powered by Monash
GeneratorTHE
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You’re a semifinalist…
now what?
STEP 1Eyes Wide Open
Thisisanintenseprogramwithsubstantialtimecommitments.Youwillhavenerves.Youmayfeellikeyoucan’tmakeitorthatyourideaisn’tgoodenough.Thisisnormal.
Ifyoufeellikeyoucan’tgothedistance,youneedtotalktotheGENERATORnow.
Remember,yourpositionwascompetitivelywon– meaningthatyouhavetakenaslotthatanotherkeen,eligibleteamwanted.Youoweittoyourself&tothemtogiveitasolidgo.
We ARE here for youTheGENERATORisheretosupportyou.
Wehavedesignedtheworkshopsinanattempttofitinwithyourbusyschedules.
Wewillalwaysdowhateverwereasonablycantosupportyouandyoursuccessintheprogram.
“Yourmountainiswaiting…sogetonyourway”!
Thisjourneyisyours,andyouareresponsibleformakingyourway.
Wehavetriedtooutlinehowitallworks– feelfreetoaskusquestions.Butyouareresponsibleforknowingwhatisexpectedofyou– andignoranceoftheexpectationisnotanexcuse.
Wewillnotchaseyouforanyofthehomeworkordeliverablesoutlinedinthisdeck.
HOMEWORK ReviewallPitchOriginator&Acceleratoreventdates:http://entrepreneurship.apps.monash.edu/category/events
LetusknowASAPifyouhaveconflicts
STEP 2Help me help you
I need from you
1. Review your name spelling & those of team members
2. Add/update team members3. Ensure pitching team member is correct4. Provide phonetic pronunciation for all5. Bio for pitching team memberGOOGLE DOCS: https://drive.google.com/a/monash.edu/file/d/0B3655k256ZSrQk54ZkxDQlNpaU0/view?usp=sharing
No later than 15 sept
o Writtenin3rd persono Keepasshortaspossible(max3sentences)o Makeitunique– includesomethingmemorable,sillyor
interestingfromyourearlyyearso Wegetitthatyourjobswerex,y,andz– focusinsteadonwhat
thatexperiencebroughtforyou(teamwork,introducedtoaglobalnetwork)
o Whatdoyoudooutsideofwork?Whatareyouknownfor?Whatdoyoulove?
o Readitandnotehowitmakesyoufeel– we’reallhumanandwanttoconnect
Bio Tips
HOMEWORK Review,Check&CompletetheGoogleDoc - allfields
STEP 3Show up
be there8 Sept 2-4pm Startup Accounting13 Sept 9am-5pm Pitch2Win15 Sept 2-4pm IPEssentials22 SepT 2-4pm ProductDevelopmentBasics29 Sept ELEVATORAWARDS20 Oct ACCELERATORstarts
weeklyfor6weeks
Reminder: Dress Code is Black Tie Formal at The ELEVATOR AWARDS
The generator’s VoteWhy should you participate fully in the upcoming workshops ahead of The Finals?
TheGENERATORwillprovideanadditionalscoreonthenightoftheELEVATORAWARDSandagainattheInvestorBoardroomPitch
Scoringwillbebasedon:• Participation&commitment• Passion&eagernesstolearn
Tickets to the elevator awards
• Wearelimitingtheeventto200total,includingteams,mentors,judgesandGENERATOR
• Thatmeanswecan’tinviteyourextendednetworktocomealong
• Eachteamisallocatedoneticketperteammember,withamaximumof2tickets/team
• Ifyouhaveadditionalteammembersthatwouldliketocome,youneedtoseemeearlytobewaitlistedo Wewilldoallthatwecantoaccommodatehavingallcontributingteammembersattendonthenight,butwecannotguaranteethis.
HOMEWORK RSVPpitchingteammemberandONEadditionalteammember(refertopreviousslide)withname,email,dietaryrequirements:[email protected]
[email protected],email,dietaryrequirements
STEP 4Brain picking
Mentoring: What to Expect
2x In-personmeetingsbetweennow&theELEVATORAWARDS- Itisuptoyoutoschedulethese
Unlimited ConsultationswiththeGENERATOR– pickourbrains!
AllfeedbackrequestsmustbesubmittedthroughaMentorloop loopwithLaura
How to Get the Most Out of Your Product Development Mentor
Tip 1 Establishcommunicationmethods&frequencyofcontactfromthebeginning
Tip 2 Taketheinitiativetoschedulemeetingswithyourmentor
Tip 3 Gointoallmeetingswithsomeideasyou’dliketodiscuss(butdon’tbeafraidtostrayoffcourse)
Tip 4 Berespectfulofyourmentor’stime– donotoverburden,bepatient
Tip 6 Whenyoureceivecorrectivefeedbackfromyourmentor,don’tbedefensive
Tip 7 Expressyourgratitude
Tip 5 Avoidtrust-breakingbehaviourssuchascancellingappointmentsornotfollowingthroughonleadsandcontactsgiventoyoubyyourmentor
disclosure• YourmentorshavenotsignedNDA/CDA’s.Wewillnotaskthemto,andyoushouldnoteitheratthisstage
• Ifyouhaveintellectualproperty(orthepotentialtohaveIP),donotdisclosethe‘secretsauce’ – thatisnotrelevantforyourmentorbeingabletosupportyouandaddvalue
• Ifyouhavequestionsaboutdisclosure,consultwithMonashInnovationearly
HOMEWORK Setupmeetingswithyourmentors.
