The Importance of a Simple Business Description

8min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

In this chapter, they discuss the importance of being able to explain your business in a simple sentence. They highlight how it reflects the understanding of the business over time and mention the questions they ask founders. They also introduce the $25,000 Friends and Family Check from launch fund and talk about the difference between the two-minute pitch at Founder University and the three-minute pitch at the accelerator.

This Week in Startups is brought to you by…

OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at openphone.com/twist

.Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to startups.tech/jason to find out how!

Mercury. 90% of startups fail. Just 10 out of every 100 make it. Mercury exists to close that gap — helping companies succeed with banking and credit cards engineered for the startup journey. Join over 100,000 companies banking with Mercury at ⁠http://mercury.com⁠

Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust; Members FDIC.

Today’s show:

Kelly Schricker joins Jason to kick off another startup pitch competition featuring four companies from Founder University Cohorts 5 and 6!

Time stamps:

(0:00) Jason and Kelly kick off another startup pitch competition!

(6:52) Why founding teams have an advantage over solo founders

(11:47) OpenPhone - Get 20% off your first six months at https://openphone.com/twist

(13:18) Founder University's program, and crafting the best pitch for your company

(22:24) .Tech Domains - Apply to get your startup featured on This Week in Startups at https://startups.tech/jason

(23:38) Jason Kappes pitches Newcomer Games

(25:58) Jason’s feedback for Newcomer Games

(32:24) Mercury - Join 100K+ startups banking with Mercury at http://mercury.com