Are you in the startup race trying to market your product/service/idea and raise funding? Then step into the ”Pitch Shop”.
Stop at the pit to fine tune your pitch or refine your ideas. While you are at the pit, you could also read others’ pitches/ideas and provide feedback on them or share your thoughts.
This could really be a great chance to brain storm and connect with the like-minded startup enthusiasts.
Here are a few tips adapted from Guy Kawasaki’s 10/20/30 rule to help you get to the point when trying to pitch your idea across to the audience, and potential investors.
1. Problem (Tip: What is the market pain, size and how are you measuring it?)
2. Your solution (Tip: You have the opportunity to be …?)
3. Business Model (Tip: What is the potential for revenues?)
4. Underlying Magic (Tip: About the technology, product or solution you are trying to build)
5. Marketing and Sales (Tip: How will you get distribution?)
6. Market (Drivers & dynamics, Your positioning and sustainable advantages etc.)
9. Projections and Milestones
10. Summary and call to action (Ex: Funding requirement & potential exit routes etc.)
General Tip: It always helps to be prepared with a short and long version of pitch.
Short Version: 5 minutes for 10 slides covering the above 10 points
Long Version: 20 minutes for 10 slides covering the above 10 points