Angel Audits – Fix Your Massively Flawed Pitch Deck and Financial Projections BEFORE You Pitch Angel Investors
Are Angel Investors Laughing With RIDICULE At Your MASSIVELY Flawed Pitch Deck and Five-Year Financial Projections For Your Startup Company?
Your startup is in major jeopardy – both from not being able to raise your funding but also because you’re going to run out of money and runway much sooner than you think – Making your business plan all but worthless.
All of this was probably caused by you making an early-on MICRODECISION that seemed so right at the time – and now it is JEOPARDIZING everything about the future of both you and your startup company.
The purpose of the above TUTORIAL VIDEO is to teach you what you need to know so that you and your company are taken seriously once you change the driving assumptions for your financial projections so they are both achievable and believable – And acceptable in the eyes of prospective angel investors.
Be sure and watch this entire tutorial to the end because I’m going to cover over TWO DOZEN very specific items that you need to consider changing on your current financial projections before you show any of your documents to prospective investors!
Testing 1 2 3. Can You Hear Me Now?
TURN ON YOUR SOUND, or you will MISS OVER 85% of this content-rich tutorial, which includes over two dozen very specific, pivotal suggested changes to your current financial projections!
What I Learned from Reading Over 5,000 Pitch Decks, Business Plans, and Financial Projections
Based on my 4.5 DECADES of raising investor capital from angel investors – and my review of more than FIVE THOUSAND pitch decks, business plans, and financial projections, I have seen uncountable mistakes that absolutely kill the company’s chances for any success at raising investor capital.
More than 98% of those 5,000-plus companies I just mentioned – totally missed the mark when it came to their business plan focus and their business model, and almost all of these left out 3 to 10 critical slides in their pitch deck.
This extensive data set means that you, too, probably have a 98% risk of having massively flawed financial projections and an unconvincing pitch deck!
However, one outrageous set of financials came across my desk last week that compelled me to stop just about everything that I was doing and produce what I hope is going to be a pivotal tutorial and give back to so many other entrepreneurs who are struggling with their own startup companies.
Details about this outrageous set of financials are described in the video.
Too Many Companies Make a Bad Microdecision That Ends up Killing Their Company.
The major problem is that most startup companies mistakenly try to save money by getting their pitch deck, business plan, and financial projections done by hiring the cheapest possible talent.
I get it. Money is tight for almost every startup company, and you want to make your cash last as long as you can. So, you make a quick microdecision to go with the cheapest bid you can find to get these parts of your fundraising package checked off the list. For example, your detailed financial projections are just a bunch of numbers that you may not understand anyway.
All the while, you do not realize that this one “simple” microdecision of using cheap talent is going to have dire and lethal unintended consequences that will probably kill your company – just because you wanted to save a few dollars in the worst possible places.
Cheap talent has learned how to use cheap software and templates to spew out dozens of pages of projections to be quickly slapped into a business plan.
The problem is that this cheap talent almost always has zero concept of the fundamental metrics associated with your niche and your industry. and no insights into the near infinite multitude of hidden nuances required to actually start and run a company – Including what is required to actually raise Angel Investor capital from real human beings.
Often, this cheap talent chooses driving assumptions that generate projected, desired metrics – including “hockey stick” revenue gains with absolutely no concept of what’s required, expense-wise, personnel-wise, timing-wise, cash balance-wise, and execution-wise, to generate those results.
Garbage In. Garbage Out. Garbage projections based on garbage-driving assumptions rarely get funded.
If the driving assumptions for your five-year financial projections are bad or bogus, the formula-derived projections are at least equally bad or bogus.
And EVERY number that relates to your monthly cash flow AND your monthly cash balance is wrong.
All of this also means that your calculation of how much investor capital is needed is completely wrong. This means even if you’re successful in raising the capital that you think you need, you’re probably going to have days and nights of panic once you realize what you promised investors in your pitch deck and your business plan do not match reality.
WATCH THE ENTIRE ABOVE VIDEO WITH THE SOUND TURNED ON SO YOU DON’T MISS A THING!
My hope is that this tutorial makes its way to the eyes, ears, and brains of some of those entrepreneurs, with all those organs open enough to benefit from the dozens of insights I’ve shared here about raising investor capital that I’ve learned during the last 4.5 decades.
You Only Have A 6% Probability of Success
According to a 10-year study by the Kauffman Foundation of Kansas City, 94% of startup companies FAILED to receive Angel investor funding.
Two of the primary reasons for this 94% failure rate:
- An incomplete and inadequate pitch deck that either does not properly grab the reader’s attention or does not quickly answer the obvious angel investors’ questions.
