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GETTING TO Bill Reichert Managing Director Garage Technology Ventures Crafting a Compelling Summary of Your Value Proposition

Getting to Wow

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Page 1: Getting to Wow

GETTING TO

Bill Reichert � Managing Director � Garage Technology Ventures

Crafting a Compelling Summary

of Your Value Proposition

Page 2: Getting to Wow

Youhave20seconds...

Orgohome.

TobeCOMPELLING!!

Page 3: Getting to Wow

Human Anatomy 101

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4

An effective communicator engages three body parts:

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The head

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The heart

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The gut

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Which is most important?

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”CoolCo isadynamicstartupcompanythathasdevelopedarevolutionary

technologythatisgoingtodisruptour$56billionindustry.Ourteamhasover45yearsofcombinedexperience,andwehavethreepatentspending.Weproject

thatourcurve-jumping,paradigm-shiftingsolutionwillblahblahblah...“

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“Weusea2048Diffie-Hellmankeyexchangeand256bittripleDEStoprovideimpenetrableencryptionforIoT devices.”

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Huh??

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YOU

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IgnorethePitchCoachWisdom:

“Startwiththeproblem”“Tellastory”

“Showabigmarket”“Here’stheperfecttemplate”

[ThesewillnotgetyoutoWow!]

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BECLEARWhatdoyoudo?

BECREDIBLECanwebelieveyou?

BECOMPELLINGHowmuchbetterareyou?Howareyoudifferent?

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When do you need to Wow?

PitchingtoinvestorsTalkingtocustomersSchmoozingateventsPostingupdatesRecruitingemployeesLookingforstrategicpartnersSendingoutemailsOnyourwebsiteLeavingvoicemailsPressreleases,marketingmaterialsTeamtrainingALLTHETIME!

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Model for crafting your WOW!

1DESCRIPTION

Whatdoyoudobetterthananyone?

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Model for crafting your WOW!

2BENEFIT

Whatcompellingbenefitdoyouoffertowhom?

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Model for crafting your WOW!

3DIFFERENTIATIONHowareyoudifferent?

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Model for crafting your WOW!

1 2

3

DESCRIPTIONWhatdoyoudobetterthan

anyone?

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G E T T I N G T O W O W

A LT E R N AT I V E A P P R O A C H E SALTERNATIVEAPPROACHES

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T e l l a S T O R YP a i n t a P I C T U R E

Imagine if . . .

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Dropareallybigname

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E NGAG I N G P R E S E N TAT I ON S T H AT T E L L S TO R I E S W I T H OU TCOME SP OW E R P O I N T P R E Z I F I L M V I D E O T R A N S M E D I A

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TheArtofStartupFinance

OnlinecourseatKauffmanFounders

School

Resources for Entrepreneurs

http://www.entrepreneurship.org/Founders-School/The-Art-of-Startup-Finance.aspx

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TheArtoftheStart

OnlinecourseatSkillshare.com

Resources for Entrepreneurs

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Forquestions,comments,orslides

[email protected]

@billreichert

R E S O U R C E S F O R E N T R E P R E N E U R S .

Garage website:http://www.garage.com

www. g a r a g e . c om