SHAPE-SHIFTING WHEN PITCHING INVESTORS
How can you turn around a prevention question? It’s all about the promotion answer.
PROMOTION QUESTION
So, how do you think you’re going to get at this market?
PREVENTION QUESTION
How do you plan to defend your market share, given how competitive the landscape is?
PROMOTION ANSWER
We’re playing in such a large and fast-growing market that it’s bound to attract new entrants. We hope to gain increasing share in this attractive market by leveraging our startup’s unique assets …
PROMOTION QUESTION
How do you want to acquire customers?
PREVENTION QUESTION
What is your customer-retention strategy?
PROMOTION ANSWER
We’re improving our daily and monthly active user numbers each period for a net customer growth rate of x percent. We plan to accelerate this rate by promoting the following customer growth strategy …
PROMOTION QUESTION
Are there any thoughts on scaling your sales process?
PREVENTION QUESTION
How long will it take you to break even?
PROMOTION ANSWER
We’re actually managing the business for aggressive top-line growth, with a good deal of sales momentum so far. Here’s what our sales forecast looks like. Our goal is to expand our margins as we grow our top line throughout this forecast period …
PROMOTION QUESTION
What does success look like?
PREVENTION QUESTION
What is your execution plan to prevent losses?
PROMOTION ANSWER
Ideally, we will accomplish much more than that. We aspire to achieve the following vision for the business. So far, we have seen these indicators of progress toward our goals. Here are our plans for further expansion …