The purpose of a pitch is to arouse as many interests as possible. It doesn’t mean covering the whole of your startups by bludgeoning your audience to concurrence.
The primary objective is to generate interest that would land you an opportunity for a second meeting and subsequently strike the real deal.
In a week’s time, about five selected startups will pitch their business at the 4th Edition of the CFA’s Startup Hangout.
The hangout for Startups which was initiated by the CFA team has run for the last three consecutive months without any pitch session.
The idea to embed a pitch session to this edition was imperative because, “it will grant the winner an automatic slot to feature on Channels TV, as well as to create the room for prospective investors to see things for themselves and make decisions, although this is not the direction,” an official said.
As a fact, pitching sometimes is a rare opportunity for entrepreneurs especially in a self-funded project like the CFA’s Startup Hangout. However, entrepreneurs should always be prepared in pitching their startup companies to a venture capitalist whenever they see the opportunity to do so.
From experience, one of the tips to winning the investment of a venture capitalist is to anticipate questions and ready to provide a thoughtful and comprehensive answer.
The failure to give reasonable and thoughtful responses in a pitch session to venture capitalist undermines the chances of the company getting funded.
Meanwhile, the last thing you wouldn’t want to experience, is, after depriving yourself some sleep just to make sure that your slides are on point, you end up been rejected. I am confident you wouldn’t want that.
The April Edition which comes on the 14th of April 2017, at Adna Hotel, already has nearly 100 startups that will attend the hangout.
However, it would be an honor to be a winner at this month’s hangout pitch exercise. Here are some tips to pitch successfully, however, whatever you would be saying should answer center around the following.
In other words, you cannot afford not to discuss the following:
1. Financial projections and key metrics
2. Business model
3. Marketing plan
4. Value proposition
5. Underlying magic
7. Competitive analysis
9. Current status, accomplishment till date
Obviously, your efforts towards becoming the winner at the CFA’s Startup Hangout pitch exercise will receive a significant boost if you are able to answer questions related to what I listed above.
Startups that are interested in pitching their ideas can register using this link, however, this is after they must have registered for the hangout.
Moreover, this is the 4th edition of the CFA’s Startup Hangout and will feature prominent CEOs such as Helen Anatogu and Yele Okeremi for iDea Nigeria and Precise Financial Systems respectively .
And the theme will focus on “Building Confidence” and the two invited Speakers will clearly pass the knowledge to attendees, just as other Speakers had done during the past events.
The goal of the CFA team is to provide the opportunity for startups to grow in all possible ways and being part of this process would add value to your business.