Lecture 8_Value propositions Flashcards
(13 cards)
What are the steps to develop a value proposition?
- Identify market needs and opportunities.
- Conduct market research.
- Analyse customer pain points and challenges.
- Identifying unmet needs and opportunities for innovation.
- Draft a compelling value proposition.
- Define product or service clearly.
- Understand and highlight unique selling points.
- Align value proposition with market needs.
What does a successful pitch deck do
clear and concise.
Clearly differentiate your idea
Convince your audience of your idea’s potential and chances of success.
The disclaimer / safe harbour statement
Reduces legal liability
What are common pitch deck mistakes to avoid?
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
What are the elements of a strong value proposition?
Addresses unmet needs
Communicates unique benefits
Clear and persuasive
Highlights differentiators (cost, convenience, performance, etc.)
What are the 4 key levers that convince biotech investors?
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
What are the most important investor criteria for biotech success? (8)
- Unmet Need
- Differentiation
- Strong preclinical data
- Global competitiveness
- Regulatory path
- IP strategy
- Committed inventors
- Back-up strategy
What makes a biotech product differentiated?
Better efficacy or convenience vs standard of care
Strong preclinical benchmarks
Targeting a novel mechanism or patient population
What are less compelling forms of differentiation?
“Might be safer” claims
Lower cost
Standalone therapy in place of combination
What are the 10 core sections of a pitch deck?
Intro
Problem
Market
Solution
Validation
Development/IP
Team
Competition
Financials
The Ask
What should be in “The Ask” slide?
State what you want: funding, partnerships, team hires. Specify amount, timeline, and use of funds
What do investors expect in the “Clinical and Regulatory Development Path”?
clear and feasible plan for trials and approval.
What are “Willing Inventors”?
Investors value founders who are coachable, collaborative, and milestone-driven.