SlideShare ist ein Scribd-Unternehmen logo
1 von 19
8	
  MISTAKES	
  
     	
  WHEN	
  PITCHING	
  
     	
   	
  	
  INVESTORS	
  
                         	
  Jan	
  Coppens	
  
                                19/04/12	
  
Prepara/on	
  


                                        1	
  
          Status	
  
                           8	
                      2	
         Problem	
  defini/on	
  



       You	
       7	
                                      3	
     Product	
  
                                                                    differen/a/on	
  


Go-­‐to-­‐market	
         6	
                      4	
         Business	
  model	
  
                                        5	
  
                                   Compe//on	
  
1	
  
   PreparaKon	
  


                                                                                  ss?	
  
                                                       	
  about	
  our	
  busine
                            What	
   do	
  you	
  know



                    Raising	
  Capital	
  
Limited	
  
         Partner	
     €	
     Venture	
  Capital	
  
                                    firm	
  

         Limited	
     €	
          General	
  
         Partner	
                  Partners	
             Management	
  
                                                              fee	
  
                                                   €	
  
         Limited	
  
         Partner	
  
                       €	
                    Fund	
  




Fund	
  raising	
  
Venture	
  Capital	
        €	
     Startup	
  
                                          firm	
  

                                          General	
              €	
  
                                                                         Startup	
  
                                          Partners	
  

                                                         €	
  
   •  Investment	
  strategy	
                      Fund	
       €	
     Startup	
  
   •  Deal-­‐flow	
  management	
  
   •  PorPolio	
  management	
  




Inves.ng	
  
Limited	
  
           Partner	
     €	
     Venture	
  Capital	
            Startup	
  


                         €	
  
                                      firm	
  

           Limited	
                  General	
                  Startup	
  
           Partner	
                  Partners	
  



                         €	
  
                                                          €
           Limited	
  
                                                                 Startup	
  
           Partner	
  
                                     Carried	
  
                                     Interest	
  
                                                          	
  
Exit	
  
2	
  
         Problem	
  definiKon	
  




    I	
  don’t	
  fe
                             el	
  the	
  pa
                                            in	
  

 •  Tell	
  the	
  story	
  of	
  your	
  customer	
  
 •  Show	
  current	
  solu/ons	
  do	
  not	
  cure	
  
 •  Translate	
  opportunity	
  in	
  problem	
  
 •  Proof	
  with	
  data	
  
A	
  word	
  on	
  communica/on	
  



        An	
  important	
  client	
  or	
  market	
  need	
  
“  addressed	
  by	
  a	
  unique	
  approach	
  with	
  

compelling	
  benefits	
  when	
  compared	
  against	
          “
        the	
  compe//on	
  or	
  alterna/ves	
  
3	
  
   Product	
  differenKaKon	
  

                                 Where	
  have	
  I	
  seen	
  this	
  
                                                        before?	
  

                                             Low	
  barriers	
  to	
  entry	
  for	
  
                                             Web	
  startups	
  result	
  in	
  
                                             many	
  “me	
  too”	
  products	
  
                                             	
  
                                                       Ancient	
  technology	
  
                                             	
  
                                             Lack	
  unique	
  knowhow?	
  
4	
  “
   Business	
  model	
  
                                           single	
  most	
  common	
  quesKon	
  
                    and	
  how	
  exactly	
  are	
  you	
  
                                                                                           “
                     going	
  to	
  make	
  money?	
  

                                                                       User	
  pays	
  
                                                                       Someone	
  else	
  pays	
  
                           34%	
                                       Don't	
  know	
  
                                     Business	
  
                                      model	
                52%	
  


                                14%	
  

                                          n	
  =	
  56	
  
Can	
  you	
  prove	
  what	
  you	
  claim?	
  	
  

 Example	
  of	
  real-­‐life	
  startup	
  financials	
  (Belgium)	
  
45	
                                                                                Revenu	
  
40	
                                                                                EBITDA	
  
35	
  
30	
  
           Really?	
  
