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Future of Money (Part 1)

By Peter H. Diamandis on Jun 9, 2021

Every day, roughly 80% of all market trades are made by computers. 

Topics: Abundance Bitcoin Entrepreneurship Finance Exponentials Abundance 360 cryptocurrencies crowdfunding fintech crypto ethereum
6 min read

Fundraising Over Zoom

By Peter H. Diamandis on Mar 21, 2021

Billions of dollars of investment were closed over Zoom this past year.

Historically, fundraising used to require getting on a flight, wearing a suit, and many longggg road shows ... now, entrepreneurs are raising their seed, Series A, Series B, and billions in SPAC funding over Zoom from the comfort of their home office, bedroom or kitchen.

This blog is all about practical advice: the “Dos” and “Don’ts” of pitching yourself and your company over Zoom.

The goal is to help you avoid mistakes and up your ZOOM-PITCHING success.

For the blog, I connected with a number of friends in the VC world, and grouped their input with my own. If you’re interested, here’s who contributed: Teymour Boutros-Ghali & Neal Bhadkamkar (BOLD Capital Partners); Dakin Sloss (Prime Mover Lab); Scott Stanford (ACME Capital); Courtney Reum (M13); Will Weisman (KittyHawk Ventures); and Steve Jurvetson (Future Ventures).

Some of their advice is priceless!

Let’s dive in... 

DON’T Do This…

When you’re pitching yourself and your company over Zoom, avoid these mistakes: 

Poor Zoom Etiquette

  • Showing up late: First things first: be on time. In fact, sign in a couple of minutes early. First impressions count.
  • Being too casual: Don’t do the meeting in your pajamas or looking like you just got out of bed. You can always show more of your personality later.
  • Awful background & lighting: Respect how others are seeing you on Zoom. Don’t be backlit, choose a reasonable background. As one VC put it, avoid communicating this attitude: “I am so busy that I will do a video call from my car with bad visuals and bad sound.”
  • Not looking at the camera: Make sure you know where the camera is on your setup, and *look into the camera.* There’s nothing worse than having your line-of-sight way off.
  • Take Zoom off screen share if you’re done with slides: First, you should minimize the amount of PowerPoint you use, but importantly, when you’re not discussing the slides, and just having a conversation, take it off of screen share. 
  • Eating during your pitch: Do you really need to have lunch while pitching your startup?
  • Sending a private message to everyone: This is the Zoom equivalent of “replying all” unnecessarily in email. 

Not Engaging Your Audience (and Team)

  • Not “reading the room”: This is harder to do over Zoom, but it’s still important. The onus is on you to stop, ask if there are questions, and foster a discussion.
  • Monologuing: The reality is that there’s a greater risk of people multitasking while they’re in a Zoom meeting. Don’t monologue. Pause, and make sure the audience is with you. Pause and ask if there are any questions.
  • Not engaging your team: If you have members of your team join the Zoom, but you don’t give them an opportunity to present or participate, then why are they there? Show the VC that you’re a team player and engage your team.

Here’s how to IMPRESS the Venture Fund

Here’s how to actually impress the VCs during your Zoom pitch:

Do the Pre-work 

  • Send materials before the meeting: Send any materials and an overview ahead of the meeting. But you shouldn’t assume that they have read through everything and absorbed it. Start the meeting by recapping and summarizing.
  • Do your research: Take the time to research the people you’re meeting with: what are their interests, your common connections? Build early rapport.
  • Give yourself enough time: If possible, schedule an hour-long meeting, but only use half of it to pitch. Reserve 50% for conversation and Q&A.

Making a Connection Instead of Giving a Lecture

  • Connect first, pitch afterwards. Ask questions up front: Instead of diving into a pitch, explain who you are, and find out who they are. Ask a few questions early so that it’s a two-way conversation and not a lecture. Connect as people not as a transaction.
  • Be conversational: The best Zoom pitches are engaging and conversational. You want to make sure that the investor understands you and your business and can feel your passion.
  • Keep the energy high: This is part of keeping your audience engaged. If you’re not excited about what you’re building, why should they be? One way to do this is to consider standing during your presentation to generate energy/enthusiasm.
  • Maintain eye contact: Talk directly to your audience, and not some unseen person off-screen. Look at the little bright light next to the camera on your laptop.

