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- 10. Fundraising: Part I
10. Fundraising: Part I
Get your foot in the door with VCs
Winning Email Slide Decks
Hey there,
Welcome to where I write about my journey from a stable Big Tech Software Engineering job to the wild and volatile world of Venture Capital.
As a nascent initiate of The Firm, I’m shocked by the number of pitch decks that fly through our office and into the 🗑️. This sheer volume makes a killer deck crucial if you want stand out.
The only goal of an email slide deck should be to spark a VC’s attention and get that first meeting.
Once you’re in person, you want to connect personally with the VC.
For the most part, VCs invest in people, not ideas.
Successful email pitch decks follow this structure:
Grab attention
Your first slide should overcome the inertia and default behavior of a VC to toss your deck. Grab their attention and spark their interests. Some do this with their 1 line descriptor of their company and a pretty graphic:
Uber: “Next-Generation Car Service”
This is the slide that will be viewed the most and for the longest, make it visually appealing to stand out and be memorable.
Problem
Clearly define the problem your startup aims to solve. Outline the customer or pain points and how they address the issue today. Highlight the market you’re tackling.
Uber:
Cabs use aging & inefficient tech
Taxi’s are a monopoly which reduces quality of service
No GPS coordination between client & driver.
Solution
Present your solution and explain how it effectively addresses the outlined problems. Highlight your unique value proposition.
Uber:
Fast & efficient on-demand car service
Latest tech
Reduce wait time
Optimized fleets & incentivized drivers
Also, make sure to mention AI 😉
Why now?
Start by addressing the urgency and relevance of your startup. Why is now the perfect time for your product or service? Highlight market trends, recent developments, or regulatory changes that make your solution timely and essential.
Uber:
Adoption of smart phones → High quality GPS & internet connectivity
Technology
Detail the tech that powers your solution. Explain how it works, why it is superior to existing alternatives, and how it provides a competitive edge. Highlight any proprietary technology, patents, or unique processes that set your startup apart.
Uber:
Mobile app with real-time GPS tracking
Seamless payment integration
Advanced algorithms for optimal driver-passenger matching
Scalable architecture to handle high demand
Team
Investors bet on people as much as they do on ideas. Introduce your team and emphasize their credentials, relevant experience, and “brand names” (successful exits, Apple, Google, Stanford, Harvard, Wharton, etc) they are affiliated with.
Uber:
Travis Kalanick (CEO): Previously founded Red Swoosh, a peer-to-peer file-sharing company acquired by Akamai Technologies.
Garrett Camp (Co-Founder): Co-founded StumbleUpon, a web discovery platform that was acquired by eBay.
Oscar Salazar (Founding CTO): Engineer with a background in computer science and software development, previously worked at multiple tech startups.
Business Model
Explain how your startup plans to make money. Detail your revenue streams, pricing strategy, and any partnerships or distribution channels. A clear and sustainable business model reassures investors that there is a viable path to profitability.
Traction / Metrics / Progress
Showcase your startup's progress and achievements to date. Include key metrics such as user growth, revenue, partnerships, and product milestones. Demonstrating traction validates your business model and shows that your startup is gaining momentum.
Ask
Clearly state what you are seeking from investors and what you will use it for. Precisely outline the amount of funding you need and the milestones you aim to achieve with the investment.
Vision
Conclude with a compelling vision for the future. Paint a picture of where your startup is headed and the impact it will have on the industry or society. A strong vision can inspire investors and leave a lasting impression.
Signing off and signing zero checks,
SWEdonym
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