Startup Pitch Bootcamp-Chris J Snook Founders Institute Session
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Transcript of Startup Pitch Bootcamp-Chris J Snook Founders Institute Session
“Pitching is A Science…But
Closing is an Art”
Pitch Bootcamp
Step 1: Choose Your Own Adventure
Option A: TED/Seminar Style
Option B: Locker-room/Raw/Interactive
Money Moves By Law
You Don’ t Get Rich Doing Certain Things…You Get Rich Doing Things in a Certain Way.
~Wallace D Wattles ©1910 Science of Getting Rich
Law of Compensation
1st Law
1) The Need
2) Your Ability(much gathers more…)
3) Your Replace-ability (Investor Opportunity Cost and Comfort Zone)
Key Fact: There are only two ways to make money1) You at work2) Money at work
(You must think like an investor when pitching-Its about them not you!!!!!)-SEE 2nd Law
Investable Ideas have precise integrationof a multitude of factors, strategies, andArticulated points of communication!
VC Power Law
2nd Law
1) The Fund Size
2) Ownership % at Exit
3) Do you have the potential to exit BIG enough to be their 1 deal that matters?
Key Fact: Power Law states that 1 company in every VC portfolio will return the whole fund in profit
(i.e. If the fund size is 200 million then their stake in your deal must be worth $200m in profit in potential for them to invest!) The BEST investment will return more than all other investments combined!!!!!
Building a Powerful Narrative
Pitch ScienceGet the capital using S.I.M.P.L.E. M.A.T.H.
Short & TangibleInteresting Management ExperienceProblem & PainLeverage & ScaleEnthusiasm
Market (Make one or Take one)Advantage (Team, I.P., Speed, Balls, etc)Tactics & the ability to execute under duressHumble
The Art of Influence
Closing is a team sport
Understanding the Scales of Influence
95% of people can gather interest5% of people can take checks
Triangulate the third party with Trust/Respect
Master the A.R.T. F.O.R.M.
Deal the Perfect Deck Exercise
The OthersThe Others
Scales of Influence
Higher
Peer
Lower
The OthersThe Others
The Power of Third Party
Expert
ProspectYou
Nothing is more powerful than Third Party
Edification
Rapport is an A.R.T.
F.O.R.M”
Master the ability to build bridges with
people
Family (Where from, etc)Occupation (What they do, how they feel about it, what they like most/leastRecreation (Hobbies, teams, fun)Motivation (What makes them ‘move’-What they want to gain or preserve)
ApproachRespect & RecipricateTake Control by Giving it away
TIP: Drink in lot’s of A.L.E. with them to win em over!
HOMEWORK PRACTICE!
DEAL THE PERFECT DECKHOMEWORK
Homework: Drill for Skill (Demonstration)
Items required:1)Standard deck of playing cards2)A Willing participant
Welcome to Founder’s Institute!
1)Get Started-Complete the Application2)Take the Founders Test (Hope you pass!)
3)Schedule a follow up with Sofia et al.4)Pay Attention!!! (Avoid Trickle Down Dilution)
FOUR SIMPLESTEPS
HOW TO FIND ME@chrisjsnook