Well, We Failed – Wattage is shutting down

Re:Well, We Failed – Wattage is shutting down by myth_buster on Tuesday May 05, 2015 @02:53PM (#9494229)

That deck is really pretty but I'm really curious whether investors would spend their time going through so much text. Here is a pitch deck that buffer used.

http://www.slideshare.net/Bufferapp/buffer-seedrounddeck

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Re:Well, We Failed – Wattage is shutting down by jeremybell on Tuesday May 05, 2015 @03:48PM (#9494523)

I felt I needed to tell a richer story about what we were trying to achieve, mainly because we were created an entirely new market. I couldn't point to another company and say "we're like them, but 10x better." I didn't exactly have market numbers to use as a method of framing the investment potential. I felt

I needed to paint a picture about a future we were trying to create... but you may very well be correct.

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Re:Well, We Failed – Wattage is shutting down by myth_buster on Tuesday May 05, 2015 @05:39PM (#9495138)

I'm with you on having a narrative and conveying the drive. Did you find that some investors understood that and made decisions based on it or was it that you found them to be speaking a different language?

Btw, I respect the effort and thought that went into analyzing the reasons for failure and the courage required to be open about it. Hope things work out in your next attempt.

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Re:Well, We Failed – Wattage is shutting down by BukhariH on Tuesday May 05, 2015 @03:58PM (#9494580)

When I was reading through it I was thinking way too much text.

Really well designed but they really neglected to talk about their business model.

I mean I would have loved to have known how much their 'OneWatt' breadboard cost to manufacture and what they were planning on selling it for.

That being said I loved their slide on 'HOW BIG IS THE MARKET?'.

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