Decide what should happen after the conversation
A first pitch does not have to answer everything. It should create enough understanding for both sides to decide whether a deeper conversation makes sense. Before rehearsing, write down one sentence: what exactly would you like to agree at the end?
A follow-up meeting, a review of a particular piece of evidence, or permission to send a short overview are concrete outcomes. A funding commitment is usually not a useful success criterion for a first introduction.
Rehearse against a clock, not just your slides
Speak your pitch aloud within the time you actually have. Record it only with the participants' agreement. Look for repetition and terms that need explaining. Cut those passages before you try speaking faster.
Example: rather than listing three features, describe a purchasing team checking a supplier document, seeing an open question and knowing who will resolve it. That explains a mechanism without inventing a customer result.
- The opening names a specific problem and the people affected.
- Each slide carries one idea; detail is available for questions.
- Important numbers have a definition, period and source.
- Open questions are stated rather than hidden behind confident wording.
- The closing proposes a relevant next step.
Prepare the handover
Check that the deck, one-pager and investment profile agree on the core facts. Test links in a signed-out browser. A file only your team can open is unhelpful; a public data room full of confidential documents is not the solution either.
Separate a shareable first overview from sensitive supporting material. For an unexpected introduction, an accessible PDF with a contact route and a clear date may be enough.
- The file opens on a phone.
- Round details and the next milestone are consistent.
- Confidential customer details and unnecessary personal data are removed.
- You know the two questions you want to ask.
Change what actually matters afterwards
Immediately note the open question, agreed next step and owner. Not every comment calls for a new strategy. Start with the point where the other person genuinely misunderstood the business.
Then carry supported changes into the shared company record. Improvement and freshness should not disappear between different versions of a deck.
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.
