At TechCrunch Disrupt, three investors took the stage to dissect what makes — and breaks — a pitch deck. Jyoti Bansal, a founder-turned-investor; Medha Agarwal of Defy; and Jennifer Neundorfer of January Ventures shared with the crowd their candid views on what works in a pitch deck — and what doesn’t.
Their biggest pet peeve? Buzzword overload.
The more a founder says AI in the pitch, Agarwal said, the less AI the company likely uses. “The people who are doing things that are really innovative, they’ll talk about it, and it’s built in, but it’s not the core of their pitch,” she told the audience.
Bansal, who built and sold multiple companies before becoming an investor, distilled investor expectations into three core questions. First, he asks whether there is a large enough market to tackle. Does the founder’s idea have the potential to become a huge company? And is the problem he or she is solving actually worth solving?
The second thing investors want to know is why this founder is the one who should be building the company. “There has to be something unique about you,” Bansal told the crowd, adding that this included having special members on the founding team or having special skills. “Why would you win? If the problem is interesting, there will be 20 other companies trying to solve it, so why would you win and what’s your opportunity?”
The third thing investors want to see, Bansal said, is some validation. “Traction with customers,” he said. “Validation could be initial customer feedback, revenue, something, but some kind of validation.”
These three questions, Bansal noted, all lead to the ultimate litmus test: Could this become a billion-dollar company?
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The panel also addressed how AI startups can differentiate themselves as the space becomes saturated. Bansal emphasized the importance of domain expertise and a clear competitive strategy. Neundorfer said the companies that catch her attention are those enabling new behaviors rather than simply improving an existing process incrementally.
Agarwal offered more tactical advice to founders, saying they should explain how AI technology enables their product; articulate clear go-to-market strategies; and demonstrate how their business will be more efficient than incumbents.
It’s also very important to be honest about what competitors are out there, she added. Some of you have “lost some credibility with me because you didn’t have it on your slide,” she told the founders in the audience.
Finally, the investors shared advice for navigating the rapidly evolving landscape. Agarwal urged founders to stay on top of industry developments. Neundorfer recommended staying connected to founder networks to share tools and insights.
Bansal’s advice was simpler: “Focus on building your product.”
