On some days, you just have to admit that you sucked big time. I had that day about a week ago at the “Opening Ceremony of the Global Entrepreneurship Week 2016 China – Hong Kong with Pitching Competition”.
As a result of our training session earlier this month, most other startups also participated in the pitching event that was held on November 15th at Cyberport. It was a great event with a huge panel of judges (9 in total!) and a rather gracious pitch time of 5 full minutes. For the first time, I publicly pitched our re-worked / re-organized pitch deck to an audience. Though, many parts remain largely the same since all the previous pitches, I did; the overall structure is more clear now. At the same time, I present our global vision for Swapit and how it can impact billions of people across the globe. That was the idea.
Yet, my execution during the actual pitch was not satisfying. I was too nervous and it got in the way of forming clear thoughts. In the end, that resulted in me leaving out some crucial key points, which I definitely wanted to communicate. During the following 3 minute Q&A session, I forgot to present some of the key data, which I had prepared as separate backup slides (e.g. demographics, popular trading categories, etc).
I sucked at pitching and I admit it.
Overall, my immediate feeling was that, it was a waste of my time and the time of the judges. After the pitching was over, I reached out to I think 5 or 6 of the judges and asked for feedback on my performance and Swapit in general. To my surprise, most of them actually thought that my pitch wasn’t as bad as I experienced it myself. Perhaps they were just being nice and trying to motivate me. However, they also had some great feedback in terms of Swapit’s business direction and how far we can take this. It appears, that many people are finally starting to understand the power of our technology, what our key advantage is over our competitors, and – most importantly – that it actually is an advantage over them.
Besides the fact, that my pitch performance wasn’t as good as it should have been, it was a great event and I was able to gather a lot of feedback about Swapit and our current stage.
I promised, I will be better next time. Soon there’s gonna be a new tale of startup pitching. Stay tuned!
Have you tried Swapit yet? It definitely does not suck! 🙂 Go to: http://get.swapit.la/now