Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Boris Mann • COO, HUMAN • Managing Partner, Full Stack • Over 10 years of community building in Vancouver
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Venture Businesses • Are you building a venture business? • All businesses are not a candidate for venture investment • Big idea, big market, big growth, big outcomes • For the purposes of this presentation, I’ll be talking about venture businesses
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Big Hairy Audacious Goal • You need a BHAG • Vision and purpose that form core passion & “true north” for the company & team • You also need an execution plan: • What can you build and sell today? • Prove you can ship • Charge money so you don’t die in the short term
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Early Stage Funding • Pre Seed: < $500K • Working code & customers • Seed: > $500K to $1.x M • Paying customers or significant traction • Series A: $1M++ • At least one known, repeatable sales channel / distribution model Day job F&F $30K prototype Cofounder Accelerators Futurpreneur Consulting
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Investment Deck • An investment deck should be standalone and can be sent by email and make sense without you “live” talking about it • Pitching on stage doesn’t get cheques written • Market: who are the customers? what are their pains? • Solution: how are you solving the pain? have you developed novel technology or marketing channels? • Distribution: how do you think you will sell it to customers? • Team: why you, why now, why this?
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo How many slides? • 10 slides • No really, 10 slides • But I need to explain my idea more fully! • Then your idea is too complicated to execute on • Really, 10 slides is the answer • …but feel free to put an unlimited number of slides in your backup
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Market: Top Down & Bottom Up $20B $5B $0 $1,250,000 $2,500,000 $3,750,000 $5,000,000 Y1 Y2 Y3
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo 11 Pitch Types (Jason Shen) • #1 Traction • #2 X for Y • #3 Personal Story • #4 Pivot / Offshoot • #5 Evolution Next • #6 Painting the Future • #7 Service at Scale • #8 Wouldn’t it be cool if • #9 Insane Tech • #10 The Dream Team • #11 Consumerification of Enterprise
–Mark MacLeod, @StartupCFO The best investors don’t want to just fund revenue growth, they want to create the future. When you look back at the biggest startup successes, they are all based on a simple, clear insight about the future of a market.
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo References • How to Create an Early Stage Pitch Deck, Ryan Spoon • http://www.slideshare.net/ryanspoon/how-to-create-an-early- stage-pitch-deck • 11 Startup Pitch Archetypes, Jason Shen • http://www.jasonshen.com/2012/eleven-compelling-startup-pitch- archetypes-with-examples-from-yc-companies/ • Pitch Deck Template • http://www.slideshare.net/PitchDeckCoach/the-ultimate-pitch- deck-template-by-pitchdeckcoach
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo What Investors Want • Investment Deck • Team / Market / Solution (+ Proprietary Tech or Distribution) • Use of Proceeds (aka Budget for 12 months) • Hiring plan, sales & marketing “hypotheses” • User Model • Bottom up growth model • Cap Table • including scenario for next round
Boris Mann, @bmann HUMAN • http://ishuman.co • @IsHumanCo Use of Proceeds / Budget • The 5 year proforma is not very useful • “A 12 month budget is fiction. A 5 year plan is science fiction” • Hiring: who will be working on it full time, who do you need to hire? • Marketing: what marketing experiments will you run? • How many customers? Which methods of marketing work better than others? • What are the end goals? Customer adoption, revenue, building out product features
bmann
yasslab
dowanna6
notahotel
hirokiito
tokyo_metropolitan_gov_digital_hr
nattun_26
metaps_inc
srmarketing
mntsq
moongift
takeshisumida_
recruitengineers
kneath
marcelosomers
eileencodes
philhawksworth
davidbonilla
vanstee
schacon
jennybc
62gerente
cromwellryan
tammielis
jcasabona