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why you need to find a mentor for your startup

why you need to find a mentor for your startup | Pitch it! | Scoop.it

“And that is how we’re going to get to $25-million in revenue within 18 months!” 


I bit my lip and scratched my head. Sitting opposite me was a small business owner with over 10 years experience in his industry. By all outward appearances he seemed to know what he was talking about. However, there was a huge disconnect between the realities of business and his vision for the future. 

To read the full article, click on the image or title.



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Via Justin Jones
Marc Kneepkens's insight:

Even if you don't need a mentor and you are successful, get one. At least one. It's great to have different perspectives.

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JunoPark's curator insight, May 30, 2014 12:29 AM

why you need to find a mentor for your startup | @scoopit via @2JustinJones

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Startups, Entrepreneurs, be better informed before you 'Pitch it'!
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7 Amazing Ways To Get Your Startup Funded | StartUs Magazine

7 Amazing Ways To Get Your Startup Funded | StartUs Magazine | Pitch it! | Scoop.it

Having trouble getting your startup funded? Follow these 7 easy steps and see for yourself how every investor will want to work with you.

If only there was a magic formula that would get your business started right away! Unfortunately, there is no such thing and if you are thinking about opening your own startup, you are in for one long, sometimes tiring process!

They say that good things come to those who wait. Actually, good things come to those who work day-to-night and bring their passion into everything they are do. Then again, isn’t this the beauty of this whole journey? As overwhelming as the road might feel, there is no greater accomplishment, than knowing that you have managed to complete it.

Now, even if we are unable to give you that drop of magic, we can provide you with some advice on how to find funding for your startup. There are so many options of doing it that for an inexperienced person, it may seem both confusing and overwhelming. Read more: click image or title.

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com

 

 

 

Marc Kneepkens's insight:

Or, rather, 7 steps to get your #startup funded.

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Rethinking The Accelerator: What You’ll Achieve At 500 Startups

Rethinking The Accelerator: What You’ll Achieve At 500 Startups | Pitch it! | Scoop.it

Before Avanoo arrived at 500, they were making about $2,000 a month selling self-help videos. But after a spell of stardom on Reddit, their social marketing channels had pretty much dried up. As cofounder Daniel Jacobs put it, “you can only do so many #1 posts before the Reddit people want to throw pitchforks at you.”

They had a plan to move from consumer to B2B and pivot from self-help into ongoing employee education for large corporations, but they were having trouble starting conversations with the execs they needed to reach. That’s when Jacobs and his cofounder got accepted to Batch 12. Less than six months later, Avanoo was an enterprise company worth $15M.

Avanoo’s success wasn’t about changing anything about their product or their plan. It was about taking the success they had already achieved and compounding it through rapid iteration, pushing forward through every failure: Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com

Marc Kneepkens's insight:

"We want to help more companies in that same way, and that’s why we’ve recently re-oriented the #accelerator around #growth. We’re working with companies ready to #scale rather than focusing on companies in the pre-product or idea stage. And we’re modifying our accelerator schedule to cultivate more intense, productive relationships between companies and their growth coaches."

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Doing a TED Talk: The Full Story - Wait But Why

Doing a TED Talk: The Full Story - Wait But Why | Pitch it! | Scoop.it
In August of 2015, I was invited to give a TED Talk. Here's the full (very stressful) story.

You’ve probably heard this Seinfeld joke:

According to most studies, people’s number one fear is public speaking. Number two is death. Death is number two. Does that sound right? This means to the average person, if you go to a funeral, you’re better off in the casket than doing the eulogy.

Knowing humans, this shouldn’t be that surprising. I’ve mentioned before that we all have this problem where we’re weirdly obsessed with what other people think of us, so it makes sense that public speaking should be our collective phobia.

But then we also live in a world where public speaking can happen to any of us at any time. Even if you never give an official “talk,” there’ll be some other time when you have to give a big toast at a wedding or present in front of a big group at work or speak at a funeral or some other ceremony. Very few of us are safe.

