this problem need to be solved?
• Why your solution has to exist?
Potential –
Why does it matter?
Seed stage – It’s all about belief and promise
2
Tell us your story!
• Product
• Team
• Market
• Go-to-market
• Financial
Which ones that you will focus on? Why?
Risk –
How will you eliminate the risk?
E x a m p l e C o m p a n y
Confidential Investor Presentation
January 2014
Executive Summary
What We Do:
• ExampleCo is a [zero-jargon description of product]
used by [broad but addressable market] to [benefits].
• We are focused on the [$X billion target niche] market.
Current Status:
We are [company stage, e.g. pre-revenue, pre-launch, etc.].
Traction to date includes:
• (Month or Quarter 1): X key metric, Y key metric
• (Month or Quarter 2): X key metric, Y key metric
Currently Raising:
• [$X-Y million] seed round.
• Previously raised [$X million] from [investors].
Team Experience
Pilot Customers/Partners
Logos of Past Companies
& Top Schools
Logos or Other Proof of
Early Traction
2
Problem
[The succinct problem statement you aim to
address goes here. Use plain language – no jargon.]
[Customer Tries
Something]
[Here’s Their
Terrible Pain]
[Existing Solutions
Are Broken/Nonexistent]
3
Solution
Explanation of
Actions Taken
Explanation of
Actions Taken
Explanation of
Outcomes
1-2 Product Screens
[The succinct summary of the solution goes here.
This often sounds like your company mission.]
• [List a few key benefits and features here.]
4
Go-To-Market
In ONE slide, convey one or more of the following:
1. Your unfair distribution advantage
– What’s the one thing that sets you apart when it comes to distribution?
2. Your initial customer/user acquisition strategy
– What channels are you thinking about? What data can you share based
on past tests? What tech integrations are you building?
3. Your initial marquee partners or customers, if applicable
– Who are your earliest “true believers” that will help you gain traction
and/or generate word-of-mouth? Who’s already in your camp that has a
recognizable brand, history of success, or enough confidence in your
company and product to partner or buy early on?
5
What to Know to Create Yours
Go-To-Market
Total Addressable Market: [$XB industry]
Distribution Strategy: [Your unique advantage + channels you plan to test
Launch
[Dates]
Traction
[Dates]
Growth
[Dates]
Main
Focus:
Priority
Tasks:
Target
Results:
[X]
[X]
[X]
[X]
[X]
[X]
[Launch web & iOS app]
• [Improve signup flow
• Finalize user referral process
• Accepted to App Store
• Drive initial signups
• Measure DAU totals]
• [X initial users
• Convert X% of existing email list
• Understand DAU & optimize]
5
Traction to Date
• [Key Metric #1]
• [Key Metric #2]
• [Key Metric #3]
6
Looking Forward
• We are seeking [$X].
• We aim to [major goals] in the next [timeframe].
Team
Building
Company
Progress
May June July Aug Sept Oct
Hire A, B, C] Hire X, Y, Z
Launch Goal Goal Goal
7
FAQs
Team
Headshot Headshot
Name, Current Title Name, Current Title
Past Company
Logo
• Title or Relevant Function
• Impressive Achievement
Past Company
Logo
• Title or Relevant Function
• Impressive Achievement
Past Company
Logo
• Title or Relevant Function
• Impressive Achievement
Past Company
Logo
• Title or Relevant Function
• Impressive Achievement
9
Competition
[Low Thing] [High Thing]
[High Thing]
[Low Thing]
Logo
Logo
Logo
Logo
Logo
We are stronger than the competition in [key differentiators].
We are threatened by the competition in [honest worries you have].
10
Use of Proceeds
Q1 Q2 Q3 Q4 YEAR Q1 Q2 Q3 Q4 YEAR
Projected
Headcount
Projected
Customers
Revenue
Salaries +
Overhead
Other
(Professional Fees,
Rent, Utilities,
Travel, etc.)
Cash Burn
Total Cash
Burn
• Build team of [X]
• [Biggest product milestone – e.g. launch beta in X months]
• Product/market fit and [X customers/users] in [X] months
11
Marketing Deep Dive
In ONE slide, convey how you’ll drive growth through one of the following :
1. Your actual marketing funnel and results to date
2. Your product’s built-in growth drivers (referrals, network effects, etc.)
3. Proposed tactics you plan to deploy over time
The Next 3 Slides Show Examples
12
What to Know to Create Yours
Marketing Deep Dive Example 1 of 3
[Description of Total Target Market]
[Channel 1] [Channel 2] [Channel 3]
[Conversion Action 1]
(e.g. Lead, Free User, Trial, Demo, etc.)
