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If you start by pitching your extended life story, that’s the wrong point. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
Can concisely explain the unique, compelling value of the proposed venture in written terms and in oral presentations (elevatorpitch), recognizing that some investors rely more on one than the other. The technology or product may be at an embryonic stage. Here are some key ones they look for: Talks and writes well.
I say that because I’ve heard too many abstract pitches about the next paradigm-shifting technology, which I can’t relate to, and only a couple with stories that really grabbed me. The result will always have more impact than merely outlining a new technology, cutting costs, or tackling a known problem, such as world hunger.
This message, usually called your elevatorpitch, should be a short and compelling description of your your startup, that can be delivered with conviction in the time it takes to ride up an elevator with a potential investor or partner. Develop and practice your business vision and story.
For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevatorpitch,” which you must always deliver as a prelude to your technology features. Use non-fuzzy terms to quantify customer value.
Practice your “elevatorpitch,” and end it by asking for the order. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes. Be upbeat and respectful. Show some incremental value along the way.
Can concisely explain the unique, compelling value of the proposed venture in written terms and in oral presentations (elevatorpitch), recognizing that some investors rely more on one than the other. The technology or product may be at an embryonic stage. Here are some key ones they look for: Talks and writes well.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
Can concisely explain the unique, compelling value of the proposed venture in written terms and in oral presentations (elevatorpitch), recognizing that some investors rely more on one than the other. The technology or product may be at an embryonic stage. Here are some key ones they look for: Talks and writes well.
Okay, so now you have it narrowed down and have determined that you need: Part-Time CTO or Technology Advisor to help guide you and close a bit of the Startup Founder Developer Gap , and Equity-Only Cofounder Developer - the first real developer that will work for equity and produce the bulk of the application. Refine your elevatorpitch.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
Practice your “elevatorpitch,” and end it by asking for the order. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes. Be upbeat and respectful. Show some incremental value along the way.
Every investor is annoyed by persistent messages that say “Give me a call to hear about the most disruptive technology since the wheel.” An Executive Summary is a one page elevatorpitch of the whole plan (may be separate from the plan), which gives an investor a net perspective on the key business parameters.
Every investor is annoyed by persistent messages that say “Give me a call to hear about the most disruptive technology since the wheel.” An Executive Summary is a one page elevatorpitch of the whole plan (may be separate from the plan), which gives an investor a net perspective on the key business parameters.
Practice your “elevatorpitch,” and end it by asking for the order. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes. Be upbeat and respectful. Show some incremental value along the way.
Practice every step, including the elevatorpitch to get the first meeting. Most VCs see decreases in clean technology investment, medical devices and biopharmaceuticals, so tune your expectations accordingly. Remember you only have one chance for a good first impression. Identify the right people in the right venture firms.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
I say that because I’ve heard too many abstract pitches about the next paradigm-shifting technology, which I can’t relate to, and only a couple with stories that really grabbed me. The result will always have more impact than merely outlining a new technology, cutting costs, or tackling a known problem, such as world hunger.
Practice your “elevatorpitch,” and end it by asking for the order. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes. Be upbeat and respectful. Show some incremental value along the way.
And do I fit as a Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? Refine your elevatorpitch. Was it a Startup Founder Developer Gap ? Was it a case of needing Homework? Did they really need a Startup CTO or Developer or both? Did they have a Weak Development Team ? Go to user groups.
They must amplify your “elevatorpitch” to investors, as well as key points from the business plan and the financial model. A good start is taking an active role in relevant technology groups, trade associations, university activities, and local business groups. Prepare an investment-grade business plan.
Practice your “elevatorpitch,” and end it by asking for the order. In high technology, this is called “release early and iterate,” which allows you to make corrections as you go, as well as adjust for the market changes. Be upbeat and respectful. Show some incremental value along the way.
Some dreams sound great, but may not yet be viable or proven with today’s technology. Start by developing an “elevatorpitch,” that you can deliver in thirty seconds to hook a potential customer or investor. Present at trade shows and network with your ten-slide pitch to build your following.
