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Life in the Pitch Lane
•Stop Me if You’ve Heard This Before
Rod Lenniger
@AZRod
My Life In the Pitch Lane
RAL Advisory Services
Pitch?
RAL Advisory Services
Recipients
Applicants
Professors
Fiancee
Customers
Vendors
Investors
Employees
Boss
RAL Advisory Services
RAL Advisory Services
What about a Business Plan?
RAL Advisory Services
“Everybody has a plan until they get
punched in the mouth…”
Business Plans
VS
RAL Advisory Services
?
? Business Model Canvas
https://www.youtube.com/watch?v=QoAOzMTLP5s
Good Enough?
Built from a Business Plan?
Competent or Excellent?
RAL Advisory Services
Everybody Gives Pitch
Guidelines
RAL Advisory Services
Bad Pitches
Can Kill
Good Ideas
RAL Advisory Services
INVESTOR PITCH DECK OUTLINE
1) Elevator Pitch
2) Momentum, Traction, Expertise: Your key numbers
3) Market Opportunity: Define market size & your
customer base
4) Problem & Current Solutions: What need do you fill?
Other solutions
5) Product or Service: Your solution
6) Business Model: Key Revenue Streams
7) Market Approach & Strategy: How you grow your
business
8) Team & Key Stakeholders (Investors, Advisors)
9) Financials
10) Competition
11) Investment: Your ‘Ask’ for funding, Basic use of
fundsOptional Slides: Exit Strategy, Partnership Agreements, Product/Service Demo,
Existing Sales/Clients, Your “Special Sauce”
Per “Crowdfunder”
RAL Advisory Services
RAL Advisory Services
Dave McClure, 500 Startups
RAL Advisory Services
“Evangelist”
6/17/15 RAL Advisory Services
RAL Advisory Services
Gary’s 10 Slides
1. Title
2. Problem/Opportunity
3. Value Proposition
4. Underlying Magic
5. Business Model
6. Go-to-Market Plan
7. Competitor Analysis
8. Management Team
9. Financial Projections
10.Current Status (Accomplishments to date, Timeline, Use of Funds)
RAL Advisory Services
Killer Questions
RAL Advisory Services
Sales ≠ Marketing
How will you get your idea to market?
Marketing ≠ Sales
RAL Advisory Services
RAL Advisory Services
You Will Need a Marketing Plan
RAL Advisory Services
Software Companies Need Sales and Marketing More!
• Common Misperceptions
• Founders/leads come from tech- product first
• Marketing seen as fluff luxury
• Great products sell themselves/early adopters
• …But R&D doesn’t generate income!
• Marketing Reaches People You Don’t Know
• Have a plan ready when time to scale up
• Cant just “turn on marketing”
• Who? Pain points? How to reach?
• Systematic. Trial and Error. Takes time
RAL Advisory Services
The Big Boys spend more on Marketing than R&D!
• Dell spends 8 times as much on G&A than R&D
• 1H 2014 – HubSpot spent $9M on R&D; $33M on Sales/Marketing
• 2014 – SalesForce spent 15% on R&D; 53% on sales & Marketing
RAL Advisory Services
RAL Advisory Services
Who’s Running this Show?
The Management Team
People and Chemistry Count!
