Day 84 in MIT Sloan Fellows Class 2023, New Enterprises 8, Pitching your idea
Possible agenda for pitch
Normally, pitch can be 5-7 mins, but you may need to deliver a shorter presentation like elevator pitch. Then, you need to focus on couple of topics as follows.
- Tell a story - make a connection
- Be very specific and personal. Don't be generous.
- user or buyer persona is a great place to start.
- Highlight urgency, desired & possible state, value proposition
- Introduction - company name, logo, tagline
- Focus on benefits
- Differentiate you from alternatives
- Make it very visual
- three key points
- Target customer, pain
- Who, why, why now, who pays
- TAM/ROI/Why does this matter
- Your solution
- use visuals(What)
- Pricing(How much)
- Competitive positioning/ advantage
- 2x2 chart
- Buying process/ GTM strategy / Business model
- COCA, market penetration
- LTV, business model, pricing assumption
- Financials
- Units installed
- Costs
- Key milestones
- Value of company estimation
- Team
- Team members
- Roles and qualification
- Future growth plan
- Summary and "ask"
- How much are you asking them for?
- What are the possible exists?
- returns