Ready to raise a round of funding for your startup? Check out these interesting facts and data around pitch decks to make the most of your campaign…
Pitch decks are one of the most pivotal and valuable documents in history. Perhaps far more so than the invention of the business card. Looking at the impact of notable funded startups they are perhaps more powerful than some 100-year-old businesses, Super Bowl ads, entire national economies, and the founding constitutions or legal systems of some countries.
Think about the changes Facebook, Twitter, Airbnb, and Uber have made. Yet, despite the tens of billions of dollars in capital pitch decks can bring in for hyper-growth companies there is very little clarity on them, and best practices for creating and presenting them.
Consider that even Wikipedia does not have a page dedicated to Pitch Decks. Instead, you’ll be redirected to a page for ‘sales presentations’. The next runner up is a page for M&A pitch books.
Though you aren’t going to even get close to selling your company for billions and needing one of these pitch books until you’ve mastered raising startup capital with a pitch deck.
Pitch Decks 101
A pitch deck is a type of sales presentation. Startup entrepreneurs shouldn’t forget that overriding theme. It is far more a sales tool than a traditional investment prospectus or business plan. Though it does share traits of these documents and business tools as well.
A pitch deck is a collection of slides. Typically arranged in Microsoft PowerPoint or Google Drive. Its purpose is to present a startup business idea or thesis or to document an existing business and project the outcome of venture investment.
Pitch decks are used by startups before launching through a variety of rounds of fundraising over a period of years.
They tell the company’s story, explain why it is a good investment, and predict potential returns for investors.
A pitch deck can be shared via a link to these slides hosted in the cloud for new investor prospects or presented live on screen or stage to a real audience. Each presentation includes the most interesting facts and data around pitch decks pertinent to your new company.
Keep in mind that in fundraising storytelling is everything. In this regard for a winning pitch deck to help you here, take a look at the template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.
Remember to unlock the pitch deck template that is being used by founders around the world to raise millions below.
Interesting Pitch Deck Facts & Stats
Check out these interesting data points, statistics, and facts around pitch decks that can help you put them in a better perspective and empower your understanding of them and how to excel at fundraising for your startup.
1,000 Plus Pitch Decks Are Created Every Day
In fact, that’s how many pitch decks are believed to be created just in San Francisco, California each day. With other major cities like New York catching up with or surpassing San Fran as tech hubs, and new startup ecosystems thriving and surging around the world, there are many, many more decks being created.
While the number of startup investors and funds may have been growing as well, the limited number of these investors certainly sounds overwhelmed by pitches and funding requests.
It’s competitive, to say the least. Something to definitely keep in mind when it comes to investing in creating your next pitch deck and getting help connecting with the right investors.
Just 10 Slides Are Needed For Early Stage Startup Pitch Decks
One of the most significant, common, and financially deadly mistakes for startups is going too long with their pitch decks. Keeping it short and sweet seems almost impossible. Even for founders who can code virtual magic and map out space expeditions.
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