What goes in a winning opening?
93% of deals stated the ask in the opening and 86% included numbers. Numbers set deals apart more than the ask does.
What pitches that closed a deal put in their opening
Sample of 245 pitchesshare of pitches with each element
DealsNo deal
Stating the ask early is the norm, not an edge. In 93% of the 167 deals the founder gave the amount and equity in the opening, but so did 91% of the pitches that ended without a deal.
Numbers make more of a difference. 86% of deals had figures in the opening (sales, customers, growth), against 78% of the pitches without a deal. The chart shows how often each element of the opening appears in each group.
What was said
Founder
In those 3 months, we managed to reach 30,000 users.
Mystery Bag (Mystery Bag) · S5 E3 · 3:51 · Paraphrased