@LSPARKGlobal A9 Preparation: Prior to a pitch- Learn about who you’re pitching, what they care about, when their last deal was, where is the fund in terms of cycle and thesis. Post pitch- stay engaged with progress reports. Hint – Even a ‘no’ can be temporary. #SaasChats
@LSPARKGlobal A8 Feedback: Most of our discussions end up revolving around Goto market strategy. The enterprise SW space is incredibly noisy today and so having a clear customer acquisition strategy is critical to success. #SaasChats
@LSPARKGlobal A7 Questions to expect: We typically look for compelling answers to the following 10 topics: Team, Technology, Customers (traction), IP (differentiation), Market (size), Product, Forecast (model), Syndicate, Deal terms, Exit prospects. #SaasChats
@LSPARKGlobal A6 Standout moments: I generally appreciate meaningful insights that are not obvious. This generally comes from entrepreneurs who’ve clearly done their homework and come up with a super thoughtful and compelling solution. #SaasChats
@LSPARKGlobal A5 Red Flags: There are quite a few! Hockeystick growth projections with no track record. Dismissiveness of all competition. Limited team / market experience. Lack of product or technology differentiation. Bonus flags for defensiveness, linear thinking, and arrogance. #SaasChats
@LSPARKGlobal A4 Pitch: I like a clearly articulated problem with a suitably sized market (ie: Big!). I look for a compelling solution, along with a clear understanding of the competition and a thoughtful approach to your gotomarket. “If you make it- they won’t necessarily come!” #SaasChats
@LSPARKGlobal A3 Cold outreach: Avoid if at all possible! If it’s your only way in, be politely persistent. Provide company updates on a consistent basis, make them interesting and meaningful. #SaasChats
@LSPARKGlobal A2 In person pitching: Similar to online- Be punctual and prepared, dress for the part. Let the conversation wander (if the investor takes you there). Be open to being challenged. Level up by being interactive – ask questions, check your ego, learn from the process. #SaasChats
@LSPARKGlobal@Zoom A1 Zoom pitching: Back to basics- Be on time, be prepared; get a good rig (cam/mic, connection), be in a quiet space, practice. Bonus points for developing rapport – hard to measure but a personal connection counts for a lot! #SaasChats
Applications are NOW OPEN for @kauffmanfellows Class 26! As part of the network, I highly recommend the #KauffmanFellows program. Excited to see the next class of global leaders! Apply: https://t.co/r7eJmezFNu