David S. Rose: 10 things to know before you pitch a VC for

211,924 views ・ 2008-09-29

TED


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譯者: Tracie Chen 審譯者: Shelley Krishna Tsang
00:12
Good morning.
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早安,我是David Rose
00:13
My name is David Rose.
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00:14
I am a serial entrepreneur turned serial investor.
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我從一個連續創業家,轉為一個連續投資者
00:18
And by the use of pitching PowerPoints to VCs,
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藉由有說服力的PowerPoint
我曾親自從創投業者那
00:22
I have personally raised tens of millions of dollars
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00:24
from VCs through PowerPoint pitches.
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募得上千萬美元的資金
00:27
And turning to the other side of the equation,
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然後,我轉換身份成為投資者
00:29
I've personally supervised the investment of tens of millions of dollars
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也曾經親自管理上百萬
的公司投資案
00:33
into companies who have pitched me with PowerPoint presentations.
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那些公司也是用PowerPoint來說服我
所以,我應該還夠格說,對如何說服創投者
00:36
So I think it's safe to say
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00:37
I know a little bit about the process of pitching.
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我還算有一點了解
因此,我認為當你接觸創投業
00:40
So, the very first question you've got to figure out is:
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00:42
What is the single most important thing that a VC is looking for
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來投銷你的商業點子時
各位第一要搞清楚的問題是
00:46
when you come to them pitching your new business idea?
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什麼是他們所想知道的
00:49
There are obviously all kinds of things --
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還有許多明顯要知道的事
00:51
business models and financials and markets and this and that.
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包括商業模式,和財務分析
也包括市場分析
總括來說,你必須要作的事當中
00:54
Overall, of all the things that you have to do,
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00:56
what is the single most important thing
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什麼是創投唯一最想要
00:58
the VC is going to be investing in?
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知道的呢?
01:01
Somebody? What?
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有人可以說看看嗎?是什麼?
01:03
Audience: People!
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聽眾: 人
01:04
David Rose: People! You! That's it -- you are the person.
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人?就是你--你就是這個最關鍵的人物
所以,整個說服創投者的整個過程中
01:08
Therefore, the entire purpose of a VC pitch is to convince them
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就是為了說服他們
01:11
that you are the entrepreneur in whom they are going to invest their money
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你是他們想要投資的創業家
01:15
and make a lot of money in return.
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而且可以幫助他們獲得更高價值的回報
01:17
Now, how do you do this?
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所以,你該怎麼作呢?
01:18
You can't just walk up and say,
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你不能只是走上前然後說
01:20
"Hi, I'm a really good guy, good girl, and you should invest in me." Right?
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「你好,我真是個好男孩,好女孩,
你們應該投資我」是吧?
所以,整個創投提案的過程,你只會有幾分鐘的時間
01:24
So in the course of your VC pitch -- you have a very few minutes;
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01:27
most VC pitches, angel pitches, are about 15 minutes,
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而大多數的創投提案
天使投資大約有15分鐘
01:30
most should be less than half an hour --
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多數的創投提案則少於半小時
01:33
people's attention span, after 18 minutes, begins to drop off.
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實驗證明,人的注意力僅能維持18分鐘
然後就會開始降低
01:36
Tests have shown.
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所以在那18分鐘,或10分鐘,或5分鐘的時間內
01:37
So in that 18 or 10 or five minutes,
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01:39
you have to convey a whole bunch of different characteristics,
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你必須傳遞出許多不同的人格特質
01:42
about 10 different characteristics,
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實際上,從你上台報告開始
01:44
while you're standing up there.
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你必須傳達出約10種不同的人格特質
而哪一項是最重要的特質,你必須傳達的?
01:46
What's the single most important thing you've got to convey? What?
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是什麼?
01:49
Audience: Integrity.
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(觀眾) 正直
01:51
DR: Boy, oh boy, oh boy!
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哇!好傢伙!正中目標!
01:52
That's a straight line, look at that!
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我甚至都還沒有提醒他呢
01:54
And I didn't even prompt him.
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01:55
Right, integrity. The key thing.
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答對了,正直,因為這是最重要的
01:57
I would much rather invest in, take a chance on,
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你知道嗎?我寧願投資在
某個我知道是正直的人身上
02:00
somebody who I know is straight than where there's any possible question
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也不願投資給某個可能有問題的人
也就是他們可能另有所圖
02:04
of who are they looking out for, and what's going on.
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或企圖不明
02:06
So the most important thing is integrity.
