Wednesday, 29 April 2020

City Games, computer learning with seniors

woth a watch, with subtitles

watch this space for a city games near you in the future

Tuesday, 28 April 2020

Straßenverkehrssicherheit: Mit Robo Wunderkind

Straßenverkehrssicherheit: Mit Robo Wunderkind Verkehrsregeln entdecken

Mittwoch, 29. April 2020 - 16:00 Uhr (CEST)

1TAG
0STUNDEN
23MINUTEN
58SEKUNDEN

Mittwoch, 29. April 2020 - 16:00 Uhr (CEST)

Ca. 1 Stunde und 30 Minuten

ÜBER DIESES WEBINAR

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In diesem Webinar werden Sie:

Konkrete Projekte aus den Lehrunterlagen der Straßenverkehrssicherheitsregeln von Robo Wunderkind vorgestellt bekommen.
Projekte mit Fernbedienung und Programmierung kennenlernen.
Zeit haben Fragen zu stellen und mitzudiskutieren.

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Mathias KutscheraEducation Account Manager DACH @ Robo Wunderkind

The Perfect Pitch Deck

Did you know the pitch deck is a presentation that entrepreneurs put together when seeking a round of financing from investors? On average pitch decks have no more than 19 slides.

Ultimately founders need two different sets of pitch decks. One version will be with a lot of text and information which will be shared with people via email. The other version will be the pitch deck that entrepreneurs present to investors in person with more visuals. Having more visuals will contribute to having investors focused on you.

In essence, the three keys to powerful pitch decks that get funded are:

Clear and simple
Compelling
Easy to act on

Below are essentially the slides that you want to include inside your presentation:

Problem
Solution
Market
Product
Traction
Team
Competition
Financials
Amount being raised

Note that according to research done by DocSend, investors spend on average 3 minutes and 44 seconds per pitch deck. From their study which analyzed 200 pitch decks, investors spent the most amount of time reviewing the slides concerning financials, team, and competition.

In the Inner Circle, which is an online training experience where founders learn everything about fundraising, I do a deep dive on pitch decks, but if you want to get up to speed quickly below is a quick guide on how we view each slide.

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1. Problem

The slide covering the problem should be a way for you to explain what gap you are filling in the market. This needs to be a painful problem that people can relate to and that investors would not have issues with understanding.

Furthermore, you are only resolving one problem. Not two or three. You need to come across as someone that is focused and relentless to resolve a known issue.

Normally I would recommend startups to create different slides for the problem and the solution as you don‘t want to overwhelm the investor in one slide.

Note when an investor gets involved with your venture is either because one of the following things:

They have experienced the same problem in the past
There is a clear sense of ROI down the line for them
Given their professional expertise they understand it (e.g. doctors with healthcare)

If an investor falls inside the three buckets of interest cited above at the same time, that means you got your lead investor. This may result in you securing at least 20% of the financing of the entire round that you are looking to raise.

2. Solution

The solution needs to be concise and very clear. Especially if you are a tech startup, your solution needs to be scalable. Scalability is the capability of a system to increase its total output under an increased load when resources are added. This is what investors essentially want to see. A company in which they can invest in order to have the wheel turn much faster.

Moreover, it makes sense on the solution to outline why it makes sense now. As you may know timing is everything in business and being at the right time in history is what really matters. Being too early or too late to market can be the main cause of failure for startups.

Avoid statements referencing you being the only one doing this, you being the clear leader, etc. Just like Mark Cuban puts it, there are at least 100 people that have come up with that idea before you and other companies that may be tackling that same problem with a different approach.

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3. Market

The market is going to determine the potential exit of the investor. If you are operating in a small market also the returns could be impacted by this.

Remember that any market that is under $1B might not be that attractive to an investor in hyper growth businesses. The reason for this is mainly because these investors are on the hunt for investment opportunities that may provide a 10x return in a horizon of 5 to 7 years.

Ultimate investors, and especially institutional investors, look for companies that will not only transform or disrupt their industry but have the potential to fundamentally reshape the way consumers interact with a market.

My recommendation is to show on this slide a graph that outlines the market growth in the past and the future potential growth so that investors can quantify the upside and potential ROI on their investment. Make sure you are including sources from research papers.

4. Product

This slide is all about showing screenshots of your product in action. To make it even more powerful you may want to add some description about the product itself and some quotes of some of your existing clients talking about how much they love your product.

5. Traction

This slide should show the month over month growth of the business (e.g. revenue, metrics, etc). This is the slide where you would include hopefully the famous hockey stick that investors want to see on every pitch deck they review. Getting to this type of “promise land“ for startups is not easy.

In the event you are very early stage or your growth is not that interesting I would avoid including it. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over month growth.

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6. Team

The team is probably one of the most important slides in any pitch deck. The investor wants to know who is driving the bus and what makes them so unique to execute on that mission and vision. Note there are at least 100 other people that have also thought about your same idea. For that reason idea is 10% and 90% is from execution.

If you have the right people seated on the right seats of the bus the company will end up finding its direction to success. Unfortunately when you are investing in a first time founder you are also investing in that individual‘s education and all the mistakes he or she will make during the early days. This is always part of the journey and there is no way to go around it.

The best way to showcase the team slide is by just describing the members of the leadership team (ideally cofounders). List in bullet points what have been the two or three achievements from every member. Ideally those would be related to the company that is seeking capital.

7. Competition

A diagram is a good idea to show the investor the competitors that you have executing in your space. How you compare to them and where you land with your value proposition.

You want to clearly differentiate yourself from the rest so that the person that is reviewing the slide gets what makes your company so unique.

Perhaps another slide that you want to include is one that describes how much capital each competitor has already raised in the past and at what valuation. This could help in providing some perspective of how much the market is paying. This could also play in your favor when the time comes to negotiate the terms of the deal or proceeding with a potential investment.

8. Financials

Normally you want to shoot for at least 3 years of projections. There are some institutional investors that even ask for 5 years of projections but in my experience these investors tend to be the least sophisticated ones.

Even though projections are a shot in the dark when you are dealing with startups, they do provide a good idea of where the business is heading and potential outcomes. It also give a good idea to the investor as to how grounded the management of the the company is.

This slide is more important than entrepreneurs normally think. When you first connect with an institutional investor they will ask for your pitch deck. 3 months later they will ask you on your next meeting where things are at and then they will make a decision. With this in mind, it is always a good idea to be more on the conservative side and to over deliver. Worst thing that can happen is for you to completely miss the mark and under promise.

Additionally you will need to have ready your financials in Excel format as investors may want to see that after reviewing your pitch deck. For that reason you do not need to go into much detail on the deck. All you need is to provide a summary.

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9. Amount being raised

On the ask slide you want to be strategic. Do not put a specific amount that you are raising. For example, if you would like to raise $5 million, I would suggest putting a range between $3 million and $5 million. Firms have limitations on their investment which means that if you place $5 million in your pitch deck and that firm has a mandate to not invest over $3 million, you will most likely have them pass. By including the range from $3 million to $5 million on the raise amount you are also including such firms. For that reason you want to be attractive to as many targets as possible, so go with ranges instead of specific amounts.

Most founders forget to include in their pitch deck their contact information. If you have a large following on social media you should include the links on the cover slide. I find this would provide social proof. Interested investors will most likely look you up and will also reach out to people in common in order to ask for references.

If you are serious about your pitch deck it is not a bad idea to ask someone with a high-level understanding of sales psychology to take a look at your deck. A couple of tweaks to images, placement, and words could make a multi-million dollar difference.

Warmest regards,

Alejandro Cremades
Serial entrepreneur & Best-selling author of The Art of Startup Fundraising

INNER CIRCLE

Inner Circle is the leading fundraising training. Entrepreneurs around the world are using it to raise millions. By joining Inner Circle you will gain access to:

Financial modeling training
Over 20 hours of fundraising training
Over 50 hours of content featuring super successful entrepreneurs where they share the raw story of how they did it
Legal templates
Every template required for fundraising (e.g. pitch deck, executive summary, business plan, etc)
Monthly LIVE video calls with fundraising experts, Alejandro Cremades and Mike Seversen, where we answer all your questions as well as concerns around fundraising
Investor lists (e.g. angels, VCs, family offices, etc)
Tools and resources
Valuation and dilution frameworks
Investor CRMs
Case studies
Facebook group for members where founders help each other
And many more resources...

