Where Founder Pitches Go Wrong
Heads up! This is a great time to start a company. According to NPR, there’s an Unexpected Boom In Startups. “Most of these new businesses are seizing opportunities created by the weird coronavirus economy — an economy where people don’t really want to do stuff face-to-face anymore… Economists have a term for this…”creative destruction.”… Harvard University economist Joseph Schumpeter… described it as a process of “industrial mutation … that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” He placed it at the center of capitalism, arguing that it was a force that made capitalism much more innovative than socialism.”
We know that many of you are working on newcos. We hear this from you all the time and our online investor breakfasts are certainly proof of it: everyone briefly pitches and everyone has a newco. We receive your decks and executive summaries and, since we do investor breakfasts semi-monthly, we must know all of the investors (we do know literally hundreds of them), so we’re often asked can we please send out your enclosed deck to the investors for whom we feel it might be appropriate? Happy to! But we get paid for our time.