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šŸš© 5 Red Flags That Spook Investors When Pitching Your Startup

Happy Friday Founder Fam,

Hope you didnā€™t sneak too many Reese's Peanut Butter Cups last night šŸ«

Welcome back to Napkin Notes: the only newsletter that instead of enjoying chocolate, researches the origin story of the #1 selling brand to try and convince the CEO to invest in our startupā€¦

Some other things on our mind todayā€¦

Meet Jess Draper, founding partner of Halogen Ventures, is a leading early-stage investor in consumer tech and B2B software with female founders. A fourth-generation VC and Emmy-nominated host, she champions women's investment and innovation. Recognized as a top female investor, Draper actively supports diversity through various boards and initiatives.

šŸ½ Todayā€™s Menu Items

  • ā˜•ļø Meet Jesse Draper, GP of Halogen Ventures (done)

  • šŸ‘‚ Why Sharon from Capital Department raised $1M (done)

  • šŸš© 5 founder red flags to avoid

  • šŸ’ø RSVP to our next pitch event

  • šŸ¤£ Memes of the week

P.S. One of our last pitch panellists, LJ, was just featured in TechCrunch šŸ‘€

šŸ“° Meet Our Pals at Bubble 

BubbleConā€™s behind us. But Bubble (the platform) is still here to stay.

If you missed it, look up ā€œBubbleConā€ on X or Linkedin to see peopleā€™s favourite moments.

And if youā€™re still curious about what the heck Bubble is, learn more by clicking below.

šŸš€ 5 Red Flags to Avoid In Your Deck šŸš©

Hereā€™s a truth bomb for ya: VCs genuinely want to trust you with their money to build your startup.

The harder part to accept: itā€™s on you to ease their worries and show them theyā€™ll get their cash back (plus some extra)ā€¦

Enter the pitch deck ā€”your one-shot wonder that tells your entire business story.

With investors sifting through 100s of pitches / month, making yours stand out is crucial.

Instead of stressing about every detail, letā€™s focus on the red flags to dodge

šŸš© Common Pitch Deck Pitfalls to Avoid:

  1. Drowning in Detailed Projections: Investors are savvy; they know those numbers are more fiction than fact. Instead of a crystal ball, share a solid understanding of your business model and some rough market size calculations. They like honesty.

  2. Ignoring the Competition: Counterintuitive but trueā€”recently funded competitors signal a thriving market. Highlight how you stand out from the pack. What unique advantage do you have? Let them know why your strategy is the winning ticket.

  3. Overthinking Your Deck: Spend your time building your startup, not obsessing over slide design. Simplicity rules. Some of the best decks are just plain black text on a white background. Unless your brand identity is your secret sauce, keep it straightforward.

  4. Not Prepping Investors: Remember when Jeff Bezos made reading memos a must? Set your investors up for success by sending your deck beforehand. The more they know, the better the questionsā€”and the more productive the meeting.

  5. Overloading Each Slide: Clarity is key. Each slide should deliver one clear idea. Supporting evidence? Sure, but make that primary takeaway jump off the screen. Investors spend mere minutes on decksā€”make every second count.

  6. Making It Lengthy: Your deck should be a sales tool, not a novel. Keep it short and snappy. If you can communicate an idea in a single slide, do it. And donā€™t forget to add a go-to-market strategy; itā€™s crucial.

šŸ“š Homework:

  • Review your deck

  • Make sure all the red flags are out

  • Request to pitch at our next event

 šŸ„ Wanna Watch Our Next Event?

Have an amazing weekend.

P.S. Liked the deep-dive? Forward the newsletter to a startup bestie.

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