[Conversion 2 or Retention]
(e.g. MQL, 1-7-30-Day Active Users,
Critical/Sticky Feature Usage, etc.)
Revenue
LTV
User Acquisition
Conversion
and/or Retention
Monetization
In
Progress/Su
cceeding
(Continue to
Optimize)
Launch or
Improve
(Starting
Soon)
Test/Validat
e
Hypotheses
(Starting
Later)
12
Marketing Deep Dive Example 2 of 3
User Network Effects/Product Virality
Context
Context
Context Context
Product
Feature
Product
Feature
12
Tactic
Tactic
Tactic
Marketing Deep Dive Example 3 of 3
#Customers
Time
Tactic
Tactic
Tactic
Tactic
[X]
Customers
Tactic
Tactic
Path to [X] Customers
12
Traction Deep Dive
• Data Point
• Data Point
• Data Point
13
[ExampleCo makes X easier and cheaper.]
[Save Time: ExampleCo does X for you]
.
[Save Money: X% more cost-effective on average.]
How Customers Use [ExampleCo]:
1. [X]
2. [Y]
3. [Z]
How It Works
14
Product Screens
1
2
3
4
15
Product Roadmap
Bucket1Bucket2Bucket3
May June July Aug Sept Oct
Milestone Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
16
Customer Validation
Headshot
Headshot
Logo
Logo
“Quote.”
“Quote.”
Test Customer Logos
• Proof of concept data point
• Proof of concept data point
• Proof of concept data point
• Proof of concept data point
17
Financials/Budget
Revenue Q1 Q2 Q3 Q4 Year1 Q1 Q2 Q3 Q4 Year2
Item $X $X $X $X $X $X $X $X $X $X
Item $X $X $X $X $X $X $X $X $X $X
Total Revenue $X $X $X $X $X $X $X $X $X $X
Cost of goods sold
Item $X $X $X $X $X $X $X $X $X $X
Item $X $X $X $X $X $X $X $X $X $X
Total COGs $X $X $X $X $X $X $X $X $X $X
Gross Profit $X $X $X $X $X $X $X $X $X $X
Gross Margin X% X% X% X% X% X% X% X% X% X%
Expenses
Item $X $X $X $X $X $X $X $X $X $X
Item $X $X $X $X $X $X $X $X $X $X
Total Expenses $X $X $X $X $X $X $X $X $X $X
EBITDA ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X)
Other Income (Loss) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X)
Net Income (Loss) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X)
18
Unit Economics
(Showing [X] months trailing.)
Averages
Meetings/Events Booked X
Rental Rate $X
Utilization X%
Revenue for Venue $X
Commission % X%
Gross Revenue $X
Cost Channel/Partnerships Direct Acquisition
Cost-per-lead -- $X
Partner Commission $X --
Service Agent $X $X
Net Revenue $X $X
Margin % X% X%
Example: A Venue
Booking Service
[Provide context for a given item as needed]
19
Market Size/Trends
[$XB ]
total market
opportunity
[$XB]
Go-to-
Market
Related Data Points
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
• Data point/statement (Source)
20
Do Both Top-Down & Bottom-Up!
Exit Comparisons
Startup
Buyer
acq. by
[$X]
VC
VC
Startup
Buyer
acq. by
[$X]
VC
VC
Startup
Buyer
acq. by
[$X]
VC
VC
Public Co
[market cap]
Public Co
[market cap]
Public Co
[market cap]
• Startups in the [industry niche] space are acquisition targets for companies
such as [Examples], at valuations around [N] times price/sale.
21
Partners/Biz Dev
Logos of Early
Partners
Logos of Future
Potential Partners
Current Partners: Target Partners:
22
Monetization
[B2B SaaS Business Model]
[Sales Strategy: Free trial and bottom-up selling]
[Pricing: $X to $Y per user per month]
[Operating Margins: Over X%]
23
Example: B2B SaaS
Challenges/Risks
• [Challenge #1 – context]
• [Challenge #2 – context]
• [Challenge #3 – context]
24
Why Now?
Trend, Factor,
or Data Point
Trend, Factor,
or Data Point
Trend,
Factor,
or Data
Point
Trend,
Factor,
or Data
Point
icon
icon
iconicon
25
kevin@coffeevc.com
Thank you
Credit: NextView Ventures

Pitch deck templates for seed capital

  • 1.
    What Every InvestorWants Entrepreneurs to Know Pitch Decks 101 Credit: NextView Ventures
  • 2.
