Guest Post by Zach Simmons Discuss.IO
For those that aren't already familiar with Seattle Angel Conference (SAC), it is an angel investment group with a unique investment process. It connects promising entrepreneurs to a syndicate of local angel investors. A "winner" is selected after a rigorous 2 month selection process which results in a six figure investment.
It was an honor to be selected from the great set of teams in SAV V. Discuss.IO received the $160,000 investment first prize, while another great finalist, SocialGlimpz, received over $80,000 from SAC investors.
I would highly recommend that Seattle entrepreneurs to participate in this great process. The competition is tough. Here are a few tips based upon our experience
The first 3 minute pitch is the hardest. You need to be memorable out of a crowd of 20+ pitches. Try and focus on the following high level points 1) quantify the size of the problem 2) briefly explain how you solve it 3) explain your progress/traction so far. Don't worry about details. Just say enough to pique the audience's interest. There is plenty of time during the process to dig into the details.
· Nail your 1st pitch -
My last suggestion is to not lose hope if you get eliminated. Plenty of great businesses won't win SAC VI. In fact, Discuss.IO came up short twice before winning in May 2014. Good things come to those who exceed their consumer expectations. Good luck!
by: Zach Simmons @ Discuss.IO Winner of SAC V, after two prior attempts.