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所以最重要的特質是正直
除了正直之外,第二重要的特質是什麼?
02:08
What's the second most important thing?
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讓我們看看有沒有人可以回答這個問題
02:10
Let's see if you can get this one.
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(觀眾)自信
02:12
Audience: Self-confidence.
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02:13
DR: Close enough. Passion.
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非常接近了! 是熱情
02:15
Right? Entrepreneurs, by definition, are people who are leaving something else,
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沒錯,我們要的是
定義上的創業家
這些人會跳脫世俗,開啟一個全新的世界
02:19
starting a new world, creating and putting their lifeblood into this thing.
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而且會把他們所有的心血完全投入到這項事業
02:23
You've got to convey passion.
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各位必須要傳遞出熱情
02:24
If you're not passionate,
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如果你自己都對自己的公司沒有熱情
02:26
why should anyone else be, or put money into your company
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別人怎麼會對它有熱情呢?
一旦你自己都沒有熱情
02:29
if you're not passionate about it?
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其他人為什麼要投入資金在你的公司呢?
所以,正直加上熱情,是創業家最重要的必備特質
02:31
Integrity, passion: the most important things.
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02:33
Then there's a whole panoply of other things you've got to wrap up
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接著還有很多其它重要的特質
是你在向創投業者簡報時
02:36
in this package you're presenting to a VC.
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所必須傳達的
02:38
Experience: you've got to be able to say,
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例如:經驗
你必須能大聲說出:「我之前做過這個」
02:40
"Hey, you know, I've done this before."
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「之前做過這個」是指開創一個企業及創造價值
02:43
"Done this before" is starting an enterprise, creating value,
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而且是包括了從頭到尾都有參與到
02:46
and taking something from beginning to end.
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這也就是為何創投喜愛資助連續創業家
02:48
That's why VCs love to fund serial entrepreneurs --
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02:50
even if you didn't do it right the first time,
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因為即使你一開始沒有作好
02:52
you've learned the lessons, which puts you in good stead the next time.
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你也曾經在失敗中學到了寶貴的一課
會對在下一次創業有所幫助
所以曾有過開創公司的經驗
02:56
Along with the experience of starting an enterprise or running something --
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或是進行過相關工作的經驗
02:59
doesn't have to be a business,
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不一定要是一個企業
也可以是學校社團
03:01
it can be an organization in a school, a not-for-profit.
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或是非營利組織
但他們會希望讓有經驗的人來開創一個組織
03:04
But experience in creating an organization.
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下一個特質是專業知識
03:06
Next: knowledge.
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如果你告訴我,你打算成為
03:07
If you tell me
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03:08
you're going to be the developer of the map of the human genome,
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了不起的人類基因圖譜研發商
你最好懂得什麼是人類基因組
03:11
you better know what a human genome is; I want you to have expertise.
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我的意思是,你必須要有相關領域的專業知識
03:14
I don't want somebody who says,
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我不希望有人說
03:16
"I've got a great idea in a business I know nothing about.
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我一點都不懂,但我有好的點子
03:19
I don't know who the players are, what the market is like."
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我不知道誰是這個行業的競爭者
我不知道這個市場的狀況
03:21
You've got to know your market, your area.
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因此,你必須對你要進入的市場有所了解
你必須懂你要進入的領域
你還必須要有讓這間公司
03:24
And you have to have the skills that it takes
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繼續營運的能力
03:26
to get a company going.
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這些能力包括來自技術的各個層面
03:27
Those skills include everything from technical skills
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03:30
if it's a technology business,
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如果是科技產業,也包含市場與行銷
03:32
to marketing and sales and management and so on.
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還有管理等
03:34
But, you know, not everybody has all these skills.
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但不是每個人都擁有所有的能力
03:37
Very few people have the full set of skills it takes to run a company.
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只有少數人具備完整的技能
來經營一家公司
03:41
What else do you require? Well, leadership.
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因此,你還需要什麼?
是的,就是領袖特質
03:43
You've got to be able to convince us that you either have developed a team
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你必須有能力來說服我們
你曾經培養過一個團隊,擁有所有這些所需的特質
03:46
that has all those factors in it, or else you can.
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或你自己本身具備所有的特質
03:49
And you have the charisma and the management style
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你還必須擁有領袖魅力和管理風格
03:52
and the ability to get people to follow your lead,
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以及讓別人追隨你的領導能力
03:55
to inspire them, to motivate them to be part of your team.