    Seed stage –It’s all about belief and promise People – Why You? Potential – Why does it matter? 2 Risk – How will you eliminate the risk? Tell us your story!
  • 3.
    Seed stage –It’s all about belief and promise 2 Tell us your story! • Founder-Market Fit. • Track record, thought-process, aptitude, attitude, genuine. People – Why You?
  • 4.
    Seed stage –It’s all about belief and promise 2 Tell us your story! • Why should the investors believe that this problem need to be solved? • Why your solution has to exist? Potential – Why does it matter?
  • 5.
    Seed stage –It’s all about belief and promise 2 Tell us your story! • Product • Team • Market • Go-to-market • Financial Which ones that you will focus on? Why? Risk – How will you eliminate the risk?
  • 6.
    E x am p l e C o m p a n y Confidential Investor Presentation January 2014
  • 7.
    Executive Summary What WeDo: • ExampleCo is a [zero-jargon description of product] used by [broad but addressable market] to [benefits]. • We are focused on the [$X billion target niche] market. Current Status: We are [company stage, e.g. pre-revenue, pre-launch, etc.]. Traction to date includes: • (Month or Quarter 1): X key metric, Y key metric • (Month or Quarter 2): X key metric, Y key metric Currently Raising: • [$X-Y million] seed round. • Previously raised [$X million] from [investors]. Team Experience Pilot Customers/Partners Logos of Past Companies & Top Schools Logos or Other Proof of Early Traction 2
  • 8.
    Problem [The succinct problemstatement you aim to address goes here. Use plain language – no jargon.] [Customer Tries Something] [Here’s Their Terrible Pain] [Existing Solutions Are Broken/Nonexistent] 3
  • 9.
    Solution Explanation of Actions Taken Explanationof Actions Taken Explanation of Outcomes 1-2 Product Screens [The succinct summary of the solution goes here. This often sounds like your company mission.] • [List a few key benefits and features here.] 4
  • 10.
    Go-To-Market In ONE slide,convey one or more of the following: 1. Your unfair distribution advantage – What’s the one thing that sets you apart when it comes to distribution? 2. Your initial customer/user acquisition strategy – What channels are you thinking about? What data can you share based on past tests? What tech integrations are you building? 3. Your initial marquee partners or customers, if applicable – Who are your earliest “true believers” that will help you gain traction and/or generate word-of-mouth? Who’s already in your camp that has a recognizable brand, history of success, or enough confidence in your company and product to partner or buy early on? 5 What to Know to Create Yours
  • 11.
    Go-To-Market Total Addressable Market:[$XB industry] Distribution Strategy: [Your unique advantage + channels you plan to test Launch [Dates] Traction [Dates] Growth [Dates] Main Focus: Priority Tasks: Target Results: [X] [X] [X] [X] [X] [X] [Launch web & iOS app] • [Improve signup flow • Finalize user referral process • Accepted to App Store • Drive initial signups • Measure DAU totals] • [X initial users • Convert X% of existing email list • Understand DAU & optimize] 5
  • 12.
    Traction to Date •[Key Metric #1] • [Key Metric #2] • [Key Metric #3] 6
  • 13.
    Looking Forward • Weare seeking [$X]. • We aim to [major goals] in the next [timeframe]. Team Building Company Progress May June July Aug Sept Oct Hire A, B, C] Hire X, Y, Z Launch Goal Goal Goal 7
  • 14.
  • 15.
    Team Headshot Headshot Name, CurrentTitle Name, Current Title Past Company Logo • Title or Relevant Function • Impressive Achievement Past Company Logo • Title or Relevant Function • Impressive Achievement Past Company Logo • Title or Relevant Function • Impressive Achievement Past Company Logo • Title or Relevant Function • Impressive Achievement 9
  • 16.
    Competition [Low Thing] [HighThing] [High Thing] [Low Thing] Logo Logo Logo Logo Logo We are stronger than the competition in [key differentiators]. We are threatened by the competition in [honest worries you have]. 10
  • 17.
    Use of Proceeds Q1Q2 Q3 Q4 YEAR Q1 Q2 Q3 Q4 YEAR Projected Headcount Projected Customers Revenue Salaries + Overhead Other (Professional Fees, Rent, Utilities, Travel, etc.) Cash Burn Total Cash Burn • Build team of [X] • [Biggest product milestone – e.g. launch beta in X months] • Product/market fit and [X customers/users] in [X] months 11
  • 18.
    Marketing Deep Dive InONE slide, convey how you’ll drive growth through one of the following : 1. Your actual marketing funnel and results to date 2. Your product’s built-in growth drivers (referrals, network effects, etc.) 3. Proposed tactics you plan to deploy over time The Next 3 Slides Show Examples 12 What to Know to Create Yours
  • 19.
