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	<title>TonyZeoli.com &#187; capital</title>
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		<title>My experience pitching investors at Hatch Match</title>
		<link>http://tonyzeoli.com/2010/06/06/my-experience-pitching-investors-at-hatch-match/121/</link>
		<comments>http://tonyzeoli.com/2010/06/06/my-experience-pitching-investors-at-hatch-match/121/#comments</comments>
		<pubDate>Sun, 06 Jun 2010 06:53:20 +0000</pubDate>
		<dc:creator>Tony Zeoli</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[columbia university]]></category>
		<category><![CDATA[deck]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[hatch match]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[pitch]]></category>
		<category><![CDATA[round]]></category>
		<category><![CDATA[seed funding]]></category>
		<category><![CDATA[start-up]]></category>
		<category><![CDATA[the hatchery]]></category>
		<category><![CDATA[vc]]></category>

		<guid isPermaLink="false">http://tonyzeoli.com/?p=121</guid>
		<description><![CDATA[On Thursday, June 3, I took a risk and went out to pitch my business plan and investor presentation at Hatch Match, a unique meet &#38; greet put together by a group called The Hatchery. While some say The Hatchery is making money and taking advantage of the buzz around the New York start-up scene, other believe its an important and useful tool to help entrepreneurs hone their pitches to ensure they are prepared for the gauntlet.]]></description>
			<content:encoded><![CDATA[<div class='wb_fb_top'><div style="float:right;"></div></div><p>On Thursday night (June 3), I made my way up to Columbia University for the <a title="Hatch Match Event" href="http://www.hatchery.vc/upcoming/events/" target="_blank">Hatch Match</a> event sponsored by <a title="The Hatchery website" href="http://www.thehatchery.vc" target="_blank">The Hatchery.</a> I&#8217;d never been to a Hatch Match, but wanted to get the experience  of pitching to investors in 5-minutes. Bell rings and times up.</p>
<p>After the first two 5-minute pitches, I quickly was able to hone my message down to the bare essentials. I realized while I had my deck with all the bells and whistles, the slides quickly became secondary to greeting and the verbal pitch. What rolls of your tongue in the first 30-seconds sets the stage for the next 4-minutes and 30-seconds.</p>
<p>I arrived late after taking the wrong train uptown. I keep forgetting the 2/3 doesn&#8217;t travel up Broadway. That little mistake cost me meetings with AOL and Fremantle Media, but that&#8217;s okay, I hadn&#8217;t expected them to be there anyway and I&#8217;m so early, they wouldn&#8217;t come into play until later anyway. This was my first event and I was really just there to get the experience.</p>
<p>When I entered the hall, I was given a list of investors with their target industries, bios, and list of companies they&#8217;d invested in. I quickly tried to read through the list of over 40 investors, but it was made difficult because while there target industries were listed next to their names, the list wasn&#8217;t categorized by vertical, for example <em>Media &amp; Entertainment</em> or <em>Health Care</em>. I think they could do better by listing investors under specific categories.</p>
<p>Because I&#8217;d never been to a Hatch Match, I didn&#8217;t realize that I should have taken the list with me to the sign-up area, where appointment stickers were flying off the table. By the time I read through the list and approached the tables to make my appointments, many were already sold out. So, I tried my best to pick one angel, one institution, and one company with some local NYC media &amp; entertainment experience. It was a bit of a scramble, with everyone jostling to see what was still available.</p>
<p>The first two selections were more to get my feet wet. The third selection paid off in spades. We all actually know this person, because he is a vocal participant on this list. I wasn&#8217;t sure it was the same person, but I quickly went back through some posts on my iPhone and was excited to actually meet him in person. Really nice guy.</p>
<p>At the end of the day, this was my first Hatch Match. I didn&#8217;t expect it to be a big win, but I did meet a lot of people and gained some very, very valuable experience. It&#8217;s exciting to get in the game and run off your pitch to investors. What I can say is that you should be ready and be early. Throw out your one paragraph description of what you&#8217;re trying to do, then when the questions start coming, jump to the pages in your deck to support your answers. I realized that with my deck, it&#8217;s best to actually use a sticky or tab (between pages) so that you can quickly flip to the section you want to refer to. I hadn&#8217;t though of that before, but I know to do that next time.</p>
<p>I&#8217;ve also learned over the years that it&#8217;s best to pitch strategically to investors in your area of expertise. It&#8217;s really a waste of time to try and grab just any investor. Sure, you never know—but, it&#8217;s probably better to be strategic. If you do just &#8220;go fish,&#8221; you&#8217;re kind of taking away someones opportunity. I&#8217;m sure people took meetings out from under me that they had no business meeting with, but they chose them because of the name brand.</p>
<p>My takeaway was that it was very well worth it for the learning experience. I met some amazing people, like <strong>Selene Kepila</strong> from <a title="Care Data" href="http://www.catedata.biz" target="_blank">Care Data.</a> You can feel the drive, passion, and motivation when she speaks about her products and services. I also met <strong>Matt Mankins</strong> from <a title="In A Moon Fair Trade Content Licensing" href="http://www.inamoon.com" target="_blank">InAMoon.com,</a> a service to &#8220;fair trade&#8221; content. It was good to catch up with <strong>Kwasi Asare</strong> (formerly of Bad Boy Entertainment) who&#8217;s working on a next-gen web app service called<em> <a title="WeAreFighter.com" href="http://wearefighter.com/" target="_blank">Fighter.</a></em> Gotta look into that one and get a handle on what they&#8217;re doing.</p>
<p>On the periphery of the main hall were tables from sponsor companies. Columbia had a table to support their students. MTV Mobile had a table. And, Gigapixel Creative, a local NYC web development house, had a table too.</p>
<p>The end result for me is that my last meeting resulted in a follow-up. People with Northern European experience completely get the dance music thing. I can&#8217;t say that for most Americans. It&#8217;s really a sad state of affairs in this country, but that&#8217;s why I&#8217;m setting out (again) to change it. Hey, when Randy Jackson can starts a dance music label, that must mean that the market is shifting. Hip-Hop is over. The golden age has come and gone. Times are shifting to Lady Gaga and David Guetta, and I&#8217;m going to be there to service that niche.</p>
<p>Hope this helps some folks who are considering pitching at these types of events. I learned so much and feel like I&#8217;m really ready now to move forward with my plans. It gave me a lot of confidence to get in there and just do it. You just gotta get into the pit and make things happen. No matter how far you are along, it&#8217;s good to get the experience under your belt. You&#8217;ll get valuable feedback and it will help you in the long run.</p>
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