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         InnoVits	
  Workshop	
  
           March	
  19th	
  2013	
  	
  
                     	
  

       on	
  pitching	
  
OPEN TALK ON SELLING BUSINESS IDEAS
what	
  is	
  a	
  pitch?	
  
In baseball a pitch is the act of throwing a baseball
        toward home plate to start a play.




A pitch is one of the most important tools you have
   to convince investors about the value of your
                   business ideas
How?	
  	
  
A	
  pitch	
  in	
  a	
  elevator	
             You never know
                                        when you’ll have the right chance
     You are in a elevator,                  with the right people
   “coincidentally” agaist the
                                              to share you ideas
 person that you always want to
             meet.                                      so
                                                 if it happens
 The elevator button lights up to       You must be prepared and ready!
the eight floor so you have thirthy
     seconds to tell your story:
         your elevator pitch.
    Does this situation happen
                often?
  Maybe not. The elevator is too
 full or your partner must already
       get off at the third floor.
anything	
  but	
  a	
  perfect	
  science!	
  



                         But it’s not the case to
                         improvise




Training this competence will help you get the
most out of any chance you might have … to pitch

                                                    4
a	
  good	
  pitch	
  needs	
  “design”	
  


                      context
be	
  comfortable	
  with	
  the	
  context	
  …	
  
      … not just the
      environment

   Know your audience:
  is there any particular
      subject they pay
       attention to?
                             What situation
                              are you in?

             How much
           available time?
                                                       6
which	
  ingredients	
  for	
  your	
  recipe?	
  
                       OBJECTIVES
                What do you want out of the
                  conversation/speech

                      CONSTRAINTS
                   Short available time
                  Uncomfortable location
                How much attention by your
                       interlocutor?

                          FOCUS
              What problems of your customers
                      help you solve?

                           PASSION
                       It’s contagious
              Be positive and look comfortable
                                                                        7



                                          http://en.wikipedia.org/wiki/Pitch_baseball
get	
  straight	
  to	
  the	
  point	
  
  Start with an attention grabber
  sum up your proposition in one
  line

  e.g.: You never actually own a
  Patek Philippe. You merely
  look after it for the next
  generation.

  A kind of justification to spend
  a tremendous amount of
  money on one time piece that
  could have bought you half a
  dozen other Swiss quality
  watches                                   8
stairway	
  to	
  heaven:	
  a	
  logical	
  path	
  
[1] The PAIN explain the
needs of a potential
customer base. Here you
define the nature of the                          [2] The SOLUTION – Value
demand. Identify the target.                      Proposition
                                                  Describe how you will solve
                                                  the pain from a user
                                                  viewpoint (users first)


[3] The BUSINESS MODEL
You have to explain your business model, that
is he way you think you create create value.
This is related to partners, activities,
resources, customer relationships, distribution    [4] The TEAM
channels, customer segments, cost structure,       The set of competence
revenue streams.                                   needs to be balanced 9
be	
  impressive:	
  a	
  matter	
  of	
  style	
  
Be direct, persuasive and
enthusiastic
Irony works and is for free!

Do not use overly language

Clearly express your
differentiating value

What is in it for me?
That is … why should the listener
spend his time listening to you?

                                                      10
perfection	
  is	
  not	
  of	
  this	
  world	
  

The perfect pitch … simply does not exist. You have to
  adapt to any potential situation the get the result.

       Being prepared will make the difference.

The main real value of a business plan is in making your
 business proposition believable to a potential investor.
            The BP is useful to prepare you.

  Never miss a chance to pitch and gather feedbacks.
        This will prepare you for the next pitch.
                                                         11
Daniele Pes
daniele.pes@gmail.com
http://www.linkedin.com/in/danpes


                                    12

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on pitching - an open talk on selling business ideas [March, 2013]

  • 1.         InnoVits  Workshop   March  19th  2013       on  pitching   OPEN TALK ON SELLING BUSINESS IDEAS
  • 2. what  is  a  pitch?   In baseball a pitch is the act of throwing a baseball toward home plate to start a play. A pitch is one of the most important tools you have to convince investors about the value of your business ideas
  • 3. How?     A  pitch  in  a  elevator   You never know when you’ll have the right chance You are in a elevator, with the right people “coincidentally” agaist the to share you ideas person that you always want to meet. so if it happens The elevator button lights up to You must be prepared and ready! the eight floor so you have thirthy seconds to tell your story: your elevator pitch. Does this situation happen often? Maybe not. The elevator is too full or your partner must already get off at the third floor.
  • 4. anything  but  a  perfect  science!   But it’s not the case to improvise Training this competence will help you get the most out of any chance you might have … to pitch 4
  • 5. a  good  pitch  needs  “design”   context
  • 6. be  comfortable  with  the  context  …   … not just the environment Know your audience: is there any particular subject they pay attention to? What situation are you in? How much available time? 6
  • 7. which  ingredients  for  your  recipe?   OBJECTIVES What do you want out of the conversation/speech CONSTRAINTS Short available time Uncomfortable location How much attention by your interlocutor? FOCUS What problems of your customers help you solve? PASSION It’s contagious Be positive and look comfortable 7 http://en.wikipedia.org/wiki/Pitch_baseball
  • 8. get  straight  to  the  point   Start with an attention grabber sum up your proposition in one line e.g.: You never actually own a Patek Philippe. You merely look after it for the next generation. A kind of justification to spend a tremendous amount of money on one time piece that could have bought you half a dozen other Swiss quality watches 8
  • 9. stairway  to  heaven:  a  logical  path   [1] The PAIN explain the needs of a potential customer base. Here you define the nature of the [2] The SOLUTION – Value demand. Identify the target. Proposition Describe how you will solve the pain from a user viewpoint (users first) [3] The BUSINESS MODEL You have to explain your business model, that is he way you think you create create value. This is related to partners, activities, resources, customer relationships, distribution [4] The TEAM channels, customer segments, cost structure, The set of competence revenue streams. needs to be balanced 9
  • 10. be  impressive:  a  matter  of  style   Be direct, persuasive and enthusiastic Irony works and is for free! Do not use overly language Clearly express your differentiating value What is in it for me? That is … why should the listener spend his time listening to you? 10
  • 11. perfection  is  not  of  this  world   The perfect pitch … simply does not exist. You have to adapt to any potential situation the get the result. Being prepared will make the difference. The main real value of a business plan is in making your business proposition believable to a potential investor. The BP is useful to prepare you. Never miss a chance to pitch and gather feedbacks. This will prepare you for the next pitch. 11