    Marketing Deep DiveExample 1 of 3 [Description of Total Target Market] [Channel 1] [Channel 2] [Channel 3] [Conversion Action 1] (e.g. Lead, Free User, Trial, Demo, etc.) [Conversion 2 or Retention] (e.g. MQL, 1-7-30-Day Active Users, Critical/Sticky Feature Usage, etc.) Revenue LTV User Acquisition Conversion and/or Retention Monetization In Progress/Su cceeding (Continue to Optimize) Launch or Improve (Starting Soon) Test/Validat e Hypotheses (Starting Later) 12
  • 20.
    Marketing Deep DiveExample 2 of 3 User Network Effects/Product Virality Context Context Context Context Product Feature Product Feature 12
  • 21.
    Tactic Tactic Tactic Marketing Deep DiveExample 3 of 3 #Customers Time Tactic Tactic Tactic Tactic [X] Customers Tactic Tactic Path to [X] Customers 12
  • 22.
    Traction Deep Dive •Data Point • Data Point • Data Point 13
  • 23.
    [ExampleCo makes Xeasier and cheaper.] [Save Time: ExampleCo does X for you] . [Save Money: X% more cost-effective on average.] How Customers Use [ExampleCo]: 1. [X] 2. [Y] 3. [Z] How It Works 14
  • 24.
  • 25.
    Product Roadmap Bucket1Bucket2Bucket3 May JuneJuly Aug Sept Oct Milestone Milestone Milestone Milestone Milestone Milestone Milestone Milestone Milestone Milestone Milestone Milestone 16
  • 26.
    Customer Validation Headshot Headshot Logo Logo “Quote.” “Quote.” Test CustomerLogos • Proof of concept data point • Proof of concept data point • Proof of concept data point • Proof of concept data point 17
  • 27.
    Financials/Budget Revenue Q1 Q2Q3 Q4 Year1 Q1 Q2 Q3 Q4 Year2 Item $X $X $X $X $X $X $X $X $X $X Item $X $X $X $X $X $X $X $X $X $X Total Revenue $X $X $X $X $X $X $X $X $X $X Cost of goods sold Item $X $X $X $X $X $X $X $X $X $X Item $X $X $X $X $X $X $X $X $X $X Total COGs $X $X $X $X $X $X $X $X $X $X Gross Profit $X $X $X $X $X $X $X $X $X $X Gross Margin X% X% X% X% X% X% X% X% X% X% Expenses Item $X $X $X $X $X $X $X $X $X $X Item $X $X $X $X $X $X $X $X $X $X Total Expenses $X $X $X $X $X $X $X $X $X $X EBITDA ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) Other Income (Loss) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) Net Income (Loss) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) ($X) 18
  • 28.
    Unit Economics (Showing [X]months trailing.) Averages Meetings/Events Booked X Rental Rate $X Utilization X% Revenue for Venue $X Commission % X% Gross Revenue $X Cost Channel/Partnerships Direct Acquisition Cost-per-lead -- $X Partner Commission $X -- Service Agent $X $X Net Revenue $X $X Margin % X% X% Example: A Venue Booking Service [Provide context for a given item as needed] 19
  • 29.
    Market Size/Trends [$XB ] totalmarket opportunity [$XB] Go-to- Market Related Data Points • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) • Data point/statement (Source) 20 Do Both Top-Down & Bottom-Up!
  • 30.
    Exit Comparisons Startup Buyer acq. by [$X] VC VC Startup Buyer acq.by [$X] VC VC Startup Buyer acq. by [$X] VC VC Public Co [market cap] Public Co [market cap] Public Co [market cap] • Startups in the [industry niche] space are acquisition targets for companies such as [Examples], at valuations around [N] times price/sale. 21
  • 31.
    Partners/Biz Dev Logos ofEarly Partners Logos of Future Potential Partners Current Partners: Target Partners: 22
  • 32.
    Monetization [B2B SaaS BusinessModel] [Sales Strategy: Free trial and bottom-up selling] [Pricing: $X to $Y per user per month] [Operating Margins: Over X%] 23 Example: B2B SaaS
  • 33.
    Challenges/Risks • [Challenge #1– context] • [Challenge #2 – context] • [Challenge #3 – context] 24
  • 34.
    Why Now? Trend, Factor, orData Point Trend, Factor, or Data Point Trend, Factor, or Data Point Trend, Factor, or Data Point icon icon iconicon 25
  • 35.