A pitch deck was given out but here are my additional take aways:
- This talk was focused on VCs and seemed to have a slight German edge
- Get financing for 15 to 18 months, not fewer
- VC ownership can range from 20 to 30%
- The initial pitch deck should be no more than 20 to 30 slides
- It takes six to eight months to close
- You must have questions for the VC
- Lawyer up
- Angel investment ranges from very small to 10m(!)
- Next stage investors will ask them to compare your previous round's pitch deck with what you are now presenting
- So you should allow your seed round to have a decent amount of time to show achievements and traction
- Guaranteed catalog is hard to negotiate
- By series A show there is at least a plan to eventually get a CFO
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