Archive for the ‘Cleantech’ Category

When PV Met EV…and EE and DR…

May 2012

Denver is ground zero for the U.S. renewable energy industry this week, as ASES (http://ases.org/), the American Solar Energy Society, and the World Renewable Energy Forum (WREF) join forces for the first time to collocate in the LEED-certified Colorado Convention Center. The result? A solar conference that is breaking free from traditional PV events by happily sharing the stage with wind, storage, energy efficiency, electric vehicles and other synergistic technologies.

For those of us that have been a part of the cleantech movement over the past decade, solar has long been positioned as the heir-apparent to the energy generation challenge, with a multitude of different flavors (Si, aSi, concentrated, thin film) and applications. And while solar has unquestionably taken root, it, like the other renewable technologies, has remained virtually siloed.

Panelists discuss the market opportunities for EV and PV

Panelists discuss the market opportunities for EV and PV

So, at WREF it was encouraging to hear the solar conversations evolve beyond talk of simple PV installations and instead reveal the new avenues in which solar is fulfilling its potential in the nation’s renewable energy portfolio.

Representatives from REC Solar and Schneider Electric join the panel on the intersection of PV and EV

Yesterday gave way to insightful talks on new directions in which solar is evolving, ranging from PV’s integration with energy efficiency and demand response to solar’s emergence as a new financial asset class. I even had the pleasure of moderating a panel on PV’s growing role in the electric vehicles movement, which showcased three pioneers—ECOtality www.ecotality.com, REC Solar www.recsolar.com and Schneider Electric www.schneider-electric.com —that are driving industry collaboration. Each has achieved impressive milestones towards the creation of a new national infrastructure based on years worth of behavioral data, technical advancements and demand dynamics.

My last image of the panel was the sheer knowledge of the audience. 10 years ago most members would have struggled to decode the acronyms and techo-talk being tossed about, but today’s Q&A underscored just how far we’ve come, both as a nation and as a united industry.

- Caroline Venza

Vilsack: Biofuels Are Key to Restoring Our National Values

April 2012

We’ve all heard about the role of biofuels in reducing reliance on foreign oil, enhancing national security, creating jobs, promoting national prosperity and reducing greenhouse gas emissions. U.S. Secretary of Agriculture Tom Vilsack, in an eloquent address to the Advanced Biofuels Leadership Conference held recently in Washington, D.C., cited these and more in his keynote address before the more than 500 conference delegates. But he also spoke of an overlooked role for biofuels: as a preserver of American values.

Vilsack noted that while much of the American population is focused on personal gain, farmers by the very nature of their occupation recognize that prosperity is a two-way street: their livelihood depends on conserving and protecting natural resources such as soil and water through those venerated American values of hard work, sacrifice, patience, self-discipline, prudence and thrift. The nation was founded and built upon agricultural values in which the role of stewardship plays a paramount role, the secretary said, noting that the agricultural community’s contribution to the nation — for instance, in terms of military service — has always been disproportionate to its numbers. (Note: I am paraphrasing his remarks.) The perpetuation of these values is now threatened by the aging of the farming community, he said. According to a recent agricultural census, the fastest-growing age group of farmers is the cohort over 65. But all of this may be changing. The growing biofuel industry promises to revitalize the farming community, attracting new blood, bringing new wealth to dying communities and restoring the importance of the heartland as a repository of American values whose influence extends throughout the country. In other words, biofuels could create a comeback for rural America.

If the trends are any indicator, Vilsack may be right. Nearly 40 percent of the nation’s corn crop is already devoted to the production of ethanol, which by mandate makes up 10 percent of the fuel we use in our cars. Biofuels are already enriching agricultural incomes. And that’s without even taking into consideration the potential impact of the cultivation of advanced (non-food) biofuel crops such as switch grass and Miscanthus that the industry is now focused on for use as feedstocks in the production of fuels, chemicals, plastics, fragrances and flavors.

