Garry Tan and Justin Kan (Twitch Co-Founder) Roast Startup Pitch Decks
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- เผยแพร่เมื่อ 28 ก.ค. 2021
- Subscribe to Justin's channel and watch part 1 of this video! • Roasting Startup Pitch...
This week I'm sitting down with Justin Kan, a friend and co-founder of Twitch, to roast (and help) your startup pitch decks. There's something to learn from every company here, so I hope you dive in and learn something new about how to pitch your company to investors (and founders) like us. Let's get into it.
I'm Garry Tan, venture capitalist and founder at Initialized Capital. We were earliest investors in billion dollar startups like Coinbase and Instacart, and I'm a Forbes Midas List Top 100 venture capitalist in the world. We want these videos to be about helping people build world-class teams and startups that touch a billion people. Our startups have gone on to create more than $100 billion in market value so far, and Initialized has over $1B in assets under management.
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You're the best, Garry!
Thanks for having me! More collabs!!
Love it and miss you guys :)
@@GarryTan Thank you, guys.
What's the reason behind both agreeing that startups are bad clients? I've always thought that the positives compensed the negatives end ended up being neutral, for example, the ease of closing deals because they don't have a solution that they don't have to migrate and a big hierarchical structure that you have to navigate compensates the inevitable churn that will happen because some of them will just die, and not having much money to spend on superfluous solutions. But what made you to side on the bad client side?
That was super awesome. Is this gonna be a weekly show?
Thank you so much Garry & Justin for having us. It was extremely useful and thought provoking. We already made few changes to the deck :).
Quick advice,
Your deck is bulky to read. If I were an investor, that would be a turn off for me right from the start.
I won't bother with the rest.
These "roasts" are interesting, thought-provoking and entertaining, keep them coming!
Slingshot has a potential to transform a heavily credential-driven hiring/recruitment approach to a skill-based one -- where age, geography, socioeconomic status and costly credentials are not barriers to entry for top-tier jobs. Colleges these days cost soooo much. It would be cool to get trained and work in top-tier industry jobs without going $200+ in debt.
We have placed students in many fields including: SWE, WebDev, ML/AI, Data Analytics, Computational Biology, Systems Engineering and non-tech roles like marketing, SEO, technical writing, social media management to nam a few!
Incridble wish I had this when I was in High school
It might as well be called as exploiting child labour by selling dreams to kids... talented kids will anyways get a good job or does his own thing we had such things in our college as well they say they'll give internship and industrial experience but truly give paid internships for very few people and rest will work for free in the name of certificates
working in India ?
@@TheMsnitish yes
@@dhikshith_reddy Actually I'm a part of Slingshot (And a verified fellow) and all the internships on the platform are paid. It's not a course where they're selling dreams. It's more of a platform to get high school internships for free.
(they even scraped the 40% cut off the monthly wage)
"The top high school talent is probably better than freelancers" and I took that personally
You definitely should have
High schoolers globally these days have grown up with social media, free internet, MOOCs, and tons of free educational content online. Lots have several years of programming experience already! It’s not surprising that high schoolers can code/perform at the same level as recent college grads.
@@salesandmarketing129 agreed!
@@salesandmarketing129 high schoolers along with the rest of the world lol not just them
@@salesandmarketing129 That's a really good point.
You guys should do this more often. Make it a regular thing. So valuable coming from you two.
Great job guys. this is INVALUABLE to startup founders. Getting to be a fly on the wall and hear what investors are actually thinking while going through our decks is so helpful. thank you
I'm really in love with this and I'm so grateful that yall are taking the time to do this for others.
One of the things that stood out for me is when Garry gave a "grade" for the last pitch and it gave me an idea that I think would help even more.
What do yall think about rating each pitch at the end of each deck with a breakdown for why you chose that rating?
Idk if that falls in line with the whole "roasting" aspect of it though, but it's a thought.
I appreciate yall so much and I hope you keep up the good work.
It's so wholesome you guys brought the founders on to explain the business
I love these formats, gives real insight into how you assess all the ideas you get pitched
17:00 they aren't missing a zero it is lakh in india 1,00,000 1lakh = 100k 9 lakhs 900k I'm from India too nice to see you both churning through ideas want to see more.. how do we send you our pitch
'Ab' means 'Now' and 'Har' means 'Every'. 'Ab' (अब) and 'Har' (हर) are words belonging to the Hindi language.
This reminds me of so many pitch meetings I've been in. Unvarnished. Direct. Everyone should watch this again. And again. All this shorthand screams real. Great video guys.
These types of CEO interview/sitdown videos are so helpful for me! Thanks for the great content as always Garry!
Two of my favorite people in the investing world! Thank you❤️
I think the 40% for slingshot would be a fee paid by the startups like other placement agencies.
Yep, that's the idea. However, we are iterating on our business model. So, it will likely change.
Loved picking up PT. 2 on this channel! Good shit. I pick up so much bizness education in the small moments with you both.
Love this kind of content! It's great to see these pitch deck critiques
love this series of showing us your thought process when evaluating startup decks! thank you :)
Please keep doing more of these , Absolutely loved it !!
You two are the best! Couldn't think of a better combination, please bring more videos like this!
This was really cool, any chance this can be done once every quarter or so with new guests?
Great way for aspiring founders to learn as well as founders to connect with top gurus
Absolutely valuable content for some of us building our startups and get insights on how other entrepreneurs and investors review pitch decks!
