I just got back from the Keiretsu Angel Investors forum in San Francisco. There, we heard pitches of all variety of quality.
While the process is exhilerating and extremely well-run, the process itself is ripe for satire. Ebullient startup CEO’s play Beat the Clock to explain their entire businesses (and industries!) in 10 minutes or less to a crowd with diverse expertise, and angel investors try to outdo each other with witty, self-deprecating introductions and reflections about their ascent into the multi-millionaires club.
Sacha Baron Cohen is famous for his character Borat, but before that, he had another character called Ali G. One of the funniest bits he did was a pitch of a couple fictitious business ideas — the Ice Cream Glove and the Hover Board. The satire is pretty rich, but believe it or not, I’ve got it on pretty good authority that some pitches really are this bad.