They must amplify your “elevatorpitch” to investors, as well as key points from the business plan and the financial model. A good start is taking an active role in relevant technology groups, trade associations, university activities, and local business groups. Prepare an investment-grade business plan.
Even if your product is a technological marvel, I look for balanced strength on the team in finance, marketing and operations. It starts with having a vision and an ability to get the message across in your elevatorpitch, in a written business plan and one-on-one with potential investors. Able to communicate on every level.
Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. Often new technologies are seen by senior decision makers as new opportunities for litigation and hackers.
Think of it as an elevatorpitch for recruiting. cutting edge technology (WebRTC), 2. Felix manages sales, marketing and finance at Talkative, and often writes about technology, startups and marketing. An actionable tip is to prepare 3 clear reasons why a candidate should choose your company.
So even if my own mother asked me to meet with you, and you were pitching me a biotech opportunity for a $10 million investment at a $90 million valuation, I might take the meeting, but it wouldn’t be particularly useful for either of us. In this case, it’s not a lack of interest, just a lack of time and efficiency.
Each team gave each professor a three-minute elevatorpitch for their idea, and we let them know if it was good enough for the class. The product would leverage GPS and laser-based technologies and could be used on existing mower or farm equipment or built into new units.
Think of your first B2B web site as one step beyond your elevatorpitch. Never lead with your technology—make a brief mention at most. Don’t boil the ocean with flashy technology. Now is the time to get your web site up. Here are five tips to help build a first web site that will help your business grow.
As an aspiring entrepreneur, one of the most important things you need is a memorable “ elevatorpitch ,” to communicate your startup value proposition and leave a great first impression on friends, investors, employees, and future customers. Describe technology and features, not competitiveness.
Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology." " Investors want to buy into an entrepreneur with a startup that can provide evidence of an ability to double customer productivity, at half the cost, with patented technology.
Pitch the hell out of it, to friends and family, angels, journalists, random people you meet on the streets, and just about anyone who will lend you an ear. Because as you pitch it, you’ll start to see patterns in people’s responses to the idea. Do their eyes light up after the first sentence of your elevatorpitch?
The newly formed teams then work for the entire weekend, with the help of some experienced mentors from the industry, who volunteer their time to share advice on product, technology, legal, PR and other issues. For example, you may point out that there is a company with similar technology, but different application/market.
He defines the elevatorpitch, video pitch, executive summary, PowerPoint presentation, and business plan as different forms. These suggestions are all excellent: Don’t spend too much of your time with investors talking about products and technology. The illustration here is from that post.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
If you start by pitching your extended life story, that’s the wrong point. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. First, get their attention with your elevatorpitch.
An "elevatorpitch" is a concise, well-practiced description of your startup and your plan, delivered with conviction and enthusiasm, that your mother should be able to understand in the time it would take to ride up an elevator. A good elevatorpitch is not just for an elevator discussion.
12 Point ElevatorPitch Strategy – [link]. FEDTALKS: How To Improve Government With Technology – [link]. Don’t Give Cash Performance Bonuses in a Loss-Making Company – [link]. How Much Are You Worth? – [link]. 10 web start-ups (all mine) … and why they failed – [link].
Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand. Often new technologies are seen by senior decision-makers as new opportunities for litigation and hack attacks.
Pin down your elevatorpitch. Everyone knows what an elevatorpitch is, but many underestimate the importance of investing the time and energy into getting it right. He has a long history of involvement with leading technology businesses.
The honest answer is that ideas and new technologies are worth nothing, outside the context of a specific business plan that meets a market need for a fair price. Invention is the process of creating a new technology. Business innovation is taking that technology and successfully bringing it to market in a way people want.
FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services ecosystem and the leading banks on the continent are now more urgently seeking to harness technology innovations, collaborate with FinTech start‐ups, and create a platform to scale much faster – to make digital financial services pay.
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