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能夠激發他們、鼓舞他們成為你團隊的一份子
03:58
Having done all that,
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然而,在擁有這些特質之後
03:59
what else do I want to know as a VC?
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還有什麼其它的事,是身為創投的我想知道的呢?
04:01
I want to know that you have commitment.
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我想知道你能信守承諾
04:03
That you are going to be here to the end.
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你是否願意撐到最後一刻
04:05
I want you to say -- or I want you to convey --
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我想要由你口中說出,或是你傳遞出
04:08
that you are going to die if you have to, with your very last breath,
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為這間公司鞠躬盡瘁、死而後已
在被拖出公司時,你的指甲會在四壁留下抓痕
04:12
your fingernails scratching as they draw you out.
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你也要保証我的投資不會血本無歸
04:14
You'll keep my money alive and make more from it.
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而且還會賺更多回來
04:16
I don't want someone who'll cut and run at the first opportunity.
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我不希望投資在一個
當一遇到危機
就溜之大吉的人
因為從來都沒有創投天使和創投公司所投資的新創公司
04:20
Bad things happen.
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04:21
There's never been a venture-funded company where bad things didn't happen.
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從來都沒有壞事發生
所以我想知道你對所承諾的事
04:24
So know that you're committed to the very end.
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會堅持到最後
04:26
You've got to have vision to see where this is going.
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你還必須有願景
你要能夠看清楚未來的走向
04:29
I don't want another "me too" product.
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我不要一個只會說"我也是"的產品
我要一個能明瞭一切,能改變世界的人
04:31
I want somebody who can change the world out there.
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04:33
But on top of that, I need realism,
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但除此之外,我也需要腳踏實地的人
04:35
Because while changing the world is great, it doesn't always happen.
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因為我需要知道你明白
能改變世界是最好的,但那不一定必然會發生
04:39
And before you get to change the world,
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並且在你有能力改變世界之前
04:41
bad things are going to take place;
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困難總是會先發生
04:43
you have to deal with that.
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所以你必須有能力去處理解決這些困難
04:44
And you have to have rational projections.
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而且你必須有合理的推論等相關想法
04:46
Finally, you're asking for my money --
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最後,你向我籌資
04:48
not just because it's my money, but because it's me.
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並不只是因為你需要我的錢,
而是因為你願意被我指導
04:51
You need to be coachable.
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所以我必須知道你肯聆聽
04:52
I need to know you have the ability to listen.
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04:54
We've had a lot of experience.
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我們有過許多實務經驗
04:55
People who are VCs or angels investing in you have had experience,
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投資你的創投公司或天使
有豐富的經驗, 而他們想知道的是
04:59
and they'd like to know that you want to hear that experience.
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你願意去了解那些經驗
但你如何在有限的10分鐘內,
05:02
So how do you convey these 10 things in 10 minutes without saying them?
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傳達這10種人格特質而不囉嗦?
05:05
You can't say, "I've got integrity, invest in me!"
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你不能只是說.「我很正直,
投資我吧!」 對嗎?
你必須表現出這10種特質
05:08
You've got to do a whole pitch that conveys this without conveying it.
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但不讓人覺得你在刻意傳達這些訊息
05:11
Think about your pitch as a timeline.
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因此,將你的提案想像成一條時間線
從你一踏進門就開始進行
05:13
It starts off, you walk in the door.
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他們對你一無所知
05:15
They know nothing whatsoever about you.
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而你可以左右他們的情緒
05:17
You can take them on an emotional -- all pitches, all sales presentations,
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所有的提案或所有的銷售報告,或多或少都受情緒左右
05:20
are emotional at some level.
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你可以將情緒拉高或降低
05:22
You can go up, you can go down, right?
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從開始到結束都是如此
05:24
And it goes from beginning to end.
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05:25
You walk in, the first thing you've got to do,
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一走進門,第一件要做的事
05:27
the overall arc of your presentation, it's got to start like a rocket.
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對於你整體的報告而言
必須有快如火箭的開頭
你可能只有10秒,一般是介於10到30秒之間
05:31
You've got maybe 10 seconds --
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05:32
between 10 and 30 seconds, depending on how long the pitch is --
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來吸引他們的注意,視提案時間長短而定
05:36
to get their attention.
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05:37
In my case, I've invested.
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以我為例: 「我一直在投資,我已經獲利數千萬美元,
05:39
I've gotten millions of dollars from PowerPoint pitches.
