Some rough takeaways based on discussion with Colin and David today. Great insights from Mr Albrecht!
Very little time
Focus on key takeaways
Generally team, space, product, traction
Team, always focus, crucial. How much time have founders know each other for, what’s their pedigree?
Space, size, players, gaps, opportunity. Vary focus and time based on how well known / understood the space is. Big concern for investors, don’t want drama or breakup.
Product. What is it, what are differentiating quantities? It has to be unique enough and 10x better to capture the market.
Traction and growth. How much already (size) and what’s growth velocity (slope), eg. 10k users, but only launched a month ago. Should also talk about scalable growth strategy here.
Tell them, Remind them at the end
- pre meeting email 5 slides
- meeting 50 slides, lots in appendix
- post meeting email 8 slides
- 1 key point per slide
- make it visual!
Product: vision, execution (feature backlog, bugs backlog, prioritize, milestones, ship), talk to cust, measure and draw insights
Design: make it beautiful
Eng: build it fast
Market: grow it
Sales: make money!