The Founder Institute and Ben Chong, accomplice at Proper Click on Capital, take you thru how you can nail your startup pitch.
tl;dr Pitch Deck Templates
Don’t have time to learn the information? You’ll be able to entry our Pitch Templates shortly under.
One‑Sentence Pitch Template | Elevator Pitch Template | One‑Minute Pitch Template | Long Angel/VC Template
Introduction
For those who’re like most founders, you most likely take into consideration your startup 24/7. You get up within the morning brainstorming product options, and also you go to sleep at evening considering advertising campaigns.
You’ll be able to’t keep in mind the final film you noticed on the theatre; your concept of a enjoyable, Saturday evening is collaborating with builders abroad. And stalking VCs on LinkedIn has turn out to be a favorite pastime.
Ardour, exhausting work and a wholesome quantity of obsession are important substances to entrepreneurial success. Nonetheless, it’s not unusual for founders to turn out to be hyper‑targeted on preliminary concepts on the expense of an vital truth:
A startup founder’s final success relies on others shopping for into his or her imaginative and prescient.
Translation: Your progress is contingent upon your potential to pitch the worth of who you might be, what you’re doing and why it issues. Reaching vital milestones like elevating enterprise capital, sourcing prime expertise and buying new prospects all require the identical ability – telling a narrative that makes somebody say, “For positive!”
Generally you’ve gotten half-hour to make that occur; different occasions you’ve gotten 30 seconds. Regardless, your job is to obviously talk why a given viewers ought to care about your corporation.
Bear in mind:
A startup founder’s final success relies on others shopping for into his or her imaginative and prescient.
“The aim of a presentation deck is to allow entrepreneurs to successfully inform the story of their enterprise. In some ways, it’s like a structured scientific proof. You wish to stroll the listener by an argument as to why that is going to be an incredible enterprise,” says Invoice Gurley, basic accomplice at Benchmark Capital.
One among your strongest instruments in reaching this goal is the pitch deck. Early‑stage founders can use templates to create visible shows that present transient overviews of enterprise worth propositions, market alternatives, and metrics.
On the Founder Institute, we see dozens of decks each week. The vast majority of them are fully forgettable as a result of somebody ignored a number of important substances to storytelling success.
Proper Click on Capital’s Ben Chong, who additionally runs the Founder Institute in Australia.
The fact? Phenomenal pitches aren’t thrown collectively in a weekend – they’re thoughtfully contemplated, examined and refined.
On this information, we’ll make a case for why founders ought to grasp The One‑Sentence Pitch, The Elevator Pitch, and The 1‑Minute Pitch earlier than tackling decks. We’ll additionally present tips for setting up narratives, customising pitch deck templates and speaking with potential buyers.
These are most of the similar strategies Founder Institute alumni have used to acquire $1.85BN+ in funding.
Lastly, we’ll conclude with some examples of actual decks utilised by globally recognised startups. After studying this information, you’ll know precisely what it takes to create a compelling deck, give a memorable presentation and stand out from the group.
Let’s get began…
3 kinds of startup pitches
Assume again to main faculty: Did your foray into your first language start with a 1,200‑web page copy of Battle and Peace?
No, you began by studying easy phrases. Equally, you shouldn’t count on to assemble ‘the right’ pitch deck straight away. As a substitute, start by setting up the best description of your corporation potential: The One Sentence Pitch.
1. The One Sentence Pitch Template
As a startup founder, you’ll meet a whole bunch of individuals at numerous conferences, occasions and conferences. Additionally, you will, routinely, introduce your self to finish strangers by e-mail. In such conditions, you’ve gotten seconds to pique somebody’s curiosity. And one of the best ways to try this is a compelling One‑Sentence Pitch.
This one‑sentence assertion explains what you do, who you serve and why it issues in easy language. Founder Institute CEO and Co‑founder Adeo Ressi has developed an superior One Sentence Pitch Template, which you’ll be able to see at FI.co/one‑sentence‑pitch. Use the template to craft your personal.
My Firm [name of company], is creating [a defined offering] to assist [a defined audience] [solve a problem] with [secret sauce].
Instance: My firm, the Founder Institute, is creating a startup accelerator to assist concept‑stage and pre‑seed entrepreneurs construct fundable companies with a structured methodology and international investor community.
Let’s undergo every of the gadgets
- The outlined providing have to be brief, easy and able to being understood by everybody, like ‘an internet site’, ‘a cell software’, ‘{hardware}’ or ‘desktop software program.’
- The outlined viewers is the preliminary group of those who you’ll market your providing to. Within the case of shopper functions, it’s often a demographic, akin to ‘ladies age 25 to 35 years outdated.’ Within the case of enterprise functions, it’s often a job perform at a kind of company, akin to ‘system directors at medium-sized expertise companies.’