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都是靠PowerPoint提案而來的
我已投資了數千萬美元」
05:42
"I've invested millions." That should get you right there.
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類似這樣.這應該能給你們一些概念
05:44
This can be a fact or something counterintuitive.
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這會是一個因素,而每個人都可能認為這不符合直覺
開頭可以是一個故事或經驗
05:47
It can be a story or an experience.
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05:48
But you've got to grab their emotional attention, focused on you,
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但你一定要掌握住他們的情感注意力,將目光集中在你身上
關鍵就是開頭的幾秒鐘時間
05:52
within that first few seconds.
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05:53
And then from there, you've got to take them
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然後,一步步的,你要引導他們
05:55
on a very solid, steady, upward path, right from beginning to end.
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到牢靠、穩健且漸入佳境的方向
05:59
Everything has to reinforce this.
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從頭到尾都要不斷地加強這一點
06:01
And you've got to get better and better and better,
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你必須要愈來愈好、再好、還要更好
06:03
revving up to the very end,
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一步步堆砌起來
06:04
then you've got to -- boom! --
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最後,「砰」一聲
06:06
knock them out of the park.
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向他們擊出一支漂亮的全壘打
06:07
You want to get them to such an emotional high
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將他們帶往情緒高潮
讓他們馬上簽下支票給你,搶著投錢給你
06:10
they're ready to write you a check, throw money at you,
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就在你離開之前
06:12
before you leave.
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06:13
How do you do that?
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好,所以你要怎麼做才能辦到呢?
06:14
First of all, logical progression.
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首先,要有邏輯的進程
06:16
Any time you go backwards, any time you skip a step --
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當你往回走,或跳過了某個步驟時
想像你正在走樓梯,其中缺了些階梯
06:20
imagine walking up a staircase where some of the treads are missing,
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或階與階之間的高度不同
06:23
or the heights are different.
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你停下來,你必須弄清楚
06:25
You stop, you need to figure out a nice, logical progression.
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你需要一個合理的邏輯進程
06:28
Start with what the market is: Why are you going to do X, Y or Z?
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從告訴他們市場的情況開始
為什麼你要這麼做,步驟 X, Y或 Z
然後,你必須告訴我你要怎麼做?
06:31
And then you've got to tell me how you're going to do it,
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你要做的是什麼?你要如何達成?
06:34
and what you're going to do.
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06:35
And it's got to flow from beginning to end.
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將這套流程將從頭貫徹到尾
06:37
You've got to let me know there are touchstones,
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你還必須告訴我試行結果
06:40
to tie in to the rest of the world out there.
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你要能和真實的世界連接起來
06:42
For example, reference companies I've heard of,
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舉例而言
如果你提到我聽過的公司
06:45
or basic items in your business.
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或是你業務中的基本項目
我需要全盤瞭解.讓我能去想像
06:48
I want to know about things that I can relate to:
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06:50
validators, or anything that tells me somebody else has approved this,
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提出證明,或任何能證實已經有人認可該項目
06:54
or there's outside validation.
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或有其他外部的證明
06:56
It can be sales; it can be you got an award for something;
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可能是銷量,或是得了獎
06:59
it can be people have done it before;
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可能是之前已經有人做過
07:02
it can be your beta tests are going great, whatever.
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也可能是你的原型試驗效果很好
無論如何,我需要看到證明
07:05
I want to know validation -- not just what you're telling me,
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來背書你所說不是只有你自己在想
而是有其他人也這麼認為
07:08
but that somebody or something else out there
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07:10
says this makes sense.
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或有實物可以證明你說的合理
07:11
And then, I'm looking for the upside; I need a believable upside.
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再者,我所尋求的是利基
而且是可信的利基
所以有兩個方面
07:14
That's two parts; it's got to be upside and believable.
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其一是有利可圖,其二是這個利要實際可達成
有利可圖的意思,是你必須告訴我
07:17
The upside means if you tell me that five years out,
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你將衝刺五年,每年賺進一百萬元
07:19
you're making a million dollars a year, that's not really upside.
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嗯,這個利基並不高
07:22
Telling me you'll be making a billion dollars a year --
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但你如果跟我說,你每年要賺進十億元
那就不太實際
07:25
that's not believable.
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所以,兩個方面都必須兼顧
07:26
So it's got to be both.
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另外,有很多事會讓我不感興趣
07:27
On the other hand are things that take the emotional level down.
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使我的情緒指數下降
你必須要移除這些可能性
07:30
You have to recover from those.
