By Nancy Dahlberg
The Miami Herald
WWR Article Summary (tl;dr) “Whether you are raising capital, building a team, seeking partners or acquiring your first customers, you should be able to rock your pitch at anytime.” That was just one bit of advice from Melissa Krinzman, managing partner of Krillion Ventures, one of the panelists at last week’s Miami Herald Business Plan Bootcamp.
The Miami Herald
Getting started on formulating your business pitch or plan can boil down to this: Articulate the problem you are trying to fix and why you have the best solution for the problem. Then, concisely and powerfully, communicate how you and your team will execute on your very focused vision.
That’s not easy, but the panelists at last week’s Miami Herald Business Plan Bootcamp had plenty of advice about writing a short business plan and launching and pitching a startup for the 200 attendees. The annual event held at Miami Dade College is held in conjunction with the Miami Herald’s Business Plan Challenge contest.
“Team is first and foremost. If you can build a great, well-rounded team with complementary strengths, that says a lot about you as a founder,” said Raul Moas, managing director of AGP Miami, South Florida’s largest angel network with about 80 members. “Is your solution exponentially better than what is out there? That’s also key.”
As you’re building a team, advisers can provide expertise where you have weaknesses, the panelists said. Interns can provide valuable help, too. Don’t obsess about titles at the early stage: Your next hire should be whoever will move your company further the fastest, said Melissa Krinzman, managing partner of Krillion Ventures, an early-stage venture fund.
Whether you are raising capital, building a team, seeking partners or acquiring your first customers, you should be able to rock your pitch at anytime. “I call it the Aunt Sue-Uncle Joe test. If you can turn around and tell them about it and they get it, you are doing a good job,” Krinzman said.