I spent most of the past week in Arizona attending the Arizona Angel Investing Conference. I’ve been to a few other conferences but was quite impressed with the content of this one. While there, I had the great opportunity to network with many influential angel investors in Arizona, and the feedback that I received was quite interesting.
When an entrepreneur is seeking capital for a new business venture, most people in the entrepreneurial community would suggest they write a business plan to submit to investors. However, how many investors really enjoy reading an extensive 20-25 page business plan? I believe that most investors MAYBE read the first page and then decide whether they will skim through the rest or not. That fact of the matter is that investors don’t have the time or the interest to read an entire business plan.
What does this mean? Entrepreneurs need to do a better job of appealing to investors through either an executive summary or a well-rehearsed elevator pitch.
Understanding that this is the case, FundingUniverse.com is providing these types of opportunities to appeal to angel investors. As mentioned earlier, we’ve already started our quarterly Speedpitching Events. In the near future, we are launching “PodCast Pitching” and “Video Pitching” that will allow entrepreneurs to record their elevator pitch and get it in front of investors through voice or video recordings.
