210. The Real Reason Long Pitch Decks Are A Red Flag
I didn’t have time to make a short deck, so I made a long one instead.
Avoid the most frequent fundraising and startup pitfalls with practical tips for founders.
I didn’t have time to make a short deck, so I made a long one instead.
The longer an investor has been around, the more likely they’ve seen someone attempting to solve the same problem you’re tackling. Convince them “why now” to get their attention.
Read more of Allyson’s work on our Substack: https://vcminute.substack.com/
I made a critical mistake by underestimating the importance of momentum.
Coming back around to the first lesson, the relationship between the founder and lead VC is the most important part of the whole process.
Clearly define the depth of legal scrutiny required on each issue to streamline the process.
Your pitch deck should be able to tell the story without voiceover. VCs are going to send it around externally and internally at a fund. Everyone needs to understand it without you presenting it.
Maybe a founder could explain to me why you would not follow up with investors that opened your deck on DocSend?
We met six months ago for 30 minutes. It’s been 260,000 minutes since we last communicated. Remind me, what does your startup do?
The next two post-funding mistakes are over-spending and not forecasting cash. Cash is king!
There are three post-funding mistakes Matt regularly sees from founders. The first is under-reporting.
A mistake in fundraising is being ambiguous when it shouldn’t be ambiguous; it should be truly a process.
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