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by throwasehasdwi
3357 days ago
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All this tells me is that a slide deck matters little, if at all. There's hardly anything on these slides except some marketing bs. None of the graphs even show important metrics. I'm sure what was said when the deck was presented was far more influential |
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1. Kept it under 15 slides
2. Used tight copy to succinctly get across what they do, why they're doing it, what their "angle" is and how big the space is
3. Illustrated some traction and hustle
4. Showed the team wasn't completely wet behind the years (and that they could successfully recruit and execute)
5. Outlined a plausible initial growth strategy
6. Signalled some social proof: from early investors and happy users
7. Wrapped it up in a clean design and sensible slide sequence
It's harder than it looks.
Edit: and that's just the deck. Chances are they will have had to plough hundreds of hours in to: networking, google+linkedin+crunchbase+angel list deep dives building a VC pipeline, reading countless money raising blogs/books/podcasts and practising their in-person pitch for when they do get a meeting (not to mention making sure their existing cap table wasn't fucked up from earlier FFF investments, if they had any). After all that comes a probable 75% to 95% rejection rate from the final list of VCs they drew up and managed to get a meeting with [and you have to keep the company moving, growing and developing while you do all of this].
Basically, if you're early stage and a founder who doesn't already have one or two notable previous wins under your belt, there's a lot of background shit you need to do before you even have a chance of getting in a room with a credible VC and winning them over with a slick sales pitch. An effective deck is one of those things.