RAL Advisory Services
Expertise Opportunity
Passion
X
RAL Advisory Services
Show You Share Focus
Pitch Deck Examples
RAL Advisory Services
RAL Advisory Services
RAL Advisory Services
PR OB LEM
Weak Inventory
Management
Money left
on the table
No single buy/
sell platform
Too slow and
complicated
Too many
middlemen
Seller
RAL Advisory Services
Auction
Buy Planner
Inventory
Management
Profits
SOLU TION
Cloud Based – Real Time – Single Platform
RAL Advisory Services
B U SIN ESS MOD EL
Uploads
Inventory
Auction
Campaign
Tools
Search
10 – 15% Commission
Net Proceeds
6/17/15 RAL Advisory Services
U N D ER LYIN G MA GIC
Campaign planning/
media buying tools
Inventory
management
Collecting
Payments
Tracking
analytics/trends
Closing Sale
Executes
auction model
RAL Advisory Services
C O M P E T I T O R M AT R I X
Features
One-Stop Shop (Buy/Sell)
Management System
Campaign Planning Tools
Available Inventory On-Line
On-Line, RT Auction
Near Real-Time
Transactions
Demographic Targeting
Monetize Unsold
Inventory
Smart Phone Access WIP
Analytics / Data Mining WIP
RFP Process
Not
necessary
35
Software
Fully
operational
CURRENT STATUS, ACCOMPLISHMENTS TO
DATE, TIMELINE AND USE OF FUNDS
Beta testing in
first niche market
(Balt/Wash, DC)
$$ for enhanced
website front end,
Marketing, SG&A
$BETA
Launch
2012
Software Concept
Developed
Digital Sign Expo
Las Vegas
Successful Demo’s
to Inventory owners
Finalize Business Plan
Seek External Funding
Summer
Beta/Launch DC/
Baltimore October
Launch Dallas,
Ft Worth & Chicago
2013 2014 2015
SUMMARY: EVERY PITCH HAS PURPOSE
Not to answer all possible questions, nor close immediate investment.
• Open investors minds to your vision and get them excited to know more.
• The story you craft in your Deck gets them engaged to start filling in the
blanks for themselves
You want to give enough information to grab their interest, but not too
much as to overwhelm them or have your story lose clarity & focus.
Give them enough to get excited about, but leave them wanting more.
Compelling Decks are concise, tell a story, are visual, 10-13 slides
RAL Advisory Services
RAL Advisory Services
Bill Gross, Idealab (Ted Talk-March 2015)
• Why do some succeed and some not?
• Gathered Data from hundreds of companies
• Ranked on 5 key factors
• One factor stood out as success determinant…?
• Funding
• Business Model
• Idea “Truth” Outlier
• Team Execution
• Timing
RAL Advisory Services
• Funding 14%
• Business Model 24%
• Idea “Truth” Outlier 28%
• Team Execution 32%
• Timing 42%
Factors Matter Most for Startup Success?
https://goo.gl/yFHyhu
Strive to be excellent not only in your “pitches” but in all you do!
I appreciate you taking the time to listen to what I had to share…
RAL Advisory Services
rlenniger@cox.net

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Life in the Pitch Lane by Rod Lenniger

  • 1. Life in the Pitch Lane •Stop Me if You’ve Heard This Before
  • 3. My Life In the Pitch Lane RAL Advisory Services
  • 6. RAL Advisory Services What about a Business Plan?
  • 7. RAL Advisory Services “Everybody has a plan until they get punched in the mouth…”
  • 8. Business Plans VS RAL Advisory Services ? ? Business Model Canvas https://www.youtube.com/watch?v=QoAOzMTLP5s
  • 9. Good Enough? Built from a Business Plan? Competent or Excellent? RAL Advisory Services
  • 11. Bad Pitches Can Kill Good Ideas RAL Advisory Services
  • 12. INVESTOR PITCH DECK OUTLINE 1) Elevator Pitch 2) Momentum, Traction, Expertise: Your key numbers 3) Market Opportunity: Define market size & your customer base 4) Problem & Current Solutions: What need do you fill? Other solutions 5) Product or Service: Your solution 6) Business Model: Key Revenue Streams 7) Market Approach & Strategy: How you grow your business 8) Team & Key Stakeholders (Investors, Advisors) 9) Financials 10) Competition 11) Investment: Your ‘Ask’ for funding, Basic use of fundsOptional Slides: Exit Strategy, Partnership Agreements, Product/Service Demo, Existing Sales/Clients, Your “Special Sauce” Per “Crowdfunder” RAL Advisory Services
  • 14. Dave McClure, 500 Startups
  • 17. RAL Advisory Services Gary’s 10 Slides 1. Title 2. Problem/Opportunity 3. Value Proposition 4. Underlying Magic 5. Business Model 6. Go-to-Market Plan 7. Competitor Analysis 8. Management Team 9. Financial Projections 10.Current Status (Accomplishments to date, Timeline, Use of Funds)
  • 19. RAL Advisory Services Sales ≠ Marketing How will you get your idea to market?
