Problem-Solution Pitch Formula
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A framework for pitching startups by clearly explaining the problem and solution, based on Shaan Puri and Sam Parr's feedback to founders.
Core Pitch Structure
- Start with a specific customer example: "X company had Y problem"
- Explain what they tried: "They tried Z solution"
- Show why existing solutions fall short
- Present your unique approach and why it works better
Key Elements for Effective Pitching
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Use real customer stories and examples
- Name actual companies experiencing the problem
- Provide concrete details about their situation
- Show real numbers and results when possible
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Make it immediately clear what you do
- Avoid generic terms and industry jargon
- Focus on the first 30-60 seconds
- Test pitch with friends to ensure clarity
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Include personal credibility elements
- Relevant background experience
- Previous success stories
- Deep industry knowledge
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Present clear traction metrics
- Current revenue/customers
- Growth rate
- Key partnerships or wins
Common Pitching Mistakes to Avoid
- Being too technical or abstract
- Using industry jargon without explanation
- Not clearly stating the problem being solved
- Failing to differentiate from existing solutions
- Not including specific customer examples
Framework Testing Method
- Present pitch to friend/colleague
- Ask them to explain back what your company does
- Evaluate if they:
- Understand the core concept
- Find it compelling
- Can repeat it to others
- Iterate based on feedback until message is clear and compelling
This framework emphasizes clarity, specificity, and real-world examples over theoretical or technical explanations.
03:01 - 05:12
Full video: 01:35:17SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.