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SMU BPC Presentation Workshop. Felipe Mendoza Aristos Ventures fmendoza @ aristosventures.com. 1. SMU Business Plan Competition: Important Dates & Rules. www.smubpc.org for schedule, rules, and link to YouTube pitches 1/25 Full Plans due 2/1 Business Plan Competition 1:00-4:00
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SMU BPC Presentation Workshop Felipe Mendoza Aristos Ventures fmendoza@aristosventures.com 1
SMU Business Plan Competition: Important Dates & Rules www.smubpc.org for schedule, rules, and link to YouTube pitches 1/25 Full Plans due 2/1 Business Plan Competition 1:00-4:00 Crum Auditorium in Collins Over $30,000 in Cash and In-Kind Prizes Rules: 25 pages including appendices with 1” margins and 12 point font or greater. 15 minutes to present with 10 minutes of Q&A.
What's the concept? Who is the customer? What's the big problem (or opportunity) and how do you solve it? What does the product help the customer do? What’s progress to date? Is there traction and proof it works? Who’s the team and what are their past successes? Sources/Uses of the raise and how much. What You Want to Get Across 3 Derived from Babak Nivi and Mark Suster blogs
The FULL Pitch Main Components: Company Overview Markets and Customers Customer Validation Competitive Advantage How Long Can You Maintain it Strong Management Team with Proven Record to Execute Financial Highlights 4
What Guy Kawasaki says: Have 10 Slides Problem Your solution Business model Underlying magic/technology Marketing and sales Competition Team Projections and milestones Status and timeline Summary and call to action 5
Example Pitch Deck Mint.com is a free web-based personal financial management service for the US and Canada founded in 2006. In 2009, Intuit acquired Mint for $170 million Here’s the publicly available pitch deck from 2007: 6
Analogies Help. The First thing an Investor Hears is the Last thing he Remembers. Tell them what you do in the first sentence. Simplify the “Technology” (Pitch to Mom). Investors can be Techies or Finance People. KISS (keep it simple, stupid) Minimize Buzz Words. Show your Enthusiasm and Excitement. You’re selling the company/idea/team. Keep This in Mind… 7
Know the Audience and Match Pitch to them. Address the Pain Points or Predictable Surprises (burn rate, need for CEO or key employees). Talk about Risk Mitigation: Development risk, Marketing risk, etc. Your Product Must be Substantially Better than Incumbent to Mitigate Customer Risk of Buying from You. Ask for the Money You Need and What You will do with It. In the End, Just Tell a Good Story …and Remember This: 8
Tips and Tricks • Charts and Graphs are Indeed Worth a 1000 Words (bullets and numbering are bad). • Have Backup Slides you can go to during the Q&A. • Of Team, Technology (product), and Market, Team is the Most Important. Emphasize how you can execute. • Saying you don’t know is ok, but then follow up with how you would come up with the answer. • Show your Enthusiasm and Excitement. You’re selling the company/idea/team.
Thank you Felipe Mendoza Aristos Ventures fmendoza@aristosventures.com 10