Lecture 8_Value propositions Flashcards

(13 cards)

1
Q

What are the steps to develop a value proposition?

A
  1. Identify market needs and opportunities.
  2. Conduct market research.
  3. Analyse customer pain points and challenges.
  4. Identifying unmet needs and opportunities for innovation.
  5. Draft a compelling value proposition.
  6. Define product or service clearly.
  7. Understand and highlight unique selling points.
  8. Align value proposition with market needs.
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2
Q

What does a successful pitch deck do

A

clear and concise.

Clearly differentiate your idea

Convince your audience of your idea’s potential and chances of success.

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3
Q

The disclaimer / safe harbour statement

A

Reduces legal liability

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4
Q

What are common pitch deck mistakes to avoid?

A

Pitching too early

Overuse of jargon or acronyms

Ignoring competition

Overpromising value

Underestimating cost/time of development

Underestimating knowledge of Audience

Not clearly stating the ask

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5
Q

What are the elements of a strong value proposition?

A

Addresses unmet needs

Communicates unique benefits

Clear and persuasive

Highlights differentiators (cost, convenience, performance, etc.)

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6
Q

What are the 4 key levers that convince biotech investors?

A

Efficacy – Must show superior outcomes

Safety – Must be clearly demonstrable (difficult on its own)

Convenience – Often undervalued but impactful

Price – Competing on price is discouraged

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7
Q

What are the most important investor criteria for biotech success? (8)

A
  1. Unmet Need
  2. Differentiation
  3. Strong preclinical data
  4. Global competitiveness
  5. Regulatory path
  6. IP strategy
  7. Committed inventors
  8. Back-up strategy
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8
Q

What makes a biotech product differentiated?

A

Better efficacy or convenience vs standard of care

Strong preclinical benchmarks

Targeting a novel mechanism or patient population

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9
Q

What are less compelling forms of differentiation?

A

“Might be safer” claims

Lower cost

Standalone therapy in place of combination

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10
Q

What are the 10 core sections of a pitch deck?

A

Intro

Problem

Market

Solution

Validation

Development/IP

Team

Competition

Financials

The Ask

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11
Q

What should be in “The Ask” slide?

A

State what you want: funding, partnerships, team hires. Specify amount, timeline, and use of funds

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12
Q

What do investors expect in the “Clinical and Regulatory Development Path”?

A

clear and feasible plan for trials and approval.

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13
Q

What are “Willing Inventors”?

A

Investors value founders who are coachable, collaborative, and milestone-driven.

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