I wanted to see how good of a pitch deck I can create with ChatGPT in less than 45 mins for a startup idea I used ChatGPT to come up with.
Idea: Contract Hive, AI-powered startup that helps company manage their contracts better.
PDF: https://images.gpthacks.com/ContractHiveDeck-GPTHacks.pdf
GIF: https://images.gpthacks.com/Contract%20Hive.gif
What do you think of the deck? Would you invest in this company?
PS: I hope this is obvious but just in case, I don't intent to start this company. This is more of an experiment to see how much we can do with ChatGPT.
I took a look at the PDF. It is a fair take on a pitch deck, but the underlying business must exist and be demonstrable. In other words, if it’s just a concept, you won’t get traction.
Here’s my input…
I think it’s very important to note here that investors generally use the following criteria roughly in order of priority when deciding how to invest:
1. Founders-experience, expertise, boldness, commmunication skills, trustworthiness, life balance, etc.
2. Market size-is the market big enough to support annual sales north of $10MM in 3 years? Is there room to compete?
3. Go to Market-is the path to the market, including product development cost and schedule, within the budget of the amount of money likely to be raised (or supported by non-dilutive contracts)? How do you know? Where is the analysis?
4. Uniqueness/Disruption/Timing and Value-is the technology and product sufficiently unique to get interest from new customers at a price they consider to be more than fair? Is it the right TIME for this product? How do you know?
5. Financials-beyond use of funds, what are the projected cash flow and income statements per the schedule for years 1 through 3? No revenue is usually a tough sell, so this needs to look really solid. How do you know?
6. Customer Interest-you need to have actual customer (or potential customer) feedback from beta tests, demonstrations, interviews, etc. Not just a few of these, but more like 25-30 of these.
7. Everything else…