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How to Make an IPO Pitch Deck [A Guide]

  • Writer: Ink Narrates | The Presentation Design Agency
    Ink Narrates | The Presentation Design Agency
  • Dec 11, 2024
  • 7 min read

Updated: Aug 29

A few weeks ago, our client Thomas asked us something interesting while we were working on his IPO pitch deck.


He said,


“What do investors actually want to see in an IPO deck that isn’t already in the prospectus?”


Our Creative Director answered without missing a beat:


“Clarity, confidence, and zero confusion.”


As a presentation design agency, we work on a lot of IPO pitch decks throughout the year. And in the process, we’ve observed one common challenge: most teams don’t know how to turn a dense financial document into a compelling story.


So, in this blog, we’ll talk about how to make an IPO pitch deck that investors actually pay attention to.



In case you didn't know, we specialize in only one thing: making presentations. We can help you by designing your slides and writing your content too.




Why the IPO pitch deck matters

Let’s be honest. The IPO roadshow is a pressure cooker. You’ve got limited time, high stakes, and a room full of people trained to spot red flags before you even open your mouth. In that context, your IPO pitch deck is not just a formality. It’s a filter.


It’s the tool that shapes first impressions. And whether you like it or not, those impressions determine if investors lean in or check out.


Now, we’ve seen this too many times: a leadership team walks into the room thinking the S-1 will do the talking. But here's the thing — the S-1 is a regulatory requirement. The deck is your narrative. It's your chance to control the conversation before someone else does.


And the truth is, no one is investing in just numbers. They’re investing in your story, your growth thesis, and most importantly, your ability to communicate both with clarity and conviction.


That’s why this isn’t about adding pretty graphics or stuffing more data into slides. This is about designing a presentation that earns trust, builds momentum, and communicates exactly what makes your company IPO-ready.


How to Make an IPO Pitch Deck

Let’s start with one truth you’re not going to hear from most people: IPO decks don’t fail because of missing numbers. They fail because of a missing story.


And before you picture something dramatic, no — we don’t mean a rags-to-riches startup fairytale.


We mean a clear, believable, investor-facing story about how your company is built for long-term success. That’s what you need to land the deal.


So let’s break it down. If you’re about to go public, this is what your IPO pitch deck actually needs to do — and how to build one that stands up to scrutiny.


1. Start with your headline narrative — not your slide titles

Too many founders jump into Keynote or PowerPoint and start filling in slides like a checklist: Market, Product, Revenue, Team, Risk Factors. That’s not a story. That’s a table of contents.


Instead, write the big idea of your IPO story in one sentence. Not a tagline. Not a slogan. A sentence.

Something like:

“We’re becoming the leading platform for [category], backed by ten years of strong growth, a profitable business model, and a clear expansion path.”

This sentence is your North Star. Every slide in the deck should connect back to it. If it doesn’t, cut it. If it’s vague, fix it. If you don’t have one yet, don’t touch PowerPoint. You’re not ready.


2. Understand that investors are looking for shape, not just size

Most first-time IPO decks obsess over size — total addressable market, revenue run rates, valuation targets. That’s useful, but here’s what seasoned investors are actually scanning for: shape.


They’re looking at the shape of your revenue curve. The shape of your margins. The shape of your cost structure. Is it stable? Is it scaling cleanly? Is it peaking too early?


So your slides shouldn’t just state numbers. They should show how those numbers behave over time.


Use charts that reveal trajectory. Don’t flatten your business model into static snapshots. Shape is what signals durability.


3. Lead with growth, but earn it with fundamentals

Yes, growth sells. You know it. We know it. Everyone on Sand Hill Road knows it. But growth only gets rewarded if it comes with discipline.


We’ve redesigned plenty of IPO decks where the company had great numbers but the story fell apart because the underlying fundamentals weren’t framed clearly. You need to pair growth with operational strength. For example:


  • Show how you acquire customers profitably

  • Explain your unit economics

  • Break down retention cohorts

  • Show margin improvements over time


Growth without this context looks reckless. Growth with fundamentals looks scalable.