- Now that you’ve got an providing serving to an viewers, you’ll want to remedy an issue. The issue must be one thing that everybody understands, akin to ‘cut back the time gathering invoice funds’ or ‘interact in an immersive leisure expertise.’
- The ultimate part, the key sauce, provides your distinctive method to fixing the issue and demonstrates a mastery of the market. Some examples are ‘by sending automated e-mail alerts based mostly on evaluation of highest response occasions’ or ‘with digital worlds constructed in response to the actions of the gamers.’
Mediocre Elevator Pitch Instance
My firm Socialista,
Is creating a revolutionary, social utility
To assist feminine customers
Discover offers on-line sooner.
What’s incorrect with this pitch?
- The providing is imprecise: A ‘social utility’ may very well be a telephone firm. The pitch ought to learn ‘ecommerce web site.’
- The adjectives are empty: This particular person might imagine their enterprise is revolutionary, but it surely’s an over‑inflated declare. Let the numbers converse for themselves!
- The viewers is imprecise: It may very well be extra clearly outlined (e.g. feminine customers between the ages of 18 and 25)
- The issue isn’t apparent: Why can’t the goal shopper use search engines like google and yahoo to search out offers on-line? Why is that this platform higher than her present choices?
Together with these particulars implies the particular person has accomplished their homework, is aware of their stuff and has a viable enterprise concept.
Improved Elevator Pitch Instance
My firm Socialista,
Is creating an ecommerce web site
To assist feminine customers between the ages of 18‑25
Store for hip, child merchandise at wholesale costs,
With automated ordering of diapers and different staples.
As you’ll be able to see, the Elevator Pitch format is deceptively easy. The important thing to standing out is (a) being tremendous particular, and (b) emphasising your startup’s ‘secret sauce.’ On this case, the founder’s distinctive differentiator is offering a modern answer at an unusually inexpensive worth. Mastering this train is extraordinarily useful in refining Distinctive Worth Propositions.
2. The Elevator Pitch Template
When you’ve articulated your One‑Sentence Pitch, you might be able to increase into a correct Elevator Pitch.
Our Elevator Pitch Template begins along with your One‑Sentence Pitch, after which expands to incorporate the solutions to those key questions:
- Why Now? Timing could make or break an organization. Why is NOW the precise time for this?
- Why You? Nice corporations begin with nice individuals. Why are YOU (or your crew) the precise individuals to execute on this?
- What’s Your Ask? Everyone seems to be a possible connector or supply of suggestions. All the time be asking — whether or not it’s for funding, potential collaborators, potential companions, advisors… and even simply suggestions!
2. The One-Minute Investor Pitch Template
When you’ve articulated your Elevator Pitch, if you’re elevating cash then you might be prepared to maneuver on to the One‑Minute Pitch. Right here you’ll be able to add a number of key particulars to your Elevator Pitch which might be related to buyers: akin to market dimension, differentiators, and so on.
Take a look at the simple‑to‑use ‘One Minute Pitch Template‘ from the Founder Institute.
Getting ready to Pitch Traders
Earlier than you start creating your pitch deck, it’s vital to contemplate the angle of potential buyers.
Prime VCs see and listen to dozens of pitches per week, each in‑particular person and by way of e-mail. Luminary Silicon Valley enterprise capital agency Andreessen Horowitz (a16z) hears from round 3,000 startups annually. What number of of these corporations procure investments? Solely 15 of them.
Pre‑requisites for Pitching to Traders
As Mike Suprovici (Founder Institute EIR) lays out in his Startup Information: How you can Elevate the First Spherical of Funding for Your Startup, earlier than you even start to method buyers, you want the next:
- A robust startup concept that’s vetted and backed by strong market analysis. See this startup idea guide from the Founder Institute
- A prototype, a patent, or a proof of idea for the ultimate concept
- A easy and scalable startup financial model that reveals at the very least $10M in income after 3 years. See this revenue forecasting template from Aaron Patzer, Founding father of Mint.com and FI Mentor
- A robust 10 to fifteen web page presentation that meets buyers’ expectations. We’ll focus on this within the part under
- An integrated entity with a wise capitalisation desk (‘Cap desk’). See this simple cap table from Enterprise Hacks
- The power to stop your job and reside for six months on financial savings when you conclude the financing and launch the enterprise
- Metrics that match into these Startup Benchmarks
One other issue to contemplate is what sort of investor you might be approaching. Contemplate the stage of your personal firm, earlier than attempting to pitch to sure buyers. Do you meet their pre‑requisites? In case you are elevating your first spherical of funding, then you might be possible nonetheless at a pre‑angel or angel funding stage. In consequence, you need to NOT attempt to pitch enterprise capitalists.
