Any investment group, upon hearing a pitch, will do one of three things; a) ignore it, b) figure out how to leverage the new information in existing pitches/plans, c) fund it. To even get a pitch in front of an investment group takes a lot of networking to begin with, so the reality is by the time you pitch, you're probably already an "insider" of sorts.
As an as-yet-successful entrepreneur, you should know that at any time your idea or portions of your idea may be stolen or "adopted" by anyone who hears you talk about it. And forget NDA's. No one signs those anymore...certainly not an investor.
This is why, if you have an idea, you need to bootstrap it, get customers, and generate revenue. Then let the investors come to you.
I think the entire "pitch" process is rigged and pointless. If you're going to build something, be passionate, find great partners and advisers, and bootstrap.
Let the VC's play their game. You weren't invited anyway.
"This is why, if you have an idea, you need to bootstrap it, get customers, and generate revenue"
Another thing in addition to this - you need to out-execute future competitors. Imagine that the idea is public anyway, and build it better than anyone else could.
As an as-yet-successful entrepreneur, you should know that at any time your idea or portions of your idea may be stolen or "adopted" by anyone who hears you talk about it. And forget NDA's. No one signs those anymore...certainly not an investor.
This is why, if you have an idea, you need to bootstrap it, get customers, and generate revenue. Then let the investors come to you.
I think the entire "pitch" process is rigged and pointless. If you're going to build something, be passionate, find great partners and advisers, and bootstrap.
Let the VC's play their game. You weren't invited anyway.