Making a pitch and telling the ‘startup story’ is an integral part of life for all entrepreneurs. Attracting employees, customers, partners and investors all require the founder to successfully pitch a compelling story about the organisation and its offerings.
The emerging trend of crowd-funding opens an even larger investor community for startups, making it more important for founders to give good pitches and answer probing questions. The recent Bangalore Crowd Pitch Challenge was organised by crowd-funding platform Catapoolt, NASSCOM’s 10,000 Startups initiative, Unitus Seed Fund and YourStory. It featured pitches by a range of entrepreneurs to the jury at a terrific new venue for startup events: the Big Pitcher microbrewery.
The featured startups were: RentSher (online rentals), Pynme (GPS tracking solutions), HereNow (hyperlocal communication), DigiCollect (geo-analytics for real estate), eCourierz (comparison shopping for couriers), Cooey Technologies (healthcare IoT), Tanlft Bike, SchemesCentral (commitment deals marketplace), i-Give (food services for the hungry), Mean Metal Motors (design team for supercars), WordPlay (Android word game for mobile), LabInApp (3D simulation app for school labs), Qbeeko (collaboration and discovery platform), ClinkR (trusted O2O connections), Freekall (free ad-supported voice calls), DoSelect (collaborative hiring tool for tech companies) and India.Edu Film (proposed film on India’s education system).
As usual, most of the entrepreneurs found it difficult to finish their pitch within the stipulated three minutes, and Catapoolt had a creative way to tell them their time was up: flashing strobe lights and the threat of being shot at with a catapult. The questions from the jury revealed important and interesting angles all startups must factor during their pitches.
Here are 40 questions from the jurors, sorted in thematic order below. See how many of these questions you can answer, and how fast. Some of the questions are for physical product companies, others are for software products and platforms.
Startup Question Bank:
YourStory will collect more such questions from pitch competitions and compile them into a useful resource: a Startup Question Bank. If you have been a juror for startup competitions in the past, please send us relevant questions you’ve asked, and we'll aggregate them into our Question Bank.