Origination - How to take it forward? Seeking advice

Based on the most helpful WSO content, here are some detailed steps and advice for your situation:

Scenario Analysis and Action Plan

1. Base Case Scenario (60% Probability)

• Outcome: Receptive but no real guidance, kicking the can down the road.
• Action Plan:
  • Document Your Work: Ensure you have a well-documented pitch and all supporting materials ready.
  • Seek Feedback: Ask for specific feedback on why the idea is not being pursued immediately. This can provide insights into potential gaps or areas of improvement.
  • Build Alliances: Identify and build relationships with other senior members who might be interested in the idea. This can help create a coalition of support.
  • Incremental Progress: Propose smaller, incremental steps that require less commitment but can demonstrate the potential of the idea. This can help in gradually gaining more support.

2. Best Case Scenario (30% Probability)

• Outcome: Enthusiastic response with tools and access to relevant individuals.
• Action Plan:
  • Leverage Resources: Utilize the tools and access provided to start putting together a comprehensive business plan (BP) for fundraising and seed acquisition.
  • Form a Task Force: Assemble a team of internal stakeholders who can help in refining the pitch and strategy.
  • Regular Updates: Keep senior management updated with regular progress reports to maintain their enthusiasm and support.
  • External Validation: Seek external validation or partnerships to strengthen the case and demonstrate broader interest in the sector.

3. Worst Case Scenario (10% Probability)

• Outcome: Idea is shut down immediately.
• Action Plan:
  • Evaluate Feedback: Understand the reasons behind the rejection. This can provide valuable lessons for future pitches.
  • Consider External Options: If you strongly believe in the idea, consider pitching it to other funds or investors who might be interested.
  • Keep the Idea Alive: Maintain your network and keep an eye on the sector. Market conditions and internal priorities can change, making the idea more viable in the future.

Additional Considerations

• Approaching the Global CIO:

  • Risk Assessment: Weigh the potential benefits against the risks of going above your senior management. If you have a good relationship with the Global CIO and believe they are open to new ideas, it might be worth the risk.
  • Strategic Timing: Choose the right moment to approach the Global CIO, ideally when you have some initial support or positive feedback from other senior members.

• Personal Development:

  • Skill Enhancement: Continue to develop your skills and knowledge in the niche industry. This will not only strengthen your pitch but also enhance your credibility.
  • Mentorship: Seek mentorship from experienced colleagues or industry professionals who can provide guidance and support.

Conclusion

Navigating internal pitches and gaining support for new ideas can be challenging, especially in a large and fragmented market. By carefully analyzing the scenarios, seeking feedback, building alliances, and considering external options, you can increase the chances of successfully advancing your idea. Remember to document your work, leverage available resources, and continuously develop your skills and network.

Good luck!

Sources: How would you have responded? Hypothetical Pitchbook Error Scenario, How long does it take to formulate a investment idea / stock pitch, Leaving Banking - End of PE Chances?, delete delete delete delete, How long does it take to formulate a investment idea / stock pitch