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Fundraising

The First 30 Seconds of Your Pitch Deck — Sequoia's 17 Slides, Adapted for Korea

2026.05.02·9 min·OPENSEED

The first 30 seconds of an investor meeting decide the remaining 30 minutes. If slide one doesn't simultaneously answer “why now,” “why us,” and “why this,” the investor's mind has already moved on to the next meeting. This article reorganizes Sequoia Capital's classic 17-slide structure for the Korean IR environment, covering the key message for each slide, how Korean practice differs from the US, and the traps founders fall into most often.

Intro.

#Three Things You Must Answer in the First 30 Seconds

By the time slide 1 (cover) and slide 2 (problem) are done, an investor has already formed a first impression. If the answers to the following three questions aren't audible within that 30 seconds, the rest of the pitch tends to feel like a formality.

QuestionWhat it really asksWhat needs to come through in 30 seconds
Why nowWhy does this need to be solved nowAt least 2 of: regulatory, technological, or behavioral change
Why usWhy can we solve itDomain assets + firsthand experience
Why thisWhy this particular solutionThe root cause + your point of differentiation
주의
If even one of these three isn't audible in the first 30 seconds, the investor files you under “review later.” “Review later” is usually just a polite way of saying no.
02

#Sequoia's 17-Slide Structure — Mapped for Korea

#Sequoia standardKorean IR adaptation
1CoverCompany name, logo, one-line value proposition
2ProblemTarget pain point + a direct quote
3SolutionMVP screenshot + core value
4Why nowRegulatory, technological, and behavioral factors
5Market sizeTAM/SAM/SOM (Korea first, then global)
6ProductFeature demo + how it works
7TractionUsers, revenue, MOUs, number of interviews conducted
8Business modelOne-line revenue formula + pricing
9CompetitionComparison table with your differentiation highlighted
10TeamDomain assets + firsthand experience
11Roadmap12-month and 24-month stages
12FinancialYear 1/3/5 revenue + bottom-up basis
13AskFunding round + amount
14Use of fundsAllocation + milestones
15VisionWhat the company looks like in 5 years
16ClosingOne-line message + contact info
17Appendix (optional)Patents, detailed financials, technical detail

In Korean IR, it's natural to show the Korean market first on slide 5 (Market size) and follow with global figures. US VCs expect global-first, but Korean VCs want to hear “why Korea first” before anything else.

03

#Slides 1–3 — Where the 30-Second Decision Happens

  1. Slide 1 (Cover): company name, logo, one-line value proposition — in the form ‘the company that makes ___ ___.’ A viewer should know what the company does within 5 seconds.
  2. Slide 2 (Problem): the pain point + one direct quote + one market data point. Use quantified language like ‘___ people spend 30 minutes doing ___.’
  3. Slide 3 (Solution): an MVP screenshot + 3 core values. Show it as an image, not text — that's the standard.
TIP
If the first three slides are packed with dense text, investors are already worn out. ‘Less is more’ — these three slides are about visual impact first.
04

#Slides 4–7 — The Trust-Building Stretch

The minute or two after the first 30 seconds is the ‘trust-building’ stretch. Why Now, Market, Product, and Traction need to flow together, short and clear.

  • Slide 4 (Why now): at least 2 of regulatory, technological, or behavioral change — with the timing and evidence for each stated explicitly.
  • Slide 5 (Market): TAM/SAM/SOM as three layers + one bottom-up formula line. Korea, then global.
  • Slide 6 (Product): a GIF or video of the product flow, or a 3-panel screenshot sequence. Minimal text.
  • Slide 7 (Traction): 1–2 of your strongest metrics among users, revenue, MOUs, or number of interviews.
주의
If Traction is weak, lean into ‘pre-traction’ signals instead — interview counts, a waitlist, LOIs, and other pre-validation data. ‘We have no revenue yet, but ___ people are waiting’ works just fine.
05

#Slides 8–12 — Validating the Business and Execution

  • Slide 8 (Business model): one-line revenue formula + pricing + core unit economics (LTV/CAC).
  • Slide 9 (Competition): a 2x2 matrix or comparison table, with your area of differentiation highlighted.
  • Slide 10 (Team): firsthand experience + domain assets + full-time commitment. Photos and LinkedIn links.
  • Slide 11 (Roadmap): quarterly milestones for 12 months, plus a 24-month milestone. Include core KPIs.
  • Slide 12 (Financial): Year 1/3/5 revenue + bottom-up assumptions. Sensitivity is optional.
TIP
Writing ‘no competitors’ on Slide 9 (Competition) costs you credibility instantly. Every business has direct or indirect competitors — or at least substitutes.
06

#Slides 13–17 — Closing

  • Slide 13 (Ask): funding round (Pre-Seed/Seed/Series A) + amount + valuation range.
  • Slide 14 (Use of funds): allocation by category + the milestone you'll reach after 12 months.
  • Slide 15 (Vision): what the company looks like in 5 years — pick 1–2 of global reach, industry change, or social impact.
  • Slide 16 (Closing): a one-line message + contact info. Something like ‘looking for people to build this with us.’
  • Slide 17 (Appendix): patents, detailed financials, and technical detail, kept out of the main deck and moved to a separate document.

The amount on the Ask slide needs to be a reasonable range. In Korea, a seed round typically runs ₩200M–₩1B, and Series A runs ₩3B–₩10B. Too little signals a lack of ambition; too much creates dilution concerns — the standard is the minimum amount needed to hit your 12-month milestones, plus a 20% buffer.

07

#The Korean IR Environment — 7 Ways It Differs from the US

ElementUS standardKorean adaptation
LanguagePrimarily EnglishKorean first, English as a supplement
Market orderGlobal firstKorea → global (“why Korea first”)
Team slidePhoto + LinkedInPhoto + education + career history (standard Korean IR practice)
Presentation time10–15 min + Q&A5–10 min + 10–15 min Q&A (standard for government-program pitches)
Financial detailYear 5 forecastFocus on Years 1–3, with Year 5 as supporting detail
ValuationNegotiated in the term sheetRange stated up front
Cultural toneDirect and confidentHumble tone + strong data (self-promotion reads poorly)
TIP
In Korean IR, the combination of ‘a humble tone + strong data’ lands best. ‘We're the best’ is less effective than ‘our data shows ___.’
Summary.

#Writing Your 30-Second Core Message — Self-Diagnosis

  1. Is Slide 1's one-line value proposition understandable within 5 seconds?
  2. Is Slide 2's pain point expressed through a direct quote or quantified data?
  3. Is Slide 3's solution shown as an image rather than text?
  4. Does Slide 4's Why Now clearly state at least 2 of regulatory, technological, or behavioral change?
  5. Does Slide 7's Traction highlight your 1–2 strongest metrics?
  6. Is Slide 13's Ask a reasonable range? (Seed: ₩200M–₩1B / Series A: ₩3B–₩10B)
  7. Is your total slide count between 17 and 22? (Under 15 feels thin; over 25 feels bloated)
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OpenSeed's IR Deck AI Feedback analyzes slide flow, message consistency, Why Now, and financial coherence from an investment committee's perspective. An IM (investment memo) mode is also available.
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