I have a meeting with an angel investor next week. I definitely needed to see this! Thank you!
ETA: It seems the link no longer works?
You don't "pitch" business plans. A business plan does not house the legal language that is needed and required to present your offering to an investor.Entrepreneurs often only have a few minutes to make their pitch to potential investors. Here are some critical tips:
http://www.headoftheboard.net/video/tips-for-pitching-your
I meed to pitch soon she called it getting to know each other but I can read between the lines. Not an investor but another business that wants to see if they can host my events in their venue.You don't "pitch" business plans. A business plan does not house the legal language that is needed and required to present your offering to an investor.
I don't care what they do on Shark Tank or what some article says.
A business plan is apart of the package not the sole document.
A business plan is used as a marketing document and presents the company from a marketing point of view. It doesn't offer Full Disclosure.
The Full Disclosure document is called a Private Placement Memorandum(PPM). You would add you business plan to the PPM as an addendum.
The PPM documents need to be prepared in compliance with 'Federal Regulation D' and provide the investor with “all material” information necessary for the prospective investor to make an informed investment decision.
A business plan by itself doesn't provide the required information that investors need to make an informed investment decision.
It is HIGHLY SUGGESTED that you not use your business plan when seeking to solicit investors but instead only use your PPM.
I will not go any further because this post could turn into a book.
Source: I've spent my career in Investment Banking, working with Investors.