Hello, I'm John Doe, Founder of ABC Co.
Can you ever have enough storage on your digital media or can they ever be fast enough?
Our patented blue laser diodes can dramatically increase storage capacity as well as increase transfer speeds.
The market for these components in optical storage and communication exceeds $4.0 billion per year.
We'll tap into this market through licensing, distributors, and direct sales.
Our team has substantial experience producing red diodes. Our product is already in the market and being used by over 500 paying customers.
To date, we've invested 2 years and $250K of our own and friends and family money. We're seeking $750K to finish our R & D and ramp up sales and marketing efforts.
State your name, title and company name. A title of "founder" may be a good choice where you don't have any prior experience.
Begin with the problem (pain/need) - from the point of view of your potential customers.
Describe how you are going to do it better, cheaper or faster - in this case it is better and faster.
How big is the market? How many people have this problem and would be willing to buy your product or service?
The revenue model is simple product sales. You may also mention how much of the market you intend to capture (e.g., 5% in 3 years).
The team is often critical (management, management, management as in real estate, location, location, location) - in this case, the team is complete along with market-ready product & paying customers to help seal the deal.
Be sure to tell the listeners what you already put into it (money, sweat equity), how much you need and what you need it for.