Welcome to Five Pitch Friday.
A summary of this week’s research at BetterPitch.
(scroll down to see our new product launch)
Here we go:
1. Nvidia
Jensen Huang founded Nvidia at 30 with $200
It's now the world's 4th largest company at $1.9T
Here's their pitch deck:
— PitchDeckGuy (@BetterPitchGuy)
5:31 PM • Feb 23, 2024
Nvidia is an overnight success story 30 years in the making.
In a talk at Stanford, Jensen shared his biggest piece of advice:
“If you want to be successful, I would encourage you to grow a tolerance for failure.”
2. LinkedIn
LinkedIn sold to Microsoft for $26.2B
Here's their $10MM Series-B pitch deck:
— PitchDeckGuy (@BetterPitchGuy)
6:33 PM • Oct 16, 2023
LinkedIn made $15.7B in 2023.
Microsoft’s acquisition is one of the most successful of all time.
2.5. BetterPitch
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3. PowerPoint
In 1987, Microsoft acquired PowerPoint for $14M
The founders declined stock in favor of all cash
Today, PowerPoint has 500M users and the stock would be worth ~ $20B
— PitchDeckGuy (@BetterPitchGuy)
3:27 PM • Dec 8, 2023
Another incredible Microsoft deal.
There are more than 500M global PowerPoint users, with 350 presentations started every second.
We at BetterPitch are power users.
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4. Loom
Loom sold for $975MM
Here's a side-by-side comparison of their pre-seed and seed pitch decks:
— PitchDeckGuy (@BetterPitchGuy)
1:30 PM • Oct 23, 2023
Loom was originally a user testing software with no traction.
The founding trio maxed out their credit cards to build the company. But, they had no success. They pivoted 5 times in 7 months and were two weeks from shutting the company down. Then, they caught a break.
People began using their product to record feedback videos showing their screen and face.
This was not the intended use. But, people loved it.
After raising $203M and serving 25M users, they sold to Atlassian for $975M.
Boy are they happy they didn’t quit.
5. WeWork
SoftBank lost over $23B on WeWork
Here's their pitch deck on the deal:
— PitchDeckGuy (@BetterPitchGuy)
1:05 PM • Nov 1, 2023
WeWork raised $22B and was valued as high as $47B.
Then, they imploded.
Adam Neumann collected $700M before the company’s bankruptcy.
Now they’re being restructured at an $8M market cap.
Guess who’s trying to buy WeWork?
Adam Neumann.
The biggest loser on this one is SoftBank, who incinerated $23B on the deal.
Oops.
See you next Friday,
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