The “Go Big. Stay Strong” theme of the conference was a reference to the commercialization of biofuels, with “strong” referring to the danger of becoming overextended on the path to expansion. But “strong” can have another meaning as well: namely, the role of biofuels in making the country stronger. In Vilsack’s view, biofuels hold the promise of strengthening the values of the nation so that it can continue to serve as a beacon to the world. If he’s right, the restoration of those values lies as much with the revitalization of the imperiled farming community as it does with changes in behavior or beliefs fostered by government, religion or the social order.

- Stefanie Matteson

Jesse Jenkins for President: Make Clean Energy Cheap

March 2012

Here at Antenna Group, our job is to communicate. A lot. Given the piles of email in my inbox, quite possibly too much.

So, last week—as part of a constant effort to freshen our thinking with outside perspectives—Antenna hosted an in-depth, no-holds-barred, two-coast cleantech pizza briefing with energy and climate analyst Jesse Jenkins. Jesse’s a friend, and also a fellow at the Breakthrough Institute as well as an editor at the Energy Collective, where he assembles the best of the web in clean energy and climate. He’s regularly featured as a cleantech commentator in leading media, and appeared on NPR’s Morning Edition just last weekend discussing Japan’s overreaction against nuclear power in the wake of Fukishima.

It was a little like sitting down with a combination of Al Gore, Steven Chu, Wikipedia, Otto van Bismarck and Ryan Seacrest. Jesse’s knowledge of cleantech is encyclopedic and visionary, with a deep understanding of how we got here and where we need to go. Jesse drew historical parallels underscoring the essential role of government in pushing clean energy innovation and market adoption, from military investment in semiconductors in the 1950s moving us toward the iPhone 4S, to government investment in shale gas drilling and jet engines sparking the cheap natural gas and reliable air travel we enjoy today. He also noted that the federal government invests $30B in NIH and $18B in NASA today, compared to just $4B in energy R&D—a sobering figure.

My favorite question—aside from “how many slices of pizza do you want?”—was from Antenna Group’s own Sarah Horn, who asked, “If you were running for president, what would your slogan be?”

Leaping to the task, Jesse unveiled his campaign bumper sticker: “Make Clean Energy Cheap.” It’s a communicator’s favorite sort of saying—short enough to tweet, seemingly simple but richly layered, honest, and—most important—sticky.

The greenest 100,000 people in the world will go for clean energy without much prodding. The rest of us need to see a pretty big payoff to overcome inertia. And no technology—or product—will stand up in the market for long without winning on the merits, which in the case of energy—a commodity—is price.

Jesse’s point: we can’t simply encourage clean energy production. We’ve got to promote clean energy cost-competitiveness. Because from the feistiest Tea Partier to the most granola-snacking Berkeley hippie, we can all agree that saving money on energy never goes out of style.

The Antenna Top 10 Clean Tech Trends To Watch in 2012

January 2012

Antenna Group is the nation’s largest clean technology public relations firm, representing companies in sectors including renewable energy, energy efficiency, alternative fuels, energy storage, finance, waste management and water. Here, drawn from input provided by our client-partners, is Antenna’s list of the top 10 clean tech trends to watch in 2012. Judging from the changes that are in the offing, 2012 is shaping up to be a critical year in the transition to a cleaner, more energy-efficient world.

