We would like to raise money from a specific company backed venture fund. (Details cannot be given for anonymity). 1. We would like to practice our pitch in front of other Angel investors. How can we do that? 2. Any one in this group willing to listen to our pitch for 20 mins and willing to give us feedback? 3. What should we keep in mind before the pitch?
Most pitches fail to address two fundamental issues faced by angel investors. In order of importance they are:
1. can these founders build this business so it becomes profitable; and
2. how and when will my capital be returned and how large a return is offered?
I suggest you not pitch anyone. Instead obtain a Critical Factors assessment of your business as the basis for inviting angels to discuss and shape the opportunity with you. Learn what they can contribute. Is it what you need and want?
In parallel, get some third party assessments such as the HBDI profile of each team member, sales aptitude and sales knowledge etc. How do the profiles stack up against the demands of the role they are expected to fill? The CEO role is critical: the wrong person will almost assure failure of the business.Most firms fail because of the people issues so tackle them systematically from the beginning.
There is more on this pitch replacement approach at www.thekemballgroup.com The Dog's Bark.
Answered 9 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in