I like you gave a lot of these the time of day! Everyone is hustling.
More of this please, its very educational and informative
Good timing, I'm working on my Pitch Deck right now :) Thanks for the helpful content
That was a super awesome and helpful video. Made me look back at the pitch decks we've done. 😅 And I'm sure it'll help in the future pitches.
Damn! You guys are absolutely killing it! Thanks! 💪🔥🙂
This awesome! What an amazing thing you’re doing for these companies!
Nice collab Garry and Justin!! Waiting for more like this soon.
This is great. Please more of this content
Thanks Garry and Justin for well curated pitch decks.
Garry, I had no idea you had a TH-cam channel! This is fantastic!
Please consider making a series about this. This will really really help us . please
This is great! You should probably have this every week..
I see something common - all startups already have some really good traction compared to the stage.
please do that more often guys, this is awesome
Please make this a series! Would love to learn. 😁
Great learning experience for a bunch of reasons
great to watch your feedback guys, but can you fix that selfie window at the top right corner cuz it covers slides and I don't see numbers sometimes
Thank you so much for the great content! 🙌
this is the most valuable channel on TH-cam
Great video guys! Question re the day 30 20% benchmark - how does that change for D2C subscription businesses with free trials?
Really awesome to see such constructive advice from the Pros. I'd love to get my team roasted 😂
Great video. Pls continue doing more just like these.
What about a video where you (maybe both of you) talk about what to do, and what not to do in these decks. Insights like the one about the advisory board are priceless.
Great episode! Thank you for sharing!
Great video Garry! Could you list your top books for learning marketing strategies?
Great content and collabs, Gents!
These are amazing insights, thanks!
As helpful as your other videos, thanks Gary!
Hi Garry, this was an amazing session.
Kudos to you and Justin
I’ll like to know how to get a deck accross to you for such “Roasting”
very good channel;! I am inspired to make a company now! :)
What a holy combination!!!
Garry Garry Garry... you never miss do you?great content man!
@ 17:00 the 9,00,000 is 9 lakh or 900 thousand, it's the Indian counting system
Spam alert
Yeah! The deck has been updated since then to avoid such confusions, thanks😀
Super useful video, more like this!
You need to do this killer more often! That was so fucking interesting Garry!!! More and more and more of these!
Ready to learn here
I like these. Can you make more?
Just missed the application to the roast. Double upload weekend though 👏🏾
Thank you for the roast. It was insighful.
More videos like this please :)
Love the video title
Thank you for this session. I''d love you two to review/roast mine.
We would love to listen to ittt ❤
This was really interesting!
When you mention the "20% retention after 30 days" : which of these options do you mean ?
(a) on specific day 30, 20% of the users open the app
or
(b) after day 30, 20% of the users are still opening the app (e.g. you count users who open the app on day 31 and 32 and 33, not only those who open it on day 30)
Thanks ! :)
+1
+1
Roughly at day 30, of the people who signed up 30 days ago, 1 in 5 or 20% of them are still using the app
amazing video!!
How can I get my startup pitch deck roasted by you guys....? Would love feedback from the experts like you!
I was just wondering how slingshot founders would react to this and boom they show up on screen.
Should do a pitch roast with JCal, spice levels would be off the chart
Love your content Love from India
( Ab har ) means. Now every
Hey Garry, so was just on the phone with my friend Matt. He just told me this idea and I quote him "people will kill themselves if they don't hear about it" (kinda aggressive of a comment, I know). Will you entertain a 2min phone pitch? lol
Question: What does d30 d90 mean?
Amazing vid! 😲
Bruh it’s hard enough for me as an Ivy League sophomore to get an internship 😂😂
what are you studying?
how can we send our pitches to you and get roasted?
Indian startups wow we are growing
'Ab Har' is Hindi. It means 'Now Every..' in English.
In the video's context, it means - 'Now Every Pharmacy Is Digital'.
Sweeeet!
do another!
How do I get my pitch to be roasted by these guys?
Big ups to the godz
Ab means 'now' and har means 'every' in hindi language
Mr Tan and Tan, thank you for the informative video.
Amazing content! Like like like
Why don't you start a podcast??!
It's interesting seeing your guys' thoughts on these pitch decks, but man, I'm dying from these small comments you guys are making here and there. Especially those small, "slingshot comments". 😂
🙏🇨🇦
"Ab Har" means "Now every", Ab har pharmacy digital means Now every pharmacy will be digital.
That is 900,000. That's how our comma system is. We call it 9 lakh.
Hay Garry, is Justin your favorite founder? I'm just wondering because you're my favorite founder so it'll make sense 😆
New drinking game: drink a shot every time the guy wearing glasses from the first startup says "right".
If these are not good deck.. share some of your good one.
Confusing terminologies used in eVital slides 12:18 -
1. It's an Indian startup
2. 'Ab Har Pharmacy Digital' mean->' Now Every Pharmacy Digital' ('Ab Har' are hindi language words that are written using English alphabets)
3. Dist. is 'District' -> An administrative division covering several villages and cities
4. 1,00,000 is 1Lakh = 100k or 0.1M
You can send me a DM
Military recruiters hang out at high schools and don't get arrested...
FYI “Ab har = Now all” @garry
Ab har was now every in hindi
I'll be the Last