Video-based platform and community to connect underserved founders, investors, and partners. Because you can’t put a person in a static pitch deck.
Hello First name / there!
This month's update is brought to you by the theme, “new”. We've welcomed new founders, new investors, new partners, new team members, released new product updates, held new pitch workshops, and awarded new grants from our sponsors to underserved founders covering their Pitch it Plan™ membership. Whew! It's been busy and exciting, which is how startup life should be. 🙂
I'm SO excited to grow our team with people passionate about increasing diversity in the startup and funding ecosystem.
We work with many fantastic partners supporting undernetworked founders and there are two I'd like to highlight this month:
Scroobious members now have access to BuiltFirst. Our community has access to exclusive discounts typically reserved for VC portfolio companies on hundreds of top tools and services like Stripe, Airtable, Salesforce, Bubble, Carta, and more.
Our members can also get free premium membership to Paperstreet, which makes sending investor updates easy. I use it for my weekly investor & advisor update emails. (Yes - you read that right - weekly. Check out this LinkedIn post for more info on why I do that.)
We've got loads of other exciting initiatives going on, but to spare you a TL;DR, I'll stop here. If you'd like to hear more or just catch up, don't hesitate to reply! It goes straight to my inbox. If you're a founder considering PiP but have questions, book an intro call with me. If you're with a company looking to support diversity in the startup ecosystem, let's chat about how we can collaborate.
Thank you for reading this. Thank you for helping us. I appreciate you.
Allison Byers, Founder & CEO
News & Events
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In Your Words
Each newsletter features the perspective of one of our members.
This month’s featured founder is Pablo Bello, Founder & CEO of Flora Health. Pablo is building a platform for treating and diagnosing IBS, which he has suffered from since he was a teenager. Not only does he have first-hand experience with the issues surrounding diagnosis and treatment, he also has a mechanical engineering degree from MIT and an incredible background in product at start-up tech companies.
Pablo is genuine, passionate, skilled, ambitious, and eager to learn. He'll be joining On Deck's Founder Fellowship this summer and I cannot wait to follow his success. Investors with early access to our member portal can see his pitch video now, or reach out and ask him to send it to you!
He shares some excellent advice about pitching based on his experience below.
"While building a proof-of-concept the last 4 months, I’ve had the opportunity to speak to fellow founders, VCs, and angel investors about a pre-seed round. It’s given me some very interesting perspectives on the state of fundraising.
First off, true pre-seed rounds are Herculean tasks. Unless you've had a $15M+ exit on a prior startup, it seems rare to get funding pre-revenue and pre-product. For the average founder, you will likely need at least a proof-of-concept and some promising traction. For an underrepresented founding team, I’m afraid that it might need to be more.
I've also come to realize that most founders will need 4 pitch deck documents at this stage:
5-min pitch deck (8-12 slides) that is short enough to be done in pitch competitions or other events. Don’t include a fundraising slide to avoid solicitation concerns.
Video of you presenting the 5-min (or less) pitch deck.
Regular pitch deck to send to investors when you do a reach out (12-20 slides). You may not want to include a fundraising slide if you're still at an early stage.
Long pitch deck (up to 30 slides) with additional slides for in-person or zoom meetings so that you can jump to specific slides mid-meeting if needed."