VCs spend an average of 3 mins, 44 secs on a pitch deck. What is the perfect deck then?

dollar-1164990_640DocSend recently published their findings from a research on the pitch decks of 200 companies raising funds. The companies raised a total of $360m so I believe this research could be treated as pretty representative.

Respected companies like Sequoia have long published their dream pitch deck.  Yet, DocSend has brought a bunch on insights that should be considered.

Here are the most important take aways in brief:

  • Seed raise takes 3 months on average.
  • Seed firms provide higher rounds with fewer meets than angels.
  • More meetings does not mean more money. 20-30 meetings should be enough.
  • Average time an investor spends on your deck is close to but under 4 minutes.
  • The perfect deck should be 20 pages or less.
  • Your deck should be mobile friendly, 1 out 8 investors views it on mobile.
  • The Sequoia suggested model seems to be ubiquitous in the industry as there were almost no big deviations on the slides required and their order. Check slide 7 for more info.
  • Investors spend most time on Financials, Team and Competition slides. If your financials are not ready yet, better do not include as they will be seriously scrutinized.
  • Do not include your deal terms in the deck.

 

Spicing up your LinkedIn profile – nifty icons and bullet points

The more I think about it, the more I am convinced that people should care more about their profiles in business networks rather than anywhere else (including their resume).

So while refreshing my LinkedIn and Xing profiles came the obvious need: “How do I add bullets to my LinkedIn profile?”

Getting Bullets on Your LinkedIn Profile

Actually there is no such thing as “bullet points” within LinkedIn. And you can do no formating. This is all.

Just kidding!

The simplest way to add some new symbols is to copy and paste them from somewhere else. In this case my blog. 🙂

So, just select (highlight) the symbol you want to use, copy it and paste it in LinkedIn. You can copy it by clicking Ctrl-C or right mouse clicking on the highlighted symbol and choosing COPY from the right mouse menu. Paste it by clicking Ctrl-V or right mouse clicking and choosing PASTE from the right mouse menu.

Of course, when pasting in your LinkedIn, you should have clicked on your profile and switched to edit mode.

And here are the symbols:

Stars:
★ ✪ ✯ ✰

Arrows:

☛ ☚ ☜ ☝ ☞ ☟ ⇨ ► ◄ ► »

Traditional bullets:

■ ♦ ◆ ●

Ticks:

✔ ✘ ☐ ☑ ☒

Email:
✉ ✍ ✎ ✏ ✑ ⌨

Phone:

✆ ☎ ☏

More:

♬♪♫ Ѫ ☮ ✈ ♥ ☠ ☊ ☗ ♘ ♝ ☃ ☂ ☁ ☀ ☺

If you really like it Klicki bunti, you can use these to make lines:
☲☲☲☲☲☲☲☲☲☲☲
▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▓▒░▓▒░▓▒░▓▒░▓▒░▓▒░

♬♪♫ Ѫ ☮ ✈ ♥ ☠ ☊ ☗ ♘ ♝ ☃ ☂ ☁ ☀ ☺

Hope you did not turn your profile into a Christmas tree. In fact, I used only two of these.

 

Yep, you can lose your notes in Evernote

Evernote is one of the apps that shape my day. Keeping notes is easy and fast, categorizing and finding what you need is a no brainer. In sum, I love Evernote.

But I had quite a hiccup with it in February. Long story short, an important note of mine disappeared. Irrecoverably. So now every time I use Evernote I ask myself if my data is actually safe.

It all started one day in February when my Mac asked me to update some apps. One of them was Evernote. It is not something unusual so I said yes as usual.

The update started and Evernote crashed. After the update reopened and I could use it again.

Murphy´s Law

An hour later I was looking for an important business TODO note that I update daily. It was THE NOTE from all of my notes. Surprisingly was not appearing any more and I could find a version from December only. After some searching I had to revert to the support line.

Support Fiasco

What I was not suspecting at this time is that my support experience will take quite some time. After sending several support requests and getting no answer. I ended up in some kind of support forums where I got an answer almost immediately but it was not an answer that can solve my problem. After several days of waiting and re-sending my case I finally read that paid clients get better support. So I joined Evernote Premium.

This is where I felt – ok, I was not paying so obviously cannot expect special treatment. Yet, solving a technical issue and specifically data loss should not be something limited to paid membership. In the end Evernote is all about data and there is an established belief that your data is safe in the cloud.

Now that I was a paid member, I had the pleasure to talk to a human being and actually very amiable person by the name of Ben.

Data is Gone. With the Wind

In a matter of several days Ben walked me through all hidden places of the system, asked me to check logs, visit the web version, change settings. But in the end had to admit that my note was gone. Irrecoverably. Ouch, that hurt.

Apparently the note had no ID inside the Evernote cloud and once the app crashed and restarted the note was deleted.

As said, I love Evernote but this incident shook my flawless perception of the product. They lost my business planning from last months plus tasks for next several months. I eventually recovered stuff from here and there but there was serious damage caused.

In my humble opinion number 1 priority of a cloud company is to ensure its users data is safely and securely stored. All the rest of improvements and gimmicks I am getting for years are rarely having any impact on my usage or speeding up my work. I still don’t get it how is it possible to have such a problem in a mature and established product but shit happens.

End of Story

Ben gave me 6 months free Premium membership. I did not get use of it. Still using Evernote though.

Which alternative products do you use? And is there a good alternative to Evernote?