Simon Menashy, Investment Director at MMC Ventures, discusses common pitching mistakes founders make when seeking venture capital investment.
0:00 / 0:19exact quote · 19.7s
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“I mean, honestly, I think a lot of founders make the mistake of thinking that they need to come up with a really big formal pitch. They need to fill an hour. They produce a big IM you know, and they kind of over prepare on the documentation and the format and they under prepare on just being ready for questions.”
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More from Simon Menashy
AssertionNot publicly verifiable
Menashy: Only 10 VCs in London write active Series A checks
“I could probably name you 10 VCs in London who can write a good Series A check and will do more than a couple of those a year, and that's a problem for the community, I think.”
Simon MenashyMay 25, 2015▶ 15:32How to Pitch a Top VC with Simon Menashy @ MMC Ventures
Opinion
Menashy: Uber expands the transport market rather than replacing black cabs
“I don't think it's replacing black cabs. I mean, there may be a little bit of replacement in the short term, but I think it's enabling totally new journeys.”
Simon MenashyMay 25, 2015▶ 9:19How to Pitch a Top VC with Simon Menashy @ MMC Ventures
PredictionNot checkable as stated
Menashy: Apple Watch v1 will be rubbish but sell well
“My personal view, I would say version one is going to be rubbish, but still sell a lot. And version two will be much better and a big success.”
Simon MenashyMay 25, 2015▶ 19:02How to Pitch a Top VC with Simon Menashy @ MMC Ventures
Disclosure
Menashy: MMC Ventures primarily invests in familiar founders or warm referrals
“Most of our investments are people that we've known for a few years by the time we invest, or they're people that have come through a really a person that we trust and it makes us pay more attention and get that person in front of us quicker.”
Simon MenashyMay 25, 2015▶ 4:09How to Pitch a Top VC with Simon Menashy @ MMC Ventures
AssertionNot checkable as stated
Menashy: EIS tax scheme made the UK a top European VC hub
“EIS is a fantastic example that has made London one of the best places, and the UK generally, one of the best places to raise venture capital funding in Europe, and it's brought a lot more capital into the market from sources that might otherwise not be lookin…”
Simon MenashyMay 25, 2015▶ 12:27How to Pitch a Top VC with Simon Menashy @ MMC Ventures
Insight
Menashy: Startups commonly need multiple Series A or bridge rounds
“Normally we see companies, frankly, they do a couple of series A rounds, or they do you know, a bridge, something like that, because it's taking longer for those companies then to get to series B.”
Simon MenashyMay 25, 2015▶ 16:23How to Pitch a Top VC with Simon Menashy @ MMC Ventures
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