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GETTING
                         TO


                           Crafting a
                          Compelling
                           Summary
                         of Your Value
                          Proposition



Bill Reichert ž Managing Director ž Garage Technology Ventures	
  
“XYZ	
  Mobile	
  is	
  a	
  dynamic	
  startup	
  
company	
  posi7oned	
  for	
  strong	
  market	
  
      growth	
  and	
  expansion.	
  	
  
  Management	
  has	
  created	
  a	
  cu?ng	
  
  edge	
  business	
  model	
  that	
  has	
  the	
  
poten7al	
  to	
  play	
  a	
  dominant	
  role	
  in	
  this	
  
             exploding	
  sector.”	
  
CONFUSED
BORED
T ypical Investor
Y O U 	
  
 
               	
  
               Pitching	
  to	
  investors	
  
               Talking	
  to	
  customers	
  
               Schmoozing	
  at	
  events	
  
               Pos7ng	
  updates	
  
               Recrui7ng	
  employees	
  
               Looking	
  for	
  strategic	
  partners	
  
               Sending	
  out	
  emails	
  
               On	
  your	
  website	
  
               Leaving	
  voice	
  mails	
  
               Press	
  releases,	
  marke7ng	
  materials	
  
               Team	
  training	
  
               ALL	
  THE	
  TIME!	
  	
  	
  

When do you need to Wow?
BE	
  CLEAR	
  
 What	
  do	
  you	
  do?	
  




 BE	
  CREDIBLE	
  	
  	
  
 Can	
  we	
  believe	
  you?	
  



BE	
  COMPELLING	
  	
  
How	
  much	
  beWer	
  are	
  you?	
  	
  	
  	
  
Model for crafting your WOW!


       1
                   DESCRIPTION	
  
                                 	
  

            What	
  do	
  you	
  do	
  beWer	
  than	
  
                          anyone?	
  
Model for crafting your WOW!


      2
                        BENEFIT	
  
                               	
  

          What	
  compelling	
  benefit	
  do	
  you	
  
                    offer	
  to	
  whom?	
  
Model for crafting your WOW!


      3
               DIFFERENTIATION	
  
                                	
  

                How	
  are	
  you	
  different?	
  
Model for crafting your WOW!




                         1       2




                             3
G E T T I N G 	
   T O 	
   W O W
                        A L T E R N A T I V E 	
   A P P R O A C H E S 	
  
                      A L T E R N A T I V E 	
   A P P R O A C H E S 	
  
T e l l 	
   a 	
   S T O R Y 	
  
P a i n t 	
   a 	
   P I C T U R E 	
  
Drop	
  a	
  really	
  big	
  name	
  
An Example:

   SuperCo has developed a low-cost technology that
 reduces the vibration caused by hard drives and cooling
                   fans in data centers.

  Because vibration reduces the performance of hard
 drives, our technology increases performance by up to
 2.5x, as we’ve shown with our three initial customers.

   Unlike other solutions that require a redesign of the
server, we can save our customers 40% of their total cost.
FiBAN - Getting to wow by Bill Reichert

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FiBAN - Getting to wow by Bill Reichert

  • 1. GETTING TO Crafting a Compelling Summary of Your Value Proposition Bill Reichert ž Managing Director ž Garage Technology Ventures  
  • 2.
  • 3. “XYZ  Mobile  is  a  dynamic  startup   company  posi7oned  for  strong  market   growth  and  expansion.     Management  has  created  a  cu?ng   edge  business  model  that  has  the   poten7al  to  play  a  dominant  role  in  this   exploding  sector.”  
  • 4.
  • 8. Y O U  
  • 9.
  • 10.     Pitching  to  investors   Talking  to  customers   Schmoozing  at  events   Pos7ng  updates   Recrui7ng  employees   Looking  for  strategic  partners   Sending  out  emails   On  your  website   Leaving  voice  mails   Press  releases,  marke7ng  materials   Team  training   ALL  THE  TIME!       When do you need to Wow?
  • 11. BE  CLEAR   What  do  you  do?   BE  CREDIBLE       Can  we  believe  you?   BE  COMPELLING     How  much  beWer  are  you?        
  • 12. Model for crafting your WOW! 1 DESCRIPTION     What  do  you  do  beWer  than   anyone?  
  • 13. Model for crafting your WOW! 2 BENEFIT     What  compelling  benefit  do  you   offer  to  whom?  
  • 14. Model for crafting your WOW! 3 DIFFERENTIATION     How  are  you  different?  
  • 15. Model for crafting your WOW! 1 2 3
  • 16. G E T T I N G   T O   W O W A L T E R N A T I V E   A P P R O A C H E S   A L T E R N A T I V E   A P P R O A C H E S  
  • 17. T e l l   a   S T O R Y   P a i n t   a   P I C T U R E  
  • 18.
  • 19. Drop  a  really  big  name  
  • 20.
  • 21. An Example: SuperCo has developed a low-cost technology that reduces the vibration caused by hard drives and cooling fans in data centers. Because vibration reduces the performance of hard drives, our technology increases performance by up to 2.5x, as we’ve shown with our three initial customers. Unlike other solutions that require a redesign of the server, we can save our customers 40% of their total cost.