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NIST GCR 02-281
"The Art of Telling Your Story"

Tips & Insights for Putting Your Best Foot Forward with Investors and Corporate Partners

1.

How to Use This Guide & What to Expect

With this guide you can quickly get help on a wide variety of presentation techniques and topics. Written in a fast-paced, easy-to-read style, it offers specific and practical tips. For example, you can glance through the Table of Contents and simply click on a topic of interest. You will be instantly connected to that section for comments, ideas, lessons, and examples (links are available only in the electronic version). This guide is not intended to provide a comprehensive, step-by-step recipe for giving presentations. Plenty of books and other resources offer that kind of information. Instead, our purpose is to equip you with skills that most presenters lack. You will learn how to control and captivate an audience so that you and your company will stand out in a crowd.

You do not need to read through this guide in any particular order. In fact, it is designed so you can jump in and out of it in as little as 3 minutes to get valuable help. Use this guide whenever you want to get a quick new idea or suggestion for your presentation. This is the same way that entrepreneurs operate and it also respects your limited time.

To become a great presenter you must be open to considering different approaches. Just because you are comfortable or even satisfied with the way you currently present your business in front of a group does not necessarily mean it is the most effective approach. Even experienced and polished start-up chief executive officers practice over and over. They try out new ideas and get critiqued by others. Sometimes they videotape their presentation to find ways to improve. The tips and concepts you will learn in this guide have helped scores of entrepreneurs to significantly improve their ability to raise money and attract corporate partners.

You may find that some of the tips below are obvious or simply common sense. But, as we all know too well, common sense is rarely common practice. An Internet search on “presentations” generates 1.5 million hits! Why so much information and yet so few great presenters? Part of the problem is that nearly everyone teaches the same techniques. With everybody using the same cookbook, most presentations end up looking the same. For example, there is the age-old approach to “tell them what you are going to tell them, tell them, and tell them what you told them.” Although this technique applies in some situations, it also can result in terribly redundant and boring presentations. In contrast, this guide addresses situations that will arise as you go and meet with investors (e.g., handling a disruptive person who is intent on torpedoing your pitch, and you while he’s at it).

Why are there so many mediocre and poor presenters? Because people think that just because they have done a lot of presentations they are good at it. That’s like saying if you shoot 1,000 free throws at a hoop then you are a good shooter. What if only 10 shots go in? In fact, if anything, you are very good at missing. People who do lots of presentations, but keep repeating the same mistakes, are practicing failing. Yet we frequently hear entrepreneurs say they already know how to present because they do it all the time. Think about this: How many people in an audience are going to come up to you and give you sincere, objective, and constructive feedback? Most entrepreneurs get busy doing the stuff of running a company without taking the time to learn and practice the right techniques.

It is hard work to become a strong presenter (i.e., telling the story of your business in such a way that compels people to want to be on your team and pursue your mission). You must be committed and always open to learning. We have shared the techniques in this guide with hundreds of entrepreneurs around the United States. We work with start-ups that have raised tens of millions of dollars in venture capital, eventually become acquired, and gone public. The techniques you will learn, and that you will really get to learn and practice at “The Art of Telling Your Story” workshop, are techniques that have helped these successful entrepreneurs. They know they need to constantly update their pitches and modify their style for different audiences.

It is essential to have a variety of techniques at your disposal so that you can be spontaneous and address any audience. And, of course, not all of these tips apply in every situation. For example, you may choose to use a prop of your own for one group of investors (e.g., 10–20 investors at a venture fair) but use a prop from one of the audience members when talking with a single venture capital firm. While it is generally true that you do not want to put too much information on your slides (especially when presenting to business people), sometimes you need to cram in a lot of technical information and test results (e.g., when pursuing a corporate partner).

Most entrepreneurs do not get the opportunity to see other start-ups present. Many of the Advanced Technology Program (ATP) winners who attend our workshops tell us that they learn a great deal from watching other people and hearing the feedback they receive. This guide captures these lessons and suggestions on how to effectively tell your story to investors and corporate partners.

ATP Commercialization Guide Section 2 Presenting Your Opportunities to Equity Investors NIST GCR 99-779

Go to Chapter 2 or return to Table of Contents

Date created: May 24, 2002
Last updated: August 2, 2005

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