In Don’t forget that vision thing, Ed Sims of Dawntreader Ventures explains the commoditizing effect of a product-focused sales presentation . . .
If you get too locked into talking about a product, then your partner or customer gets stuck into thinking about who else does this and why are you different.
. . . and the elevating effect of his alternative:
If you start with a vision first and clearly talk about your view of the market in the future and how your product evolves from where it is today to a roadmap of the future, then it is easier to differentiate your company and bring the discussion to a higher level.
He thinks that post-bubble entrepreneurs have focused a lot on the top & bottom line, at the expense of a compelling vision:
If I look at the world on a spectrum from focus on all revenue and profits on the one hand and all technology and vision on the other hand, I would like a mix tilted much towards the technology spectrum in the early stages of a company’s growth. Pre-2000, I would argue that the mix was all tech and vision with no focus on building a business. Post-2000, many companies were much more on the business spectrum and less on the tech side. Today, I am asking that entrepreneurs bring back that vision thing and show us the big picture because showing me a point product doesn’t cut it.
Ed’s advice to “show ‘em the product” CEOs:
If you can’t explain what you do, its context, and the opportunity in a few sentences and have to give a demo for someone to get it, I would suggest going back to the drawing board and thinking long and hard about how you make sense of what you do verbally.