storytelling is an art However old a civilization may be, it is rarely taught, despite the fact that the ability to tell a good story is vital to success in many areas.
Fundraising is one area where good storytelling can be important, but few founders know how to clearly and concisely explain how their idea solves a problem.
Snorkel.ai co-founder and CEO Alex Ratner honed his stories at the Stanford Lab, and net worth, he said in a recent edition of gaming-updates Live, helped him reach $135.3 million. round since the founding of the company. Founded in 2019.
“I was a presentation freak before I made a real presentation,” Ratner said. “On the academic side, I convinced myself that communication is everything. You may have the most wonderful, most effective method. However, it doesn’t make sense if you can’t explain how it relates to real world issues and how it is mentioned in alternative solutions. ,
gaming-updates was joined live by Ratner, Greylock partner and lead Snorkel investor Sam Motamedi.
Listen to the episode and it’s clear that Alex Ratner tells his company’s story well. Passion and wit come easily, but when pressed, he admits that he has given this speech countless times, which was a common theme of the episode. Of course, it takes practice to be good.
This episode is a must-see for anyone preparing for the field. Ratner and Motamedi drew a straight line from the presentation to the initial fundraiser, and there is a clear message in the premise.
“I think everyone can learn to be an outstanding storyteller,” Motamedi said. Alex has been an outstanding storyteller ever since I met him. But at the same time, I think his ability to tell this story has improved a lot in recent years.”
Motamedi points to Snorkel.AI’s presentation as a classic example for entrepreneurs trying to hone their storytelling skills. It’s an important balance between presenting a 30,000 foot view of the market and the problem the company is solving that adds value to the customer.
“Honestly,” he said, “startups just need to get it right.” This can lead to direct seed or Series A investments, giving the investor confidence that the company has the right team. “Those are two things we see in Seed and Series A.”