  • 20. Marketing ≠ Sales RAL Advisory Services
  • 21. RAL Advisory Services You Will Need a Marketing Plan
  • 22. RAL Advisory Services Software Companies Need Sales and Marketing More! • Common Misperceptions • Founders/leads come from tech- product first • Marketing seen as fluff luxury • Great products sell themselves/early adopters • …But R&D doesn’t generate income! • Marketing Reaches People You Don’t Know • Have a plan ready when time to scale up • Cant just “turn on marketing” • Who? Pain points? How to reach? • Systematic. Trial and Error. Takes time
  • 23. RAL Advisory Services The Big Boys spend more on Marketing than R&D! • Dell spends 8 times as much on G&A than R&D • 1H 2014 – HubSpot spent $9M on R&D; $33M on Sales/Marketing • 2014 – SalesForce spent 15% on R&D; 53% on sales & Marketing
  • 25. RAL Advisory Services Who’s Running this Show?
  • 26. The Management Team People and Chemistry Count! RAL Advisory Services
  • 27. Expertise Opportunity Passion X RAL Advisory Services Show You Share Focus
  • 28. Pitch Deck Examples RAL Advisory Services
  • 31. PR OB LEM Weak Inventory Management Money left on the table No single buy/ sell platform Too slow and complicated Too many middlemen Seller RAL Advisory Services
  • 32. Auction Buy Planner Inventory Management Profits SOLU TION Cloud Based – Real Time – Single Platform RAL Advisory Services
  • 33. B U SIN ESS MOD EL Uploads Inventory Auction Campaign Tools Search 10 – 15% Commission Net Proceeds 6/17/15 RAL Advisory Services
  • 34. U N D ER LYIN G MA GIC Campaign planning/ media buying tools Inventory management Collecting Payments Tracking analytics/trends Closing Sale Executes auction model RAL Advisory Services
  • 35. C O M P E T I T O R M AT R I X Features One-Stop Shop (Buy/Sell) Management System Campaign Planning Tools Available Inventory On-Line On-Line, RT Auction Near Real-Time Transactions Demographic Targeting Monetize Unsold Inventory Smart Phone Access WIP Analytics / Data Mining WIP RFP Process Not necessary 35
  • 36. Software Fully operational CURRENT STATUS, ACCOMPLISHMENTS TO DATE, TIMELINE AND USE OF FUNDS Beta testing in first niche market (Balt/Wash, DC) $$ for enhanced website front end, Marketing, SG&A $BETA Launch 2012 Software Concept Developed Digital Sign Expo Las Vegas Successful Demo’s to Inventory owners Finalize Business Plan Seek External Funding Summer Beta/Launch DC/ Baltimore October Launch Dallas, Ft Worth & Chicago 2013 2014 2015
  • 37. SUMMARY: EVERY PITCH HAS PURPOSE Not to answer all possible questions, nor close immediate investment. • Open investors minds to your vision and get them excited to know more. • The story you craft in your Deck gets them engaged to start filling in the blanks for themselves You want to give enough information to grab their interest, but not too much as to overwhelm them or have your story lose clarity & focus. Give them enough to get excited about, but leave them wanting more. Compelling Decks are concise, tell a story, are visual, 10-13 slides RAL Advisory Services
  • 38. RAL Advisory Services Bill Gross, Idealab (Ted Talk-March 2015) • Why do some succeed and some not? • Gathered Data from hundreds of companies • Ranked on 5 key factors • One factor stood out as success determinant…? • Funding • Business Model • Idea “Truth” Outlier • Team Execution • Timing
  • 39. RAL Advisory Services • Funding 14% • Business Model 24% • Idea “Truth” Outlier 28% • Team Execution 32% • Timing 42% Factors Matter Most for Startup Success? https://goo.gl/yFHyhu
  • 40. Strive to be excellent not only in your “pitches” but in all you do! I appreciate you taking the time to listen to what I had to share… RAL Advisory Services

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