Are you wondering why pitch deck templates are so useful?
Pitch decks are essential for getting your startup funded. While seemingly simple, they seem to prove to be much harder for entrepreneurs to get right than you’d imagine. One great alternative to the lengthy trial and error of trying to create your own deck from scratch is to use an existing template.
Getting It Right
Everything is riding on your deck. It doesn’t matter how ingenious your business idea is, if you have the ultimate team to create the product and execute on the sales and operations side, and the timing is precise. It doesn’t even matter if your numbers are flawless. Not if it isn’t presented just right.
Sadly, most entrepreneurs blow it right here. There are many very smart, talented, passionate and committed founders that fail to raise money, even with revolutionary products the world could benefit from. Most often this all comes down to the deck.
The first problem is learning. You have to invest in learning what it takes to make a great and successful pitch deck. This isn’t a four year degree. Though given millions in funding are on the line and your life’s work too, it is worth spending a few hours educating yourself on the best practices, and what to include.
Keep in mind when trying to understand why pitch deck templates are so useful that you also have to make sure you are getting quality information. If you are relying on junk from unqualified sources, then guess what your pitch deck is going to end up like? Make sure you are learning from those who are actually getting deals funded or are funding deals now. Preferably the types of rounds and types of deals you are trying to do too.
Unfortunately, despite having access to this knowledge online, the majority of founders still seem to struggle to implement it. Otherwise it is hard to explain why so many fail, and most commonly fail due to finances, or simply not raising the money they need. There can be a lot of temptations to disregard the knowledge and freestyle it, or go way too long on information and slides. It takes discipline to apply the right information to your deck creation.
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.
Reasons To Use A Pitch Deck Template
Here are just some of the reasons to use an existing pitch deck template over starting from scratch.
Use A Proven Recipe For Success
This probably isn’t the time and place for embracing a long trial and error gauntlet. You’ll have plenty of other factors you are doing that with. If you want to get funded for sure, use a proven formula and template for success. This takes the guesswork out of creating a pitch deck, and dramatically reduces the learning curve.
This is one of the most important factors when addressing why pitch deck templates are so useful. Time is your most valuable and limited asset. You simply can’t afford to waste it. Intentionally taking the extra long scenic route is a luxury you probably can’t afford and won’t be rewarded for here. Even with a great pitch deck, raising all the money you want and on the best terms from your ideal investors can take longer than you think. Don’t burn more than you have to. Especially unnecessarily.
It takes money to create an amazing pitch deck. You may be the best in the world at operating a business, understanding your market or creating this type of product. Yet, most founders aren’t that and masters of putting together the best pitch decks in the world.
That’s really what you need to be if you are going to compete against all of the other startups in the world vying for the same money from the same world class investors. You may still want to invest in professional design tweaks and copywriting, but you won’t burn money going around in circles recreating the foundation of your deck.
No Worrying About Getting The Fonts Right
No worrying about debating details like choosing the right font or font sizes for your pitch deck. Just fill in the blank.
No Debating The Right Amount Of Text
The biggest and most deadly mistake that entrepreneurs make with decks aside from too many slides is cluttering slides and overloading them with too much text. A good pitch deck template will help you avoid this pitfall and keep you disciplined to an appropriate amount of text.
Giving Investors What They Want
Save your disruption and innovation for your business and product. Don’t confuse investors or turn them off by trying to reinvent the wheel. Serve them your unique data in the format they get and want and which checks the boxes they are looking for.
Harness The Right Flow
Getting the flow of your story and stages of data right is as important as what you are saying. If you don’t have it right it will be the first thing that they notice. If they get hung up on you not having the flow right, they aren’t even going to pay attention to what is on your slides. Otherwise it is like having the right ingredients, but mixing them in the right order, or ignoring the cooking instruction. It just doesn’t work right.
You should watch as well the video below where I cover in detail how to create a pitch deck.
Getting your pitch deck right is vital to your success. Fortunately, using a proven template can make this process faster, easier and more certain. Find a good one, plug in your data and start raising.
Hopefully this post provided you with some perspective as you are looking into why pitch deck templates are so useful.
You may find interesting as well our free library of business templates. There you will find every single template you will need when building and scaling your business completely for free. See it here.