The project phase of Batch one is up and running – only one month left until Demo Day on June 18, when startups are going to demonstrate their results.
Time to catch a breath and knock off work the Bavarian way – catching up after work over one or two tasty local beers and a cold platter of Bavarian specialties. Fortunately the famous monastery Andechs is just around the corner from our headquarters in Landsberg. Andechs has its own brewery and a couple of cozy beer halls – the perfect setting.
The get-together in Andechs marked the end of the day’s mentoring session on financing issues and pitch decks. The morning session revolved around the financing topic, focusing on the terms and structure of typical financing contracts. PwC legal expert Frank Tepper-Sawicki passed on his experience from multiple M&A/VC deals to startups in a very practical manner and highlighted the do’s and don’ts for such contracts from a startup perspective. Additionally startups got first-hand insights into how the requirements of strategic investors differ from that of financial investors.
In the afternoon, startups had the chance to undergo a reality check and see, whether their customer and investor pitch decks leave some room for improvement. Here, the diverse constellation of participants including representatives from customers, strategic investors, former founders and other startups really paid off. The different perspectives resulted in valuable feedback in terms of possibilities on how to craft even more appealing pitch decks. The startups warmly welcomed the valuable feedback, since it hopefully not only helps them to sell their vision even more appealing to potential Investors, but also to sell more of their products to customers.