25	
  
20	
  
15	
  
10	
  
 5	
  
 0	
  
           2012	
          2013	
           2014	
          2015	
       2016	
  
5	
  
                                   CompeKKon	
  

                                                                                          You	
  don’t	
  understand	
  
                                                                                                      your	
  market	
  
                                           Typical	
  compe//on	
  analysis	
  

                                                       Other	
                          YOU	
  
                          	
  Strong	
  




                                                      startup	
  


                                               Google	
  
  Something	
  else	
  




                                                                               Apple	
                   Missing	
  link	
  to	
  
                                                                                                       customer	
  priori/es	
  
                          	
  




                                                                                Someone	
  
                                                   Radom	
  
                                                                                you	
  found	
  
                                                 companies	
  
                                                                                on	
  Google	
  
                          Weak




                                                  in	
  same	
  
                                                    space	
  



                                                 Weak               	
           	
  Strong	
  
                                                               Something	
  
6	
  
   Go-­‐to-­‐market	
  

                                        How	
  will	
  you	
  reach	
  your	
  
                                                          customers?	
  

                                                   •  What	
  is	
  your	
  compe//ve	
  
    B2C	
                                             advantage	
  to	
  reach	
  your	
  
    31%	
                                             customers?	
  
              Customer	
  
                type	
                             •  How	
  are	
  you	
  going	
  to	
  
                                      B2B	
  
                                      69%	
  
                                                      make	
  this	
  repeatable	
  and	
  
                                                      scalable?	
  

                   n	
  =	
  54	
  
7	
  
   You	
  
You	
  need	
  a	
  right	
  team	
  size,	
  …	
  	
  




                                   “    Solo	
  founders	
  take	
  
                                                                    “
                                        3.6x	
  longer	
  to	
  reach	
  
                                               scale	
  stage	
  
                                                  Startup	
  Genome	
  report	
  
…and	
  the	
  right	
  set	
  of	
  skills	
  



                                         •  Technical	
  vs.	
  business	
  
                                         •  Thinker	
  vs.	
  doer	
  
                                         •  INTP	
  vs.	
  ESFJ	
  
                                         •  Etc.	
  




Commandos	
  1998	
  
8	
  
   Status	
  




                Does	
  it	
  exist	
  
                  outside	
  of	
  
                 your	
  head?	
  
Thanks	

Mail:	
       jan.coppens@ibbt.be	
  
Twider:	
   @jgcoppens	
  
Linkedin:	
   linkedin.com/in/jancoppens	
  

Weitere ähnliche Inhalte

Andere mochten auch

Business Models & Pitching Investors
Business Models & Pitching InvestorsBusiness Models & Pitching Investors
Business Models & Pitching Investors
VisualBee.com
 
How to present your business plan to investors
How to present your business plan to investorsHow to present your business plan to investors
How to present your business plan to investors
Prajakt Raut
 

Andere mochten auch (12)

Tips on Presenting a Start-up
Tips on Presenting a Start-upTips on Presenting a Start-up
Tips on Presenting a Start-up
 
053 140930 fti how to present your idea to your future investor_slide share
053 140930 fti how to present your idea to your future investor_slide share053 140930 fti how to present your idea to your future investor_slide share
053 140930 fti how to present your idea to your future investor_slide share
 
Pitching To Investors - Presenting for Results
Pitching To Investors - Presenting for ResultsPitching To Investors - Presenting for Results
Pitching To Investors - Presenting for Results
 
Pitching Investors & Other Nightmares
Pitching Investors & Other NightmaresPitching Investors & Other Nightmares
Pitching Investors & Other Nightmares
 
Pitching Skills (Pitching to Investors) - by Hristo Neychev
Pitching Skills (Pitching to Investors) - by Hristo NeychevPitching Skills (Pitching to Investors) - by Hristo Neychev
Pitching Skills (Pitching to Investors) - by Hristo Neychev
 
Funding Roadmap - Pitching to Investors
Funding Roadmap - Pitching to InvestorsFunding Roadmap - Pitching to Investors
Funding Roadmap - Pitching to Investors
 
Business Models & Pitching Investors
Business Models & Pitching InvestorsBusiness Models & Pitching Investors
Business Models & Pitching Investors
 
Pitching Investors Effectively
Pitching Investors EffectivelyPitching Investors Effectively
Pitching Investors Effectively
 
Pitching To Investors v1.1 Includes Resources
Pitching To Investors v1.1 Includes ResourcesPitching To Investors v1.1 Includes Resources
Pitching To Investors v1.1 Includes Resources
 
How to present your business plan to investors
How to present your business plan to investorsHow to present your business plan to investors
How to present your business plan to investors
 
Prior to Your Pitch - 4 things to consider before presenting your #Startups t...
Prior to Your Pitch - 4 things to consider before presenting your #Startups t...Prior to Your Pitch - 4 things to consider before presenting your #Startups t...
Prior to Your Pitch - 4 things to consider before presenting your #Startups t...
 
