I have been in many of these types of presentations:

Some of the reasons why the overall conclusion of a presentation does not make sense, while the individual slides do:

• Maybe the people, the organisation, and its culture is not the right environment to make a plan happen. Who is going to do it?

• The probability curve: on average, normally speaking, the strategy makes sense. But what if things start deviating from the average. What is the potential downside and could it be catastrophic to the compony?

• The self-fulfilling prophecy. Yes, the deck has 50 slides, discussing 50 different aspects of the idea, but when you look at it, they all depend on ver few (maybe even one) assumption about the market outlook, a valuation of a company, etc. That assumption could be wrong.

Unlike for big companies, for tiny startups the opposite could be true. The slides might not all make sense, but the team is fantastic, the downside is not that big, and an angel investor is willing to bet on that one big assumption.

Photo by dylan nolte on Unsplash