Over the last couple years, as I’ve done a small amount of Wait But Why-related public speaking, I’ve been able to slowly get over the fear. I’ve learned that if you just be yourself and talk like you normally do, it’s usually received well by the audience, even if you’re clearly nervous.

And that was all fine until August of 2015, when I was invited to do a TED Talk. Read more: click image or title.

 

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Marc Kneepkens's insight:

Ever wondered what it's like to do a #TED talk? And what exactly is TED and what is the story? This article gives you the complete rundown, including having to go there and actually do it. Great article.

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What Startup Accelerators Really Do

What Startup Accelerators Really Do | Pitch it! | Scoop.it
Here’s what we know.

The well-advertised boom in startups and venture capital in recent years has coincided with the emergence of new players in startup ecosystems. One of these, startup accelerators, has received a great deal of attention but also little scrutiny. Moreover, they are commonly misunderstood or mistakenly lumped in with other institutions supporting early-stage startups, such as incubators, angel investors, and early-stage venture capitalists.

In a recent analysis published by the Brookings Institution, I tackle some of the confusion around startup accelerators by laying out a clearer picture of what they do, and how they differ from other early-stage institutions. I also provide a review of the research literature on the effectiveness of accelerators to achieve their stated aims, some best practices for accelerator programs, and some figures on the size, scope, and impact of these organizations in the United States.

Accelerators are playing an increasing role in startup communities throughout the United States and beyond. Early evidence demonstrates the significant potential of accelerators to improve startups’ outcomes, and for these benefits to spill over into the broader startup community. However, the measurable impact accelerators have on performance varies widely among programs — not all accelerators are created equally. Quality matters. Read more: click image or title.

 

FREE Business Plan Template: http://bit.ly/1aKy7km

Marc Kneepkens's insight:

Get clear on #accelerators, are they for you?

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The Truth About Startup Accelerators

The Truth About Startup Accelerators | Pitch it! | Scoop.it
Accelerators are growing rapidly across the U.S. But does that mean governments should get involved?

Cities have long sought to bolster their innovative and entrepreneurial capacities. In an effort to spur startup activity, many U.S. urban areas have developed tech centers and innovation districts, lured venture capital funds, and launched incubator programs and facilities.

The latest trend in the tech startup economy is the creation of so-called “accelerators,” which act like a Shark Tank school for startups, providing access to mentors and peers along with space and venture funding. Perhaps the best-known accelerator is Y Combinator—established by Paul Graham in 2005 and based in the Silicon Valley—which has launched some 940 companies including Airbnb, Dropbox, and Reddit. Yet another popular example is Techstars—founded in 2006 in Boulder, Colorado—which now sponsors 21 accelerators across the world.

...

Hathaway finds that companies that had recently completed or were in the midst of completing accelerator programs had a median valuation of $5.1 million and an average valuation of $7.1 million. Companies that went on to raise even more venture capital, however, had a median valuation of $15.6 million and an average valuation of $90 million. In 2015 alone, these figures were valued at $30 million and $196 million, respectively. Read more: click image or title.


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Marc Kneepkens's insight:

There is an #accelerator near you. Take advantage of it.

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Giving a Presentation? Three Ways to Leave Your Fingerprint

Giving a Presentation? Three Ways to Leave Your Fingerprint | Pitch it! | Scoop.it

I’ll never forget my first speech. 

