In this world A “party round” of investment is an investment round—usually an angel round—in which a large number of angels throw in what amounts to pocket change to get a company off the ground. “Pocket change” is relative, of course; What is pocket change for a very high net worth individual could be a house down payment for you and an annual salary for me.
a year ago, Alex Party Round reports that it has raised $7 million using its platform and added mid-sized angel investors to its main table. Usually, party rounds are more about who you know (and who you’re willing to bring to the table), but having a good story and narrative is still crucial.
The Party Round team was willing to share the deck with me, so let’s take a closer look at what the founding team spent $7 million on to remove enough trees for apples to defy gravity.
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Slides on this floor
The party round 10-slide deck is one of the tightest decks I’ve ever seen. He shared the entire deck without edits and modifications. nice.
- Cover slide
- Slogan slide
- The solution slider
- Value proposition slide
- Product slide
- Competitive advantages slide
- “Why now?’ Slide
- mission slide
- Group slide
- Closing the slide
Three things to love
Party Round gets a lot of things right in the deck. I love the design and I especially love the lack of words. Hell, the entire deck is only 148 words long. That… nothing. The company raised $7 million in 148 words. That’s $47,000 per word. These pitch deck tears are usually 2,200 words long, and I haven’t checked my invoice in a hot minute, but I’m pretty sure TechCrunch doesn’t pay me $100 million per article. Then again, I’m not widely known for my brevity.
So, other than being crisp and to the point, what else does a party round fix?
He knows what he’s doing. He knows who he’s doing it for.
[Slide 3] Absolute Value Proposition. Image creditparty round
There’s something refreshing about knowing what a company does, who it does it for, and what it costs. And it’s all here, on slides, in a nutshell. There is beauty and clarity here, and… there really isn’t much to say! I wish every founder I spoke with had this level of vision and focus.
Tap tap tap boom
[Slide 4] 1. Tap 2. Tap 3. Tap 4. (???) 5. Profit! Image creditparty round
On slides 4 and 5, the company explains the process to founders and investors. Creating a crowdfunding campaign is as easy – if not easier – than creating one. For founders, you create the round and set up SAFE terms, invite your investors, and Bob is your mom’s brother. They have opened the invitation to investors. Once you log in, you type in how much you want to invest, sign the investment notes, and send the money. It looks so easy!
Excellent shopping context!
[Slide 7] Investing is not what it used to be. Image creditparty round
Investors don’t invest in one data point and ask, “Why now?” It is important for a company. It rightly suggests that the company is capturing the zeitgeist. In fact, he did it with amazing limits; No mention of NFTs in sight.
Retail investing has changed dramatically in the Robinhood world, and Coinbase has made crypto investing even for those who don’t want to spend time remembering what a digital wallet is and how many words to create. one.
I’m not 100% comfortable with this deck. Honestly, I’m really struggling to understand how this company managed to raise any money, let alone raise $7 million. In the rest of this teardown, we look at three things that could have been improved or done differently with the entire pitch deck.
