The Clean Business Investment Summit Is a Great Experience
I serve on the board of advisors for the Clean Business Investment Summit, an annual opportunity for a carefully vetted set of cleantech entrepreneurs to present to potential investors. One of the roles I play is mentoring the presenters; I meet with each of them in advance, and critique their PowerPoint and their presentation style. Having looked at 1100+ business plans in the past three years has put me in a good position to know what works here and what doesn’t in this arena — not to mention the 30 years before that, during which I made presentations based on PowerPoint (earlier, view-graphs) to audiences all over the world.
My advice is simple: your presentation needs to be made from the investor’s perspective. They’re nervous; they’re cynical; they’re suspicious. You believe you’ll succeed, and of course it’s good that you have that confidence. But your audience is concerned:
• Is there a proven demand for your solution? Is there any doubt that “the dogs will eat the dog food,” i.e., that the market will respond at the price-point you intend?
• Are the margins and rates of return associated with the business attractive?
• Are there unacknowledged risks?
• Is your team qualified based on its track-record?
• Does the use of funds make sense? Is there a good reason you’re raising investment capital vs. simply selling product?
• Is the amount you’re suggesting too much? Too little?
• Since an investor will be placing trust in you and spending a great deal of time with you, does your presentation show that you are both trustworthy and likeable?
I look forward to this each year. At a minimum, it’s an opportunity to meet dozens of new people, most of whom have an honest passion for what they’re doing and making the world a better place in the process. It’s also a terrific learning experience, as I come face to face with a great number of new technologies.
I’ll post an update after the session.
Isn’t it ironic that presentation comes before viable science?
Not really dragmit, the best science in the world is useless unless the people who can pay to advance it, know what it can do and believe the person who says they can do it, and that they will make a fiscal or social return on it. Pitching time after time is tough, and most times without success, but we all do it to reach perhaps the one or two people out there with the funds and ability to “get it” and join us in our particular project. I’d like to say all good science will get there in the end but it won’t, only good science with a committed and indomitable sponsor will see the light of day and implementation.