I met the Electric Imp team in April. I had bumped into one of their engineers at a party and he pinged me a few weeks later to say he was working for a startup and the company was raising. The company came in to the office on a Monday at noon.
Hugo, the founder, Electric Imp demoed their product to me. Ten minutes in, I stopped the pitch meeting, pulled 3 partners from their Monday partner meeting, and issued a term sheet that afternoon. The demo was just that compelling.
Electric Imp’s demo had three key parts:
Clearly, this process is an exception. But great demos close customers, investors and candidates because they sell the dream. Invest in your demo - they embody the vision, passion and aspiration of the company.
Published 2012-10-24 in Fundraising