What They Dont Teach You At Stanford Business School

Stuff you can't learn in B-school: LARRY CHIANG

In VC, Entrepreneurs Must “Pitch from the Stretch”

leave a comment »

By Larry Chiang

In classroom settings for entrepreneurship, founders can take their sweet butt time. Winding up your pitch is classroom entrepreneurs pitching. In the real world, you gets less time.

I should know. I teach ENGR 145. When you take your full allotment of time to pitch, you are in-effect, pitching from the wind-up. We as entrepreneurs should learn to pitch under duress. Yes, we must master pitching to VCs in a street smart way. Yes, we should learn to pitch from the stretch.

Here are baseball-like patterns to iterate and replicate while we as entrepreneurs pitch VCs …

VCs will be rude and upset your pitch tempo, pace and delivery. VCs are more impatient than a 6’5″ Chinese lead-off man trying to score from 2B with no outs. VCs look for tendencies in your delivery and look to get a huge jump along with a ginormous lead-off.

Pitchers can set up VCs.

First of all you can’t score runs from the mound so you really want to pitch less. You can score runs while on defense so while you may be great at pitching… Pitch less.

While you are pitching, don’t feel as if you need to showcase your entire arsenal. For example, when I am pitching to my all star nephew, I only need two pitches. My 85mph fastball and my 76 mph change-up. That differential keeps his barrel off the ball and his 9 year old ego in-check. As an entrepreneur meeting a VC that I intro you to— make sure you simply state

-1- Yeah, me and my two co-founders are CS majors

-2- yes we all “sell”

Remember, we want to let VCs pitch back to us. That means they’re interested. They’re pompous so they will be pitching from the wind-up.

If they don’t pitch you, wrap up the meeting and get out of there before you do more damage and reveal any more

ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole

It moves you to the right on the entrepreneur bell curve

CEO of Duck9
Stanford University Entrepreneur in Residence, Emeritus

Duck9 = “Deep Underground Credit Knowledge” 9
125 University Avenue/ 100
Palo Alto CA 94301
http://www.duck9.com/ass
650-566-9600
650-566-9696 (direct)
650-283-8008 (cell)

****************
Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” http://whattheydontteachyouatstanfordbusinessschool.com/blog CNN Video Channel: http://ireport.cnn.com/people/larrychiang

Read my last 10 tweets at http://www.Twitter.com/LarryChiang

Author, NY Times Bestseller
http://whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller

“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14

http://www.fastcompany.com/embed/c0d4562ea2049

52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering

Emergency swings and cutting deals as an 9 year old

##########
Duck9 is part of UCMS Inc.
http://www.ucms.com
630-705-5555

Advertisements

Written by Larry Chiang

May 6, 2013 at 5:09 am

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: