Few do this because it is a huge disadvantage to all but the most experienced entrepreneurs (and often for them too). https://twitter.com/austinfish/status/1309478491314950144

- Perhaps the most skilled Professors don’t need a lesson plan. The most skilled speakers don’t need prepared remarks. The most skilled managers don’t need a meeting agenda. But even for the best in those fields, they do the opposite.

Then add the power imbalance that exists between VC and founder pitching. Without a deck, founder can’t control the agenda and often loses the narrative. Assumes primary skill of being a great founder is thinking on your feet.

Now let’s consider bias. This informality lends itself to even more bias because it doesn’t give the founder a chance to use their great work and preparation to control the agenda and possibly overcome bias.

So pls let’s kill this idea that better VCs just want to informally chat and not let the founder drive the agenda and share their well considered narrative with visual data and evidence. The best VCs do the opposite. Not to have a dog and pony show, but to be fair to the founders