TL;DR
It is one of the most overlooked slides in a deck. A 2025 fundraising analysis found it missing or visibly weak in roughly 56% of decks reviewed (DocSend/Foundersuite, 2025). It is also the slide investors use to judge whether you can be trusted with the capital.
Four real company examples below — the pitch decks of Artisan, Hype, Seam.so, and micro1 — show how startups at different stages approach this slide. What they share is a clear link between capital and outcome.
- Every category should answer: what happens, and what does it unlock?
- Match format to stage. Pre-seed needs milestone clarity more than financial precision.
- Design for a 10-second read. Investors average under 2.5 minutes per deck.
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