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!

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

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

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

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  • 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. 

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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.”

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

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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.

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  • 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.

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

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3. What Makes Your Solution Unique?

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

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  • 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.

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

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

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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.

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  • 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.

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

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

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

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  • 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.

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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.

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

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

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  • 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.

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

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

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

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  • 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.

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

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Bonus Tips for a Winning Pitch Deck:

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  • 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.
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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.

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Good luck out there—you’ve got this!

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Got more questions about fundraising? Reach us here.

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