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舉例來說,你說的內容
07:32
For example, anything that I know is not true.
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我早就知道是不切實際
像是「我們沒有競爭對手,
07:34
"We have no competition. Nobody makes a widget like this."
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沒人做過這樣的新產品」
可能我早就知道有人做過
07:37
Odds are I know somebody who's made a widget,
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所以一旦你說沒人做過,碰! 你就完了
07:39
and the minute you tell me that,
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07:40
I discount half of what you're saying from then on.
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我開始會對你說的話打對折
07:43
Anything I don't understand,
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任何讓我思考或是不瞭解的事
07:46
where I have to make the leap myself, in my own head,
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使我必須在腦海中打轉的事
07:48
will stop the flow of the presentation.
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都會打斷報告的連貫性
07:50
So you've got to take me through like a sixth-grader --
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所以,你必須要像對待六年級的學生一樣
按步就班的說明,但不能屈居於我
07:53
dub, dub, dub -- but without patronizing me.
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07:55
And it's a very tricky path.
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要做到這樣很難
07:57
But if you can do it, it works really well.
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但如果你能做到,那就會非常順利
07:59
Anything that's inconsistent within your concept --
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還有,不能出現前後矛盾
如果你說X、Y 或Z的銷售額是一千萬元
08:03
if you tell me sales of X, Y or Z are 10 million dollars,
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08:05
five slides later, they're five million dollars ...
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可是下一張投影片,或五張之後,數據變成五百萬元
08:08
One may have been gross sales, one may have been net sales,
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當然,可能一個數代表毛利
一個數代表淨利
08:10
but I want to know that all the numbers make sense together.
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但我只想看到合理的數字
08:13
And then, finally: anything that's an error or a typo,
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最後要注意的像是錯誤、錯字
08:16
or a stupid mistake or a line that's in the wrong place --
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或其他愚蠢的過失,或一條莫名出現的線
這些都表示,如果你連報告都做不好
08:19
that shows me that if you can't do a presentation, how can you run a company?
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你怎麼能經營一間公司?
以上就是所有該注意的要點了
08:23
So this all feeds in together.
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08:24
The best way to do this is to look at our betters,
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因此,最好的提案方式就是找出我們較好的一面
08:27
people who have done this before.
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觀摩已經做過這行的人
08:28
Let's look at the most successful technology executive in the business,
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我們來看看這行最成功的科技執行長
看他們是怎麼提案的
08:32
and see how a presentation goes.
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08:34
Bill Gates's PowerPoint presentation over here.
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這是比爾‧蓋茲的PowerPoint報告
08:36
Here's Gates doing a thing for Windows.
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蓋茲在介紹Windows的新功能
08:38
Is this how to do a PowerPoint presentation? What do you think?
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這是正確的PowerPoint報告方式嗎?
你覺得呢?
不! 你覺得誰才是我們該模仿的對象?
08:42
No. Who do you think we should look at as our role model?
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08:44
Oh, isn't that funny! There's another great one over here.
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噢,真好笑!這是另一位巨人
同意嗎?對,是賈伯斯(Steve Jobs)
08:47
OK, Steve Jobs.
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08:48
You want absolute -- this is the Zen of presentation, right?
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你要追求一種絕對--這是報告的禪境,對吧?
08:52
Here he is, one little guy, black jeans and stuff,
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他就在這,一個小個頭,穿著黑色牛仔褲
08:55
on a totally empty stage.
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站在一個空蕩的舞台上
08:56
What are you focusing on?
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你會把目光放在哪裡?
08:57
You're focusing on him! This is Steve Jobs.
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放在他身上! 賈伯斯身上!
08:59
So are these wonderful long bullet points, whole list of things good?
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所以,你了解到
把所有好的點,一長串都列出來,很棒!
09:03
No, they're not. The long bullet points are bad.
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不,這樣不好
一長串的列點很糟
09:06
What's good? Short. Short bullet points.
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怎麼才好? 簡短的要點
但你知道嗎
09:09
But you know what? Even better than short bullet points are no bullet points.
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比簡短的要點更好的,就是沒有列點
09:12
Just give me the headline.
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給我標題就好
所以你知道嗎
09:14
And you know what?
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賈伯斯用了多少個要點和標題?
09:15
How many bullet points does Steve Jobs use?
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09:17
Basically, none.
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基本上為零
09:18
What do you do?
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你要怎麼做?
09:19
Best of all, images. Just a simple image.
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最好的方式--圖片. 只要一張簡單的圖
09:22
I look at the image; a picture's worth a thousand words.
