Today we had lots of guests come for our exciting pitch event. The pitch event was structured as follows:
- First, we discussed about what pitches are and what makes great pitches
- Then, volunteers did some practice pitches for fake companies, with company ideas courtesy of http://itsthisforthat.com/
- After the practice pitches, each person was given $150 of monopoly money to “invest” in the other pitches.
- Then, in randomly-selected order, each student gave their 2 minute pitch, with a cutoff at 2:30. Investors (other students) gave feedback and had the option to invest however much of their $150 they wanted to.
- Lastly, the top 3 winners were announced.
The pitch event was really great, and a handful of great pitches turned out to raise a healthy amount of monopoly investment.
After pitches, we talked a lot about pitch decks, and started actually pitting them together. We used a pitch deck template from Guy Kawasaki, talked about naming products and companies, and used crunchbase to look up the history of a few web startups.
Here are the slides:
Update: the next class notes are here.