Using Mega Trends When Pitching Your Startup

Lately, I’ve been thinking a lot about “mega trends” and how to use them when pitching your startup. Investors like mega trends. After all, they’re big. And most of us are aware of them and have been affected by them (or expect to be in the future). Tens of millions of baby boomers getting set to retire, for example, is a mega trend. Everyone using an iPad is another mega trend (OK, I had to slip in an iPad reference somewhere!)

Mega trends are good for storytelling, and a big part of doing a great startup pitch is exactly that … telling a story.

Startups should leverage mega trends and weave them into their pitches. Startups should also think about how they can piggyback on other companies that have huge traction. An obvious example is Twitter. Lots of companies are piggybacking on Twitter. But very few of them do it well. At some point in a startup’s life it has to jump off the mega beast’s back and be able to survive and scale much more on its own. StockTwits is a great example of that. It started by aggregating tweets with a $ symbol and capturing the conversation on Twitter about stocks and stock trading (which was largely already happening). Stocktwits found itself at the intersection (or piggybacking) on a couple mega trends – Twitter and people’s appetite for communicating on stocks (in a more public way). But ever since it launched, Stocktwits has actively pulled itself away from Twitter, reducing its reliance on it.

Mega trends.

Which ones will your startup ride and leverage? Which mega trends and mega companies can you piggyback on, use to tell a great story, and then move to the front of, in order to become a leader (instead of a follower)?


What Should I Write About? You Tell Me!

Every blogger suffers writer’s block at some point. It’s inevitable. And extremely frustrating. For some it means months without creating any new content, while others can recover much more quickly.

Skribit LogoSkribit (the project of Paul Stamatiou and others) is a service that’s designed to help you defeat writer’s block. It also has the potential of increasing user engagement with your blog or web site. It’s a simple application that lets you take writing / topic / blog post suggestions through a small sidebar widget. You can see it installed on the right of my blog. People leave suggestions, and there’s a simple web interface for managing those. Other people can also vote on suggestions that are made.

I like the idea behind Skribit – that’s why I’ve installed the widget on my blog – and I’m curious to see what kind of response it gets. I do think it has the potential of being more interesting as a user engagement tool, because people will want to see their suggestions come to fruition, they’ll appreciate that and probably invest more time in promoting that content as well.

So, what should I write about?


Good Business Bad Business

Not all business is created equal. Not all revenue is created equal either. Everything has a cost. Bad business and revenue can cost more than they’re worth to acquire.

You need to have clear definitions of good business and bad business for your own company. The definitions can change over time (almost everything does evolve) but you need definitions just the same. Then you need the intestinal fortitude and vigilance to say “NO” when bad business lands on your doorstep. Otherwise it’s too easy to get distracted (and sometimes destroyed) by it.


About Ben Yoskovitz
I recently joined GoInstant as VP Product. GoInstant changes how we use the web, making it shareable like never before.

I'm also a Founding Partner at Year One Labs, an early stage accelerator in Montreal. Previously I founded Standout Jobs (and sold it). I'm a hands-on startup guy, helping companies grow successfully from the idea forward. You can reach me at byosko at gmail dot com.

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The opinions and commentary on this site are mine and mine alone. They do not necessarily reflect the opinions or positions of my employer, GoInstant.