Over the past year, I’ve worked with about half-a-dozen early stage start-ups as they move on to try and secure series A VC funding. At this stage, though it may need refining, everyone has their elevator pitch. Their biggest problem tends to be with their slide deck.
There’s a curious thing happening in the world of VC and angel funding these days. Namely, that for a lot of software companies, it’s almost impossible to get a first round of funding without already having a product nearly finished. The reason for this is actually an accident based on the size of venture funds.