Startups! This is how to pitch to anyone…
One of the most important skills for early stage founders to master is their pitch. You’ll spend a lot of your time pitching — to potential clients, partners and investors. And of course you’ll be pitching to collaborators, potential employees and the press. You’ll always need to be ready to sell your vision and the company.
So you need to be ready to go. And you need to have multiple versions on the tip of your tongue: your elevator pitch, you 5-minute pitch, and your let-me-sit-you-down-and-take-you-through-it pitch.
The pitch is something that we work on extensively with our portfolio companies at Startupbootcamp. Getting from a bad pitch to a great one can be a long process, but there are plenty of key points to address that will instantly make your pitch significantly better, as well as helping you to command attention and interest from your listener.
First off, a hint. You need to practice. We all do, and likely this will be the single biggest difference-maker in improving your pitch.
Now that we’ve got that out of the way…
- Understand your listener — who are you pitching to?
- what is their role?
- what is their agenda?
- how can you benefit them?
- focus on these things, then shape your pitch accordingly
- you only have 1/3/5/10 minutes to get and hold their attention, so don’t waste any of it
- if you have 3 minutes and 3 key points to communicate, make sure you allocate 1 minute to each point
- communicating 70% of 3 ideas is better than communicating 100% of just 1 idea (it’s like an exam, if you only answer half of the questions the maximum mark you can achieve is 50%)
- focus on the part of your story that you expect to resonate with your listener
3. Differentiation is key
- understand very simply what is your differentiating factor, what is your proposition’s USP — focus on that
- what makes you different / sets you apart?
- why should I be interested in you/your company/your idea ahead of others that are similar?
4. The pitch is your gateway
- a client is unlikely to sign up based just on this pitch; an investor is unlikely to invest without speaking to you further
- the point of the pitch is to get you in to that next conversation or meeting
- you don’t need to tell them everything in this pitch — you just need to get them excited
5. Engage the audience
What is your delivery like?
- use eye contact
- include everyone in the room / bring them all into the pitch — don’t just look at 1 person
- ask questions to inspire interaction
- keep your energy high
- constant speed of delivery is boring (and at worst, soporific!) — switch up the pace of your delivery, slowing down for key areas of emphasis
- repetition for emphasis
6. Avoid creating distractions
- unless you’re walking the stage for a purpose, glue your feet to the floor — hopping from foot to foot is distracting!
- cancel out nervous ticks
- don’t wave your hands/arms around too much
- articulate your message carefully. Word. By. Word.
don’t let it be lost.
AND MOST IMPORTANT OF ALL, practice, practice, practice…
If you fail to prepare, you prepare to fail.
And that, ladies and gentlemen, is what it’s all about.
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And if you need a good deck — have a look at these…