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Note the full presentation deck with additional slides can be found on SlideShare here or you can simply scroll through it at the bottom of this post.]. Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” From a technology perspective our journey is nowhere near over.
Proving your Business Model Works - Build, Define, and Review But how do you prove your numbers? Finally, review the numbers with your partners. The metrics, and how they relate, are captured in his slide: Note the relationship between retention/referral efforts and lifetime value. Please write us at blog@techempower.com !
So I thought I’d write a post about how I drive my personal creativity. (A The key is channeling what you learn when you drive onto paper for retention purposes so you have to write it down soon afterward. I want to know how many people, their level of tech sophistication, their age and their interests.
I’ve been meaning to write about this for a while and was going to use AngelList by Nivi & Naval as the basis for my example and the perfect prompt came yesterday when I read Fred Wilson’s blog post on AngelList. Before booking a hotel I always check out Trip Advisor and read reviews. So how does this apply to you?
I’m writing this post as part of my series with Advice on Raising Venture Capital but will file it under Sales Tips as well since it applies equally to both scenarios. Other times the partner wants to test whether there is support before sinking in tons of duediligence time. tip: write it down when asked / parked).
I continue to collect great content that is the intersection of startups, products, online and technology. aka: An Open Letter to the Next Big Social Network) - 500 Hats , November 1, 2010 I've held off writing this post for a long time, because I couldn't quite get my head around all the issues. but: Something is Still Missing.
I’m a pretty natural public speaker so I can write my presentation the day before and do just fine. So things that have to be done early get done early, but only at the last possible moment that the early task is due. The first was to do a 5 minute “ignite&# presentation – 5 minutes, 15 slides.
It eventually closed at 11,204 in April ’10 before sliding back around 10,000 as I sit here and type. VCs have also gone back to writing checks because as an industry we can’t be seen as “sitting on the sidelines” for years at a time. Either won’t bode well for angels if they’re also hurting on non tech investments.
The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.
In most cases, these applicants for equity funding must be rooted in technology to apply to this limited discussion. You will have to hone your story well, down to fifteen minutes and perhaps fifteen slides in your presentation. This class of investor typically writes checks from $50,000 to $250,000. Accelerators.
They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business. You need funding, and plan to get it from friends and family.
They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. Of course there are scenarios where a written business plan is not critical, but I haven’t seen one yet where a well-written 15-page document, or at least a 10-slide pitch, is a negative.
How Most Board Meeting Prep Works I’ve been sitting on tech boards for two decades so I have some experience with what goes wrong. The deck itself was produced by a committee of functional team lead who were asked to do 5–7 slides each for an update. Each section head reads his / her 5–7 slides. There are too many pages.
I have been writing a series on how startup boards get selected, who sits on them and what to avoid. This is often management’s fault because a long-deck plus financials that arrive the night before a board meeting don’t allow for directors to properly review them. Another example is proactively reviewing executive compensation.
As I write these words I’m aware that I could practically change the words AOL and Facebook for much of this section and with a few factual tweaks it might not be noticeable to the reader which of the firms I was talking about. No prizes for guessing … there’s ALWAYS a second act in technology. Is the game over?
Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. Some dreams sound great, but may not yet be viable or proven with today’s technology. Writing down key parameters will force you solidify the specifics, and mentally commit to them.
I had seen many cycles and decided that since I was going to do it all over again I should write about it. I decided to write about my experience and to be blunt. It became a huge kerfuffle with many VC partners writing to thank me for the post, which exposed those that gave their industry a bad name. And covered we did.
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