- Detailed five-year projections with unbelievable and unachievable driving assumptions and insufficient and inadequate financial projections that lacked clarity and granularity.
These self-inflicted wounds are almost always fatal to any future for these companies. My goal is to offer a very affordable solution that can GREATLY improve your chances for success in raising your Angel investor capital.
If you have any difficulty whatsoever updating your pitch deck to implement the above seven suggestions, you are probably in desperate need of my Angel Audits Service.
My Three-Tier Focus With Angel Audits & How It Provides You Critical Help
Due to incredibly popular demand, I am offering startup company CEOs a new, very cost-effective, critically needed fixed-priced service: Angel Audits.
I’m doing this, mostly as a public service as my way of giving back to my fellow entrepreneurs, because a vast majority of all startup companies are absolutely killing their chances to successfully raise Angel investor capital that is pivotal to their success – all because they have MASSIVELY screwed up their financial projections – and by extension, their pitch deck – and don’t even know it.
These self-inflicted wounds are almost always fatal to any future for these companies. My goal is to offer a very affordable solution that can GREATLY improve your chances for success in raising your Angel investor capital.
Let me quickly explain how my Three-Tier Focus With Angel Audits provides you with critical help.
Firstly, I help you ensure that your business model and financial projections much more accurately estimate the future of your company.
I give special emphasis to revenues, expenses, personnel, and startup costs and their timings so that cash flows and rolling cash balances are more accurately projected.
I’m also looking for the near-infinite number of typical, startup company deal-killer blunders that most entrepreneurs seem to include in their five-year projections. Many of these have nuances galore that take my massive experience with angel investors to spot – and to know how to best exchange bad driving assumptions for believable and achievable driving assumptions.
By using Angel Audits, the amount of capital you ACTUALLY need from angel investors will be much more accurately identified.
Too many startup companies only very badly guess how much investor capital they need. Angel investors can spot this very quickly, and it almost always destroys any confidence prospective investors have with any of your numbers – along with having them immediately question the capabilities of the startup company CEO.
By using Angel Audits, your company will also have a SIGNIFICANTLY better chance of avoiding bankruptcy because you ran out of cash much sooner than you imagined would be possible.
What a great idea!
Secondly, by accomplishing the first goal, you and your company will be SIGNIFICANTLY better postured with your updated, much more comprehensive pitch deck, which will be more positively impactful, motivating, and enticing when presented to prospective Angel investors – Oh, and so that Angel investors don’t IMMEDIATELY trash your whole pitch deck within two minutes due to your obviously bad projections and previously missing slides!
The really frustrating part about this result is that the angel investor never takes the time to drill down on your vision of your company and its products and services – and how beneficial they can be to your target audience and the kinds of real profits that can be earned.
I get it. The angel investors can end up with 200 new deals a day, or even more, with pitch decks and financial projections from other entrepreneurs touting their deals and directly competing with you for the angel investors’ time and their limited investment dollars.
Angel Audits helps you rise above all that competitive noise so that your story can be heard.
Thirdly, you also receive, at no additional cost, my “Ready for Prime Time Prioritized Action Plan,” listing the 138 Action Items that need to be completely accomplished before you’re legally ready to pitch the first prospective investor.
Having worked with thousands of startup companies over the past three decades, I can almost say with absolute certainty that your current Action Plan does not currently include a multitude of these absolutely critical 138 Action Items. My Ready for Prime Time Prioritized Action Plan will help ensure that you are genuinely “Ready For Prime Time” to start raising your investor capital.
You will receive this Action Plan in both PDF and simplified Excel formats.
Any and all parts of the entire Action Plan can be easily customized for the specific needs of your company and your raise.
You can sort the plan by Action Item, Priority, Start Date, End Date, And Accountable Person.
Your Action Plan is a live document that can be constantly updated as priorities and dates change.
Your Action Plan makes it easy to track the performance of each member of your team – and also identify what additional resources you may need for timely success.
With your “Ready for Prime Time Prioritized Action Plan,” you’ll finally have a comprehensive handle on the scope of work required before you ask for the first check.
All things considered, especially with ALL things currently being risked, can you afford NOT to immediately grab ALL these benefits of Angel Audits as significant, VERY AFFORDABLE INSURANCE against some of the multitude of downsides you and your company face without this GREAT, very affordable service?
The Three “Whats” For Angel Audits
What I Personally Do for You: I review your current pitch deck and financial projections along with their driving assumptions. I also review your business model. I review these the same way they’re going to be viewed by prospective angel investors with the goal of giving you meaningful narrative feedback for you and your team to make changes to your existing pitch deck, driving assumptions, and five-year financial projections.
