- Open-source platform Almanac gave Business Insider an unique take a look at the pitch deck the startup used to boost $9 million in seed funding.
- CEO and cofounder Adam Nathan estimated at the very least 70% of their pitches in this spherical have been completed over the cellphone or video conferencing.
- Nathan mentioned among the greatest errors entrepreneurs make in their pitch decks is main with their product and serving their very own aims, relatively than specializing in traders.
- He walked us by means of the pitch deck and gave his ideas for a profitable pitch.
- Visit Business Insider’s homepage for extra tales.
Months earlier than the coronavirus pandemic hit the US, open-source platform Almanac raised $9 million in seed funding. CEO and cofounder Adam Nathan estimated at the very least 70% of their pitches in this spherical have been completed over the cellphone or video conferencing.
The firm predicts that almost all full-time work will transfer on-line over the following century and positions software program builders because the pioneers of this transition.
Now, because the office and boardroom have gone distant, extra investor conferences should happen on-line.
Almanac’s founders began the pitching course of over e mail by sending their pitch deck in advance. Investors have been already offered on the corporate by the point they received on the cellphone.
“Before they even heard about the product, they understood the market and the user and the pain point,” Nathan instructed Business Insider. “I think a lot of that was due to the effectiveness of the deck.”
Almanac shared its pitch deck solely with Business Insider. Nathan walked us by means of the slides, divided into three main components, and gave his high pitch recommendation for entrepreneurs.
Some confidential info has been faraway from the slides.