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The Elevator Pitch.ppt

The Business Plan Pitch Kirstie Chadwick Director Very Important Point ã You are NOT pitching a great idea, team or product ã You ARE pitching what your business will do for investors and for customers ã SO, pitch how your business will solve a tangible problem that exists TODAY!! Example ã WRONG: – We are the smartest telecom guys in the world and we are gonna install high bandwidth wireless telecom infrastructure i

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  The Business Plan Pitch Kirstie ChadwickDirector   Very Important Point ã You are NOT pitching a great idea, team or product ã You ARE pitching what your business will do for investors and for customers ã SO, pitch how your business will solve a tangible problem that exists TODAY!!  Example ã WRONG:  – We are the smartest telecom guys in the world and we are gonna install high bandwidth wireless telecom infrastructure in really tall downtown buildings in big cities all over the world ã BETTER:  – We enable you to use your cell phone anywhere inside every building in all major U.S. metropolitan areas  Elements of the Pitch ã The Hook-pain point or heart grabber  ã Brief description of product/service ã Brief market description with opportunity ã Brief description of competition ã How you are different from other solutions ã How you will make money -biz model ã Partnerships and alliances ã Sales and distribution plan ã The experience of the team, board, etc. ã Five year financial forecast with milestones ã Investment request with ROI expectation