  1. Energy efficiency goes retro – New construction has taken a massive hit over the last few years, resulting in fewer new green builds, but that hasn’t slowed retrofit demand for energy efficient devices. According to a report by McGraw-Hill Construction in 2011, 78 percent of building owners plan to retrofit existing properties with energy efficient improvements. Driven by the increased awareness in Property Assessed Clean Energy or PACE states (in which property owners can finance solar systems or energy efficiency retrofits through city loans that are paid back through property taxes over terms of 15 or 20 years), Obama’s Better Buildings Challenge and new financing models that make it simple for cities and property owners to do upgrades, expect to see energy efficiency finally claim its moment in the spotlight.
  2. Cellulosic biomass comes online; drives U.S. manufacturing jobs – Imagine being able to turn a wide variety of biomass inputs including wood, agricultural waste and non-food crops into fuels, plastics, nutraceuticals (food products that reportedly provide health and medical benefits) and pharmaceuticals. That’s the promise of bio-based materials, which are expected to replace first-generation biofuels such as bioethanol and biodiesel, as well as a wide variety of synthetic chemicals. As strategics such as BASF Corp., DuPont and Dow Chemical Co. enter the cellulosic biomass game, watch for the number of U.S.-based biorefineries to dramatically increase.
  3. Recycling finds its true potential – Many of us still remember the awareness campaigns that drove what are now highly successful changes in consumer behaviors with regard to recycling. As went paper, glass and plastics, so go consumer electronics and tires. A number of states already have legislation around recycling what consumers have deemed “waste” and are supporting efforts to renew those materials and give them second — and perhaps even third — lives. Watch for the big box, telecom, tire and asphalt sectors to pick up the sustainability baton for Recycling 2.0.
  4. The EV market picks up speed, while Tesla, Fisker get some competition – While we’ve heard a lot about electric vehicles such as the all-electric Nissan Leaf and the gas-electric hybrid Chevy Volt, in fact there are precious few of these cars on the roads. But that’s expected to change in 2012 when a much wider selection of cars that require little or no gasoline will hit the market. Almost every major automaker — and some minor ones — plans to have at least one plug-in model on the market by the end of 2012. These include three models from the world’s leading seller of hybrids, Toyota — a plug-in hybrid version of the popular Prius, the all-electric Scion iQ EV and the 2012 RAV4 EV, an all-electric compact SUV. Also hitting the market in 2012 is the all-electric Ford Focus Electric, which will compete with the Nissan Leaf. Other EV models planned for 2012 include the four-passenger Mitsubishi i-MiEVc, and — for the luxury loving — the Rolls Royce 102EX, the Tesla Model S luxury sedan and the Fisker Karma luxury sports plug-in hybrid. Accompanying the EV rollout will be a dramatic expansion of the national car-charging infrastructure, with Pike Research, a clean tech market research firm, predicting more than 1.5 locations by 2017.
  5. Smart meters reach critical mass – For decades, utilities have been forced to rely on customer reports to discover a power outage. This decidedly low-tech approach to reliability is now changing with the national deployment of smart meters that record the consumption of electric energy in intervals of an hour or less, communicate data back to the utility and allow consumers to better manage their electricity usage. And, the national deployment of smart meters is forging ahead: according to federal sources, the current penetration rate is 13 to 18 percent, with a penetration rate of more than 50 percent predicted by 2016.
  6. Offshore wind takes root in the Northeast – While small wind continues to grow, the greatest potential for the significant generation of energy from wind lies with offshore wind. Much of the eastern seaboard is ideal for offshore wind as a result of the fact that the relatively shallow waters of the continental shelf make it easier to locate wind turbines far offshore where the winds are the strongest. A 25-megawatt wind farm off the coast of Atlantic City, N.J., which is expected to be the nation’s first, is now moving ahead, and the Garden State can look forward to the construction of larger offshore wind farms with the implementation of the nation’s first OREC, or Offshore Renewable Energy Certificate, a wind incentive similar to New Jersey’s innovative Solar Renewable Energy Certificate, or SREC, which propelled the state to second place nationally after California in solar capacity and inspired similar incentives in many other states.
  7. Dropping balance-of-system costs nudge solar closer to grid parity – As a result of a dramatic decline in module prices (prices dropped approximately 40 percent in 2011 — a decline that is expected to continue through 2012), attention has shifted to solar balance-of-system (BOS) costs, a term that refers to costs other than those of the modules. While BOS costs include physical components such as inverters and racking, the largest share of BOS costs is for non-physical costs such as labor and permitting. These costs are also expected to decline in 2012 as a result of industry consolidation resulting from the expiration of the Section 1603 Treasury Grant Program. The solar boom stimulated by the grant attracted many small installers (the “two Chucks and a truck” phenomenon) who will be replaced in a maturing market by larger players who will bring improved operating efficiencies to the industry, nudging solar closer to grid parity.
  8. Distributed solar continues to thrive – While debate continues on the role of utility-scale photovoltaic systems in the nation’s energy mix, the small- to mid-sized commercial solar segment has witnessed explosive growth, particularly on flat-roofed commercial buildings that are ideally suited to the deployment of solar. New Jersey, for instance, where strong solar incentives and high energy prices have contributed to a robust local solar industry, has now outpaced California as the nation’s top commercial solar market, thanks to a high concentration of such buildings. In addition to reducing electricity costs and providing a hedge against future rate increases, distributed — or “behind-the-meter” — solar also has the advantage of generating power at the site where it is used, thus increasing energy security and diminishing demand for utility infrastructure. The U.S. growth pattern in commercial solar is mimicking what has occurred in Europe, most notably in Germany, the world’s solar leader, where the German Solar Energy Industry Association estimated in 2009 that 80 percent of capacity was roof-based.
  9. Grant-to-tax credit shift means more third-party ownership of solar systems – The introduction of the federal Section 1603 Treasury Grant Program as a substitute for a federal Investment Tax Credit in 2009 created a change in the form of ownership for most commercial solar systems. Prior to the implementation of the treasury grant, which covers 30 percent of the cost of solar, most commercial systems were owned, operated and maintained by third-party investors with the tax appetites to monetize the tax credit. These investors typically sold the power back to the host entities at reduced rates under a long-term contract called a Power Purchase Agreement, or PPA. In addition to requiring no capital outlay, the benefits for the host entities included a fixed rate, a smaller carbon footprint and a visible renewable asset. After the implementation of the Treasury Grant Program, the form of ownership shifted, with the majority of commercial building owners taking advantage of the immediate payback offered by the grant to install and operate the systems themselves. With the grant reverting to a tax credit in 2012, however, we can expect a shift back to third-party ownership.
  10. Gas-to-liquids technologies go mainstream – Gas-to-liquids (GTL) technologies, which transform natural gas into liquid transportation fuels, went mainstream with the recent completion of Shell’s $19 billion Pearl GTL plant in Qatar, an Arab emirate. The world’s largest GTL plant will process about three billion barrels of diesel, jet fuel and synthetic oil over the course of its lifetime from the world’s largest gas field. The project, which will reach full production in 2012, will add almost 8 percent to Shell’s worldwide production, making it the company’s primary growth engine for 2012. The completion of the Pearl facility is a harbinger of things to come: GTL technology is expected to play an increasingly significant role in meeting energy demand in the United States, which has some of the world’s largest natural gas reserves. South Africa-based Sasol, which also has a GTL plant in Qatar, has announced plans to build a $10 billion GTL plant Louisiana. If it moves ahead, it would be the United States’ first GTL facility. Once viewed as not economically feasible, GTL technologies are gaining traction in the face of declining oil reserves, high oil prices and increased concern about energy security.