The fundraising journey can be long and lonely. The purpose of Inner Circle is to put an end to that.

Start your free trial today and experience at no cost the most powerful fundraising program.

Learn More About Inner Circle

Praise for
Inner Circle

“By following Alejandro‘s advice on Inner Circle we were able to raise $4 million from investors.“

- STEVE RACINE, CEO at SpinCV

“Just raised $1 million. Inner Circle gave me the right information at the right time. It‘s priceless.“

- RANDY FRASE, CEO at NewCo

"I was able to create a masterpiece with my pitch deck boosting my confidence with investors."

- ANTONIO SHELLS, CEO at Supremacy Mining

"Inner Circle is the best resource for fundraising that I have come across"

- RYAN THOMAS, CEO at Gosulu

Learn More About Inner Circle

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Monday, 27 April 2020

Virtual Hi S!cool - 29th April

29th April

0815-0900
Topic: Choosing Happiness / Happy Cafe, General Chat and get to know others
Time: 08:15 AM Vienna
Apr 29, 2020 08:15 AM
Apr 30, 2020 08:15 AM
Join Zoom Meeting - Password: behappynow
https://us04web.zoom.us/j/72127829856?pwd=SWJUVElvdysrd3daMDZGamg0SGlNZz09

- Hannah and Ian

Personal Branding, Hannah has a new book "The Power of You" , and Webinar this afternoon

15:00
Tracy's Reading Corner , from the USA
information and zoom link here

16:00
The Impact of Positive Leadership under COVID-19

Are you ready to take that next step, reflect on your leadership style, and be inspired to set stretch goals?

This webinar focuses on a human paradigm of leadership: the ability to connect with people you work with, to see how things look from their perspective, to engage and motivate them while appealing to their strengths and passions.

Today’s “positive” leader is able to unleash the potential of each individual in the organization. Join Here

17:30 Vienna Time, coming from the UK
"The Power of You" , Webinar
Hannah Power

Creativity ...

- Sir Ken

- Cardboard Challenge

Healthy Eating ...

- TED Talk Jamie

Happiness ....

Finnish Happiness School

Chemistry...

Nature ...

- David Attenborough

Sunday, 26 April 2020

Virtual Hi S!cool - 28.4.2020

28th

0815-0900
Topic: Choosing Happiness / Happy Cafe, General Chat and get to know others
Time: Apr 28, 2020 08:15 AM Vienna
Apr 28, 2020 08:15 AM
Apr 29, 2020 08:15 AM
Apr 30, 2020 08:15 AM
Join Zoom Meeting - Password: behappynow
https://us04web.zoom.us/j/72127829856?pwd=SWJUVElvdysrd3daMDZGamg0SGlNZz09

1000-1030 tbc
World Cafe Assembly ?
Guest Mike Boyle ? Jiaran, Manhal Scott Alexandra Tracy ( all tbc ) Hannah, Ian ? - testing
outlining circular economy and event later on on topic Empowerment

nigel stonham is inviting you to a scheduled Zoom meeting.
Topic: S!cool Assembly
Time: Apr 28, 2020 10:00 AM Vienna
Join Zoom Meeting
https://us04web.zoom.us/j/78933277402?pwd=L3lYcGEzQ3FEN3o4dFltNVlwd08yZz09
Password: behappynow

1100-1145 cafe denglish kids

Topic: Cafe DENglish - kids / English
Time: Apr 28, 2020 11:00 AM Vienna

Join Zoom Meeting
https://us04web.zoom.us/j/78132946290?pwd=UTIrenZOZWdSU1AyMHFYekdYWnhLQT09
Password: behappynow

1500-1630