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File – How Elon Musk Gets VC. (AP Photo/Refgio Ruiz, File)
Venture capital (VC) funding is highly coveted by entrepreneurs, but only about 100 out of 100,000 ventures actually raise money, and about 80 out of 100 fail Only about 20 ventures out of 100,000 actually succeed after securing. Despite the lack of VCs and high failure rates, many entrepreneurs seek help from a network of business schools and incubators to find VCs to pitch their VCs or create a “winning” pitch deck. I am
Most proposals include: standard element The reality is that pitch materials, such as product/service descriptions, market analyses, operational performance and financial details, are very poor at predicting a venture’s potential, and sophisticated entrepreneurs and venture capitalists I know No one can predict your potential from the proposal materials. As an example, about 10 of the world’s largest VCs rejected Steve Jobs and about 12 rejected Google.
That’s why VCs are waiting for “Aha”, real evidence of possibility (evidence), not just words on the page. There are four types of Aha based on the real-world achievements of billion-dollar entrepreneurs. In this article, we’ll be looking at his 4 different pitch decks based on those 4 types of Aha that will increase your chances of getting VC if you still need them when you reach that particular type of his Aha – 94% of billion dollar entrepreneurs took off without VC.
of Pre-Unicorn pitch deck: If you’re an entrepreneur who’s already achieved unicorn status with previous ventures, you’ll find it relatively easy to attract VCs for your new venture. This type of pitch deck showcases your track record as a successful entrepreneur. For example, Elon Musk’s proposal materials read, “Hi, I’m Elon Musk. I’m thinking of starting a new business. I’ll get into the details later. In the meantime, please send a check to please give me. “
of unicorn technology pitch deck: Entrepreneurs who have developed multi-billion dollar technologies that address critical market needs have a great chance of securing VCs. This type of pitch deck highlights the effectiveness and market-disrupting potential of proven technology. For example, we have a technician who: herb boyer “Hello, I’m Herb Boyer. I successfully pioneered the field of genetic engineering with my colleagues,” he might introduce his pitch deck.
of Unicorn strategy pitch deck: Entrepreneurs who have already launched ventures and demonstrated unicorn-level strategies have an advantage when seeking venture capital. This type of pitch deck highlights a venture’s successful execution and market traction. Examples include: Pierre Omidyardthe eBay founder said, “Hello, I’m Pierre Omidial. ‘ said.
of unicorn entrepreneur pitch deck: A pitch deck by a unicorn entrepreneur who has successfully launched a unicorn venture and is beginning to dominate the emerging industry could attract significant interest from VCs who want to invest in potential unicorn entrepreneurs due to their leadership skills. These entrepreneurs have already demonstrated their ability to run successful businesses, which makes them more likely to be invested by VCs. For example, Mark Zuckerberg’s pitch deck says, “Hello, I’m Mark Zuckerberg. I recently launched Facebook and it already has a sizable user base, including students at Harvard and Stanford. From now on, the rest of America and the world.”
best pitch deck
Your venture is already growing rapidly without VC funding, so you don’t need the ultimate pitch. Jan Koum’s experience with WhatsApp exemplifies this approach. Mr. Koum, who founded the company with angel capital and achieved profitability, accepted VC funding only after he persisted for eight months from the VC firm. A proposal document from him might simply read: “Hi, I’m Jan Koum. I built his WhatsApp with his $250,000 angel capital, and it’s already profitable. So, as a matter of fact, I don’t need your investment. Here you go. , shut up.”
My take: Pitch decks are all the rage, but it’s essential to provide real evidence of potential. Empty promises and exaggerated claims have their limits. Learning from unicorn entrepreneurs who have achieved impressive growth without VC funding can provide valuable insights for building a strong business foundation. Remember, VCs are looking for tangible evidence of success. Aim to provide real evidence that proves your venture potential and your skills. That way, you have a better chance of securing venture capital investment.
