Hello everyone, hope all is well with you amid the crisis.
My Pitch Deck for my Healthcare Startup is ready, and I would like to send it to potential Investors, So I need some insights and your wise knowledge and experiences on this.
Other tiny questions:
1 Should I rather first send a One-Pager and then if they revert back to me, if they are interested then will I send my Pitch
2 Advisable to reach via Twitter?
3 Can I ask an investor to connect me to another investor? because the 2nd one is into my industry
4 Should I include the "Notes" for each slide in the Presentation? Notes I mean, what I will be talking if/on during an actual Pitch.
Jett. And I am going to guess that if you think barging in with the assumption that an investor wants a pitch deck without a proper introduction or any idea what the investment is even about is sound advice, you either deal with name tag cattle call pay for a cheap steak dinner and photo op investments or you lack proper professional protocol. My investors I deal with don't put time limits on what I send them. Why? Because I have formerly introduced myself in the past, which then led to a viable working relationship. But sure...if one is just going to blast a bunch of investors with impersonal pitches....great advice you are giving.
Warm intro is always the best way to reach out to investors so asking your friends and friends of friends w/ any connections in the VC world would be wise. Not sure where you're based, but there's a lot of 'investment network' for angel & seed investors where they get matched with various opportunities. (In Australia, for instance, there's a network called 'scale investors' which consists of individual investors funding startups with female founders)
You want to make sure your one-liner (the one you include in the email) is really compelling - otherwise, they might not even be tempted to read through your one pager. I don't think you should send the whole pitch deck in your first email...one pager would make more sense.
I've had more success using visuals like a 2 min video that explains the problem & how my solution would solve it. It took me a while to make it but it was worth it. I used Adobe Spark to create a very basic video. Good luck!
To your questions:
1) No. Don't make investors chase you or try to entice them. That does not work. Send the info right away.
2) Not sure what you mean here. But you can definitely approach investors via Twitter.
3) Yes, you should.
4) Probably not. You can, but the deck should really speak for itself. The average time spent on your deck by investors is about 2.5 minutes.
If you need help getting your deck ready for investors, DM me.
What is laughable, David, is that you think the statistics joke about having 0.5 kids applies here. Serious angels and VCs review thousands of decks. Judging by your advice "not to send the pitch deck in the first correspondence", you are probably not one of them. There just isn't time to spend a half hour on each one. Those stats are simple DocSend analytics and your mockery isn't going to change them.
Find an investor's passion or pressure point. Passion point could be that it is in their wheelhouse for investments. Pressure point could be that their competition has a similar product that yours is better than. Don't send the pitch deck in the first correspondence. It will come across as either annoyingly presumptuous, or like a scam, among other things. Write a brief, clear, coherent introduction...who you are...what you have...thank them for their time and ask if they would be willing to evaluate and consider. If they pass, there is nothing wrong with asking them if they might be so kind as to consider who they might know who might be interested. Don't include notes. If you need notes, you have not done a good job conveying points on the pitch deck.
Make sure you tell the investor not to spend more than .5 minutes after the second minute or they wont have time to spend with their .5 children. I am kidding. That is laughable. Gotta love regurgitation of stats.