Blockchain startup pitches for investors
Perhaps, the most challenging part of a blockchain startup is to attract investors who will be willing to put the money into your business. But, there is a lot of preparations & factors to be considered before any Crypto Genius investor would even bother to look at what you have to offer. You will get financing quite easily if you have something of value for the investors.
There are two predominant aspects of writing a blockchain pitch that will expedite your chances of falling into the radar of a potential investor. Your pitch needs to have a Credibility & Profitability attachment to it which will smoothen your ride to getting the funds for your business. Era will help you to take a closer look into the scenario.
Let them know what you got
Who are you? What are your intentions? How can you solve an industry problem in a way that the existing players in the market havent been able to? What is the primary objective of your business? What kind of blockchain solutions do you offer to your clients?
Make sure you the answer to all the above-mentioned questions which will provide much-needed clarity to the investors who will be inclined to put their money into your vision. However, your introduction should be compact & precise. Dont keep it too long. Just stick to the simple side of life and try to communicate in the easiest way possible without making it all too intricate for anyone to understand.
Unique Value Proposition
Investors are looking for those startups that can innovate and offer real-time solutions with less wastage of resources. Such startups should be able to pinpoint the areas that need significant improvement so that the grievances of the customers can be alleviated. This will also create significant demand for the product that you have to offer.
So you should channel your efforts in finding out the prevalent market need and it will help you stay ahead of the curve. This is exactly what investors usually look forward to. It will also help your startup to gain significant recognition in the market.
Keep it slick & simple
So, now you know what kind of problems are being faced by the customers. Therefore, you must know how to present your solution which is specifically designed to eliminate the prevailing industry problems. This is an opportunity for you to describe what you have to offer. Hence, describe your product and let investors know the functioning of your product.
Dont forget to mention the specialties and how is it going to reach the target audience so that the benefits can be availed through it. You should also keep in mind that are also the kind of investors who are not quite familiar with the concept of blockchain technology yet. Hence, keep your pitch as simple as possible to enable the investors to understand your pitch precisely.
Present your exclusive business model
This is the specific stage where you will be confronted with some questions from the blockchain investors. It is one of the most common questions that blockchain startups must have a sound answer to.
How will the business make money?
You might have the most aerodynamic business idea that can change lives but it will be of no use if you fumble at this question. Your chances to bag funding will diminish significantly if you dont have a crystal clear answer to this question. So, define the underlying business model in your startup pitch and keep it fair & square. Furthermore, let investors know that you know the business and the roadway to making money through it. You can incorporate some of the below-mentioned business models to unleash the money inflow into your business.
- Professional services based on blockchain
- Peer-to-peer blockchain model
- Software product based on blockchain
- Utility token
- BaaS i.e., Blockchain as a service
Investors care more about the solution provided more than the technology itself. Moreover, the money part plays an important role so they look forward to this aspect of the deal the most. So, cut to the chase and talk about how the revenue will be generated through your blockchain startup.