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Create Value Add Not Value Ad (vertising) How To: PHIN BARNES @PHINEASB

[PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

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Page 1: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Create Value Add Not Value Ad(vertising)

How To:

P H I N B A R N E S

@ P H I N E A S B

Page 2: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Value Add

Market

Page 3: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

it’s always competitiveL O T S O F C A S H F E W O P P O R T U N I T I E S S C A R C E C A S H F E W E R O P P O R T U N I T I E S

VC VC

VC

VC

VC

VC

VC VC

VC

VC

VC

VC

VC VC

VC

VC

VC VC

VC

VC VC

VC

VC

VC

VC

VC

VC

VC

VC

VC

VC VC

VC VC

VC VC VC VC

VC

VC VC

VC

VC

VC

Page 4: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

My = Your $ $ $

$ $

$$

$ $

$ $ $

$ $

$$

$ $

Cash is a Commodity

Page 5: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Value Add or…

Page 6: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

You don’t need to advertise…

But you need to add value.

Page 7: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

To build & serve the strongest community of entrepreneurs

O U R M I S S I O N

Page 8: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Portfolioknowledge. shall. not. pass.

Page 9: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Communitypass it on!

Page 10: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

We Can Build Better Companies, Together

Page 11: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

A Product for < 1%

Page 12: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

How do I...

Page 13: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

“Customer”What do you mean by

Page 14: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

“Marketing”What do you mean by

73%of my referrals are from other founders.

Page 15: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"
Page 16: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

The Customer Journey

Page 17: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Founder“There has never been a

company like my company.”

T H E F O U N D E R

Page 18: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

“The reviews were great on Yelp…”

Page 19: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

“You should be honored by my lateness.”

T H E A C T U A L E X P E R I E N C E

Page 20: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

“Seriously?”F O U N D E R S :

Page 21: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Fundraising SucksT H E P R O B L E M :

Page 22: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Buy Side Sell SideT H E D I S C O N N E C T:

Page 23: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Your equity is worth more

than my…. $ $ $$

$ $

$ $

$

”—every investor, ever

Page 24: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

We’re on the sell side

Page 25: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

VC FoundersP R O D U C T C O N S U M E R

= =

Page 26: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Value their time.P R O D U C T R E Q U I R E M E N T S

Just say “No.”

Page 27: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Show up prepared.

prepare, engage and follow through

P R O D U C T R E Q U I R E M E N T S

Page 28: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Have rhythm.

transparency communication

P R O D U C T R E Q U I R E M E N T S

Page 29: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Have soul.

your 1:30 may be their biggest meeting

P R O D U C T R E Q U I R E M E N T S

Page 30: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Yes, you can.

Page 31: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Table stakes.

Entrepreneur-FriendlyTrustworthy

CollaborativeSupportive

ExperiencedInfluentialVisionary

Strong LegacyThought Leader

Risk-TakerInnovative

Expert

What do you look for in an investor?58%

55%35%

34%32%

23%12%

11%9%9%

6%6%

Page 32: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Don’t be a douche.

Page 33: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

T H E G O O D N E W S

Startups need money.

(duh.)

Page 34: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

T H E B A D N E W S

Startups don’t need your money.

Page 35: [PreMoney SF 2015] First Round >> Phin Barnes, "How to: Create Value Add, Not Value Ad(vertising)"

Embrace Sell SideT H E