We’re having a pretty The big challenge of climate change, and I’ve always been skeptical about whether venture capital can be as big a part of the solution as it sounds.
This is why I was so excited when Harry wrote about Fintech startup Enduring Planet. It’s really playing a smart card: trying to provide climate entrepreneurs with fast financing to make gains4 Situation – where investors, startups, society and the environment win.
A coherent story, in enough detail to understand what’s going on, without falling down a rabbit hole. Simply put, I hope every deck does it well.
Today, I am pleased to present the bid the company used to raise its funding. As you might expect, it’s a bit more inside baseball – this is a group of startups helping other startups raise money from other VCs – but as you might also You expect, Ending Planet really knows what you’re doing.
The group is rather unusual, and it’s fun to see how the founders think about their circle. The company did an exemplary job on several slides that many startups missed, and even included some attached slides, helping to deepen the fundraising story and context even further.
I’m excited to share this with you – LFG!
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Slides in this group
The Enduring Planet deck has some light revisions, but the main deck is fairly intact. The company removed the revenue numbers (but kept the chart) on Slide 16. It removed a deep dive into its underwriting criteria and removed company names from its pipeline segment. I also deleted a number of appendix segments (sensitive information about underwriting, structures, etc.).
The main deck is an 18-slat deck, and the company included five of the accessory slides. This marks the first time I’ve been able to include footer slides as part of a pitch deck teardown. I’m excited to dive into the details and what appendix slides are!
- cover slide
- team slide
- “Some Investments So Far” – Traction Slide
- “Direction” – “Why now?” sliding
- “Expanding Corporate Investment and Venture Capital” – Market Evolution Segment
- ‘Governments are supercharging private sector labor’ – slipping global market opportunities
- Rise Fast Startup + SME Expansion – Sliding Market Trend
- problem slice
- solution slice
- product slice
- “ML and Automation” – Product Details Slide
- value slide
- Key investment criteria segment
- Pipeline segment
- solution roadmap slide
- Financial Forecast Slide (Revised)
- Team and slide board
- Fundraising Goal – Ask the Slide
- Slide cover inserts
- Appendix – detailed slide of the problem
- Appendix – Sample Slide for Venture Capital Partners
- Annex – Key Investment Criteria: Segment Details Segment
- Appendix – Key Investment Criteria: Equity and Implication Details Slide
- Appendix – Risk Management Slide
Three things to love
There are some very serious issues with this group, but I’ll get to them at the end of this article. There are also some excellent stories featured here, though – let’s start from there!
The surface doesn’t pull punches
I had to laugh when I saw Planet Enduring’s “problem” slide. It raises money from venture capital firms, but it presents no loopholes: too few, too expensive, too exclusive and not enough to reach the two-degree target standard of the Paris Agreement.
The company succinctly defines the problem and alludes to its own solution in the last point – that institutional capital wants to spread more money but does not have an effective mechanism to do so. It’s one of the cleanest and simplest troubleshooting slides I’ve seen in a while; It defines both an enormous problem and hints at the magnitude of the opportunity.
The solution and product segment work hand in hand
I have always had a weakness for companies being able to clearly articulate their stated solutions to a problem and their products as two different stories. There is good reason to do so.
You have a premise that your product is a good problem solver, especially in early stage companies, but you don’t know for sure. By separating the solution your company believes in from the product your company builds, you are setting yourself up for success. You can always pivot accurately How You offer a solution – what you offer is an in-depth understanding of your market. Besides, you’re setting the scene for a story that involves more than one product solving a whole host of problems in the industry. That’s exactly what Enduring Planet is doing here.
In the solutions tranche (Tranch 9), the company stated that its solution is a “climate-specific lending platform that provides business-friendly capital using the latest automation technology.” Sounds like a mission, but pay close attention: It’s more tactical than important and works well as a corporate dissolution statement.
From Slide 9, he goes to her product, and even explicitly states that this is her product first Producer. No hiss here: she’s screaming out loud that she has more ideas to be a part of her platform.
If you’re a fundraiser, take a closer look at slides 8-10 in this slide set; Enduring Planet does a great job of presenting the problem/solution/product in a coherent story, in enough detail to understand what’s going on here, without going down a rabbit hole. Simply put, I hope every deck does it well.
Pillar win/win value
As I suggested in the introduction paragraph, Enduring Planet does a particularly good job of mapping out a world where everyone wins.
I often see value proposition slides in presentation packages; Usually, the feature is shown to customers. It’s encouraging to see Enduring Planet take a broader view of how it wants to appear in the world. In his appendix, he expands on how he appears in society, showing how he envisions a world in which everyone is heading in the same direction.
Pay close attention to the “For VCs” part of this – as a potential investor, I will. In two short bullet points, Enduring Planet can identify two different points. “Undiluted growth capital for portfolio companies” is a strong sentence; This means that Enduring Planet promises promising investor capital so that its companies can move forward without giving away more equity. Given that venture capital is typically optimized to take care of its equity stake (and, therefore, is allergic to unnecessary dilution), this is a solid promise.
The second point is related but very different: By offering undiluted financing, Enduring Planet is likely to see a lot of deal and financial data flow for climate tech companies. This is an informational mine for risk investors who are interested in investing in this field. When a company is ready to raise equity funding, some ways down the road after getting funding from Enduring Planet, the latter is in a great position to be able to get a deeper insight into which startups are worth investing in and which are less attractive. .
I quickly wanted to note the supplements Enduring Planet used in their presentation; It’s worth taking a closer look at it in the full presentation below, but I like Slide 20, as the company expands on its claim that “capital for climate entrepreneurs is either too expensive or inaccessible.” It does so with a full matrix showing how equity, grants, business debt, project debt, and revenue-based financing are all poor ways to grow a startup in this field. It has been executed with supreme elegance and efficiently positions Enduring Planet as a great financing option. An additional gain – and one that I hope will often be acknowledged – is that the company notes that “these challenges are even greater for founders who are not represented throughout the climate technology ecosystem.”
This is a great example of why you should consider having a supplement in the first place.
Placing a slide like this in the main deck may be a distraction; There are 20 cells of detailed information, and if you care about that sort of thing, you can easily spend several hours picking it away and talking about the pros and cons of each funding option for many startups. perpetual planet gracefully transcends; If the VC wants to discuss this in more detail, they can quickly go to the relevant slide and show that they have done the intellectual legal work to answer the question. And if it isn’t shown as part of a stadium, that’s great. The information is there for the investor to absorb after the call or at a later meeting, and no time is wasted in the time-limited presentation. This is a great example of why you should consider having a supplement in the first place.
In the remainder of this rip off, we’ll look at three things Enduring Planet could have improved or done differently, along with a full playing field deck!