In pitching investors, there are many ways to blow the pitch.
Here’s a list of common mistakes startups make:
Losing your temper and letting emotions get the better of you.
Investors want level-headed people they can work with.
Building the company only for the exit.
There must be a “why” behind the business.
Inability to present the idea or business in a smooth way.
Lack of clarity in the pitch will translate into a lack of clarity regarding the business plan.
Not answering the investors’ questions, such as failing to give revenue numbers.
Lack of direct answers frustrates the investors and leads many to believe the answer is not attractive.
Not knowing your industry or market.
It’s best to demonstrate knowledge of the market with some key numbers.
Not knowing your team well.
It’s best to have some history with the team members and demonstrate how you work well together.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let’s go startup something today.
Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.