While you have their attention, get to the point. The “ah-ha” moment. Connect them with what you’re doing and why it matters, preferably on an emotional or visceral level.The winner of a May Entrepreneur Idol pitching contest at Stanford swats it out of the park:
Linus Liang, 25, a first-year graduate student in computer science, held up a diapered baby doll. “What if I could tell you how you can save 4 million babies a year?” he asked.
Liang’s idea is to create “a low-cost incubator that could help infants in developing countries.” But put that way, how much of your attention does it grab? How motivated are you to learn more? Is that easy to grasp and file away in your memory? Do you already have opinions and emotional buy-in around low-cost incubators in developing countries, or do they just sound like they would probably be a good thing?
What about saving babies? Better yet, millions of them.
That answers “what’s in it for me” and gets right to the benefits, it connects something we know nothing about (low cost incubators) to something we value highly (saving babies), it contains an easily understood problem statement (babies are dying), and it’s all supported by a clear visual aid, the baby doll.
I saw a startup pitch a technology to “fine tune” chemotherapy — and minimize its harmful side effects — a couple of years ago. Their grabber? A young mother who beat Breast Cancer only to die because chemo destroyed her heart. That entrepreneur didn’t have to waste pitching minutes convincing us that chemo needs to be fine-tuned.
The “Rule of Thumb” (ROT) goes: you get a 30 second “free ride” of audience attention. How are you using it?
UPDATE: You really can help save babies today, please support the March of Dimes be a hero for babies…
UPDATE 2: The Google Reader Oracle coughed up this gem on pitching, via Seth Levine’s VC Adventure blog.
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