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PitchTo
Today I’m pleased to announce the public beta release of PitchTo. PitchTo is a dedicated platform for managing and rating founder pitches and provides a way for entrepreneurs to get feedback on their product or pitch.

While working with founders on their pitch deck either preparing for demo day or investor meetings I saw an ongoing theme. While in person feedback is great, founders would also like a better way to get feedback on their pitch from their network. Two more areas where I saw an opportunity for PitchTo is talking with investors about how they keep track of all their companies they see at pitch events, one on meetings, hackathons and demo days. Ironically, most investors were either using a note taking application like Evernote, google docs or good old pen and paper. The other space where PitchTo could be used is judging hackathons, pitch contest or startup weekends. Surprisely, a lot of the hackathons and pitch contest still use a pen and paper rating system such as in the photo below.
paper-form

With PitchTo investors, pitch event judges can easily rate pitches and share the rating via email and or on social media sites. But PitchTo is not only for investors. For founders looking to get feedback on their pitch deck or pitch video, you can upload one or both to your profile and ask for feedback or if you’re pitching at an event, ask the audience to use PitchTo to rate your pitch. My thought has always been, during a pitch event or hackathon, it would be helpful for a founder to be able to collect feedback from the audience and not just from the judges.

PitchTo also has with a built in pitch score algorithm based off of nine pitch data points. The PitchTo Score is based on my experience working with founders on their pitches and researching with investors, venture capital firms and angel investment groups. The goal is to standardize how individual pitches are rated using all of the same data points in the decision making process of rating pitches and deciding investments.

The Nine Core Pitch Data Points
Founder: Does the founder has what it takes operate a success business?
Business Model: Does the company have a hockey stick style business model?
Presentation: How well did the founder present their pitch?
Competition Scale: Does the company have a lot of competition? It ranges from none to a crowded market.
Has The Company Found Customer Validation? Does the company have traction or are they still figuring things out?
Size of the Market: What is the big opportunity in terms of revenue, or user growth?
Sentiment: How did the pitch make you feel?
Would You Invest: A simple yes or no.
Would You Use This Product: A simple yes or no.

Additional Pitch Data Points
Rate The Concept Being Pitched: What problem are they trying to solve?
Rate The Team: Is it a “A+” team?
Rate The Design: How does the product user experience and user interface look?
Rate The Originality of the Company: Has this idea been seen/done before?
Overall Polish of the Product the Demo: What was the completion rate of the product during the demo?
Rate The Key Differentiation aka the Secret Sauce: Does this company has something special to increase their chance of success?

PitchTo is still in beta and I’m excited to hear feedback on how to make it even better.

You can join PitchTo at http://pitchto.co/join

startupvaluation infographic via Startups.co / hat tip VentureBeat

how-startup-funding-works-infographic

 

How Startup Funding Works from Funders and Founders co-founder Anna Vital does a great job of visualizing the split of equity at different stages of a company’s life.

A hypothetical startup will get about $15,000 from family and friends, about $200,000 from an angel investor three months later, and about $2 Million from a VC another six months later. If all goes well. See how funding works in this infographic:

Is dilution bad? No, because your pie is getting bigger with each investment. But, yes, dilution is bad, because you are losing control of your company. So what should you do? Take investment only when it is necessary. Only take money from people you respect. (There are other ways, like buying shares back from employees or the public, but that is further down the road.)

via Funders and Founders

CoffeeStartups is for coffee lovers, storytellers, geeks, technologist, gourmets, and creative people passionate about sharing stories and drinking coffee. We’re bring together entrepreneurs, thought leaders, technologists, designers, and writers to share a unique story to the group.

Each CoffeeStartups event has a specific theme and we invite two people to present their story orally to the group. For Each participant takes turns acting as the moderator and the storyteller. At the end of the event we all walk away energized, inspired, motivated, and happy to have made some meaningful connections with fellow coffee lovers.

The January Theme for Coffee Startups is Launching and our speakers are:
coffeestartups-logo

</p>
<p>Micah Baldwin

Micah Baldwin
@micah
CEO, Founder, Graphicly

Tony Gauda

Tony Gauda
@tonygauda
CEO, Co-Founder,BitCasa

Our first event kicks off Saturday January, 26, at SOMAcentral, 153 Townsend Street, San Francisco, CA. You can join the CoffeeStartups meetup group to stay connected and RSVP for tickets on Cosemble

If you interested in sponsoring we can be reached at contact@coffeestartups.com

http://www.meetup.com/CoffeeStartups/

coffee anybody??
flickr photo by anvancy

If there are two things I love it’s coffee and startups. You add those two ingredients and you have an awesome community. With that begin said I’m excited to partner with Matthew Wise cofounder of founderly to organize a series of CoffeeStartups events in San Francisco.

coffeestartups-logo

CoffeeStartups is for coffee lovers, storytellers, geeks, technologist, gourmets, and creative people passionate about sharing stories and drinking coffee. At each CoffeeStartups Stories event we bring together entrepreneurs, thought leaders, technologists, designers, and writers to share a unique story to the group.

Each CoffeeStartups event has a specific theme and we invite two people to present their story orally to the group. Each participant takes turns acting as the moderator and the storyteller. At the end of the event we all walk away energized, inspired, motivated, and happy to have made some meaningful connections with fellow coffee lovers.

Our first event kicks off Saturday January, 26, at SOMAcentral, 153 Townsend Street, San Francisco, CA. You can join the CoffeeStartups meetup group to stay connected and RSVP for tickets on Cosemble

I’ll be announcing our first two speakers later this week. If you interested in sponsoring we can be reached at contact@coffeestartups.com

http://www.meetup.com/CoffeeStartups/

A great list of what to focus on to be successful in 2013. The Success Indicator
the-success-indicator-infographic.jpg
via Marc Benioff FB

The Shift To Visual Social Media #infographic via socialmouths