Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Tech News

Why startup founders should pitch their ideas as often as possible

Michelle Ezenduka by Michelle Ezenduka
January 30, 2022
in Tech News
Charting a new course for venture capitals and early-stage funding
Share on FacebookShare on TwitterShare on Linkedin

There is a boom in tech startups in Africa and a lot of Ideas have blossomed into full-fledged working companies and the world is beginning to take notice.

Many tech startups domiciled in Nigeria and Africa at large have become the recipients of funding from various international venture capitalist firms and investment companies.

All the tech startups that have received funding or any kind of support from various investors or venture capitalists have one thing in common, Pitching.

RelatedPosts

States in Nigeria with largest internet subscribers as of March 2022

NCC reveals 83.3 million Nigerians connected to broadband as of May 2022

Pitching is important for different reasons, the first reason is funding. One of the fastest and also the most popular ways to get funding as a startup is by pitching your business idea. Most founders of successful startups have at some point in the process of building their companies had to pitch their companies to someone or a group of people in order to get them to be interested enough to fund it.

Another good reason to pitch is to get ideas. An idea can be great but inputs can make it better. Whatever the idea is, when brought before a good audience there is a great possibility that people would have a take on the idea and could make contributions on how it could be better or easier.

Pitching often is also great because it helps to point out flaws in the idea. An idea could be great to the one who conceived it but it would take an outsider who is looking at it practically to point out its flaws or the impracticability of some parts. Also, an idea as a whole could be great but the solution it is providing is difficult to achieve and cost more than other alternatives. It is by pitching that the founder would realize these flaws.

It brings up questions about the startup that needs answering. If a startup founder pitches often to various audiences, they can gauge their reaction when certain aspects of the idea are brought up and see which questions are repeated often. This would help the founder to understand what parts of the idea need to be revisited and be prepared to tackle those questions if they’re brought up in the next pitch.

What an ideal pitch should look like

Depending on who you’re pitching to, whether a group of friends, colleagues at work, coursemates at school, fellow founders, or potential investors, an ideal pitch varies.

In all these pitches, presentations could differ, however, they should all have the following highlights in common;

  • Describing the problem, the startup has come to solve.
  • Stating the solutions that have been proffered or that are being used to solve the problem currently.
  • Stating the solution that your startup is offering.
  • Stating the target market of the startup.
  • Show what ways you have tried to apply the solution your startup is offering and the positive results (no matter how small) you have been able to achieve.
  • Stating why you and your team is the best startup to offer this solution.

Related

Tags: Pitchingstartups

Comments 1

  1. Prince Steven says:
    February 5, 2022 at 6:49 am

    Hello Michelle, I love this article how can I pitch ? My Brewery is still under Construction for more than 5 years no funds

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigerian Stocks lose over N85 billion in a day
    • Workers Strike: Gov Abiodun says workers to receive alerts in 24 hours
    • Nigeria raises $477 million in Marginal Oil Field development Licenses – Report

    Follow us on social media:

    Recent News

    Bears dominate Nigeria’s stock market

    Nigerian Stocks lose over N85 billion in a day

    June 29, 2022
    Governor Dapo Abiodun

    Workers Strike: Gov Abiodun says workers to receive alerts in 24 hours

    June 29, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com