Sunday, April 30, 2017
Excited and Ready!
This week was mainly used for preparing our final presentation for the showcase. When our group originally went about doing our pitch, we found ourselves way over the 5-minute mark, almost close to 10. When looking over the videos we had recorded in class, we struggled to look for topics that were extraneous or unnecessary. Everything seemed important!
That's when we went back to the drawing board. Viraj remembered that the first thing we saw in class our first day of lecture was Tal and Rick's categorization and importance charts of a pitch and how to create one. Here was when we saw what we were missing, a story that gave urgency to our problem. We decided to go about a story pitch as this gives an urgency that our product/company solves. This gives our product an emotional aspect to it, as VCs and investors are able to see the type of emotional impact it can have and how that can translate into a number of sales as well.
Furthermore, we decided to split up our presentation into sections and condensing each section to the most valuable three points possible. This was extremely important, as it allowed us to filter out any information we may have thought to be useful when in reality it wasn't as useful as we thought. This gave structure and made our presentation a lot more concise, with less filler in it too.
Overall, we're still finalizing and touching up presentation skills, hoping to perfect our pitch by a day before the showcase. We think our start-up has a proven value and showing that through our pitch is our highest priority as of now. Excited to present!
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Hey, our team was also lacking in providing the audience a sense of urgency and how valuable our product is to resolve this problem. Your team's method of story pitch seems to fit very well to the product as it would become more appealing (as it would relate more to their own lives). Moreover, the three main points per section looks really useful in eliminating extra information and I think maybe our team should apply it as well! Good luck on your final pitch!
ReplyDeleteThat's a really great strategy! I would try to use the 1 minute that you have to really explain all of the details that you'll need so that you can use your other 5 minutes doing something else. Also, focusing on the financials is probably a really important aspect. One thing that my group did is putting visuals, like graphs, on our slide deck so that we can explain it faster.
ReplyDeletePersonally, I think the best way to shave time on presentations is to reduce the amount of time spent introducing the team! Also make sure to just mention the core components of the slide and not describe every detail! Hope that helps! Good luck!
ReplyDeleteHey I am glad to read that you guys addressed the final issues that you had last week. In particular, your pitch was too long, so I think you did a good job going back to the drawing board and figuring out what was really necessary and what could be cut instead. Also, I didn't think of those first slides, I am gonna go check them out. thanks. Having a story to create an emotional connection with the VCs is definitely a good idea. Looking forward to Tuesday!
ReplyDeleteTime was an issue for us too! I think if you focus primarily on the solution and the financials, it will be easier to weed out excess time spent on the less important slides. Good luck on your pitch.
ReplyDeleteI agree with some of the comments above. Get straight to the point on what the patent does and how it can be applied to classrooms. I like how you pivoted and went back to the drawing board - something that Rick and Tal said will happen a lot. Look at the Pitch powerpoint uploaded in week 1 and focus on those 11 points if you need to cut more.
ReplyDeleteI agree with shaving down your presentation to specific points - it'll be concise and will really resonate with the judges. I am glad that you are focusing on the emotional aspect as well - that is definitely important for my team too. Remember to not sounds rehearsed and focus on connecting with the judges. Best of luck!
ReplyDeleteI think it is best to be as to the point as possible to make the pitch more interesting and understandable. If the judges have questions about anything you said, you will have time to clarify after the 6 minute presentation. Being succinct will allow your presentation to shine.
ReplyDeleteTackling the audiences' emotion aspect is definitely a key to a successful pitch! Our team also had time issues previously but we decided to filter out extraneous information and to give only key attractive figures or phrases to grasp our audiences' attention. Hope you have a successful presentation tomorrow!
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