Microsoft BizSpark - Microsoft BizSpark is a global program that helps software startups succeed by giving them access to Microsoft software development tools, connecting them with key industry players, including investors, and providing marketing visibility to help entrepreneurs starting a business. Microsoft BizSpark is a worldwide partner of the Founder Institute, providing software, support, facilities, and mentoring to many entrprenuers within the Fouder Insitute network. Learn more about our partnership here, and sign-up for BizSpark here.


Clifford Chance is one of the world's leading law firms, with 33 offices* in 23 countries and some 3,200 legal advisers. www.cliffordchance.com


Sanoma Media is a media company that crosses frontiers, with her expertise, creativity and appealing content Sanoma creates the right context for advertisers to achieve their objectives. Sanoma Media Netherlands B.V. is a part of the Sanoma Group, an European mediagroup operating in several media sectors in twenty countries www.sanomamedia.nl


V-Ventures is a holding company with a portfolio of Dutch investments geared towards news- and information supply and management www.v-ventures.nl  

Top Three Fails of Your One-Sentence Pitch

Posted by Amity Sims on 2013-12-17

An entrepreneur’s one sentence pitch is often their most valuable weapon. Get it right, and you could be on your way to making it big. Screw up, and you may find yourself back at square one. For many early-stage entrepreneurs, perfecting the elevator is one of the biggest challenges of starting up.

Below are the top three mistakes new founders make in their one-sentence pitches. In these Founder Hotseat clips, Founder Institute CEO, Adeo Ressi, critiques three pitches demonstrating these critical mistakes.

 

1. Defined offering

What exactly is that you have to offer? The needs to be short, simple and capable of being understood by everyone, like “a website,” “a mobile application,” “hardware,” or “desktop software.”

 

                                

 

2. Define your audience

This is the initial group of people that you will market your offering to. In the case of consumer applications, it is usually a demographic, such as “women age 25 to 35 years old.” In the case of business applications, it is usually a job function at a type of corporation, such as “system administrators at medium sized technology businesses.” In the video below, Adeo critiques IPlanEvents for being way too broad. He says “You need to specialize. That’s a huge spectrum and you need to focus on one specific market.”

 

                               

 

3. Secret sauce

Your “secret sauce” adds a unique approach to solving the problem and demonstrates a mastery of the market. Some examples are “by sending automated email alerts based on analysis of highest response times” or “with virtual worlds constructed in reaction to the movements of the players.” In the video below, Adeo critiques a pitch from Travl8tor. His advice: “You need something that makes me believe there is something special about this service.”

 

                               

 

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window