Ultimate Pitch Deck (Part 1)
A scalable business model, a clear understanding of the amount of money needed, as well as a firm grip on the right funding option are the most common obstacles businesses that seek funding have to overcome. Our 100% customizable Ultimate Pitch Deck (Part 1) contains 1000+ animated slides that will help you put together a stunning, convincing presentation and obtain capital for development and growth.
If you need to walk your team or stakeholders through particular demographic or geographic data, use slides, such as this one. For more global and domestic map options, take a look at our Ultimate Map Collection.
With this slide, prove your online presence and show your social media strategy. Today, customers discover new products on Instagram and YouTube, which makes social media strategy extremely important for a business' success.
Before you dive in, here are some important stages of the funding process to consider, per Investopedia:
- Series A funding round – this round allows to further optimize a venture's user base and product offerings.
- Series B funding round – this round is about taking a business to the next level, past the development stage.
- Series C funding round – this round allows businesses that have already achieved success to obtain additional funding for new product developmentment, expansion into new markets or other companies acquisition.
2020 was certainly a tough year for getting funded, but here is what we can learn from the numbers, put together by Crunchbase:
- Despite the economic instability, investors have put $41.1 billion to work in reported rounds of $10 million and up through March 17th of this year, compared to $46.2 billion in the same period in 2019.
- A lot of the investors' money went toward transportation, which includes Alphabet-incubated autonomous transportation startup Waymo ($2.25 billion venture round), ride-hailing rivals Gojek and Grab ($1.2 billion and $856 million, respectively) and electric aircraft developer Joby Aviation ($590 million).
- Other ventures that got some enviable funding in 2020 were plant-based meat producer Impossible Foods ($500 million), banking upstart Revolut ($500 million) and data warehousing provider Snowflake ($479 million).
MycoWorks, a San Francisco-based startup which produces sustainable products and apparel, recently raised $45 million to commercialize its technology that makes a fungal-based biomaterial to replace leather. The company secured support not only from venture capitalists and fashion brands but also from celebrities, including Natalie Portman and John Legend, according to TechCrunch.
To win over investors and customers, the company very clearly differentiates itself from competitors, such as Bolt Threads (mushrooms), Ananas Anam (pineapple fibers) and Desserto (cactus leather) who also aim to substitute unsustainable materials with cruelty-free ones. MycoWorks differentiator is its emphasis on the durability of the fabric.
Matt Scullin, the Chief Executive Officer at MycoWorks told TechCrunch: "We've had the product tested in a huge range of different applications of various leather-based apparel to upholstery to standard leather goods like handbags and wallets. The key difference between our material and mushroom leather is that the structural component is so high." He continued: "We're confident in the material's ability to perform in a really wide range of applications so there's a wide range of uses for that."
So far, MycoWorks has raised $62 million in total. The company's most current funding announcement aligned with the opening of a new production plant in Emeryville, California. The plant will take MycoWorks' capacity up to its current tens-of-thousands of feet of fungal leather replacement capacity.