Musings at the intersection of business and life

Don't make me choose between you and your slides--you'll lose

Business Savvy
January 21, 2011 by Kathleen Allen

This morning I once again had the pleasure of hosting the Tech Coast Angels at the university. They are the largest angel investor organization in the U.S. (see an earlier blog post “Finding investors is art, not science.” ). At their screenings, they typically have 2-3 entrepreneurs pitch their ventures. Today’s pitches were some of the best I’ve seen in a while in terms of the actual businesses they were pitching; but, I have to say that “death by PowerPoint” is still alive and well with entrepreneurs. I certainly have been doing my best to get my students to shed the text-laden slides that force you to choose between what the presenter is saying and trying to read the rendition of War and Peace that is on the slide. Unfortunately, not enough of you have been listening. 

The purpose of PowerPoint slides is to be a backdrop for the story you’re telling about your business. The operative words here are “backdrop” and “story.” Backdrop means just that – it should not dominate but rather enhance what you’re saying. Key words, a great, readable graphic, or a photo really add to what you’re saying. On the other hand, tons of bullet points (can we still say this?) with tiny print make the audience wonder if it’s time for their annual eye exam or if you’re actually expecting them to multi-task. The story is what matters, and you have to be the one who tells it—passionately, convincingly—so that the audience is captivated by what you’re saying and wants to know more.  

My colleague Scott Lenet, co-founder of the Draper Fisher Frontier Fund, asserts that a great pitch is structured to answer three fundamental questions:
1.       What do you do?
2.       Why should we care?
3.       How will you win?
 
Wrap a compelling story around those questions, keep your slides simple and relevant, and you will have the makings of a great pitch that excites your audience. And if that audience is a bunch of angel investors, you might just secure some investment capital.
 

Related tags: pitch, PowerPoint, Tech Coast Angels

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