I’ll never forget my first speech. It was 1964 in Cooperstown, NY, and I was a 29-year-old project manager at GE who’d been asked to present a new plastics venture to a group of 300 high-level corporate types. Weeks beforehand, I meticulously wrote out every word I was going to say, and practiced reading it out loud what felt like a thousand times. Regardless, my rank inexperience in front of a crowd, combined with my self-consciousness about my lifelong stammer, made me a complete wreck, and without getting specific, let’s just say I spent a lot of time “feeling ill” the day of the big event, which ended up being, as you might imagine, an exercise in endurance for both me and the audience. I stunk.Today, giving a speech or a presentation is one of the most fun things I do in life. I love it, and having been out in front of more than one million people in audiences around the world in the past fifteen years, I’d like to think I’ve come a long way toward getting it right. At the same time, I’ve come to believe a person’s skill in public speaking – be it in front of a crowd of 1,000 strangers or a meeting with five close associates – is more essential than ever. Making your case in writing is increasingly a thing of the past. You are what you say; your communication approach is your fingerprint, both professional and personal. I believe this so deeply, in fact, that we now dedicate much of a semester to effective presentations at the Jack Welch Management Institute.Now, hundreds of books and articles, if not more, have been written about the “art of public speaking,” so I know I’m not inventing gravity here. But from a very personal perspective, allow me to share my three rules of success. Read more: click image or title.Get your Free Business Plan Template here: http://bit.l/1aKy7km
Via THE *OFFICIAL ANDREASCY*
Marc Kneepkens's insight:
Jack #Welch about speaking in public. He gives three simple rules to convey the message and keep your #public interested.
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10 Answers That Will Make Your Startup Plan Worthy of Investment

10 Answers That Will Make Your Startup Plan Worthy of Investment | Pitch it! | Scoop.it
Having all the answers when you pitch investors will lead them to ask only one question: ""How soon can I sign up?"

Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. You may be quick on your feet with answers, but if investors have to ask any of these questions, you raise the specter of hiding something, or of not being astute enough to know what’s important.

Either of these qualms can ultimately sidetrack your startup as not worthy of investment, so it pays to do your homework on what you say and how to communicate effectively. As a startup advisor and investor, I recommend a pitch deck with about 10 slides backed up with a written business plan of approximately 20 pages, both containing quantified answers to the following key questions. Read more: click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Brief overview of how to prepare your #investor #pitch.



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Top Three Pitch Presentation Tips for Tech Startups

Top Three Pitch Presentation Tips for Tech Startups | Pitch it! | Scoop.it

You’re standing in the hallway with a group of fellow entrepreneurs; everyone is nervous, yet pretending not to be.

In the room next door, 400 people sit awaiting your appearance on the main stage. You are sixth in the line to give a two-minute pitch to the 800 eyeballs looking in your direction.

Do you have a clicker for the PowerPoint? Are you ready for the Q&A section afterwards? Should you rely on your note cards or try to do it from memory?

Just to add to your nerves, your phone is buzzing in your pocket. Will you check it now, or might it throw you off? Wait..where is the closest bathroom???



Get your Free Business Plan Template here: http://bit.l/1aKy7km


Via Pantelis Chiotellis
Marc Kneepkens's insight:

How do you get yourself under control before delivering your #pitch to an audience? Here are some interesting tips. I especially like 3.

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PM Modi’s Startup India Plan: 3 Years Tax Holiday and Rs. 10,000 Crore Fund for Startups

PM Modi’s Startup India Plan: 3 Years Tax Holiday and Rs. 10,000 Crore Fund for Startups | Pitch it! | Scoop.it

Prime Minister Narendra Modi on Saturday unveiled the ambitious ‘Startup India’ initiative to boost startup businesses and digital entrepreneurship in India.

He announced the salient features of the plan at the Vigyan Bhawan auditorium, New Delhi.

A few significant features of the plan are as follows: To read more: click image or title.




Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com


Marc Kneepkens's insight:

More #seedfunding available for #startups in #India.

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5 Heavy-hitting corporate venture funds honing in on the Internet of Things- Postscapes

5 Heavy-hitting corporate venture funds honing in on the Internet of Things- Postscapes | Pitch it! | Scoop.it

5 Heavy-hitting corporate venture funds honing in on the Internet of Things - A closer look at Internet of Things corporate VC funds -

Traditionally larger companies have shown their interest in innovative start-ups through simply acquiring them. Today global corporations are teaming up or going head to head with traditional tech VC's to back the companies at different stages of their growth. Able to use their bank rolls and extensive partner networks to bring ideas to reality for similar types of companies while achieving their same strategic goals of helping their internal departments innovative and distributing their R&D costs.

