Give the group one working question
More feedback is not automatically better. Ask two or three trusted founders to focus on a specific question: do you understand who the customer is? Does the next round make sense? Or do I lose you while explaining the product?
Agree in advance what must stay confidential. Use anonymised examples and share only materials you are authorised to disclose. The exercise needs neither a recording nor an open data room.
Separate presenting, questions and observations
First present without interruption within the intended time. Then listeners answer your working question in their own words. Only after that come clarification questions and suggestions. You learn what actually landed before explaining what you meant.
Example: you ask whether the business model is clear. A participant can identify the user but not the payer. That is a specific observation. A suggestion to change the pricing model immediately is a hypothesis requiring further work.
- One person keeps time.
- Listeners name a specific passage rather than only a general impression.
- Observation, interpretation and proposed solution remain separate.
- You note the feedback before defending the pitch.
Not every opinion becomes a product decision
Sort the feedback by its relationship to your question. A recurring misunderstanding is a useful signal to improve an explanation. One person's preference for a colour or slide sequence does not have to change your pitch.
Peers can test clarity, but they replace neither customer evidence nor a particular investor's mandate. If two comments conflict, test the passage with the actual target audience.
Finish with one testable change
Choose one passage and rewrite it. In the next rehearsal, ask listeners to explain it back again. This helps you see whether the change resolved the specific misunderstanding.
Carry only the clarified position into your investment profile. This guide describes a self-organised exercise, not a workshop or advisory service included in FoundMatter.
Sources and context
- Paul Krügel: experience behind the working method
- FoundMatter: distinguish facts, claims and open questions
The links provide context. These exercises are selected starting points from Paul Krügel's work with founders, not the complete framework. They are not investment, legal, tax or financial advice.
