Tip No 3: Send the deck, not the business plan or the one-pager
May 14 2009
by Thanasis Delistathis
We get dozens of proposals for investment every month. The time to screen those is limited so entrepreneurs need to make that easy.
The first screen for VCs is: Is this a business that is a good fit for our fund and that I should pay attention to?
Sending the business plan requires a larger investment of time on the VCs part. The plan is important for diving in deeper, not as an initial informational vehicle.
At the same time, the one-pager doesn’t usually contain enough information. Send the deck! A powerpoint presentation makes it efficient to screen and understand the business. Should be about 20 pages and tell the story well.
Originally published at navfund.com.