The best way to do that is with a compelling story. And knowing your audience. Even in Silicon Valley, most VCs wonât be technical. So donât focus on the technology, focus on the âwhy.â [See also: Chapter 3.2: Why Storytelling.]
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Storytelling is how you get people to take a leap of faith to do something new. Itâs what all our big choices ultimately come down toâbelieving a story we tell ourselves or that someone else tells us. Creating a believable narrative that everyone can latch on to is critical to moving forward and making hard choices. Itâs all that marketing comes down to. Itâs the heart of sales.
Your productâs story is its design, its features, images and videos, quotes from customers, tips from reviewers, conversations with support agents. Itâs the sum of what people see and feel about this thing that youâve created.
And the story doesnât just exist to sell your product. Itâs there to help you define it, understand it, and understand your customers. Itâs what you say to investors to convince them to give you money, and to new employees to convince them to join your team, and to partners to convince them to work with you, and to the press to convince them to care. And then, eventually, itâs what you tell customers to convince them to want what youâre selling.
And it all starts with âwhy.â
Why does this thing need to exist? Why does it matter? Why will people need it? Why will they love it?
You can earn their trust by showing that you really know your stuff or understand their needs. Or offer them something useful; connect with them in a new way so they feel assured that theyâre making the right choice with your company. You tell them a story they can connect with.
A good story is an act of empathy. It recognizes the needs of its audience. And it blends facts and feelings so the customer gets enough of both. First you need enough insights and concrete information that your argument doesnât feel too floaty and insubstantial. It doesnât have to be definitive data, but there has to be enough to feel meaty, to convince people that youâre anchored in real facts. But you can overdo itâif your story is only informational, then
itâs entirely possible that people will agree with you but decide itâs not compelling enough to act on just yet. Maybe next month. Maybe next year.
So you have to appeal to their emotionsâconnect with something they care about. Their worries, their fears. Or show them a compelling vision of the future: give a human example. Walk through how a real person will experience this productâtheir day, their family, their work, the change theyâll experience. Just donât lean so far into the emotional connection that
what youâre arguing for feels novel, but not necessary.
Quick stories are easy to remember. And, more importantly, easy to repeat. Someone else telling your story will always reach more people and do more to convince them to buy your product than any amount of talking you do about yourself on your own platforms. You should always be striving to tell a story so good that it stops being yoursâso your customer learns it, loves it, internalizes it, owns it. And tells it to everyone they know.
After your product launch, and hopefully with revenue coming in, your board meetings will focus more on data and whatâs happening externallyâwhatâs the competition doing, what are customers asking for, how well are we attracting and retaining customers, what kinds of partnerships have you set up. And as always when youâre presenting numbers, it becomes much more important to craft a narrative. You have to tell a story. [See also: Chapter 3.2: Why Storytelling.] Your board isnât in the business every day like you areâthey canât immediately understand the nuances or what the numbers actually mean unless you give them context.
Being able to help the board grasp exactly whatâs going on is good for the CEO, too. The better you can explain something, the more you understand it. Teaching is the best test of your own knowledge. If youâre struggling to explain what youâre building and why, if youâre presenting a report without really understanding it, if the board is asking you questions that you canât answerâthen you have not internalized whatâs actually going on at your company.