Founding a Startup is tough. Getting a funding is even tougher. Entrepreneurs prepare presentations and do all the hard work, but sometimes it all goes in vain. The Founder Institute gets a list of rookie mistakes every entrepreneur should avoid when pitching Investors.
Topping the list is the estimate of $1B in revenues by year 5. A very basic mistake is not including any visual elements in the presentation. Not knowing TAM( Total Addressable Market) and SAM ( Serviceable Addressable Market) is also a big setback as this will impact your projected profits. Likewise, underestimating the variable costs thereby overestimating profit is a sure shot way to turn the Investors off.
This infographic from The Founder Institute is a must read for any entrepreneur who is looking for Investors.
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