What You Get from Angel Audits: With Priority and Top Priority Service, you will receive my written analysis of your pitch deck, financial driving assumptions, five-year financial projections, and business model. I also include detailed, written recommendations for changes to these that I believe will greatly enhance the believability and achievability of your pitch deck and five-year financial projections for Angel investors. I also do this so that you have much better estimates for your absolutely critical cash flow and rolling cash balance. Thirdly, you also receive, at no additional cost, my “Ready for Prime Time Prioritized Action Plan,” listing the 138 Action Items that need to be completely accomplished before you’re legally ready to pitch the first prospective investor.
Nota Bene: I do NOT make changes to any of your financial projections or to any of your documents, including your pitch deck. Instead, I give you narrative instructions for what I recommend that you and your team do to fix your pitch deck, financials and/or documents. Also, note that my Angel Audits Service is only a cursory, top-level review of many dozen typical startup company oversights and is not a detailed, comprehensive audit of your financial projections. If you need a detailed comprehensive audit, my fixed price for this service is generally $8,500. Contact me for more details.
If you implement my recommendations, your improvements to your pitch deck, numbers, and business model will hopefully do a much better job standing up to the skeptical scrutiny of prospective investors. Note: As I’m sure you understand, Angel Audits Service is provided solely on a “best efforts” basis, and there can be no guarantee or warranty whatsoever that you or your company will be successful with any fundraising or any other related efforts.
Oh, and it may massively help prevent you from running out of money and going out of business. Most startup company CEOs might consider that those are pretty good secondary benefits.
What Are My Qualifications for Helping You With This Audit? I have 45 years of professional experience working with angel investors – both from 15 years with my own real estate, software, and financial companies – and from my experiences working with thousands of startup companies during the past three decades of consulting. During that time, I have personally reviewed more than 5,000 pitch decks, business plans and detailed financial projections.
Additionally, my direct angel investor experience with my own companies included me successfully completing all 44 of my Reg D 506 offerings for all 44X companies I personally founded, raising an amazing $110 million in today’s dollars with the support of 1,342 terrific angel investors and venture capitalists for my own 44 real estate investment companies, financial services company, and software company – including taking the software company public. I even started my own NASD broker-dealer company.
These private placement fundraising efforts were funded as a result of my direct solicitation – Including over 20,000 angel investors who said NO – and my successful closing of approximately 1,342 of those angel investors and one venture capital group who said YES.
Even though YES was much more preferable than NO, I gained the hard way, a TREMENDOUS amount of insights about angel investor perspectives and motivations – and what it took for my offerings to rise above the noise level and be genuinely considered.
Additionally, I was the Founder, CEO, and Chairman of Goodman Securities, Inc., a direct participation broker-dealer and member of the National Association of Securities Dealers, Inc. (NASD) and the Securities Investor Protection Corp.
My sole focus with Angel Audits Is to help you ensure that your pitch deck, business model, and financial projections will be significantly more accurate and better postured to be more positively impactful, motivating, and enticing when presented to prospective Angel investors – And also so Angel investors don’t trash your whole pitch within two minutes. (Yes, sophisticated Angel investors really can find the holes in your numbers that quickly!)
Introductory Pricing – For A Very Limited Time Only
Introductory Pricing for the Chief ImpleMentor Angel Audits Service:
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Standard Service, for an approximate 10-business-day turnaround is only $697.
(Financial review only. Excludes pitch deck review.) -
Priority Service, for an approximate 5-business-day turnaround, is $897.
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Top Priority Service, for an approximate 2-business-day turnaround, is $1,597.
These prices and terms are subject to change without notice.
Both Priority Service and Top Priority Service also include a review and my recommendations for changes regarding your current pitch deck with the goal of making it more receptive and enticing for prospective angel investors.
Top Priority Service also includes, at no extra charge, a second detailed review of your financial projections, their driving assumptions, and any updated pitch deck after you have implemented my first round of recommended changes.
If you anticipate wanting me to review your changed numbers and changed pitch deck, Top Priority Service is definitely your best choice.
Note: Neither Standard Service nor Priority Service includes any secondary or subsequent reviews of your information without payment of a new review fee.
If you anticipate wanting me to review your updated numbers and updated pitch deck faster than the Standard 10 workday turnaround, then Top Priority Service is definitely going to be your best, most cost-effective option.
You might wonder why a full new review fee is required when only a few changes were made to the driving assumptions. The answer is that even one relatively small change to a single driving assumption can propagate to virtually every critical number in your financials – especially your all-important cash flow numbers, breakeven analysis, cash balances, etc. As a consequence, I need to check all of your numbers again to see if the small changes you made in the driving assumptions have created additional issues for you.
Remember, the Top Priority Service includes a second detailed review of everything for no extra charge and two reviews of your pitch deck.
