Will Your Pitch Deck Ever Be Good Enough?
Does anyone else find themselves editing their pitch deck everyday? Don’t worry you’re not alone…
I’m currently developing a new social media platform called Chad, we’re focused on helping people connect with locals around them or in another location, by providing users with location based chatrooms.
You can sign up for our beta here.
In January I started creating my pitch deck for Chad and looking back on it I’m surprised I even received any responses from investors.
Take a look below at my first slide…
I find myself editing my deck almost everyday and I feel like other Entrepreneurs are going through the same issues, which is why I’m writing this blog.
Will you ever have the “perfect” pitch deck?
In my opinion the answer is, no.
This summer I went through an Accelerator (2020 Startups), where I not only learned a lot about Entrepreneurship, but I also made over 50 edits to my pitch deck. It was almost like no matter who I talked to it wasn’t good enough.
I was getting feedback from Angels, VC’s, other entrepreneurs and every time I received this feedback there was something I had to either remove or add. I felt like I was going in circles.
I graduated from 2020 Startups in September and decided to join another Accelerator called the Batchery. I’ve shared my deck with mentors in the program and I’m catching myself in the same situation I was in with 2020, my pitch deck isn’t where it needs to be.
Here’s what I’ve learned.
People will always have a different opinions on a specific topic. I bet you if I show my pitch deck to 100 VC’s/Angels, more than half of them would tell me to add or remove something.
I’m not telling you to not listen to these people, what I’m telling you is take everything with a grain of salt.
Instead try to research other decks in your space and study them.
What are these decks showing that you aren’t?
I started to look at Snapchat and Facebooks deck to see what I could add to mine and to be honest it’s helped me clean things up.
The most important slides in my opinion are:
- Competitive Advantage
- Revenue Model
Make sure in these slides you explain CLEARLY your vision and what you’re trying to do with your product/business. Continue to build on these slides, you’re essentially selling your product to people without saying a word to them, which makes it even harder to sell. If you’re deck isn’t up to par you’re not going to get people on board.
I wanted to share this experience with other entrepreneurs, because it was frustrating me. If you’re in the same situation as I am, don’t give up. Continue to work on your deck until you feel like the vision is clear enough for an investor or potential client to understand.
You’ve came this far, no point of stopping now.