 Here are five CVC funds targeting the IoT to keep your eye on:

Read more: click image or title.




Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com



Via Pierre Casanova
Marc Kneepkens's insight:

#CorporateFunding is a smart route to get #funding for your #startup. It comes with many advantages.

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A New Year, a New Visme: Looking Back and Looking Ahead

A New Year, a New Visme: Looking Back and Looking Ahead | Pitch it! | Scoop.it

A new Visme is coming. A teasier into how Visme was born and what we are doing to help anyone become a better presenter, communicator and story teller

It’s complicated.”

“Sounds neat, but I doubt it will work.”

For the last two years, we’ve heard these phrases from people who didn’t believe a self-funded startup with a big vision could create a footprint in the hyper-competitive world of content innovation.

Today, I’m here to say that it can–because we’re doing it.  

Visme was launched in late 2013 as a simple tool to initially help users create short animations, with a mere 700 beta users.

Fast forward to 2016:

Visme has evolved into an all-in-one visual content tool used by more than 300,000 users in over 60 countries to create interactive presentations and infographics that can be easily shared online or downloaded.




Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

A #startup with a great idea for #visual #content tools and #animation. Nice success story.

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Pitch, Please: 14 Must-Read Pitch Lessons Every Startup Founder Should Know

Pitch, Please: 14 Must-Read Pitch Lessons Every Startup Founder Should Know | Pitch it! | Scoop.it

A few reasons you won’t raise money:

  1. Your business isn’t the right fit for VC (which is totally OK!)
  2. You business could be interesting to VC, but you have nothing yet. Stop pitching, and focus on building a solid business that solves a big problem, getting customers, and assembling a great team.
  3. You’re not talking to the right investors, or you may live in a city without a mature ecosystem that supports early stage companies, or…..
  4. Your pitch sucks, and you can’t tell your story on stage or on the fly.  

I can help with the last one.

Building a great business is more important than a great pitch, but if you don’t know how to tell your story, you probably don’t understand what is most interesting about your business. This problem affects more than just fundraising.

The hardest part about pitching is that it’s not about you. It’s a delicate balance between being authentically who you are, but more so focusing on what is important to your audience. This is what I help founders understand. Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com



Via marcduke
Marc Kneepkens's insight:

Another great article on how to pitch and the reasons VC's want to see to #finance you.

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Google launches a 6-month accelerator to help startups build mobile products

Google launches a 6-month accelerator to help startups build mobile products | Pitch it! | Scoop.it

Google has joined the ranks of Y Combinator, 500 Startups, and Techstars in launching an accelerator, something that you wouldn’t necessarily expect from the technology giant. The program is built on the company’s Launchpad initiative and is a long-term engagement with select startups from around the world to give them the best resources, access to great mentors, and help accelerating their product. Read more: click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km


Marc Kneepkens's insight:

Another #accelerator, this time from #Google.

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4 Types Of Startup Stories To Win Investors

4 Types Of Startup Stories To Win Investors | Pitch it! | Scoop.it

Investment decisions are supposed to be based on rational analysis. But don't discount the power of a compelling narrative to engage a funder emotionally.

Like many technology entrepreneurs, I'm more comfortable with logic than storytelling. But entrepreneurs need to be able to tell an engaging story to attract capital and advice from investors.

The gap between many entrepreneurs' weak storytelling skills and the high demand for that ability is so often seen that one venture-capital firm, Greylock Partners, hired Elisa Schreiber, a marketing partner to help the firm's entrepreneurs to tell their stories more effectively.

As she wrote in Fortune, "I work closely with entrepreneurs to help them shape their company’s communications strategies. No matter the sector, I have found that the organizations who effectively tell their stories are the ones who can recruit the top talent, acquire long-term customers, and build brands that endure." Read more: click image or title.

 

Get your Free Business Plan Template here: http://bit.l/1aKy7km


Via Karen Dietz, THE *OFFICIAL ANDREASCY*
Marc Kneepkens's insight:

Packaging your #funding request is not just about numbers. You're dealing with humans who have emotions. Tell a great #story.

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Karen Dietz's curator insight, April 19, 12:48 PM

Just yesterday I finished putting together a storytelling program for startups to create their pitch deck. Lots of specific stories are needed in order to create a winning pitch to venture capitalists.

 

Then today this post pops up on my screen. Talk about serendipity! What I like about the article are the 4 story types that a startup can take. Each startup story is unique, yet typically falls into one of these 4 story types.

 

What I don't like about the article is that the original title is "4 Keys To Crafting A Winning Startup Story". It sounds like you are going to get tips for crafting your startup story. The article isn't about that, but it does lay out the 4 types very well.

 

If your are struggling with your startup story, this post will definitely help you. Which story type fits you best?

Rescooped by Marc Kneepkens from Public Relations & Social Media Insight
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20 Hot Tips On How To Write the Perfect Pitch

20 Hot Tips On How To Write the Perfect Pitch | Pitch it! | Scoop.it

Raise your hand if you want to know a perfect method of landing a guest post, article, or even the perfect job.

 

If you know how to write the perfect pitch, you’re on the path to success.

 

It took me a while to realize that I’m really good at writing pitches. I don’t think I’ve ever had a guest proposal refused.

 

And of course, I’ve received hundreds of guest proposals here at WritetoDone. Some great and many abysmal. So I know a thing or two about writing pitches.

 

The key to a successful pitch is honesty and respect. With your pitch, you are building a bridge to another human being. And that bridge can only carry weight if it’s built with integrity.... Read more: click image or title.

 

 

Get your Free Business Plan Template here: http://bit.l/1aKy7km


Via Jeff Domansky
Marc Kneepkens's insight:

Whether you #pitch a client, an investor, or a crowd, there are simple guidelines on how to do it right.

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Jeff Domansky's curator insight, April 5, 10:56 AM

Want to know how to write the perfect pitch? We've found it in this post by Mary Jaksch! Recommended reading.  9/10

Rescooped by Marc Kneepkens from Startup - Growth Hacking
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How to Raise Money Without Begging Investors

How to Raise Money Without Begging Investors | Pitch it! | Scoop.it

Check out these different ways to raise money for your startup idea.

Trying to generate funds for your new business idea, especially an attempt to raise money online, is fiercely competitive and can easily become discouraging -- if you let it. But as we all know, the most tenacious and driven entrepreneurs are most likely to succeed.

Approaching VCs and angel investors with your pitch is one way to get funded, but what's the next step if it's not panning out? Check out these 3 ways to raise money without begging investors to give you a shot. Read more: click image or title.

 

Get your Free Business Plan Template here: http://bit.l/1aKy7km


Via Pantelis Chiotellis
Marc Kneepkens's insight:

This #ounder is sharing some great experience for the #funding process.

 

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ventureLAB's curator insight, March 8, 2:02 PM

This #ounder is sharing some great experience for the #funding process.

 

Rescooped by Marc Kneepkens from The Intelligent Network to Acquire, Sell or Finance Private Companies
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Tools Required To Raise Venture capital

Tools Required To Raise Venture capital | Pitch it! | Scoop.it

Capital raising is an important chapter in almost every entrepreneur’s life. To turn the dream business idea into reality, entrepreneurs try out various tools to raise capital for their startups although the capital raised is often not enough to support complete growth and expansion. This results in the need for further rounds of financing. However, Venture capital is one such source which can provide the entrepreneurs with the maximum amount of capital though raising venture capital is the toughest job for the entrepreneurs. There are many things that the entrepreneurs need to take care of while venture capital raising and these are nothing but the fundamental tools to raise capital. The first and the most important thing is, to decide what you want and how much you want.


Read more information visit at: https://mergeralpha1.wordpress.com/2014/11/13/tools-required-to-raise-venture-capital/



Get your Free Business Plan Template here: http://bit.l/1aKy7km




Via Merger Alpha
Marc Kneepkens's insight:

#VentureCapital is the most difficult way to #fundraising. Find some good tips in this article.

