I suffer from something called Ménière’s disease—don’t worry, you cannot get it from reading my blog. The symptoms of Ménière’s include hearing loss, tinnitus (a constant ringing sound), and vertigo. There are many medical theories about its cause: too much salt, caffeine, or alcohol in one’s diet, too much stress, and allergies. Thus, I’ve worked to limit control all these factors.
However, I have another theory. As a venture capitalist, I have to listen to hundreds of entrepreneurs pitch their companies. Most of these pitches are crap: sixty slides about a “patent pending,” “first mover advantage,” “all we have to do is get 1% of the people in China to buy our product” startup. These pitches are so lousy that I’m losing my hearing, there’s a constant ringing in my ear, and every once in while the world starts spinning.
Before there is an epidemic of Ménière’s in the venture capital community, I am trying to evangelize the 10/20/30 Rule of PowerPoint. It’s quite simple: a PowerPoint presentation should have ten slides, last no more than twenty minutes, and contain no font smaller than thirty points. While I’m in the venture capital business, this rule is applicable for any presentation to reach agreement: for example, raising capital, making a sale, forming a partnership, etc.
Ten is the optimal number of slides in a PowerPoint presentation because a normal human being cannot comprehend more than ten concepts in a meeting—and venture capitalists are very normal. (The only difference between you and venture capitalist is that he is getting paid to gamble with someone else’s money). If you must use more than ten slides to explain your business, you probably don’t have a business. The ten topics that a venture capitalist cares about are:
1. Problem
2. Your solution
3. Business model
4. Underlying magic/technology
5. Marketing and sales
6. Competition
7. Team
8. Projections and milestones
9. Status and timeline
10. Summary and call to action
You should give your ten slides in twenty minutes. Sure, you have an hour time slot, but you’re using a Windows laptop, so it will take forty minutes to make it work with the projector. Even if setup goes perfectly, people will arrive late and have to leave early. In a perfect world, you give your pitch in twenty minutes, and you have forty minutes left for discussion.
The majority of the presentations that I see have text in a ten point font. As much text as possible is jammed into the slide, and then the presenter reads it. However, as soon as the audience figures out that you’re reading the text, it reads ahead of you because it can read faster than you can speak. The result is that you and the audience are out of synch.
The reason people use a small font is twofold: first, that they don’t know their material well enough; second, they think that more text is more convincing. Total bozosity. Force yourself to use no font smaller than thirty points. I guarantee it will make your presentations better because it requires you to find the most salient points and to know how to explain them well. If “thirty points,” is too dogmatic, the I offer you an algorithm: find out the age of the oldest person in your audience and divide it by two. That’s your optimal font size.
So please observe the 10/20/30 Rule of PowerPoint. If nothing else, the next time someone in your audience complains of hearing loss, ringing, or vertigo, you’ll know what caused the problem. One last thing: to learn more about the zen of great presentations, check out a site called Presentation Zen by my buddy Garr Reynolds.
Written at Atherton, California
我患上了所谓的Ménière病——别担心,你不会读了我的博也染上这种病。Ménière的症状包括失聪,耳鸣(持续嗡嗡叫的声音)和眩晕。关于这种病的成因,有很多医学解释:在食物中摄入了过量的盐分、咖啡因或酒精,太大的压力和敏感。因此,我一直在努力控制这些因素。
然而,我还有另一种解释。作为一个风险资本家,我不得不听取数以百计的创业者介绍他们的公司。大部分的介绍都是些废话:用六十页的幻灯片讲述“未决的专利申请”、“先动优势”、“所有我们需要做的就是让1%的中国人购买我们的产品”,诸如此类的启动方案。这些介绍是如此的恶心,以至于我一直在损耗着自己的听力,耳朵里一直在嗡嗡地叫,偶尔觉得世界都开始旋转。
当这种Ménière病在风险资本界中开始流行之前,我一直在努力传播PowerPoint的“10/20/30原则”。非常简单:一次PowerPoint陈述,应该只有10页幻灯片,持续时间不超过20分钟,字体不小于30磅。我在风险投资业的经历表明,这一原则适用于任何能达成协议的陈述:比如,募集资本、推销、建立合作关系等等。
10是PowerPoint陈述中最理想的幻灯片页数,因为一个普通人在一次会议里不可能理解10个以上概念——风险资本家也是普通人。(你和风险资本家的唯一区别只在于他是在拿别人的钱赌博给自己挣钱。)如果你必须要用超过10页的幻灯片来解释你的生意,你可能就没生意。风险资本家关注的10个主题是:
1.问题
2.你的解决方案
3.商业模型
4.潜在力量/技术
5.市场营销
6.竞争
7.团队
8.起始点和里程碑
9.地位和时限
10.概要和行动呼吁
你必须在20分钟里介绍你的10页幻灯片。当然,你可能有一个小时的预约,但是你要使用一个Windows笔记本,这可能会花去四十分钟让它和投影仪正常工作。即使安装非常顺利,人们也可能会迟到,又不得不早退。在一个完美的情况下,你在20分钟内完成你的介绍,就可以留下40分钟时间进行讨论。
我看过的大多数陈述,都使用着10磅字体的文本。在一页幻灯片里挤进尽可能多的文本,然后陈述者可以读它们。然而,只要听众发现你在照本宣科,他们就可以在你之前读完,因为他们读起来总会比你说得更快。结果造成,你和你的听众不同步。
人们使用小号字体的原因有两方面:第一,他们对自己的材料不够熟悉;第二,他们认为更多的文本会更有说服力。统统都是四肢发达头脑简单的家伙。强迫你们自己使用不小于30磅的字体。我保证这会让你们的陈述更好,因为这要求你们发现最重要的部分,并知道如何解释好它们。如果“30磅”这一条太死板了,我再提供一个算法:找出你的听众里年龄最大的人,把他的岁数除以二。那就是你最理想的字体大小了。
所以,请遵守这个PowerPoint的“10/20/30原则”。如果没有别的什么情况,下次你的听众里有人抱怨失聪,耳鸣或眩晕,你就该知道出什么问题了。最后一件事:想学习更多的精彩陈述的秘诀,请访问我的朋友Garr Reynolds的PresentationZen网站。
于阿瑟顿,加利福尼亚
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PowerPoint的“10/20/30原则”
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