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How To Pitch A Real Estate Tech VC

Dream It

Dreamit Urbantech Managing Director Andrew Ackerman recently sat down with Jeff for a wide-ranging conversation on real estate tech, and a large part of that conversation focused on what founders can do to successfully raise venture capital from real estate tech investors. Does the founder know how to sell into real estate?

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What Would it Look Like if Elon Musk Pitched a VC Today?

Both Sides of the Table

I’m sure you know, but Elon was the co-founder (and largest shareholder) of PayPal, the most important payment transfer technology of its era and still the most instrumental to date. It is Nikolas Tesla pitching a VC firm. The first time I met Mark Suster he was the founder and CEO of a company called BuildOnline.

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The Nature of Greatness

This is going to be BIG.

We refer to people as "great entrepreneurs" in the startup community all the time--but are they? How many founders have made hires, especially consultants, who were supposed to be great that didn't turn out to be? It was like someone gave him the instruction manual on how to pitch and no one else had it. This next one is easy.

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Some Rules for Fundraising

This is going to be BIG.

Founders don't start companies so they can spend half their time asking people for money and VCs don't love the dance either. It's fine if you want to learn about blockchain or you never do pre-product and maybe the founder will oblige your curiosity at some point, but right now, they need cash, so don't waste their time if chances are 0%.

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The Ideal Pitch Deck is a Story, a Science, and an Art

StartupNation

In the startup world, it’s pitch decks, not business plans that get companies funded. Making a pitch deck is an art, a science, but most importantly, a story. We work with founders to help them tell their company stories, so we get to see hundreds of decks and talk to dozens of companies every month. Pitch deck + story.

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Remove that ‘exit strategy’ slide from your pitch deck

TechCrunch

A lot of pitch decks I review have a slide that really shouldn’t be there: the exit strategy slide. As an early-stage startup, it’s downright nonsensical, and it shouldn’t be part of your pitch deck at all. Second, your job as a founder is to build the best company you possibly can.

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Three Weeks to Money: How long a seed investment should really take

This is going to be BIG.

Because I''m in my market and in the flow of top teams and networked with the right folks, I''m never more than a character reference away through someone I trust and know well to just about all of the people I''ve backed. In many cases, I got to know the entrepreneur before they were pitching or even had a deck.

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