Paul Singh mentoring the JOLT startups.
On Tuesday morning, Paul met with the six JOLT startups to discuss the realities of pitching to potential investors and shared honest insights into the realities of angel investors and venture capitalists. He emphasized to the group that building a product and getting traction is key, and that you can only raise on vision or traction—not both. Similarly, you can only raise on vision once.
And when it comes to pitching to investors, communication is key, Paul explained. Make a compelling message, keep it simple and make your pitch memorable. “Don’t be shy about what you’re raising and don’t be scared of your ask,” he said.
After the speaker session, the JOLT teams were then fortunate enough to have one-on-one time with Paul through individual office hours for the rest of the day. They used this time as a pitch prep workshop, in preparation for JOLT Demo Day in October. JOLT and MaRS would like to thank Paul for two great days!