For more information on Antenna Group, please visit www.antennagroup.com.

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A Sol-ful Celebration

July 2010

In addition to our stellar reputation for strategic cleantech communications, we at Antenna are known for throwing some amazing shindigs. And after a year full of challenges for the renewable energy industry, the phrase “work hard, play hard” never felt more appropriate.

So, along with sponsors Tioga Energy, Yingli Solar, PV Group and Vote Solar, we toasted to our perseverance as the solar industry converged in San Francisco for the Intersolar North America conference.

The Shrine at Prana was filled with 900 of our closest friends from across the industry, including C-level executives, engineering geniuses and distinguished members of the cleantech media.

Fantastic conversation, delicious food and a superb soundtrack made for a memorable evening.

Antenna Senior Vice President Caroline Venza, Senior Account Executive Christine Bennett and Account Executive Kimberly Setliff with Ellen White of 3M’s Renewable Energy Division

Antenna Senior Vice President Caroline Venza, Senior Account Executive Christine Bennett and Account Executive Kimberly Setliff with Ellen White of 3M’s Renewable Energy Division

Yum!

Yum!

Did we mention the World Cup mascot made an appearance?

Zakumi loves solar!

Zakumi loves solar!

Many thanks to everyone who helped us make this event a tremendous success. We can’t wait to do it again next year!

Stealth as a Publicity Tool: Does It Make Sense for Startups?