Running an Effective Meeting

  • Engage your team: If your team members are also in the meeting, then each of them should have a role to play during the Zoom call. Your teamwork should show. A team that works well together in-person can also communicate that ability over Zoom.
  • Sufficient time for Q&A: The most important part of your meeting is AFTER you finish the briefing. This is when the VC gets to ask you questions and engage with you. Leave plenty of time so they can steer the conversation.
  • Say thank you: Being polite is always good.
  • Feedback & next steps: Make sure you ask for immediate feedback, and for the best next step.

Final Thoughts

Being an entrepreneur is all about being adaptable. 

That includes how and where you tell the story of what you’re building. Given that so many deals are now being done over Zoom, know the best practices and use them.

The tips in this blog should help you take advantage of what I call our current era of “capital abundance.”

Join My Abundance 360 Community

If you want to understand how to use converging exponential technologies to create breakthroughs during this era of capital abundance, then consider joining my Abundance 360 Community.

Every year, my team and I select a group of 360 entrepreneurs and CEOs to coach over the course of a year-long program. A360 members participate in quarterly Implementation works, monthly webinars and in an annual live event. You can join at any time for a full year worth of personal coaching.

My mission is to help A360 members obtain mastery in four specific Mindsets: an Abundance Mindset; an Exponential Mindset; a Purpose-driven Mindset (through their MTP); and a Longevity Mindset. Together we will actively select and reinforce your preferred Mindsets.

To learn more and apply to A360, visit abundance360.com

Topics: Entrepreneurship Finance Exponentials capital venture capital investing Fundraising
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Capital Velocity… LOTS of $$$

By Peter H. Diamandis on Mar 7, 2021

Nothing accelerates technological innovation like cash. Lots of cash.

Topics: Abundance Entrepreneurship Finance Exponentials Abundance 360 crowdfunding capital venture capital investing exponential technology future tech
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Now is the BEST TIME EVER to be an entrepreneur

By Peter H. Diamandis on Aug 16, 2020

Our mindset is everything: what one person sees as a crisis, another person sees as opportunity.

Topics: Entrepreneurship Finance Exponentials machine learning
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A COVID-19 vaccine for older adults -- one of our most vulnerable populations

By Peter H. Diamandis on Aug 11, 2020

A successful COVID-19 vaccine will need to protect those who are 65 or older, one of our most vulnerable populations.

Topics: Entrepreneurship Finance Exponentials Exponential Organizations machine learning Business Models who not how Software as a service SaaS Machine Learning as a service MLaaS coronavirus COVID-19 vaccine covaxx
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New COVID-19 vaccines are flooding our feeds, but are any of them manufacturable at scale?

By Peter H. Diamandis on Aug 2, 2020

We’re bombarded every day with news about the latest miracle vaccine candidate: when it will be available, which vaccines have reached clinical trials, the stock market performance of the manufacturers, and so on.

Topics: Entrepreneurship Finance Exponentials Exponential Organizations machine learning Business Models who not how Software as a service SaaS AI as a service AIaaS Machine Learning as a service MLaaS
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The most powerful vaccine you haven’t heard about…

By Peter H. Diamandis on Jul 30, 2020

The race is on. Across the globe, researchers, scientists and CEOs are developing more than 160 vaccines, all taking aim at COVID-19.

Topics: Entrepreneurship Finance Exponentials Exponential Organizations machine learning Business Models who not how Software as a service SaaS AI as a service AIaaS Machine Learning as a service MLaaS
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7 Business Models of the Next Decade

By Peter H. Diamandis on Jan 26, 2020

Some of the most potent innovation taking place today does not involve breakthrough technologies…. but rather the creation of fundamentally new business models.

