10 tips for a perfect pitch
I just read some great tips on makeing a perfect pitch to a VC. Go check out “10 tips for a perfect pitch” over at the Fleck/blog.
Tip 7: Don’t bluff, lie or try to be a smart-ass!
What you shouldn’t say: We don’t really need money right now (THEN WHY ARE YOU HERE?), that your exit is going to be an IPO or acquisition by Google (YOUR INVESTORS KNOW THAT), that this is a sure thing (NO SUCH THINGS AS…), that you don’t have any competitors (YOU ARE LYING, DIDN’T DO YOUR RESEARCH OR YOUR PRODUCT SUCKS), that you aren’t going to do it yourself (MORE IMPORTANT THAN YOUR IDEA, MONEY AND TIMING IS THE ENTREPRENEUR. IF YOU DON’T DO IT THAN NOBODY ELSE WILL) and don’t tell them they should decide quickly because you have other investors waiting unless it is true!
technorati tags: fleck, startup, Entrepreneur, VC, ceo