April 2010

by jenn.kho on April 14, 2010 on Sweat Investor

SweatInvestor Guest Post: Jennifer Kho is a San Francisco Bay Area-based freelancer with more than a decade of reporting experience. Her stories have appeared in The New York Times’ Green Inc. blog, The Wall Street Journal, Los Angeles Times, MIT’s Technology Review, The Christian Science Monitor, Reuters.com, Earth2Tech and more. She has been covering green technology since 2004, when she initiated cleantech coverage for Red Herring magazine. She also helped launch Greentech Media’s news operations as its founding editor in 2007.

Sure, the Google Campfire last month announced its apps marketplace by the glow of kitschy fake campfires, under a canopy of fake tree silhouettes, in a room with a tent and campfire-logo fleece blankets as giveaways. But only the props were fake. The event was backed by a real product with 50 real customers. And, as fitting an enterprise product, it definitely qualified as a restrained launch for a company as big as Google.

Bloom Energy used some of the same tactics when it launched its fuel cells in February — although there was certainly nothing restrained about the event, which took place at eBay headquarters and included California Gov. Arnold Schwarzenegger and former U.S. Secretary of State Collin Powell. As with Google Apps, Bloom kept (mostly) quiet until its launch and then made a splash by announcing key customers, including Wal-Mart, eBay, FedEx, Staples and, of course, Google.

The result, in the case of Bloom, was a huge bang of publicity. With its star lineup of Kleiner Perkins investors and directors such as Powell, the company scored a feature on 60 Minutes and many high-profile publications followed. All the hype has sparked envy from other startups that want the same attention.

Should other startups take a page from the launch book of Bloom, Google or Apple, which also has been known to keep quiet until a product is ready (although not in the case of the iPad), and get more attention by keeping quiet?

If You’re Not Google

Well, it doesn’t always work. One major difference, of course, is that Google and Apple launches are guaranteed to be big news. As a reporter, I knew I’d attend the Campfire regardless of what was being launched – and I was sure I’d get a story out of it. And Bloom had the advantage of big newsworthy backers and partners right out of the gate. Not so for most startups.

Using stealth as a marketing strategy comes with plenty of potential pitfalls, as well. Of course, the main reason to keep a company or technology quiet is to protect intellectual property. Once patents are secured, the decision becomes one of strategy.

Melody Haller, CEO of public-relations firm Antenna Group, explains that if you’re a big company, you have two choices: One is freezing out the competition by pre-announcing products that aren’t ready yet, which is a tactic Microsoft is famous for. (Once Microsoft has announced it is entering a space, competing startups are less likely to score backing from investors or partners as they wait to see what Microsoft has in store.) The other is waiting until a product is ready before launching it, like Google does.

The Cost of Quiet

The choices aren’t the same for most startups, as speaking out is less likely to deter competitors. Keeping quiet might help artificially bolster a launch, but could have the opposite effect if the company isn’t viewed as newsworthy enough to cover. In the meantime, the company may be missing out on potential partnerships and customers that could ultimately help it succeed. “It comes at a cost,” Haller says.

The extent to which a startup should talk largely depends on how much it needs others, she explains. For example, a company with a limited customer base and good access to those customers needs far less publicity than a company targeting consumers or hard-to-reach customers. Building a reputation can help companies meet those partners, or get them to pick up the phone.

In general, if a company’s in stealth mode after patents are filed, it’s a sign its product isn’t ready yet – or it’s still working out an issue that might not stand up to public scrutiny. Personally, I tend to be skeptical if a company makes big claims while keeping its product hidden from public view. Most entrepreneurs I’ve interviewed are proud of their products and want to discover any problems early.

Public Troubleshooting

The danger of avoiding public scrutiny is the same as the danger of skipping peer review in science experiments – you could be missing a significant challenge which could end up being an Achilles heel. Once a product is launched, a company will usually have to spend more time and money to correct the problem than if it discovered the issue earlier.

By isolating themselves, startups also can end up victims of their own company cultures, Haller points out. Because startups tend to be dominated by researchers and engineers, rather than employees focused on marketing and selling products, they might focus on the science and technology and miss usability problems that their customers might face. Companies tend to be optimistic, which can be a key to success, but could also blind them to potential failures.