Ifyouhaven’talready,setupyourMentorloop account:https://app.mentorloop.com/recruitment-form/ZavyC7XcAgPBD9Rgd
STEP 5Prepare your pitch script
3 minutes = eons• Startbuildingfromyour60secondpitch,fillinginthedetails
• Haveadraftofyour3minutepitchreadyforthe13Septemberfull-dayworkshop
Passionately&clearlycommunicateavisionDon’toversell- investorscaneasilyseethroughcrapFocusonyourstrengths&remaincandid
Scoring rubricPanelofseasonedentrepreneurs,angelinvestors,venturecapitalistsandcorporates
ELEVATOR AWARDS
Criteria1:INNOVATIONConceptQualityCreativityFeasibility
Criteria2:MARKETLandscapeCustomersCompetition
Criteria3:STRATEGYBusinessModelCustomerDev.Pivot
Criteria4:VIABILITYScalabilityFundraisingSustainability
Criteria5:SOFTSKILLSCommunicationTeam“Wow”Factor
If you get their attention…
Pitchestheypayattentiontowillbecomparedbasedoncommercialviabilityandupsidewhichisoftenevaluatedbasedonthe3P’s…
Potentialhowbigisthepossiblereturn?
Probabilitywhat’sthechanceofsuccess,exit?
Periodwhat’sthetimeframetoexit/profitability?
HOMEWORK Draftof3minutepitchreadyby13September
AskforfeedbackfromGENERATOR(pitchscriptand/orlive/videopitchpractice)
Practiceonpeoplethatdon’tknowthetopic,askforfeedback
STEP 6Prepare your
Slide deck
10n20 Pitch Format
10 Well-crafted,cleanPPTslides
20 Secondsperslide…thesewillbeonautotimerandwilladvancetothenextslideafter20secondswithorwithoutyou
Silence! Attheendof3minuteswe’llclapyouoff,whetheryou’redoneornot.
20secondsremainingcue
a Powerpoint presentation• Yes,itdoesneedtobeinPowerpoint format,but
youarenotpresentingfromyourslides.• Theslidesaretheretosupportandaugmentwhat
youaresaying.• Ifyougetstuck,youcanleanonyourslidetoget
unstuckandremindyourselfwhereyouareandwhatyouwanttotalkabout.
• DONOTrefertoyourslidesATALLinyourpitch.Pretendtheyaren’teventhere!
Your pitch is not…
pitchenvy.com
What Does a Good Slide Deck Look Like?
bestpitchdecks.com
Slide:ologyPresentationDesignZen
SlideshareNoteandPoint
• Useacorporatecolourpalette• Nofontsmallerthan30point
• Deckshouldbecontentlight• <10words/pageisideal• Showgraphics,charts&screenshotsthatneedlittleornoexplanation• Usesingle-wordbullets
Style Tips
• Checkfortypos/matherrorsorinternalinconsistencies• Useconsistentformatting:capsvslowercase,colours,fonttype,fontsize,spacing• Fonttype:easytoread– nooddlookingletters• Don’tusedashesasbullets:theylooknegative.Useotherstyledbullets
Style Tips
Giving a Visual Presentation
apple
Yes!No!
No Movies or Animations
KILLER PRESENTATIONSAre NOT Documents for Live Reading
1Idea per slide
Thefollowingbeautifulchunkofslideswereborrowedfromhttp://emiland.me/
A few examples I found on my adventures through the internet…
DIY Infographics
Easel.lyPiktochartInfogr.amVenngageCanva
HOMEWORK Identifykeypointsyouwanttocommunicateviaslidesandbeginaworkingdocumentforfeedback
STEP 7Other ways to get ready
ways to prep for The Finals
Previewoftheawesomevenue
Readuponthejudges– knowyouraudience!
Practiceonfriends&family
ScheduleapracticepitchwiththeGENERATOR
Ironyoursuitordryclean yourdress
5
Listen to other pitches
Youcanfindlotsofotherpitchesonline,somegreat…somenotsogreat.
Isuggestlisteningtothearchivesofthepodcast‘ThePitch’ http://thepitch.fm/
Acceptance Speech• Ifyouareoneofthefivefundedfinalistteams–youwillhave30-60secondsacceptancespeech
• Youmaywanttocomepreparedsoyou’renotonthespotandforgettothanksomeone
HOMEWORK Writeyouracceptancespeech
HOMEWORK SUMMARY• Datesintoyourcalendar• Googledoc• RSVP/waitlist• Mentormeetings(2x)• Mentorloop• 3minutepitchscript• Practicepitchadnauseum
• Assembleyour10slides• Writeyouracceptancespeech
• ReviewanydocswithGENERATOR(earlybirdgetstheworm)
WANT TO KNOW MORE?GET IN TOUCH!
www.monash.edu/[email protected]/monashGENERATOR
7InnovationWalkAG01-04(ClaytonCampus)[email protected]