Norwest’s Lisa Wu discusses how to believe like a VC when fundraising
The overlapping in task functions is remarkable: The best founders and financiers have to find focus through the sound, understand the weight of due diligence and pitch others with conviction. I love it since I can rapidly flip through the deck and usually form an opinion on it. And I believe I’ve read some stat just recently, which is that investors truly spend 2 minutes and 47 seconds per deck. Because if you’re sending me the pitch deck, I’m rapidly screening and then I’m making a decision of whether it makes sense to fulfill, however your objective is truly simply to attempt to get the conference with me to inform the story and let that unfold. Because as soon as you have a deck, that implies you can go and take it out to a bunch of other investors, too. I believe I like a deck more so than not, unless it’s in a competitive circumstance….
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