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10 Tips to Become a Master Presenter and Move a Room

10 Tips to Become a Master Presenter and Move a Room | Pitch it! | Scoop.it

Got an important presentation coming up at work? Want to nail that perfect pitch? You’re in luck because today, we’ve got some hot presentation tips for you.

Enjoy!

How to Become a Master Presenter and Move a Room

1. Know your audience’s pain

Before anything, you want to connect with your audience. You want to know their deepest pain points.



Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Great tips, well thought out. #Presenting is not easy, these ideas will definitely help make your presentation better.

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This Nigerian scam is literally out of this world

This Nigerian scam is literally out of this world | Pitch it! | Scoop.it
Nigerian scams aren’t new. For as long as we've had email, we've had princes claiming millions of dollars are ready for you to claim. They're right there with emails boasting free lottery numbers and ads for sexual enhancement pills.

Except this one.

In this next-level bit of scamming, a man is asking for a mere $3 million to rescue a Nigerian astronaut (no need to adjust your screen) who was left behind — a la Matt Damon — by those awful Russians. The original email was published, in full, at Anorak.

Read the whole article, including the original email, click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Hahahahahahaha. We're all bombarded with #scam emails, most often by #Nigerians. This one is just too good not to share. Hahahahahaa.

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10 key pitching tips for future success... - Tech2Brand

10 key pitching tips for future success... - Tech2Brand | Pitch it! | Scoop.it

Over the next 12 months, many start-ups will be involved in high pressure 'pitching' competitions, here are my 10 key tips for succeeding when you next compete.

As a start-up, over the next 12 months, you will be involved in high pressure ‘pitch’ competitions, Whether your pitch needs to be 1 minute, 5 minutes or 20 minutes, it is crucial that you get it right ‘first time’ if you want to succeed.

Having been a judge on numerous competitions, I have seen many pitches fail, not because the tech wasn’t right, but due to small errors occurring (eg. pitch running over time, videos not working on the day, formatting on the slides different to what was originally submitted).  Unfortunately, these small inconveniences, can be THE difference between success and failure on the day.

To ensure that you don’t make the same mistake as others before you, please find detailed below 10 key ‘pitching tips’ for future success:

Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com


Via marcduke
Marc Kneepkens's insight:

Never done an #investor #pitch before? Take a look at these tips. Good advice.

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What Investors Want - Visible.vc

What Investors Want - Visible.vc | Pitch it! | Scoop.it
Figuring out what a VC investor wants is crucial for the success of your startup fundraising round.

With the number of places available to gather information on how VCs invest – Mattermark and CB Insights on the paid side, Crunchbase and Angelllist for the burn conscious – it is no longer difficult to understand who you should be trying to raise money from.

Want to know who most prolific early stage FinTech investors are, for example? LMGTFY…the first result from CB Insights gives you a good starting point. Great! So it looks like 500Startups is very active in the space but they are a big firm, who should I be reaching out to there? Well…a second Google search might lead to something like this. Read more: click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km
or check out the Growthink product line to get funded by VC's or angel investors: http://www.business-funding-insider.com/growthink-products.html


Marc Kneepkens's insight:

How to approach the right #investor or #VC.

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Marc Kneepkens's curator insight, January 23, 5:35 PM

Learn about the mindset of #VC's and how to approach them.

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4 Signs Your Start-Up Needs an Exit Plan

4 Signs Your Start-Up Needs an Exit Plan | Pitch it! | Scoop.it
Ready to kiss your start-up goodbye? VC principal Geoff Lewis offers four ways to tell if you're prime for the picking.

Exit strategies are rarely mentioned by start-ups, yet they are something every business owner needs if they hope to be acquired, said Geoff Lewis, principal at Founders Fund, a venture capital firm.

Speaking Tuesday at Internet Week in New York, he explained, "entrepreneurs and VCs don't often talk too candidly about how to think about getting acquired, because the best start-ups don't actually sell. The truth of the matter is that the vast majority of start-ups will not IPO, and most start-ups are also not suicidal. They do not want to die. Start-ups do not want to go off into the night with no exit whatsoever." 