How To Make The Perfect Startup Pitch Deck
How To Make The Perfect Startup Pitch DeckHow To Make The Perfect Startup Pitch Deck
How To Make The Perfect Startup Pitch Deck
 

Ähnlich wie 8 Mistakes when Pitching Investors

Considerations On Biotech And Medtech Fundraising
Considerations On Biotech And Medtech FundraisingConsiderations On Biotech And Medtech Fundraising
Considerations On Biotech And Medtech Fundraising
EstherMM
 
William Blair Growth Stock Conference
William Blair Growth Stock ConferenceWilliam Blair Growth Stock Conference
William Blair Growth Stock Conference
finance7
 
business Plan - GPS
business Plan - GPSbusiness Plan - GPS
business Plan - GPS
Satyajit Das
 
I Minds2009 Alex Brabers (Gimv) Partnering With A Venture Capitalist An En...
I Minds2009 Alex Brabers (Gimv)   Partnering With A Venture Capitalist  An En...I Minds2009 Alex Brabers (Gimv)   Partnering With A Venture Capitalist  An En...
I Minds2009 Alex Brabers (Gimv) Partnering With A Venture Capitalist An En...
imec.archive
 

Ähnlich wie 8 Mistakes when Pitching Investors (20)

Executive Summary StartUp@Singapore
Executive Summary StartUp@SingaporeExecutive Summary StartUp@Singapore
Executive Summary StartUp@Singapore
 
8 mistakes when pitching investors
8 mistakes when pitching investors8 mistakes when pitching investors
8 mistakes when pitching investors
 
Considerations On Biotech And Medtech Fundraising
Considerations On Biotech And Medtech FundraisingConsiderations On Biotech And Medtech Fundraising
Considerations On Biotech And Medtech Fundraising
 
How Sales Teams Succeed
How Sales Teams SucceedHow Sales Teams Succeed
How Sales Teams Succeed
 
William Blair Growth Stock Conference
William Blair Growth Stock ConferenceWilliam Blair Growth Stock Conference
William Blair Growth Stock Conference
 
Pardot Elevate 2012 - Marketing Strategies and Tactics of Top Performers
Pardot Elevate 2012 - Marketing Strategies and Tactics of Top PerformersPardot Elevate 2012 - Marketing Strategies and Tactics of Top Performers
Pardot Elevate 2012 - Marketing Strategies and Tactics of Top Performers
 
How to finance my company or startup
How to finance my company or startupHow to finance my company or startup
How to finance my company or startup
 
business Plan - GPS
business Plan - GPSbusiness Plan - GPS
business Plan - GPS
 
Innovation Competitions Fei Ricardo Dos Santos May 16 12
Innovation Competitions Fei Ricardo Dos Santos May 16 12Innovation Competitions Fei Ricardo Dos Santos May 16 12
Innovation Competitions Fei Ricardo Dos Santos May 16 12
 
Ecosystem Environment for Starting a Semiconductor Company
Ecosystem Environment for Starting a Semiconductor CompanyEcosystem Environment for Starting a Semiconductor Company
Ecosystem Environment for Starting a Semiconductor Company
 
AlAdInn Ventures 2012
AlAdInn Ventures 2012AlAdInn Ventures 2012
AlAdInn Ventures 2012
 
I Minds2009 Alex Brabers (Gimv) Partnering With A Venture Capitalist An En...
I Minds2009 Alex Brabers (Gimv)   Partnering With A Venture Capitalist  An En...I Minds2009 Alex Brabers (Gimv)   Partnering With A Venture Capitalist  An En...
I Minds2009 Alex Brabers (Gimv) Partnering With A Venture Capitalist An En...
 
