pitch ur idea & win sharks' heart
TRANSCRIPT
Pitch
(Noun)
The quality of a sound governed by the rate of vibrations
producing it; the degree of highness or lowness of a tone
(Verb)
Make a bid to obtain a contract or other business
why do we pitch?
Coming up with creative
ideas is easy; selling them
to strangers is hard.
(How to Pitch a Brilliant
Idea, Harvard Business
Review)
the Sharks'
Perspective
"It takes me less than three minutes
to either tune out or want to know
much more. In general, if you can’t
win over a potential investor in those
critical three minutes, you will need to keep trying with someone else."
- Peter Cohan, founder of Peter S.
Cohan & Associates
the 7 Steps
1. Prepare yourself, not just
your idea.
2. Capture the essentials.
3. Have a plan from day one.
4. Do your investor research.
5. Take care of due diligence
upfront.
6. Negotiate a term sheet offer.
7. Learn the vocabulary