What Traders Wish to See in a Pitch
In case you are able to pitch angels or enterprise capitalists, it’s crucial to grasp what these buyers are in search of. To face out, your pitch should embody each (a) the precise informational parts buyers are in search of, and (b) a memorable story that illustrates a compelling alternative.
Traders make choices based mostly on return and threat: How massive of a return may they obtain? And what may forestall them from receiving that return? Most VCs desire a 10-20x return.
As a founder, your job is to persuade buyers your startup affords the best potential return, with the least quantity of threat, compared to the others on their record.
- Market Danger: Are you addressing a big, rising market?
- Product Danger: Do you’ve gotten a sustainable aggressive benefit?
- Execution Danger: Can your crew ‘pull it off?’
“The largest problem of constructing a memorable deck is constructing a storyline that echoes exterior of the pitch deck. This implies constructing a storyline that’s not solely simple for buyers to recollect, but additionally a storyline that’s simple for them to repeat to different potential buyers.”
Jasmine Foroutan, CEO and Founding father of Pitch Genius, says, buyers need greater than rote slideshows
What Makes a Startup ‘Fundable’?
Throughout one in every of Naval Ravikant’s (founding father of AngelList) talks on the Founder Institute, he described ‘The Anatomy of a Fundable Startup’, which you’ll be able to watch under:
Equally, when Aaron Patzer (founding father of Mint.com) described his Pitching Secrets to the Founder Institute, he outlined 4 essential questions buyers will ask themselves every time they consider a startup pitch:
- Does it remedy an issue?
- Does it remedy that downside in a giant market?
- Is it one thing that has a aggressive or sustainable benefit?
- Are you able to earn a living or make a revenue?
Deal with these 4 questions, and you’ll have a a lot greater likelihood of attracting funding from skilled buyers.
Pointers
Consider your deck like a visible marketing strategy. Your goal is to succinctly illustrate your data of {the marketplace}, enterprise mannequin, and {qualifications} for execution.
An ordinary deck consists of 10 to 14 slides. What’s the commonest mistake made by new founders? Offering an excessive amount of element, too quickly. Jenny Lefcourt, Normal Accomplice at Freestyle Capital, cautions early-stage founders against making this error:
What’s actually vital is just not to enter the weeds of all the small print as a result of what you’re attempting to do is give them sufficient data that they need extra data. Your purpose at assembly No. 1 is to get individuals sufficient that they need assembly No. 2.
Do:
- Keep away from extreme textual content
- Use giant fonts which might be simple to learn
- Embody vibrant charts, statistics and graphics
- Label every slide (e.g. downside, answer, crew)
Don’t:
- Embody unsubstantiated development projections
- Describe extraneous hiring particulars
- Use tons of bullet factors
- Inflate your capabilities
Make Two Decks
Many founders are stunned to study they want two decks: (1) an in depth model that may be shared with buyers by way of e-mail, and (2) a simplified model that may be elaborated upon in particular person.
It’s not unusual for buyers to request to see a deck earlier than agreeing to fulfill. For that reason, your “studying” model ought to embody sufficient element to face alone.
Conversely, a regular deck must be streamlined to make sure buyers spend extra time listening and fewer time studying. Many of the shows obtainable for on-line viewing showcase “listening” decks.
We advocate starting with the development of the “studying” deck, which may then be edited for pitch shows.
Telling a Story
Is there a RIGHT option to organise a pitch deck? The reply is each sure and no. By way of data supplied, there are specific factors you completely should cowl. Nonetheless, you’ve gotten artistic freedom when organising and presenting your slides, and telling a compelling narrative is paramount in delivering a robust pitch.
Learn our Pitch Construction Information https://www.startupdaily.web/recommendation/pitching/how-to-pitch-a-startup-founder-institute/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-pitch-a-startup-founder-institute.
How you can Ace Your Presentation
Listed here are a few of Adeo Ressi’s best pitch presentation tips:
- Hold it underneath 10 minutes: Be respectful of your viewers’s time, and summarise your concepts into a short presentation
- Inform a narrative: Don’t simply speak numbers – take your viewers on a journey of why this enterprise issues
- Have a transparent UVP: Traders typically hear dozens of shows every week. Stand out with an actual distinctive worth proposition
- Present your ardour: Don’t be afraid to let buyers see your pleasure over your concept
- Anticipate questions: Although it could not appear to be it, getting interrupted is an effective factor; it reveals your viewers is listening and cares sufficient to voice their considerations. Assume by solutions to potential questions forward of time
Investor Pet Peeves
Traders take heed to a ton of pitches, so it’s only pure for them to see (and be barely irritated) by frequent errors.