Telecom Business Advisory Initial Meeting
Telecom Business Advisory   Initial MeetingTelecom Business Advisory   Initial Meeting
Telecom Business Advisory Initial Meeting
 
Different Types of Entrepreneurship - Entrepreneurship 101 (2012/2013)
Different Types of Entrepreneurship - Entrepreneurship 101 (2012/2013)Different Types of Entrepreneurship - Entrepreneurship 101 (2012/2013)
Different Types of Entrepreneurship - Entrepreneurship 101 (2012/2013)
 
What Business Are You Really In (4 21 09)
What Business Are You Really In (4 21 09)What Business Are You Really In (4 21 09)
What Business Are You Really In (4 21 09)
 
SPC Intro Deck
SPC Intro DeckSPC Intro Deck
SPC Intro Deck
 
Different Types of Entrepreneurship - Entrepreneursip 101
Different Types of Entrepreneurship - Entrepreneursip 101Different Types of Entrepreneurship - Entrepreneursip 101
Different Types of Entrepreneurship - Entrepreneursip 101
 
Payvision corporate presentation_v4.9
Payvision corporate presentation_v4.9Payvision corporate presentation_v4.9
Payvision corporate presentation_v4.9
 
Scott Cook Software 2005
Scott Cook Software 2005Scott Cook Software 2005
Scott Cook Software 2005
 
Copp 4 Profit:How to reduce operating costs
Copp 4 Profit:How to reduce operating costsCopp 4 Profit:How to reduce operating costs
Copp 4 Profit:How to reduce operating costs
 

Kürzlich hochgeladen

Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 

Kürzlich hochgeladen (20)

HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 

8 Mistakes when Pitching Investors

  • 1. 8  MISTAKES    WHEN  PITCHING        INVESTORS    Jan  Coppens   19/04/12  
  • 2. Prepara/on   1   Status   8   2   Problem  defini/on   You   7   3   Product   differen/a/on   Go-­‐to-­‐market   6   4   Business  model   5   Compe//on  
  • 3. 1   PreparaKon   ss?    about  our  busine What   do  you  know Raising  Capital  
  • 4. Limited   Partner   €   Venture  Capital   firm   Limited   €   General   Partner   Partners   Management   fee   €   Limited   Partner   €   Fund   Fund  raising  
  • 5. Venture  Capital   €   Startup   firm   General   €   Startup   Partners   €   •  Investment  strategy   Fund   €   Startup   •  Deal-­‐flow  management   •  PorPolio  management   Inves.ng  
  • 6. Limited   Partner   €   Venture  Capital   Startup   €   firm   Limited   General   Startup   Partner   Partners   €   € Limited   Startup   Partner   Carried   Interest     Exit  
  • 7. 2   Problem  definiKon   I  don’t  fe el  the  pa in   •  Tell  the  story  of  your  customer   •  Show  current  solu/ons  do  not  cure   •  Translate  opportunity  in  problem   •  Proof  with  data  
  • 8. A  word  on  communica/on   An  important  client  or  market  need   “ addressed  by  a  unique  approach  with   compelling  benefits  when  compared  against   “ the  compe//on  or  alterna/ves  
  • 9. 3   Product  differenKaKon   Where  have  I  seen  this   before?   Low  barriers  to  entry  for   Web  startups  result  in   many  “me  too”  products     Ancient  technology     Lack  unique  knowhow?  
  • 10. 4  “ Business  model   single  most  common  quesKon   and  how  exactly  are  you   “ going  to  make  money?   User  pays   Someone  else  pays   34%   Don't  know   Business   model   52%   14%   n  =  56  
  • 11. Can  you  prove  what  you  claim?     Example  of  real-­‐life  startup  financials  (Belgium)   45   Revenu   40   EBITDA   35   30   Really?   25   20   15   10   5   0   2012   2013   2014   2015   2016  
  • 12.
  • 13. 5   CompeKKon   You  don’t  understand   your  market   Typical  compe//on  analysis   Other   YOU    Strong   startup   Google   Something  else   Apple   Missing  link  to   customer  priori/es     Someone   Radom   you  found   companies   on  Google   Weak in  same   space   Weak    Strong   Something  
  • 14. 6   Go-­‐to-­‐market   How  will  you  reach  your   customers?   •  What  is  your  compe//ve   B2C   advantage  to  reach  your   31%   customers?   Customer   type   •  How  are  you  going  to   B2B   69%   make  this  repeatable  and   scalable?   n  =  54  
  • 15. 7   You  
  • 16. You  need  a  right  team  size,  …     “ Solo  founders  take   “ 3.6x  longer  to  reach   scale  stage   Startup  Genome  report  
  • 17. …and  the  right  set  of  skills   •  Technical  vs.  business   •  Thinker  vs.  doer   •  INTP  vs.  ESFJ   •  Etc.   Commandos  1998  
  • 18. 8   Status   Does  it  exist   outside  of   your  head?  
  • 19. Thanks Mail:   jan.coppens@ibbt.be   Twider:   @jgcoppens   Linkedin:   linkedin.com/in/jancoppens