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{"id":33318,"date":"2023-05-26T21:40:02","date_gmt":"2023-05-26T21:40:02","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/05\/26\/pitch-deck-teardown-fayes-10m-series-a-deck\/"},"modified":"2023-05-26T21:40:03","modified_gmt":"2023-05-26T21:40:03","slug":"pitch-deck-teardown-fayes-10m-series-a-deck","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/05\/26\/pitch-deck-teardown-fayes-10m-series-a-deck\/","title":{"rendered":"Pitch Deck Teardown: Faye\u2019s $10M Series A deck"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/26\/sample-series-a-pitch-deck-faye\/<\/a><\/br>
\nPitch Deck Teardown: Faye\u2019s $10M Series A deck<\/br>
\n2023-05-26 21:40:02<\/br><\/p>\n

\n

A year ago<\/span>, Mike Butcher reported that Faye hopes to do for travel insurance what Lemonade did for general insurance<\/a>, and that\u2019s as good a summary of what Faye does as anything. The company was kind enough to share its (lightly redacted) pitch deck with me so I could take a look under the hood to see the narrative it wove to close its $10 million.<\/p>\n

\n

We\u2019re looking for more unique pitch decks to tear down, so if you want to submit your own, here\u2019s how you can do that<\/a>.\u00a0<\/em><\/p>\n

\n

Slides in this deck<\/h2>\n

Faye raised its Series A round with a 19-slide deck, a few of which have been lightly redacted to shield sensitive data from curious eyes:<\/p>\n

    \n
  1. Cover slide<\/li>\n
  2. Summary slide<\/li>\n
  3. Team slide<\/li>\n
  4. Problem slide<\/li>\n
  5. Market-size slide<\/li>\n
  6. Insurance market overview slide<\/li>\n
  7. Product overview slide<\/li>\n
  8. Product features slide 1<\/li>\n
  9. Product features slide 2<\/li>\n
  10. \u00a0 Product features slide 3<\/li>\n
  11. \u00a0 Product features slide 4<\/li>\n
  12. \u00a0 Go-to-market slide<\/li>\n
  13. \u00a0 Financial growth metrics slide<\/li>\n
  14. \u00a0 Customer growth metrics slide<\/li>\n
  15. \u00a0 Customer validation slide 1<\/li>\n
  16. \u00a0 Competitive landscape slide<\/li>\n
  17. \u00a0 The Ask slide<\/li>\n
  18. \u00a0 Customer validation slide 2<\/li>\n
  19. \u00a0 Closing slide with mission statement<\/li>\n<\/ol>\n

    Three things to love<\/h2>\n

    Let\u2019s get this out of the way right off the bat: This is a truly excellent pitch deck. I\u2019m going to add it to my rotation of decks that are great examples of how to distill a potentially complex story into an easy-to-follow narrative.<\/p>\n

    Love a good summary slide<\/h3>\n

    As I mentioned in my post about summary slides<\/a>, the combination of the cover and summary slides sets the context for the rest of the conversation. Faye did a great job with showing how a good, concise slide can set the pace.<\/p>\n

    \"\"<\/p>\n

    [Slide 2] Setting the pace. Image Credits:<\/strong> Faye<\/p>\n<\/div>\n

    The company mentions traction ($M in sales) and market penetration (available in 48 states), along with the market size and market growth rate. These four figures paint a picture that presents a pretty compelling investment opportunity.<\/p>\n

    If we take all of the numbers at face value, the next step of the story is to convince investors that this is the right team to take on this market.<\/p>\n

    Which takes us to slide 3, the company\u2019s team slide. Unfortunately, it isn\u2019t that great, so we\u2019ll talk about it in the \u201cWhat could be improved\u201d section later in this article. For now, let\u2019s skip to another slide that did a great job of adding to Faye\u2019s story.<\/p>\n

    Great storytelling on the market-size slide<\/h3>\n
    \"\"<\/p>\n

    [Slide 5] What a great way to use market sizing to your benefit. Image Credits:<\/strong> Faye<\/p>\n<\/div>\n

    Again, there\u2019s redacted data here.<\/p>\n

    Faye numbers aside, this is a rare example of a market-sizing slide that also provides the rest of the context. I thought it was done really well.<\/p>\n

    Showing that the market size is (presumably) huge, and then essentially saying, \u201cBut the TAM could be bigger by growing the service offering and international roll-out,\u201d is very shrewd. It shows that there\u2019s a great opportunity available right now and that the opportunity could grow further.<\/p>\n

    The data points on the left are excellent, too, as they contextualize the business in the greater market.<\/p>\n

    This slide teaches us that you can tell a comprehensive story without muddling the message. I imagine the voice-over for this slide would be something along these lines:<\/p>\n

    \n

    The market we are going after is $xx right now, and could be as big as $yy once we have fully addressed it. What\u2019s truly<\/em> exciting here, however, is that the market is easily disrupted. There is little innovation, no recognized consumer brands, the brands that do operate have low market penetration, and the entire market is growing 10% year-on-year.<\/p>\n<\/blockquote>\n

    The narrative ties it all together, painting travel insurance as a very interesting opportunity.<\/p>\n

    Intermarket comparison<\/h3>\n

    Faye is targeting travel insurance, using some adjacent markets (car and home insurance) as comparisons to show that travel insurance is a better opportunity. Again, the numbers here are redacted, but as far as storytelling goes, this is a really good approach:<\/p>\n

    \"\"<\/p>\n

    [Slide 6] Insurtech galore. Image Credits:<\/strong> Faye<\/p>\n<\/div>\n

    I suspect the company added this slide to assuage investors who have been discouraged by other insurtech plays. Assuming that the numbers are good, this is a truly inspired way of positioning the market \u2014 and Faye within it. Well played indeed.<\/p>\n

    In the rest of this teardown, we\u2019ll take a look at three things Faye could have improved or done differently, along with its full pitch deck!<\/p>\n

    Three things that could be improved<\/h2>\n

    I\u2019ve already said that the team slide could do with a bit of love, so let\u2019s start there.<\/p>\n<\/p><\/div>\n

    <\/br><\/br><\/br><\/p>\n

    Science, Tech, Technology<\/br>
    \n<\/br>
    \nSource:    https:\/\/techcrunch.com\/2023\/05\/26\/sample-series-a-pitch-deck-faye\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

    Source:https:\/\/techcrunch.com\/2023\/05\/26\/sample-series-a-pitch-deck-faye\/ Pitch Deck Teardown: Faye\u2019s $10M Series A deck 2023-05-26 21:40:02 A year ago, Mike Butcher reported that Faye hopes to do for travel insurance what Lemonade did for general insurance, and that\u2019s as good a summary of what Faye does as anything. The company was kind enough to share its (lightly redacted) pitch deck […]<\/p>\n","protected":false},"author":1,"featured_media":33319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-33318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nPitch Deck Teardown: Faye\u2019s $10M Series A deck - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/05\/26\/pitch-deck-teardown-fayes-10m-series-a-deck\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pitch Deck Teardown: Faye\u2019s $10M Series A deck - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/05\/26\/sample-series-a-pitch-deck-faye\/ Pitch Deck Teardown: Faye\u2019s $10M Series A deck 2023-05-26 21:40:02 A year ago, Mike Butcher reported that Faye hopes to do for travel insurance what Lemonade did for general insurance, and that\u2019s as good a summary of what Faye does as anything. 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