Startup messaging is like defusing a bomb
š£ The first 60 seconds are crucial.
Get them to understand your productā¦
ā±ļø And you earn more time.
If they donāt understand your productā¦
š“ They tune out.
____
90% of startups fail the 60 second challenge.
Last week I saw this firsthand attending theĀ Capital FactoryĀ startup crawl.
Here is how each conversation went:
Me: āHey! What does your startup do?ā
Them: [60-90 second pitch]
ā every 9th word was āplatformā or āall-in-oneā
ā buzz words left and right āAI, transformation, at scaleā
And after the 90 seconds was upā¦
ā I STILL HAD NO IDEA WHAT THEIR PRODUCT DID
So I asked.
And after ~3-5 more minutes, each founder was able to get me to understand:
ā what they did
ā who their users are
ā how it works
But herein lies the rubā¦
š You donāt have the luxury of 5 minute conversations with new prospects.
According toĀ HubSpotĀ study, website visitors only spend 54 seconds on a site.
And even less time on social platforms, ads, etc.
ā You MUST crush the first 60 seconds
To do this, you have to clearly communicate the following:
ā the problem you are solving
ā who has the problem (target customer)
ā what the product is (product category)
ā what the product does for a user (main capability)
Does your startup pass the 60 second test?
Ben Wilentz
Founder,Ā Stealth Startup