Topics: Entrepreneurship Finance Exponentials Exponential Organizations Business Models crowd economy
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Future of Money - AI Investors, Death of Cash & the Crowd…

By Peter H. Diamandis on Jan 12, 2020

Every day, roughly 60% of all market trades are made by computer.

Topics: Entrepreneurship Finance Exponentials cryptocurrencies banking Business Models visionary money currencies currency microfinance crowdlending robo-advising robo-advisors Betterment Wealthfront
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20 Metatrends for the Roaring 20s

By Peter H. Diamandis on Jan 5, 2020

In the decade ahead, waves of exponential technological advancements are stacking atop one another, eclipsing decades of breakthroughs in scale and impact.

Topics: 3D Printing AR/VR Manufacturing Sensors Entrepreneurship Finance AI Exponentials Exponential Organizations space exploration Singularity machine learning networks 5G Augmented Reality trillion sensor economy Business Models Brain computer interface internet of things Spatial Web exponential technology bci brain machine interface energy abundance future of energy smart economy trends 2020s 2020 sustainability
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Who Not How: Software Edition

By Peter H. Diamandis on Dec 29, 2020

In the age of COVID, how do you 10X your business? And more broadly, in the coming decade, how do you go from a linear ‘old-school’ company to an ‘Exponential Organization’? Today, there is a clear strategy…

Topics: Entrepreneurship Finance Exponentials Exponential Organizations machine learning Business Models who not how Software as a service SaaS AI as a service AIaaS Machine Learning as a service MLaaS
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The Future of Money - Part 2

By Peter H. Diamandis on Dec 26, 2019

Over three quarters of Americans used a mobile device the last time they checked their bank account balance, and mobile banking is skyrocketing across the globe.

Topics: Entrepreneurship Finance Exponentials cryptocurrencies banking Business Models visionary money currencies M-Pesa currency microfinance
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The Future of Money - Part 1

By Peter H. Diamandis on Dec 22, 2019

The way we store our money today makes zero sense.

Topics: Entrepreneurship Finance Exponentials banking Business Models entrepreneurial leap visionary Good Money impactinvesting money
14 min read

Abundance Insider: June 7th 2019

By Peter H. Diamandis on Jun 8, 2019

In this week's Abundance Insider: Fake news AIs, the world’s first 1 GW energy storage project, and an ocean mapping breakthrough.

Topics: Abundance Insider Energy Finance AI blockchain Deepmind Artificial Intellegence XPRIZE solar energy autonomous vehicles oceans
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Abundance Insider: March 15th, 2019

By Peter H. Diamandis on Mar 15, 2019

In this week's Abundance Insider: Noise-cancelling metamaterials, algorithms for early Alzheimer's diagnosis, and CRISPR's convergence with lab-grown meat.

Topics: Abundance Insider Robotics Materials Science Finance food healthcare materials biotech fintech future of food lab grown meat
11 min read

Future of FINTECH - Part 2

By Peter H. Diamandis on Sep 23, 2018

In 2018 alone, over 22,000 businesses around the world borrowed more than $380 billion from crowdlending services.

Topics: Bitcoin Finance cryptocurrencies blockchain fintech banking investing mobile banking developing markets developing economies loans distributed ledger
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Future of Finance & Banking - Part 1

By Peter H. Diamandis on Sep 16, 2018

The CIA estimates over $90 trillion of global value is stored in cash, banknotes, money markets, and bank accounts.

Topics: Bitcoin Finance cryptocurrencies blockchain fintech banking investing mobile banking developing markets developing economies loans distributed ledger
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Abundance Insider: August 10th, 2018 Edition

By Peter H. Diamandis on Aug 10, 2018

In this week's Abundance Insider: Search-and-rescue centaur robots, computer-generated celebrities, and a personality-parsing Artificial Intelligence.

Topics: Abundance Insider Robotics Finance AI computer vision autonomous vehicles fintech banking computer generated