Forbes Magazine published that Itay Adam, an Israeli entrepreneur
raised a seed round from a South American private equity fund after a 40
minutes presentation.
Adam wrote on his web-page:
“It was a 40 minutes presentation with 5
slides, 2 cups of coffee, 18 jokes, snickers, jeans, a Threadless t-shirt and
no product. It was all about philosophy, experience, age, and passion. In fact,
it was a stand-up comedy act of 40 minutes. I bitched, trashed, yelled, cursed,
and pitched this private equity with the best show I had within me. A few days
later, we signed the deal and now I am at the liberty to announce that I
closed a $2M round with no product, just a smart concept. And a rather
simple one. A real one. Here it is: “No one knows what the next big thing is
going to be. We are all just speculating. My goal is to build a group of people
to find it. A group of 5-6 people, all veterans with a proven record, all
at the age +35.”
Unbelievable…
If you are curious how to do that here
is the presentation Itay showed his investors:
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