Pitching is an art. For some it may\ncome naturally, while for others it may be the most uncomfortable task. Alex\nBlumberg does an excellent job giving listeners like myself an inside look into\nthe reality many entrepreneurs find themselves in. The first aspect of a pitch\nthat stood out to me was the presentation of the problem. The best pitch is one\nthat Is unique; it doesn\u2019t have to follow the typical structure of a pitch, but\nit should present a problem or issue that this business venture is helping to\nsolve. Most importantly, drawing in investors and surprising them with either\nextreme enthusiasm and passion or striking facts and figures are key.<\/p>\n\n\n\n
It is important to note that\nsomeone may ask an entrepreneur to give a pitch anywhere and at any time. Being\nput on the spot should be expected and therefore, the pitch should become one\nof second nature. I believe key words that trigger emotion or energy is vital\nwhen delivering a pitch. The craft of pitching emphasizes the person at the\ncenter delivering the pitch almost as much as the information being presented.\nLike a ship, it can only stay afloat with the captain. Similarly, the person\npitching can be the be all or end all in a deal. Stats and figures can speak\nfor themselves only so much, but the passion and knowledge behind the delivery\nof a venture is crucial in securing an investor.<\/p>\n\n\n\n
A good pitch will\nanswer the unknown\u2019s investors may think of and how well the pitcher acts under\ndifficult questions will reflect in an investors confidence in the venture. If\nI was giving a pitch, I would also make sure to play devil\u2019s advocate,\nincluding information that reassures the investor and prepares for the rebuttal.\nFor instance, I would incorporate my unfair advantage, EXIT strategy, and\nfuture projections. The podcast highlighted the notion that investors see\nbusinesses through a lens that analyzes the EXIT strategy and therefore, a good\npitch has a strong and clear vision. While the second podcast gives credibility\nto key numbers and a business or company name, breaking down the audience and\nthe 12 month or 3-5-year plan for the business is emphasized even more. This is\nthe hardest area for someone to pitch successfully because it is at its core\nunknown. Another significant piece of information from the podcast lies in the\nresponses from investors. Understanding that you may hear responses and\ndilemmas that never crossed your mind should not lead you to panic but rather\nbe used to your advantage. Finding these grey zones of uncertainty can allow\nfor you to think further and make changes and improvements to the business\nventure that will ultimately provide benefits.<\/p>\n\n\n\n
The podcast offered me insight in knowing that failing at\nthe first pitch is not the end of a business. Rather, failing leads to success\nand as seen in Alex\u2019s case, failing allowed him to succeed with Matt.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pitching is an art. For some it may come naturally, while for others it may be the most uncomfortable task. Alex Blumberg does an excellent job giving listeners like myself an inside look into the reality many entrepreneurs find themselves in. The first aspect of a pitch that stood out to me was the presentation…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-80","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/posts\/80","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/comments?post=80"}],"version-history":[{"count":1,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/posts\/80\/revisions"}],"predecessor-version":[{"id":81,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/posts\/80\/revisions\/81"}],"wp:attachment":[{"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/media?parent=80"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/categories?post=80"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entrepreneurship.allierebecca.bergbuilds.domains\/blog\/wp-json\/wp\/v2\/tags?post=80"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}