HOW TO PITCH A MILLION DOLLAR STARTUP?

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Post on 18-Nov-2014

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Content by Deepak Goel - #500STRONG

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<ul><li> 1. H O W T O P I T C H A - M I L L I O N - D O L L A R B U S I N E S S ? B Y T H U Y M U O I - C O N T E N T B Y D E E PA K G O E L - # 5 0 0 S T R O N G </li> <li> 2. W H Y P I T C H ? </li> <li> 3. D O N T P I T C H , J U S T S H A R E T H E S T O RY </li> <li> 4. W H AT D I D I S H A R E ? Personal Top Sale in Bank of America, Monterey Park - 6 months straight Recruited and built the Top 5 Production Team in World Financial Group - life insurance agency Capital raised from super angel Dave McClure, Khailee Ng, and top-notch angel investors in Vietnam </li> <li> 5. 1 . W H AT S T H E P R O B L E M ? Describe the problem in real-world experience Simple, concrete, credible, emotional Assume that the reader never heard of the problem before </li> <li> 6. 2 . H O W S T H E P R O B L E M B E I N G S O LV E D T O D AY ? Every problem is getting solved today. It might be getting solved in an inefficient way. Talk about online/automatic and/or offline/manual ways to solve it Talk about direct/indirect competition </li> <li> 7. 3 . W H AT S Y O U R S O L U T I O N &amp; H O W I S I T S U P E R I O R ? Describe your solution Keep it simple, concrete, credible, emotional Your unique value proposition </li> <li> 8. 4 . H O W B I G I S Y O U R O P P O R T U N I T Y ? How big is the market? Business model &amp; pricing Be ambitious &amp; realistic </li> <li> 9. 5 . W H Y I S Y O U R T E A M I S T H E B E S T T E A M T O S O LV E T H I S ? Past accomplishment of the team Technical + marketing/sale skills Go to market strategy Cost of user acquisition </li> <li> 10. 6 . W H AT D O Y O U N E E D &amp; W H Y ? Traction till date. Revenues, key customer names &amp; testimonials Make the ask </li> <li> 11. Ive missed more than 9,000 shots in my career. Ive lost almost 300 games. 26 times Ive been trusted to take the game winning shot and missed. Ive failed over and over and over again in my life. And that is why I succeed M I C H A E L J O R D A N </li> </ul>