Finally, if startups succeed in generating huge launch buzz, it could be setting itself up for a fall if it can’t meet the lofty expectations it has (perhaps inadvertently) created. In other words, the greater the publicity, the higher the expectations – and the easier it is to plunge in the public eye.

Slow and Steady…

In the case of hardware, for example, it’s important to match publicity with the company’s ability to deliver products, Haller says. If a big launch creates more demand than a company can fulfill, customers will be disappointed when they can’t buy the product and the company could suffer a backlash, she says.

The best strategy depends on the specific product and its target audience. When the product is a free social networking tool, for example, which depends mainly on popularity for success and doesn’t face product availability obstacles, the challenges are different. In that case, it’s more important than ever to get the word out early and test the product with a beta group of early adopters while the user base grows, Haller says.

All in all, the biggest point startups can take away from Google and Apple product launches is the importance of building a company, she says. Google and Apple didn’t take shortcuts, but first built strong companies and products – then used savvy marketing strategies to get the most out of their launches. They need publicity because the success of their products depends on having users, but they deserve the buzz they get because they have – for the most part – lived up to the claims and expectations they have set, Haller says.

Greenbuild: Change we can build on!

November 2009

The Greenbuild celebration at Phoenix’s Chase Field last night was the best conference presentation I’ve seen, bar none—this from someone who’s been attending about 15 tech industry conferences a year for the past 20 years.

Why? Yes, there was the star power of Al Gore, looking trim and fit and delivering his usual inspiring talk (“We must make it easier for our elected officials to do the right thing and harder for them to do wrong.”). The concert by Sheryl Crow concluded the evening on a great note. The huge projection of the speakers was attractively winged by a split screen image of video footage of nature at work, exceptional green building projects, and people in communities. All good stuff, but what really impressed me was the presentation by the organizers—the last thing you’d usually expect to be exciting.

Rick Fedrizzi, president and CEO of the US Green Building Council declared, “We need not only change we can believe in but change we can build on. We need not only a tipping point but a leverage point.” The audience agreed: It’s time for a green building revolution. “It’s time to move from aspirational green building to informational green building.”

The zero-carbon buildings movement could solve the energy, economic and quality-of-life challenges for the world. If anything can. The 27,000 attendees, including the friendly, funny and hospitable CB Ellis brokers who shared their table and great view with me, all seemed to agree.

Still, what impressed me was the superbly coordinated presentation, first by Fedrizzi, then interweaving many more Green Building Council leaders from around the world: Australia, UK, New Zealand, India, South Africa, Mexico, Canada, Germany, Taiwan, Brazil and Italy. Each presenter was perfectly on message and smoothly handed off to the next, like the old friends and long-time collaborators they actually are.

At the heart of most conferences lies someone trying to make money. At the heart of Greenbuild is a huge and growing global network of designers, builders, policy-makers and humanists trying to make a better world. I loved every minute of it.

Getting Stuck in Stealth Mode

May 2009

Don Solo/Flickr

Don Solo/Flickr

Cleantech companies are particularly prone to intellectual-property paranoia. Caution is reasonably called for: do get those patents filed before gabbing.

Industrial innovators burn a lot of capital before reaching healthy revenues. Some directors cut cost corners by keeping portfolio companies in stealth mode for years. A small executive team is expected to reach key customers and get sites installed with little more marketing than a cursory website. Supposedly, this not only saves money but also hides their brilliant innovation from imitators.

Companies may be lingering too long in the shadows, simply because their leaders don’t understand the power of the strategic communications sword. How many VCs or board members do you know who have a strong marketing background? Yet history shows the best technology does not always win. The good-enough solution that is fastest to penetrate the market and relentlessly defends its leadership will win the lion’s share.

Even in situations where staying under the radar might give an edge versus competitors, it also brings a downside: it hides the company from customers, potential talent and the investors needed for each new round. A company that does show market momentum also has a better shot at winning approval for its ARRA application. Smart PR accelerates all those initiatives. So, what is not invested in public relations may instead be lost on a longer sales cycle, larger sales force, costlier executive-recruiter effort, more expensive capital and far more CEO time spent courting reluctant investors.

