7 Shark Tank Questions Every Founder Must Anticipate

Read Time:
3 Mins 30 Sec
Author:
Arun Thangavel
17.10.2024

Whether you're pitching to the Sharks or a room full of VCs, it can feel like a battlefield out there. But the best defense? Knowing what questions are coming. Anticipate them, and you’ll walk away with more than just a pat on the back!

So, here are 7 questions investors are definitely going to ask. Nail these, and you’re on your way to securing that funding!

1. What Problem Are You Solving, and Why Does It Matter?

This is the heart of your startup. The problem you're solving has to be big, relatable, and urgent.

  • Keep It Simple: Clearly explain the problem in a way anyone can understand.
  • Back It Up with Data: Saying "This is how it impacts a billion people" is way more convincing than a vague statement. Speak numbers. 

Think of how Uber could have pitched it: “Waiting 30 minutes for a cab in Mumbai traffic sucks for the 1.5 Crore people. We’re solving that.”

2. How Big Is Your Target Market, and What's Your GTM?

Investors want to know if you’re chasing a big enough opportunity. They’re not interested in small, niche markets—they want to see potential for massive growth.

  • TAM, SAM, SOM: Master these—Total Addressable Market, Serviceable Available Market, and Serviceable Obtainable Market.
  • Go-to-Market Strategy: Lay out exactly how you plan to enter and dominate the market. Timelines, channels, the works.

Tesla did this brilliantly—first, they targeted the luxury EV market, then laid out how they'd expand into the mass market.

3. What Makes Your Solution Unique?

Time to show off! What makes your product stand out from the competition?

  • Highlight Your USP: Whether it’s tech, design, or something else, make sure it’s crystal clear.
  • Competitive Analysis: Show why you’re better than the competition (but be nice about it). A comparison chart can do wonders here.

Slack, for example, showed how they beat traditional email chains with their seamless messaging platform, making them an instant hit with investors.

4. Can You Walk Me Through Your Business Model and Revenue Projections?

Let’s talk money. Investors want to know how you plan to make it, and your projections need to be grounded in reality—not fantasy.

  • Revenue Model: Is it subscription-based? Ad-supported? Break it down simply.
  • Financial Projections: Share a 3- to 5-year forecast, but make sure it's realistic and achievable.

Airbnb’s pitch deck nailed this by clearly showing how they’d make money from service fees while growing their user base.

5. Who’s On Your Team, and What Experience Do They Bring?

Investors don’t just bet on ideas—they bet on people. Show them your team can deliver.

  • Highlight Your Team’s Strengths: Focus on the skills and experiences that make your team capable of executing the vision.
  • Acknowledge Gaps: If you're missing a key role, be upfront about it and explain how you plan to fill it.

Think Canva—when they showcased their design and engineering expertise, investors knew they had the right people in place to bring the vision to life.

6. What Are Your Main Milestones for the Next 12-18 Months?

Milestones = progress. Show investors your roadmap for the next year and tie those goals to your funding request.

  • Roadmap: Include key launches, market expansions, and user growth targets.
  • Align with Funding: Make sure your ask directly supports the milestones you’re aiming to hit.

Example: “Q1: Launch in two new markets. Q2: Reach 100,000 users. Q3: Raise Series A.”

7. How Will You Use the Funding You’re Asking For?

Investors want to know exactly how you plan to spend their money. Be specific.

  • Break It Down: How much goes to marketing? Product development? Hiring? Be clear.
  • Link to Growth: Show how this funding will push you towards your next big milestones.

Buffer or Front did this perfectly—clear charts showing fund allocation and the growth they expected as a result.

Bonus Tips for a Winning Pitch Deck:

  • Prepare for Follow-Ups: Investors will have questions, so be ready for them!
  • Keep It Consistent: Make sure your pitch deck matches what you’re saying—no conflicting data.

Conclusion: Be Ready, Be Confident

Answer these 7 questions, and you’ll turn your pitch deck into a funding magnet. Before your next pitch, go through your deck and make sure these points are front and center.

Good luck out there—you’ve got this!

Got more questions about fundraising? Reach us here.

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