You’ve come up with an amazing idea. You’ve stacked up all your coding / photoshop skills and mocked an amazing prototype. Now it’s time to get things started with some seed money. The first destination for funding are the famous family, fools and friends. But as soon as you go beyond this initial pool of capital, you need to prepare a pitch for early stage business angels and early stage funds.
Sebastian Diemer is the Co-Founder and Chief Executive Officer of Kreditech. Kreditech is a digital bank which is the market leader in big data scoring and online lending. We had the privilege of interviewing Sebastian to find out his thoughts on pitching:
Should I start with a framework or start from scratch?
You have a great idea, your rock star startup team is all lined up and your business plan is ready to be executed. What you need next is a solid financing round from smart money business angels or venture capitalists. So you are working on your pitch deck, but the big question is how to structure your pitch deck to get the maximum impact?