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看著影像,一張圖片勝過千言萬語
09:25
You look at the image and you've got the whole thing.
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你看著影像,看過之後,你就會完全臣服
09:27
Then you come back to me; you're focused on me, why I'm such a great guy,
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然後你的注意力會回到我身上
注意到我,還有為何我是個這麼棒的傢伙
還有你為什麼應該投資我
09:31
why you want to invest, why this all makes sense.
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為何整件事聽起來都很合理
09:33
That said, we only have a very short time,
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如此看來,我們只有很短暫的時間
09:35
so let's run through the things to include in your presentation.
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讓我們把你需要在提案中呈現的東西
一起順一次
09:38
First of all, none of these big, long-titled slides
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首先,不要做冗長標題的投影片
09:41
with blah, blah, I'm presenting to so-and-so on X date.
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不要盡講些五四三的
不要說「我將誰和誰提案、今天幾月幾號」這種話
09:43
I know the day, I know who I am -- I don't need all that.
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我知道日期,我知道我是誰,我也知道你要提案
這些我都不想聽
09:46
Just give me your company logo.
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你只要給我公司的LOGO
09:48
I look at the logo, and it ties it to my brain.
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我看到LOGO,那就會和我的大腦產生聯結
然後我再回到你身上,將注意力放在你身上
09:50
Then I come back to you. I'm focused on you, OK?
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09:53
You give me your quick, 15-second or 30-second intro, grab my attention.
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你要做的,給我一個快速
15到30秒的介紹,抓住我的注意力
09:57
Then you give me a quick business overview.
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然後快速地概述你的業務
09:59
This is not a five-minute pitch. This is, you know, two sentences.
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這不是五分鐘的提案,這只需要兩句話
「我們為X、Y、Z市場打造了新產品」
10:03
"We build widgets for the X, Y, Z market."
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或「我們販售服務幫助某人做某事」.像這樣的話
10:05
Or, "We sell services to help do X." You know, whatever.
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10:07
And that is like the picture on the outside of a jigsaw puzzle box.
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這就像是拼圖盒外面的圖案
10:10
That lets me know the context.
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讓我瞭解其中的脈絡
10:12
It gives me the armature for the whole thing you'll be going through;
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讓我獲得整件事的主要架構
就是所有你想要表達的東西
這也能讓我把其他你所說過的事
10:15
it lets me put everything in relation to what you've told me.
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給連結起來
10:18
Then you've got to walk me through, show me who your management team is.
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就像這樣,讓我瞭解事情的始末
秀出你的管理團隊
如果你有經驗,或你之前做過這行
是會有所幫助的
10:22
I want to know the size of the market. Why is this market worth getting at?
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我還要知道市場--市場的大小
為何這個市場值得耕耘?
10:26
I want to know your product, that's very important.
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我要知道你的產品,這非常重要
10:28
Now, this is not a product pitch or sales pitch.
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但這不是個產品提案或銷售提案
我不想知道所有的細節
及其他瑣碎的事情
10:31
I don't want to know all the ins and outs, just what the heck is it?
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我只想知道,它到底是什麼?
10:34
If it's a website, show me a screenshot of your website.
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如果是個網站,秀出一個網站的畫面
不要做現場的展示
10:37
Don't do a live demo. Never do a live demo.
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記住,千萬不要做現場的展示
10:39
Do a canned demo, or something that lets me know
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預先做好示範帶,或用一些方法來讓我了解
10:41
why people are going to buy whatever it is.
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為何人們會花錢買這樣東西
10:43
Now that I know what you're selling,
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接下來,我想知道的--現在我知道你要賣的是什麼
告訴我你要如何靠它賺錢
10:46
tell me how you make money on it.
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10:47
For every X you sell, you get Y, or services of Z.
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每賣出X,你會獲利Y,你做的服務是Z
我要知道你的營利模式
10:52
I want to know what the business model is on a per-unit basis,
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是以單位為基礎
10:55
or for the actual product you're selling.
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或是視你實際所賣出的產品
10:57
I want to know who you're selling to in terms of customers
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我要知道你將這東西賣給誰
以顧客的立場來看
我還要知道你是否有任何人脈
11:00
and if you have any special relationships that will help you,
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可以特別幫助你
無論是你認識某個經銷商
11:02
whether it's a distribution relationship or a producing partner.
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或者你有特定的供應商夥伴
11:05
Again, validation.