There might not be an incentive to plan, as there's nothing to gain for investors, but entrepreneurs don't want to risk running their company into the ground before the deal has been finalized. 

Here are four ways to tell if your company needs a makeover before you try to offload it: Read more: click image or title.


Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com


Marc Kneepkens's insight:

Ready to quit? Time to look at #exit strategies.

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How These Entrepreneurs Found Success in an Industry They Knew Nothing About

How These Entrepreneurs Found Success in an Industry They Knew Nothing About | Pitch it! | Scoop.it
When launching their shoe startup BucketFeet, Raaja Nemani and Aaron Firestein had a great idea but no previous experience in manufacturing or inventory management.

It was January 2011 and Raaja Nemani and Aaron Firestein were waiting for 2,600 pairs of sneakers to be delivered to their home in Chicago, which was experiencing a massive snowstorm. When the shipment arrived, via a container on the back of a big rig freight truck, the friends realized they’d failed to think things through.

The driver wanted to know where the unloading dock was and who was going to unload the delivery. There was no unloading dock -- “we were like, ‘dude, this is a residential street,’” says Nemani  -- and the pair had planned on doing it themselves. That, they quickly realized, would take forever. So they called a few friends, paid the delivery guy $100 to help out and spent the next three hours unloading boxes of shoes in the snow. Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com


Marc Kneepkens's insight:

From #greatideas to #startup lessons to #learningcurve and finally success. Great story.

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UBC student wins $50K for phone-charging mug

UBC student wins $50K for phone-charging mug | Pitch it! | Scoop.it
A first-year University of British Columbia student has won $50,000 for inventing a phone-charging travel mug that harnesses heat from hot beverages to create energy.

Ann Makosinski, 18, won the Quest Climate Change Grant, along with five other Canadian recipients, on Dec. 16. 

The teenager invented the heat-powered mug when she noticed two pervasive problems among her friends: depleted batteries on their smart phones and coffee too hot to gulp down between classes. 

"I decided to combine both of those problems and find a solution with my e-drink," Makosinski said. Read more: click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km


Marc Kneepkens's insight:

Inspiring story. She has more inventions created when she was 15 and 16. Make it happen, #solutions are everywhere.

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7 Lessons from 500, YC, Angelpad alum — How to Prepare For Any Accelerator Interview

7 Lessons from 500, YC, Angelpad alum — How to Prepare For Any Accelerator Interview | Pitch it! | Scoop.it

This month 500 Startups and General Assembly teamed up to hold a pre-accelerator program. Last week, we had our mini Demo Day:


I led the final week of the program where, in addition to 60-second pitch workshops, Angel.co profile show-and-tell, and pitch deck review sessions, I organized mock accelerator interviews.

To help me, I called a few of my friends*, Ryan Jackson of Paid and Andrew Norris of Taplytics, both YCombinator alums, Mason Blake at UpCounsel and Tristan Pollock of Storefront (now EIR @500) who went through AngelPad, and Selcuk Atli and me from 500Startups (both of us with YC backgrounds from Boostable/inDinero).

We started with a panel introducing ourselves and the accelerator processes: YC does 10 minute interviews with a few partners and cares more about founders than ideas; 500 does a deeper dive over 20–30 min and focuses on people and growth. With Angelpad, you’ll be talking to Thomas and Carine, and there will be fewer companies in your cohort. Each pre-accelerator company then had a 5-minute mock interview with us.

Despite the differences between us and our accelerators, the six of us noticed very similar patterns in the founders. The following mistakes to avoid and advice will help you prepare for any accelerator interview (and some investor conversations, too!)

Read more: click image or title.



Get your Free Business Plan Template here: http://bit.l/1aKy7km


Marc Kneepkens's insight:

Great advice from people who walk and breathe this every day. Whether your #pitch is for an #accelerator or an #investor, these ideas must be understood.

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