Do you have your startup pitch ready? We’ve shown you the power of the Gaddie Pitch.
Now, here’s an example of a successful startup pitch from Sam Altman, the CEO of Loopt.
In 2007, Loopt developed a mobile app that allowed you to find, and communicate with, friends in your immediate vicinity. It sounds like a hundred other apps now in the market but in 2008 it was ‘awesome’ (i.e. likely to inspire awe).
In this pitch, Altman provides a very succinct pitch, is friendly and genuinely enthusiastic about his product. He also tempts fate and wins, when he performs a live demonstration of the app.
What can you learn from this pitch?
- It’s short.
- It’s concise.
- It explains the pain point.
- It shows a working solution to solve that pain.
- It’s not too formal and, it’s not overly informal.
- And, it focuses on the customer, not the technology.
Was it a successful pitch?
Loopt raised $32 million from investors including Y Combinator, New Enterprise Associates and Sequoia Capital. In early 2012, Loopt was acquired by Green Dot Corporation for $43 million.
Share your pitch
So, if you’re launching a new startup in 2013, polish up your Gaddie Pitch. Then, get pitching!
If you have a video of your business pitch, we want to see it!
Loopt pitch, Apple Worldwide Developers Conference 2008