Prospective investors are too hard to find – you do not want to waste a single opportunity having a deficient pitch deck and/or bogus numbers that will be immediately rejected by even a single angel investor – and you certainly don’t want to have bogus numbers that may be the kiss of death for your company.
How fast do you need your flawed pitch deck and financial projections fixed?
The sooner we start – the sooner it’s done!
My goal is to do everything I can to help accelerate your raise and get you from your current Point A to your Post Funding Point B – ASAP.
Our first step is to complete all of the above so that we are genuinely “Ready for Prime Time” – and ready to ask for and legally take the first investor check.
Want a Personal, Warm Introduction To My Personal Network of 11,000+ Investors – ALL of Whom Personally Know Me??
I am not currently a direct Angel Investor myself. Instead, I help my clients make sure they are genuinely “Ready For Prime Time” for their fundraising – and THEN help get them connected with startup company investors in my network.
My direct personal network includes more than 5K Angel and Accredited Investors, 4.5K Venture Capitalists, and 1.5K Family Offices – Unlike the multitude of folks falsely claiming that they have an investor network, ALL 11K of these investors PERSONALLY KNOW ME.
As background, I successfully completed all 44 of my Reg D 506 offerings for all 44X companies I personally founded, raising an amazing $110 million in today’s dollars with the support of 1,342 terrific angel investors and venture capitalists for my own 44 real estate investment company, financial services company, and software company. I even started my own NASD broker-dealer company.
I’ve been working with Angel Investors for 4.5 decades and know too well that finding real prospective investors is difficult – especially with the looming major recession that already has a lot of investors sitting on the sidelines.
Whether we work together or not, you probably need to urgently raise your capital before this recession gets as bad as many of us expect and investor capital dries up completely.
Having worked with thousands of startup companies, I have fortunately figured out an elegant solution that totally protects the privacy of all of my investors in my extensive network – and still offers a great source of funding that is simple and very cost-effective.
For more information, please watch my YouTube video on FAST ANGEL PITCH to see how your company might greatly benefit from my WARM INTRODUCTIONS of you, your company, and your offering to ALL of those 11K investors – and the many, massive other benefits that are available to the right clients for only a $2,950 one-time, fixed-cost approach – no matter how many of my investors invest in your deal.
This is usually a genuine, no-brainer decision – especially when compared to all the other alternatives.
Check out my Fast Angel Pitch Service – Intro Video: https://youtu.be/nL1QsRzhd9I
See FastAngelPitch.com for complete details, disclaimers, terms, conditions, pricing, etc.
On our webpage, check out the link to a recent Fast Angel Pitch Client, which is a real estate syndication company. In their case, they raised $5 million.
If your fundraising needs and my services are a good match, please let me know so we can take the next step toward your funding success.
This Has Been a Public Service Announcement.
Yes, I make money from offering this service – but I priced it so virtually any serious startup company can afford it.
My Angel Audits Service is an absolutely trivial cost that is priced so that it is an absolute no-brainer decision for serious entrepreneurs – especially compared to your overwhelming downside if you try to go it alone without this critically needed Angel Audit.
Sound good? Ready to get started and do it right?
Click CONTACT ME right now for the Statement of Work and payment instructions.
Be GREAT!
Robert
Robert Lee Goodman, MBA
CEO and Chief ImpleMentor
CEO RESOURCE LLC
FastAngelPitch.com
FractionalFundraisingMentor.com
FractionalSyndicator.com
AngelAudits.com
RealEstateImpleMentor.com
StartupCompanyInvestors.com
StartupCompanyStepsToFundraisingSuccess.com
ChiefImpleMentor.com
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My 26K+ 1st Level Connection LinkedIn Profile: Linkedin.com/in/robertleegoodman
Elevator Pitch: “I Help Startups Start & Stay Started.” ™ | MBA | 44X Founder | Raised Capital 44 Times For My Own Companies = $110 Million TD From 1,342 Investors | “I Help Startups Plan, Fund & Implement” | Funding Network: 5K Angel Investors/4.5K VC/1.5K Family Offices – ALL 11K of Whom Personally Know Me. | Are You REALLY “Ready For Fundraising Prime Time?”
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PS: Note: I do not make changes to your pitch deck or financial projections or to any of your documents. Instead, I give you narrative instructions for what I recommend that you and your team do to fix your pitch deck, financials and/or documents.
Note: Due to the near-infinite multitude of variables involved with raising investor capital, any and all of my services, including Angel Audits, are done solely on a “Best Efforts” basis with absolutely no guarantees whatsoever that you will be successful in any way raising any investor funding. This should be obvious to everyone but needs to be clearly stated for legal reasons.