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I recently filmed a show for This Week in VentureCapital in which I talked about how to prepare for a VC meeting: whom you’ll meet, who should attend from your side, what materials you should bring and how you should run the meeting. The “Triple Play&# of VC Presentations. But take prompts from the VC.
This might be a VC meeting but also might just be a sales or biz dev meeting. It’s any meeting where you are in a small room and are being called on to present on some form of overhead slides. If you look at Diagram A above you’ll see that the presenters are sitting at the opposite end of the table from where the screen is.
In order to understand how to “get to yes” with a VC you first need to understand how VC partnerships make decisions and then you can understand how to increase your odds of closing a deal. VC Partnerships Start by understanding how many partners are at the firm you are approaching. Reciprocity is equally destructive.
I spotted my fellow VC Leo Spiegel (from Mission Ventures) who had spoken previously to the same group and asked about his experiences. They had slides with moving images and music. Nobody wants to read your text on a big screen. I walked around to a few tables and I asked students what would interest them.
“Yes&# was given to me by one of my favorite angel investor / seed VC’s to work with – John Greathouse of Rincon Venture Partners and author of the blog InfoChachkie that you should check out because it is filled with great info from a guy who has been a very successful operator. So what are you waiting for?
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
.&# It was my investment philosophy that observing teams’ performance over time was far more insightful than reacting to how good of a product demo they do, how good they present Powerpoint slides or how great tech blogs say they are. I call it “focus on basecamp, not the summit.&# Let me explain.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
Because they’re street smart, most great entrepreneurs tend to prefer getting out and talking with real customers rather than sitting in a cubicle all day doing beautiful PowerPoint slides. And when they walk in my office and present you can tell that they know what they’re talking about.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
Management teams whisk through slides trying to get through a presentation to share how great things are going and they are eager to get through the meeting so they can get back to their real jobs. But I find that the more informed your board is and the more you’re staying on their radar screen the more effective they’ll be for you.
When I need to give a speech and I’m writing a slide for my deck, I think up the story in my mind that I’m going to tell for this slide. As a VC it’s how I think through which markets will be attractive in the future, which ones I want to be in now and how the technology & business world will likely evolve.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. If you have ten minutes, that means no more than ten slides. I’ve seen several presentations that never moved past the first slide before running out of time. Then match your pace to cover all the material.
My original thinking from Oct ’09 was, while I didn’t (and still don’t) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn would drive the stock market south and cut the rate of M&A activity and VC investment even further.
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