Shut off from a real market response, a company can get trapped in a self-referential box. Unable to outgrow its anti-marketing culture, it may be on its way to cleantech Betamax, to being Novell instead of Microsoft.

The transition from hiding your light under a basket to being able to dazzle your customers is as difficult for a company as puberty is for a teenager. Luckily, unlike puberty, you can hire people to help you through it.

Hooking That VC

January 2009

Not a day goes by that we are not reminded of the economic recession plaguing businesses. Recently, the Silicon Valley Venture Capital Confidence Index reached its fifth consecutive quarterly low. In the last quarter of 2008, it dropped to 2.77 out of a five-point scale.

Wall Street Journal 1/28/2009

“The macroeconomic conditions have become so dire that it’s tough environment to operate in,” says Mark Cannice, executive director of the University of San Francisco Entrepreneurship Program, who compiled the report.

The Index measures and reports the opinions of professional venture capitalists in their estimation of the high-growth venture entrepreneurial environment in the San Francisco Bay Area over the next 6 - 18 months.

The Index measures and reports the opinions of professional venture capitalists in their estimation of the high-growth venture entrepreneurial environment in the San Francisco Bay Area over the next 6 - 18 months.

Presenting to Venture Capital firms is always tough, but recent events are making this crucial step to getting your business off the ground even more pivotal.

Any man who afflicts the human race with ideas must be prepared to see them misunderstood.
–Henry Louis Mencken, American Journalist (1880 - 1956)

No matter how exciting and important your new idea may be, if you can’t help others understand it they won’t invest their time or money.  Here are some initial guidelines. Above all, be mindful of your audience’s experience, and let go of your love affair with the minutiae of your plan.

1. Prioritize and streamline your thinking. VCs are really, really smart. Chances are they will have looked at many similar plans before you walk in their door. They may feel impatient, even insulted, if you dwell too long on the basics. Frame the issues succinctly then quickly move on to your solution. Listen to your listener.

2. Prioritize and streamline your data. You want the VC to get the picture quickly, not be struggling to make out tiny numbers on your spreadsheet. Slow down when presenting detailed data and projections. Check to make sure graphs and tables can be easily read on your portable from five feet away, a guideline that assures effective projection to most screens. As technical insurance, carry a copy of your presentation on a memory stick, and a spare battery.

3. Keep it visually simple. Don’t use a busy background or distracting special effects. Exclude anything that does not add value and increase meaning. Avoid even a single extraneous word or image! Make the fonts larger than look right to you on your computer. Light-colored text on a dark background must be boldface. Use capital letters sparely and appropriately. Check grammar and spelling, so as not to distract your audience from your real message with minor annoyances. The first time you introduce an abbreviation or acronym be sure to speak and/or define the entire term.

4. Assume you will have one hour maximum with the partner. Arrive 10 minutes early to get your preso set up. Discipline yourself to get through your basic presentation in half an hour, even with questions along the way. This way there will be time for the partner(s) to simply engage with you and make the story their own.

5. Do your homework and make the choice easy.  If you’ve researched their portfolio and have a rationale for why their company is a good fit, they will be more interested. Are there parallels with their experience? They will like the deal best if they feel they can add some value and thus have a competitive edge.

6. Turn your audience into your advocate. Your first goal is for the VC to remember this first meeting so positively and clearly that he bothers to pitch you with some enthusiasm in the weekly practice/partners meeting. Only if your story (without you) passes will you get to the next stage.

7. Utilize your new advocate. If you make it to the next meeting, it will be with a larger group for a longer time and they will drill down much harder on your facts. Make your advocate look great. Soliciting his guidance also increases his investment in you winning. The many factors at work include whether your advocate has sufficient political clout within the group. Of course, you don’t know whether the group is actually actively investing or just keeping busy scouting. Knowing how to pick which VCs to approach is another topic altogether.

8. Survive Due Diligence. If you make it past that meeting, they will engage someone to perform due diligence. That choice is pivotal. If there are things about your idea or business plan that may not stand up to these pressures, fix them before the first big meeting.

9. Negotiate. If you make it past DD, then it’s all about negotiating the deal. Antenna does not participate in that process, so it’s crucial to have a good attorney on board at that point.