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只要有證據說明
顯現出你不是孤軍奮戰
11:07
This helps to say you're bigger than just one little thing over here.
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11:10
But everybody has competition.
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但每個人都有競爭對手
11:11
There's never been a company with no competition,
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從來沒有一間公司
是沒有競爭對手的
即使這個競爭是以傳統的方式去做某件事
11:14
even if the competition is the old way of doing something.
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11:16
I want to know exactly what your competition is,
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我都要知道你確切的競爭對手為何
這才能幫助我判斷
11:19
and that will help me judge how you fit into the whole operation.
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你要如何切入目前的運作中
11:22
I want to know how you're special.
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然後我要知道你有什麼過人之處
如果我了解你競爭對手的作法
11:24
I know what your competition does --
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你要如何預防競爭對手
11:25
how are you going to prevent them from eating your lunch?
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吞掉你的市場?
而以上全部都和財務概況有關
11:28
All this ties into the financial overview.
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11:30
And you can't do a VC pitch without giving me your financials.
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你必須有財務報告
不然你無法做創投提案
我要看到三年前,或一、二年前的報表
11:33
I want to know a year or two back, or as long as you've been in existence.
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或從你的企業開始存在以來的所有報表
以及未來三年、四年或五年的報表
11:37
And I want to know four or five years forward.
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五年有點太多,四年可能比較合理
11:39
Five is a bit much. Probably four.
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11:40
And I want to know how that business model, on a product basis,
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我還要知道你提出的商業模式
在產品的基礎上,如何轉換為公司模式
11:43
will translate into a company model: How many widgets will you sell?
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還有新產品的銷售量將有多少
你的每個新產品有X利潤
11:47
You make X amount per widget. I want to know what the driver is.
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我要知道驅使銷售的動力何在
我們今年將會有一千個客戶
11:50
We'll have 1,000 customers this year and 10,000 the next,
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明年會有一萬個
11:52
our revenues will do this and that.
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且我們的盈收將會不斷攀升到某一個層級
這讓我能清楚看出未來幾年內
11:54
That gives me the whole picture for the next several years
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我投資報酬的整體藍圖
我還要知道你從我這裡拿到的錢
11:57
into which I'm investing.
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11:58
And I want to know how the money from me will help you get there.
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如何能幫助你達成目標
你是否要在中國開設海外工廠
12:01
You're going to open an offshore plant in China,
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2241
或是將所有的錢投入銷售與行銷
12:03
you're going to spend it all on sales and marketing,
292
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2439
或者你要前往大溪地,或其他地方
12:06
you're going to go to Tahiti, whatever.
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然後問題來了
12:08
But then comes the ask, where you tell me how much you want.
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這是你要求實際獲得的金額
你需要五百萬元. 那我該如何評定這個金額?
12:11
You're looking for 5 million -- at what valuation?
295
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12:13
Two million? 100,000?
296
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投資十萬賺回兩百萬
你目前已籌到多少?有誰投資?
12:15
What's the money in so far? Who invested?
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12:17
I hope you invested -- if you can't invest in your own thing, why should I?
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我希望你自己也有投資
因為我是跟進投資
如果連你都沒投資,那我為何要投資?
12:21
So I like to know if you have friends and family,
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所以我要知道你是否有朋友或家人
或金主已經投入資金,或你曾有很多創投經驗
12:24
or angel investors, or more VCs before.
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到目前為止,資本結構如何?
12:26
What's the capital structure up until this point?
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12:28
Finally, having done all that, you've now told me the whole thing,
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最後,如果以上都做到了
你已交待了所有的細節
你還是要將話題帶入結論
12:31
so now you bring it back to that conclusion.
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這會是那支火箭向上衝刺的時刻
12:34
This is that rocket going up.
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所以希望之前所有一切都很順利
12:35
Hopefully everything has been positive.
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順利、順利、還要更順利
12:37
And everything you say clicks, it all makes sense.
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而且你所說的一切都讓我動心
一切都合理
12:39
And I'm thinking, "This is really great!"
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我心裡也想著「這是很棒的提案」
12:41
Then you take me back to just your logo on the screen.
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然後你將我的視線帶回你的公司LOGO
螢幕上只放著LOGO
12:44
And I look at the logo -- OK, good.
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然後我看著LOGO,嗯,很好
12:46
Now I come back to you. Nothing else to look at, right?
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我回頭看你,沒有其他要看的東西了,對嘛?
