Here is my elevator pitch:
Shadia Yousuf Assignment 3 Elevator Pitch
Here is my venture pitch.
Shadia Yousuf Assignment 3 Venture Pitch
After I finished writing my Venture Pitch I realized that the ask for my product may be too high. When I think of the show Dragon’s Den, I typically see investments of somewhere between $100 000 – $500 000. In my venture pitch I have asked for a $10 million investment. This is because the company I fictionally say I am apart of already exists – Trello. They continue to get venture capital investments and according to TedCrunch, the last round of funding was for $10 million. To be in line with the last amount, I also request $10 million in my venture pitch to take Trello’s existing product into a completely new direction. However, when I reflect on this assignment I think that most new start-ups would initially ask for a much lower investment amount. I think Trello’s experience is different because one of the founder’s is already established in the tech industry, and so with his established credibility and success in the field its easy for him to get VC funding. I am not sure if this would be the case for the majority of startups.