Week 15: Final Pitch Practice
For our final week, we really wanted to clean up our slide deck, practice our presentation and finalize the minute details regarding our financials. When creating our prototype deck, we wanted to keep a very clean theme that focused primarily on words and strayed away from using images. We wanted to keep the information to a minimum and focus on presenting only the main parts, and explaining the more in-depth parts during our presentation. After seeing other groups present, we felt like our tactic of a clean, “bare minimum” slide deck was a good idea, but felt as though we should elevate it using images and graphical representations. Taking advice from Rick and Tal, we completely changed some of our slides to wholly represent certain ideas that were more important than others. After meeting up and practicing our presentation, we found out that it takes us 5:30 to 6 minutes to finish. To adjust accordingly, we suggested that some of our faster speakers to slow down and speak in a more impactful manner. In addition, for our financials, we need to slightly modify our growth rate to reflect other growth rates seen in our industry. We are emulating SolarCity's growth rate and also taking Rick's advice on our operating expenses - Sales & Marketing is around 30% of our revenue and R&D is around 15-20% of our total revenue. We are currently updating this to reflect more accurate trends in technology companies. We feel thoroughly prepared and we are going to contact Rick on Monday to sort out any last minute questions and we are excited to present on Tuesday!
Thank you everyone for reading our blog and leaving helpful comments across the semester. Here is our final pitch video/materials. See you all on Tuesday.
Thank you everyone for reading our blog and leaving helpful comments across the semester. Here is our final pitch video/materials. See you all on Tuesday.
It's coming together. Remember that the guidelines I give are just basically industry "rules of thumb". When it comes to the real world, the numbers should be done bottom-up and justified by real customer data.
ReplyDeleteYou've come a long way. I look forward to hearing final pitch tomorrow...!
I'm glad you redid some of your slides as I really love the look of your deck. It is aesthetically pleasing, simple, and easy to comprehend. However, you do not have a slide on the patent and the "logo sandwich" the professors has requested and may think about adding that. Excited to see it tomorrow!
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