One of many greatest pet peeves of Manu Kumar, of K9 Ventures, is when presenters say they’ll reply a query later:
“You must comply with the circulation. When any person asks you a query, that’s the precise time to deal with the query. Even when it means you must bounce forward or bounce again.”
Over time, we’ve spoken with a number of VCs who echo this sentiment — entrepreneurs should exhibit flexibility, spontaneity and willingness to “bounce off” script. It’s possible you’ll be keen to speak about your crew as a result of it’s within the subsequent slide. Nonetheless, the investor sitting in entrance of chances are you’ll care extra about buyer acquisition prices.
Which is why practising your pitch in low‑stakes conditions is SO vital. The extra acquainted you turn out to be with addressing sudden interruptions, the extra confidently you’ll deal with diversions in conferences that matter.
Adeo Ressi (CEO of the Founder Institute) has one thing that frustrates him much more:
“One among my greatest pet peeves is when founders pitch me a enterprise, they usually don’t clearly outline who their buyer is. For those who don’t know The Who, it’s very exhausting for me to grasp The What or The How.”
See extra investor pet peeves from funding specialists Manu Kumar of K9 Ventures, James Cham of Bloomberg Beta, Adeo Ressi of the Founder Institute, and Alex Gurevich of Javelin Enterprise Companions under.
The underside‑line
Delivering “the right pitch” takes follow. It’s regular to really feel nervous earlier than chatting with a room filled with strangers. Nonetheless, the extra you do it, the better it turns into. Founders who wish to expedite progress ought to contemplate becoming a member of an intensive accelerator program.
Profitable Pitch Examples
Under are some examples of decks and shows – from each massive and small names – which have resulted in funding.
Discover the frequent parts we’ve mentioned woven all through the decks. And be aware of any presentation methods that may be advantageous to your startup.
Pitch Deck Examples
Mint.com
Founder: Aaron Patzer
Funding: $31.8M in 5 rounds, acquired by Intuit
Airbnb
Founders: Brian Chesky, Joe Gebbia, Nathan Blecharczyk
Funding: $4.4B in 13 rounds (as of March 2019)
Pitch Presentation Examples
Do you have to research the pitch shows of legends like Steve Jobs, Marc Benioff and Elon Musk? Completely.
Nonetheless, it’s typically useful to observe entrepreneurs who’re much less eliminated out of your present stage of enterprise. Under are some pitch shows from up‑and‑coming Founder Institute Alumni:
Bridgr
Bridgr, a Montreal FI firm based by Amira Boutouchent, is an internet platform that helps small and medium-sized manufacturing corporations discover and collaborate with validated and certified impartial specialists to unravel their operations points, permitting them to develop shortly with out the necessity for costly and time-consuming consultancies.
Climber
Climber is a Lisbon FI firm based by Mário Mouraz. They construct income administration software program that takes knowledge from exterior sources, akin to climate, air site visitors, on-line purchasing, and claims concerning a resort’s repute. They cross analyze all of that with data from the resort person, with a purpose to robotically calculate what to promote and the way a lot to promote it for.
MeetGeek
Aplicate
Aplicate is a wellness cell app based by Liliana Medina. They create customized and complete well being plans in seconds by a customized expertise. In August 2022, Aplicate was acquired by Daisies.
Conclusion
Setting up a pitch deck is an important part of delivering a compelling funding presentation. A profitable deck clearly articulates a target market, an issue value fixing and a scalable answer.
It additionally mitigates the three kinds of threat buyers care most about: Product Danger, Market Danger and Execution Danger.
Nonetheless, displaying one thing ‘technically right’ isn’t sufficient. For higher or worse, most buyers affiliate good storytelling with entrepreneurial functionality.
Subsequently, ‘mastering the pitch’ is essential for founders desirous to safe enterprise capital. The best option to improve your entrepreneurial storytelling abilities and enhance your pitch is to affix a startup neighborhood devoted to your success.
- About The Founder Institute
The Founder Institute is a 3‑month accelerator program designed to rework pre‑seed founders into storytellers able to reaching funding. We offer members with weekly enterprise mentoring, pitch deck suggestions and loads of pitch follow alternatives.
Our startup curriculum is led by main startup specialists with confirmed observe information of success. This method has led to greater than 7,500 corporations launching and elevating $1.85BN+ in funding.
The following program on the Founder Institute in Australia/New Zealand begins in February 2026. Applications are open now.
