What’s in the secret sauce and what are essentially the top reasons why startups succeed?
Having interviewed over 100 of the most successful entrepreneurs and investors on the DealMakers Podcast, these appear to be the shared ingredients for building billion-dollar companies.
The Ultimate Guide To Pitch Decks
- Strong co-founding team
- Have great advisors
- Customer love
- Product-market fit
- Make great hires
- Hire great leaders
- Company culture
- They have something unique
- They refuse to quit
Bootstrapping through the early days can have its benefits. Yet, even when repeat entrepreneurs found new companies and can afford it, they often raise outside capital anyway. It brings in more great minds and connected individuals with a vested interest in your success.
Not running out of money is the CEO’s number one job. It’s why most businesses fail. Some can win just by raising big funding rounds.
Ultimately it adds credibility and visibility. It enables you to buy the business, move fast, recruit well, and make investments that will pay off big in the days ahead.
Storytelling is everything in fundraising. Being able to capture the essence of what you are doing in 15 to 20 slides is the key. For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) where the most critical slides are highlighted. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400M (see it here).
Remember to unlock the pitch deck template that is being used by founders around the world to raise millions below.
ACCESS THE PITCH DECK TEMPLATE
2) Strong Founding Team
It all starts with the founding entrepreneurs. Their smarts, grit, passion, and willingness to learn trumps everything else. Even the business idea.
It is based on the founders that the company will be able to raise funding in the early days, or not.
You can be an army of one or a team of six like the Paypal Mafia or Ali Ghodsi and his team at Databricks. With a founding team of 7, they literally built a $2.7B startup.
See How I Can Help You With Your Fundraising Efforts
- Fundraising Process : get guidance from A to Z.
- Materials : our team creates epic pitch decks and financial models
- Investor Access : connect with the right investors for your business and close them