際際滷

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The Perfect Pitch
or strikeout
Akhil Saklecha
Artiman Ventures
Artiman: Investors & Entrepreneurs
U.S. Investment Team
Amit Shah
Yatin Mundkur
Tom Dennedy
Akhil Saklecha
Ajit Singh
Tim Wilson
India Team
M. J. Aravind
Ramesh Radhakrishnan
US Operations Team
Ida Ng
EIR
Frank Thibodeau
Adam De La Zerda
Mahmood Panjwani
Atul Sharan
Rob Levy
Venture Investing Experience
 Collectively managing $900+M invested in 140+ seed/earlystage companies
 88 exits with aggregate realized return of 3.3x
 11 IPOs and 32 acquisitions
Entrepreneurial Experience
 Co-founded 10 startups in the U.S. and India
 6 successful exits with aggregate value of > $1 Billion
 ZeitNet, PipeLinks, Equator, Daksh, Ross, Kaleida, Clarity, Airgo,
BioImagene
Operating Experience - public and private
 Cisco, Rockwell, Siemens, AMD, AT&T, Lucent, Cabletron, Digital Island,
FireEye, Airgo, Clarity Wireless, Adaptive, Compaq, Qualcomm, HP
Technology Background
 Played pioneering roles in seminal industries: Server Computing, Networking,
Voice over IP, IPTV, Digital Consumer Electronics
 26 US patents
Shop talk
 VCs are shallow people
 KISS
 Start at the beginning and top-down
 Dont get sucked into arguments that
arent pertinent to the company
 Financials at 3 years arent $10M+
 Dont try and create competition
 Dont bluff. We all talk to each other.
 White board
Be prepared
 Know your data, market, customers
 Bring your own dongle
 Expect your demo to fail
 How much time do you have?
 Youve got less than 30 minutes
12 際際滷 Rule
 Exec Summary
 The Problem
 Market
 The Solution
 Business Model
 Technology
 IP/Regulatory
 Competition
 Team
 Financials
 Capital needs
 Exec Summary
The Breakdown
 Exec summary
 Begin and end with it
 It should tell the story
 Current status of the company
 Broad strokes
 Dont let questions distract you
The lion and the mouse
 The Problem
 Go big or go home
 Needs to touch a lot of people
 Market
 Top Down
 Bottoms Up
 Is it growing?
 Who and where are the customers?
Bigger is better
 The Solution
 Must Have, Deadly Sins
 Disruptive
 Makes sense
 Can you do it?
 Business Model
 How do you make money? Breakeven?
 Do you understand sales & marketing?
Dogs pee to mark their turf. What do you do?
 IP
 Patents are like gold
 But is it fundamental?
 Crowded areas need FTO
 Regulatory
 What is needed here?
 Its all about time and money
Find the white space
 Competition
 Know them well
 Your uniqueness needs to be very clear
 Threes a crowd
 Team
 If you had great exits - move to slide #1
 Brands and experience
 Domain knowledge and depth
 More than 50% of the equation
Show me the money
 Financials
 Bottoms up creation
 Does it scale?
 VCs love haircuts
 So whats the Ask?
 Whats been raised? Any skin in the game?
 What are you going to do with it?
 Is it realistic?
Wrap it up
 Exec summary
 End where you began
 Concluding remarks
 How do you get to $1B revenue
 Summarize thoughts and concerns
 What info can you send?
 Who are the experts that you can connect?
 When is the expected follow-up?

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Artiman Ventures reviews the perfect pitch or strike out - Akhil Saklecha

  • 1. The Perfect Pitch or strikeout Akhil Saklecha Artiman Ventures
  • 2. Artiman: Investors & Entrepreneurs U.S. Investment Team Amit Shah Yatin Mundkur Tom Dennedy Akhil Saklecha Ajit Singh Tim Wilson India Team M. J. Aravind Ramesh Radhakrishnan US Operations Team Ida Ng EIR Frank Thibodeau Adam De La Zerda Mahmood Panjwani Atul Sharan Rob Levy Venture Investing Experience Collectively managing $900+M invested in 140+ seed/earlystage companies 88 exits with aggregate realized return of 3.3x 11 IPOs and 32 acquisitions Entrepreneurial Experience Co-founded 10 startups in the U.S. and India 6 successful exits with aggregate value of > $1 Billion ZeitNet, PipeLinks, Equator, Daksh, Ross, Kaleida, Clarity, Airgo, BioImagene Operating Experience - public and private Cisco, Rockwell, Siemens, AMD, AT&T, Lucent, Cabletron, Digital Island, FireEye, Airgo, Clarity Wireless, Adaptive, Compaq, Qualcomm, HP Technology Background Played pioneering roles in seminal industries: Server Computing, Networking, Voice over IP, IPTV, Digital Consumer Electronics 26 US patents
  • 3. Shop talk VCs are shallow people KISS Start at the beginning and top-down Dont get sucked into arguments that arent pertinent to the company Financials at 3 years arent $10M+ Dont try and create competition Dont bluff. We all talk to each other. White board
  • 4. Be prepared Know your data, market, customers Bring your own dongle Expect your demo to fail How much time do you have? Youve got less than 30 minutes
  • 5. 12 際際滷 Rule Exec Summary The Problem Market The Solution Business Model Technology IP/Regulatory Competition Team Financials Capital needs Exec Summary
  • 6. The Breakdown Exec summary Begin and end with it It should tell the story Current status of the company Broad strokes Dont let questions distract you
  • 7. The lion and the mouse The Problem Go big or go home Needs to touch a lot of people Market Top Down Bottoms Up Is it growing? Who and where are the customers?
  • 8. Bigger is better The Solution Must Have, Deadly Sins Disruptive Makes sense Can you do it? Business Model How do you make money? Breakeven? Do you understand sales & marketing?
  • 9. Dogs pee to mark their turf. What do you do? IP Patents are like gold But is it fundamental? Crowded areas need FTO Regulatory What is needed here? Its all about time and money
  • 10. Find the white space Competition Know them well Your uniqueness needs to be very clear Threes a crowd Team If you had great exits - move to slide #1 Brands and experience Domain knowledge and depth More than 50% of the equation
  • 11. Show me the money Financials Bottoms up creation Does it scale? VCs love haircuts So whats the Ask? Whats been raised? Any skin in the game? What are you going to do with it? Is it realistic?
  • 12. Wrap it up Exec summary End where you began Concluding remarks How do you get to $1B revenue Summarize thoughts and concerns What info can you send? Who are the experts that you can connect? When is the expected follow-up?