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The odds of your startup's landing venture capital money are getting slimmer and slimmer.
And I don't think that's necessarily your fault.
If you ask me why your pitch isn't getting any love, I believe it's because you're just shouting into the void -- a void caused by years of apathy and neglect of fundamentals, resulting in an avalanche of mandatory-but-useless pitch decks, which leads to a cascade of misguided startup investments, which results in an ever-growing issue of awful investor deal flow.
It all starts with mid pitch decks.
So it's going to sound like I'm trashing your pitch deck--and then I trail off.
Last week, I wrote a post called "Dear Startup Investors, It's Not Us, It's You." in which I started pulling at the threads of late-stage startup failure rates, poor VC decisions, horrible deal flow -- and how that's all actually a vicious cycle that starts with what I've dubbed the killer pitch deck problem.
Man, a bunch of you agreed with me -- a lot of it along the lines of "Thank you for saying what I've been feeling for a long time."
Then you asked me to dive a little deeper into the why of the killer pitch deck problem.
So here you go.
Oh, this is not the quick-fix garbage some quack pitch deck doctor is going to sell you. These are some of the root cause problems I've seen over 25 years of pitching, with another 10 years of listening to pitches rolled into that. (Note: I'm no longer an investor, please don't pitch me.)
If an investor needs to be educated on the size and scope of the problem a startup is trying to solve, said investor........