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Perfecting Your Pitch with Y Combinator

StartOut2023-07-19
1K views|11 months ago
💫 Short Summary

Kat Manalac, the Head of Outreach at Y Combinator, shares insights on perfecting a pitch, emphasizing the importance of a clear and succinct one to two line pitch, and the need to answer key questions before creating a pitch deck. She also provides a quick overview of her background and the YC application process, and discusses the essential elements of a good pitch, such as the problem, solution, and market analysis, using the example of Airbnb's seed deck.

✨ Highlights
📊 Transcript
The event is a collaboration between StartOut and Y Combinator to help LGBTQ+ entrepreneurs perfect their pitch.
00:00
StartOut is a non-profit organization that supports LGBTQ+ entrepreneurs and startup founders, with a focus on increasing their number and impact.
The organization provides various programs, including a growth lab, mentorship program, and access to capital.
The speaker, Kat Manalac from YC, discusses the essential elements of a good pitch, including a clear and succinct one to two line pitch, the ability to answer key questions, and identifying what needs to go into a good pitch deck.
05:02
At the idea stage, startups should focus on building the product and talking to users.
The YC application process requires a clear and distinct answer to seven questions.
Startups should identify four to six key points to highlight in their pitch.
The minimum viable pitch deck should have a story arc and explain the company and the problem it solves.
The video discusses the importance of having a clear one to two line pitch and the ability to answer key questions before writing a pitch deck.
10:02
The one to two line pitch should be simple and not include jargon or marketing language.
It is important to have a clear idea and answer the seven questions before writing a pitch deck.
The pitch deck should focus on the problem, solution, market, traction, and team.
Including the ask and the next steps in the investor pitch is crucial for startup success.
An example of a seed deck from Airbnb is used to demonstrate the essential slides and structure for a successful pitch deck.
15:02
The seed deck includes the one-liner, problem, solution, and market slides.
Slides on product, business model, and team are crucial and should be included in the main deck.
Additional slides such as press, user testimonials, and the ask can be included in the appendix.
Tips for creating a successful pitch deck include keeping the content simple and obvious, labeling graphs, and avoiding complex diagrams.
The speaker advises to have a clear one to two line pitch, answer key questions, and have a well-organized conversation with investors.
20:02
Investors look for Founders who can grow into someone who can run a large and successful company.
Founders should speak slowly and engage with the investor throughout the conversation.
It's important to have a Next Step and the ask for investment in the pitch.
Founders can ask investors about their typical investment size in a company of the Founder's size.