Pitch Checklist
Pitch Checklist
Pitch Checklist
o The Problem
Tell a relatable story when you are defining the problem. The more you can make the problem as real as
possible, the more judges will understand your business and your goals. We recommend using the 5 Whys
model as a foundation to help you find the root cause of a problem and identify potential countermeasures.
o Your Solution
This is the star of the pitch. Describe how customers use your product and how it addresses the problems you
outlined. Showing is nearly always better than telling, so explore using pictures and stories when you describe
your solution. If you have a prototype, show it.
Tell the story about the scope and scale of the problem you are solving. If you can find the data, judges will want
to know how much people or businesses currently spend in the market to get a sense of the total addressable
market size. How do you position your company in the market?
If you answer how you will make money, how much per year, and from which products/services your revenue
slide is good to go. It will also be key to determine your positioning in the market: Are you a premium, high-price
offering, or a budget offering that undercuts existing solutions on the market? You can also reference the
competitive landscape here and discuss how your pricing fits into the larger market.
What have you accomplished so far in terms of goals, milestones, sales, and early adopters? Do you have a
prototype? Have you tested your prototype? Do you have some sales/pre-orders or MOUs? State whatever it is
that you have already accomplished.
To go the extra mile, share the major next steps you plan on taking. A product or company roadmap that
outlines key milestones is helpful here.
o Competition
Is there anyone who your market can turn to for an alternative or substitute for your product/ service? Identify
them and research their offering.
In essence, know your competitors' products and their capabilities, the edge they have in the market, their core
target audience is their go-to-market approach and any major partnerships they have.
Once you determine this and decide what you will do differently, you will have a clear differentiation of your
offering versus your competitor in the marketplace. This differentiation is what you should highlight in a pitch as
you give an overview of your competition.
o Finance
Present any other relevant financial data that your target audience will appreciate. For a Hult Prize Pitch, we
recommend including Unit Economics (all the cost of making, distributing, and selling 1 unit of the product),
Profit margin per product, how you plan to spend the $ 1,000,000 investment if you win it, and your financial
forecast (How many units you think you can sell per year and what that means in terms of annual revenues,
break-even point, and profit projections).
o Why You?
Who will be part of your team? What is unique about each of your team members and why are they the right
person for your startup? What sets you apart from your competition? What do you know that your competitors
don’t? If you can answer these questions, judges will be confident in you and possibly give you your ask.
o Your Ask
Please clearly state your call to action. What do you want your target audience to do after having listened to
your pitch? It may be the opportunity to advance to the next phase to access 1 million dollars. To help you
develop your startup idea into reality? Investment size for your startup to scale? Creating impact?
Paint a picture about what will be achieved for both the beneficiaries of your product/service and also judge if
you get your ask and make sure to state your ask confidently.
o Your Contact
How can the audience reach out to you? Share this information on your last slide at the end of a pitch.