#1 Pitch an idea especially a new one that involves innovation in technology in 5 mins elevator pitch is not a easy task
We actually received feedbacks in conversations after the pitch that a lot of the audience, including the judge, did not understand or realize that we have invented a new technology to provide a service that is not available from our competitors
#2 You need to be clear on what you are asking for
After the competition, my business partner and I regrouped and did some retrospective on the performance and realized we were not clear on the message. Here is what we believe a better format for our pitch could be:
- Who we are?
- What problem do we solve?
- Why will we be successful?
- What do we need? Funding? Mentor?
- What is in there for you? Exit strategy for investors.
We did not win the top prize, but we still had a great time at Impact. This is only our first appearance for public pitching; we will continue working on it, but most importantly we will continue to have fun after all that was why I quite my full time job in the first place - to have FUN. So far it has been a journey of every bit of fun I could have ever imagined :-D