Venture Capitalists with Short Attention Spans

from the no-wonder-some-of-these-dot-coms-get-funded dept

If you wanted confirmation that the VC industry is all about investing in the latest buzzword here's a report about how many VCs now give people 30 to 60 seconds to pitch an idea. It's wonderful when you've been working on a very detailed and complex idea in a month and have 30 seconds to convince someone who believes they know it all that you've got all the answers. The trick seems to be buzzwords.
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  1. identicon
    anon cowrd, 1 Mar 2000 @ 12:49am

    elevator pitch

    The 30 second pitch is essential.
    If you can convince sombody that you are
    competent, capable, and excited about
    delivering on your new-found opportunity
    then you can win people to your cause and
    bring in funding, employees, and keep up
    a strong team spirit.

    If you can only stumble through a monologue
    that doesn't begin to describe what you do,
    then you will have much trouble getting
    the attention of the people you need to
    make your business successful.

    You can't win the game if you don't know how
    to pitch. And a good honest 30 second intro
    that really shows your enthusiasm goes further
    than a methodical plan from someone who
    doesn't have the energy to make it happen.

    link to this | view in thread ]

  2. icon
    Mike (profile), 1 Mar 2000 @ 2:02am

    Re: elevator pitch

    Trust me, I know all about the elevator pitch (or the more important "urinal pitch"). I understand how it works, why it's done, and why it's important. I disagree, however, with your statement that those 30 seconds is more important than a methodical plan. It's certainly possible to cram 30 seconds of excitement and buzzwords but not be able to see the bigger picture and how to execute.

    link to this | view in thread ]


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