I’ve seen more than 200 startup pitches in the last couple of years.
Most pitches do not get funded.
Sometimes people who don’t get funded reach out to me and ask, “Why?”
Here’s an example of why one entrepreneur’s pitch did not find any response from the Angels in the room:
Congratulations on your idea and your startup.
You have identified a pain point in the marketplace.
Also, as you probably discovered, while you’ve discovered a pain point in the market, nobody at the angel investor pitch event was jumping up to invest in your idea.
I think some of the reasons are:
- Business model (service vs. product)
- Scalability (business model and processes)
- Sales model (scalability, efficiency, etc.)
- Team (solo startup, almost always a big red flag)