NYU ITP Pitchfest Workshop 1
June 1: 2015
Why we do this
Get an audience outside of the cozy world of ITP Thesis feedback
Respond to genuine interest from investors
Help you understand how to launch ideas that just need to exist in the world
Which means we’ve expanded our aim – we are not just seeking high growth, high scale companies.
We welcome everyone that has a compelling concept
What we need from you
Purpose.
Know why you are driven to do this.
Motivation.
Know what drives you? Are you trying to control your own destiny? Or build the biggest thing that you can build? Or pay off your loans as soon as possible?
Vision. Vision First.
If it is clear enough and compelling enough it will attract the right people and resources.
If it is clear enough and compelling enough AND BIG ENOUGH it will attract the SCALE AND IMPACT-SEEKING people and resources (VCs, angels, future partners and team members)
How we get ready
June 1: First pitch. No visual aids. Concept review.
June 8: Purpose
June 15: Business model fun
June 17: PITCH
Whether or not you are seeking a scalable opportunity – spend the next few days going over investor pitch deck recommendations:
Polaris (links to the first Foursquare pitch)
For lots of examples PitchEnvy
All will require you to know who your customer is. Talk to 10 per week for the next 2.5 weeks. (25 total). If you do not know how to do this, read Talking to Humans. It’s free.
Inspirational: Two Dots a Year Later
“What’s particularly great about the increase in revenue, is our team found a way to make money while sticking to our values, ensuring we’re always keeping our players’ interests and overall “fun” of the game front and center. Instead of looking for a quick win, we’re working to build our business and revenue responsibly by adding content and features that players (hopefully) find valuable enough to buy.”