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If you work in tech you have probably heard this quote over the years: “The future is already here – it's just not evenly distributed.” William Gibson - August 1993
Having lived in New York City for most of the past decade, I have often felt like New Yorkers live in the future compared to others around the country. Fast-casual salad restaurants, seamless, electric bike shares, uber, revel, spectacles, ramen burgers, cronuts, the void VR, capsule, etc, all existed in New York City (and to be fair other tier-1 cities) before making their way out into the smaller cities, then the suburbs, and finally the rural parts of America. Normally the process of “innovation sprawl” can take years.
In the very short amount of time we have all been in this global COVID-19 pandemic, technological innovation has been sprawling faster than ever. Everyone everywhere is being forced into the future. Using and adjusting to future technology to help cope in their own ways with the virus.
Earlier this year, in response to the question “What are the most common mistakes founders make when they start a company?”, Justin Kan, the Founder of Twitch & Atrium, responded with the following:
“Mistake 1: Underestimating the importance of narrative when fundraising:
I firmly believe that investors invest in (and employees join, and journalists write about) compelling stories, and your pitch deck is really just a vehicle for telling the story you want to tell. So, start first with the narrative and build the deck after you have it nailed.”
Finding Your Killer Company Narrative:
You need a killer company narrative for your startup pitch. Wether you are telling your family about your company or speaking with investors while fundraising, how you communicate your company’s narrative matters.
From a pure story perspective, how do you do that? Let’s quickly introduce two frameworks we will be using.
Framework 1: Story of Stories
With this question in mind, I was recently reading a series of new posts called The Story of Us from one of my favorite authors, Tim Urban. In it, he breaks down the specific characteristics required for a normal story to become a story virus.
As we close out one decade and enter another it is worth reflecting on what has changed in the last ten plus years of the Venture Capital industry. Pear.Vc recently published a wonderfully insightful deck, the Seed Financing Landscape, on just that and I thought it was worth sharing. The Venture Capital & Angel Investment landscape keeps moving upstream.