然後你要開始總結,把一切綜合起來
12:48
Now you've got to wrap it up to give me the final -- boom! --
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給我一個最終的...碰(驚喜)!
12:52
the final pitch that's going to send me into space.
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用最後的提案把我射入太空
12:54
Now, in the process of doing this,
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在處理這套提案的過程中
12:56
how do you remember the sequences and do it?
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你如何記得所有順序和該做的事?
12:59
You've noticed I'm not looking at the screen, right?
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你已注意到我沒有盯著螢幕看,對嗎?
13:01
The screen is in front of me,
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這個房間的螢幕,是設在我的背後
13:03
so I couldn't even see if I wanted to.
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我想看也看不到
13:05
So how do I know what's going on?
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那我又怎麼知道進行到哪了
13:06
Well, I have a laptop in front of me.
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我的面前有台筆電
但你看著我,還看著螢幕
13:08
You're looking at me and at this.
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13:10
What am I looking at?
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你認為我在看什麼?
13:11
You think that I'm looking at that?
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你覺得我有在看螢幕嗎?
沒有,其實我在看一個特別版本的
13:13
No, I'm looking, actually,
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13:14
at a special version of PowerPoint over here,
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PowerPoint
13:16
which shows me the slides ahead and behind, my notes,
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它會預先秀出下一張投影片,還有上一張
還有我的筆記--所以,我能清楚掌握情況
13:19
so I can see what's going on.
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13:20
PowerPoint has this built into every copy of it that's shipped.
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PowerPoint已將這個功能內建到
每一套PowerPoint軟體裡
13:23
If you use Apple's Keynote, it's got an even better version.
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如果你是使用蘋果的Keynote,就有更好的版本能用
13:26
There's another program called Ovation you can get from Adobe
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另外,還有一套程式叫Ovation
你可以向Adobe購買,去年夏天才剛推出的
13:29
that they bought last summer,
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內含能幫助你控制全程的計時器
13:31
which helps you run the timers and lets you figure out what's going on.
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而且讓你清楚掌握現況
13:34
So, here's my wrap-up to take you to the moon, right?
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現在,我該做讓你飛上月球的總結了,對吧?
13:37
I usually do a Top 10, but we don't have time,
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我通常會給出10個最重要的秘訣,但現在沒有時間了
13:39
so: David's Top Five Presentation Tips.
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所以,這裡是我的五個報告秘訣:
第五、永遠使用報告模式
13:41
Number five: always use presenter mode,
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13:43
or Ovation, or presenter tools.
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或Ovation,或其他報告工具
13:46
It lets you know exactly where you're going,
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因為那能讓你清楚報告的確切走向
還能讓你按部就班
13:48
helps you pace yourself, gives you a timer, the whole bit.
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我們就能準時、完整地結束報告
13:51
Number four: always use remote control.
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第四、永遠使用遙控器
13:53
Have you seen me touch the computer? No. Why not?
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你有看到我碰電腦嗎?
沒有.為什麼?
13:55
Because I'm using remote control. Always use remote control.
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因為我用的是這支遙控器
永遠使用遙控器
第三、
13:58
Number three: the handouts you give are not your presentation.
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講義的資料要和你的提案不同
如果你遵守這點建議,你將會游刃有餘
14:01
If you follow my suggestions,
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14:02
you'll have a very spare, Zen-like presentation,
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禪意十足.這對傳遞你的個人特質很好用
14:05
which is great to convey who you are and get people emotionally involved,
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並能讓聽者的情緒受到渲染
但這不太適用於講義
14:08
but not good as a handout.
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講義是要提供更多資訊的
14:09
You want a handout that gives more information; it has to stand without you.
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因為講義要能在你不在時替代你
第二、
14:13
Number two: don't read your speech. Can you imagine?
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不要唸稿
你能想像嗎,「你應投資我的公司」
14:15
(Reading) "You should invest in my company ... "
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「因為這是一個好公司」
這樣是行不通的. 不要念稿.
14:18
It doesn't work.
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14:19
And the number one presentation tip: never, ever look at the screen.
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最重要的秘訣來了:
絕對不要看螢幕
14:22
You're making a connection with your audience,
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你要和你的聽眾作一個連結
你要建立的是一對一的連結
14:25
and you always want a one-on-one connection.
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14:27
The screen should come up behind you
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螢幕應該在你的視線後方
14:29
and supplement what you're doing, instead of replace you.
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輔助你的報告,而非取代你的角色
這就是向創投提案的要訣
14:32
And that is how to pitch to a VC.
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