Volpit, a startup investment crowdfunding platform that makes investing in startups simple, is launching a new tool that completely transforms the way startups pitch to investors, by turbo-charging the process.
The fully-FCA authorized platform has debuting its PitchBuilder this week, which enables startups to invite their team and answer straightforward questions on topics such as: Overview, Marketing, Operations, Financials and Roadmap. The answers are transformed into a simple, standardized and interactive online pitch for investors to consider.
The simplicity and standardization makes it easy for would-be investors to understand and compare a range of startups at one time. This helps investors make informed decisions whilst saving them from the arduous task of having to read a 40-page business plan. The interactive elements allow investors who wish to ‘dig deeper’ into the business model to do so, and investors are even encouraged to start conversations.
Volpit will also be a startup investment platform that removes time restrictions (a countdown until the end – known in the industry as days left), from its pitches. All current equity crowdfunding models are time-based, a feature inherited from reward-based models, that doesn’t resonate well in the current equity crowdfunding market.
This autumn, the Volpit PitchBuilder will also integrate the SEIS and EIS application process, which will represent a huge step forward in bringing the application process online. Startups will essentially be able to apply for advanced assurance whilst simultaneously creating an online pitch. The application will then be automatically sent across to HMRC for approval.
Sharing his thoughts about the new Pitchbuilder, CEO of Volpit Patrick O’Flaherty noted, “Most startups find writing a business plan time consuming and a rather boring task, but they get on with it as they understand the value it has when it comes to raising capital from investors. We wanted to make life a little easier for startups and make creating a pitch timely and rewarding. We hope the PitchBuilder achieves this.”