I've found coaching helped me get better. Started my pitches with "friendlies" or folks I assumed were insta-no's. I asked them at the end for no-holds-barred feedback. Most provide it.
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Great technique. You want to go to the people who are the best bets last, after you've worked out the bugs in your presentation. I'm hoping that I won't need to learn these skills and I can just leverage recommendations from my network and evidence of past performance.
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Also, I want to be clear. This isn't just the presenter's fault (it's best to think it is so you get better). I have seen some TERRRRRRRRRIBLE companies get funded over mine. A lot of these judges and investors make bad calls.
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Replying to @Molson_Hart @paulg
Pitch competitions are stupid for a myriad of reasons. The lack of skin in the game is #1. The format is #2. I could go on and on...
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Yeah, I'm 0 for 7 in pitch competitions and 0 for 2 in investor meetings (angel investors in Albany and
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Replying to @Molson_Hart @mgirdley and
I think I'd do better in investor meetings if I went to more. Pitch competitions though, lol. Give me a fucking break.
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Oh. That's not a big sample size. For comparison: I've pitched 100s of times often for each time I did fundraising. Ran a process. Lots of no's -- the quicker the better as far as those are concerned.
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What were you raising for? I was so pissed off that I lost a pitch competition that I waited 3 years to tell the chief judge who disqualified us how bad they fucked up.pic.twitter.com/nHI9yBb3xr
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Individual deals, companies, and funds. It's pretty fun, actually. It involves a ton of hustle, observational skills, and creativity to knock it out of the park in my experience.
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That's cool. I think it'd be very interesting if you were going to different types of funders (not just vc, but fam office, insurance co etc.)
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Yes, it's interesting. A good chance to really understand people and their motivations.
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This is the key.
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