4. Your market slide is not about market size — it’s about market belief

Here’s the mistake most decks make: they grab some oversized market number from a report and slap it on the slide. $50B this. $100B that. As if a giant TAM is going to magically de-risk the entire pitch.


But savvy investors aren’t just looking at how big the market is. They want to see how well you understand it. They want to know what’s changing in that market. What tailwinds you’re riding. What category dynamics you’re using to your advantage.


So instead of showing just a number, show your insight. What do you know about this market that others don’t? That’s what makes you believable. That’s what builds conviction.


5. Product slides should show utility, not just features

If your product slide looks like a screenshot gallery or a list of features, you’re missing the point.


This is not a product demo. This is a pitch. The product section should answer one question: Why does this product win?


That might mean showing how sticky it is. Or how it integrates into a larger system. Or how it solves a problem better than anything else out there.


Pick one angle and make that point really clear. If needed, walk through a simple user flow — but keep it focused on the “why it matters” part, not the “how it works” part. You’re not training the investor. You’re convincing them.


6. Your financials need to show maturity, not perfection

Here’s a myth that needs to die: the idea that your numbers have to be flawless to impress investors.

They don’t.


Investors aren’t looking for a perfect company. They’re looking for a predictable one. So don’t hide the dips. Don’t gloss over volatility. Acknowledge the risks. Explain the corrections. Show you know how to manage them.


Also, don’t cram your financial slide with everything from the S-1. Highlight the parts that matter to the investment thesis. Point out the levers that drive growth. Let your CFO dive into the weeds during Q&A — your job here is to show command, not overwhelm.


7. Use your team slide to tell a capability story

Your leadership team isn’t just a bunch of LinkedIn bios. It’s a proof point.


That slide should scream: We’ve got the people to get this company where we say it’s going.


So frame your team not by tenure, but by relevance. What have they done that shows they can lead a public company? What kind of experience do they bring in your industry, at scale, or in navigating downturns?


If you’ve added IPO-experienced hires, show that. If your board includes heavyweight names, mention that. This is the part of the deck where investors are asking: Can this team take the company public and still keep the plane in the air? Your job is to make that answer feel like a yes.


8. Keep your “why now” slide sharp and real

Some IPO decks include a slide called “Why Now.” Others bury this point somewhere else. Either way, it matters.


The “why now” argument is where you build urgency. What’s happening in the world, in your category, or in your product that makes this the right time to go public?


Here’s what not to do: don’t say “because we’re ready.” That’s not a market reason. That’s a company milestone. Investors want to know if the market is ready. If your industry is at an inflection point. If your timing gives you an advantage.


And if you don’t have a strong “why now” story, ask yourself if you’re actually ready. Sometimes the lack of urgency is the signal.


9. Design matters — more than most people think

Yes, design. We’ve seen incredible companies tank investor meetings because their decks were cluttered, dense, and visually chaotic. This isn’t about being “pretty.” This is about being readable.


Clean design signals sharp thinking. If your deck feels hard to follow, investors subconsciously wonder if your business is hard to follow too. If your charts are messy, they’ll assume your data management is too.


Use white space. Use visual hierarchy. Use one idea per slide. And make sure your design reinforces your message — not competes with it.


Your deck isn’t just a presentation. It’s your proxy in every room you’re not in. Treat it like it matters, because it does.


10. Don’t try to cover everything. Cover the right things well.

This is the last one, and it’s a big one.


Your deck isn’t meant to answer every question. It’s meant to make investors want to ask better questions.


Focus on building a tight, coherent, confident narrative. Anticipate the big questions. Don’t drown people in information. Give them a reason to lean in, not a reason to zone out.


A strong IPO pitch deck earns attention. A weak one drains it. You only get one shot to tell your story before the assumptions kick in. Make it count.


Why Hire Us to Build your Presentation?

Image linking to our home page. We're a presentation design agency.

If you're reading this, you're probably working on a presentation right now. You could do it all yourself. But the reality is - that’s not going to give you the high-impact presentation you need. It’s a lot of guesswork, a lot of trial and error. And at the end of the day, you’ll be left with a presentation that’s “good enough,” not one that gets results. On the other hand, we’ve spent years crafting thousands of presentations, mastering both storytelling and design. Let us handle this for you, so you can focus on what you do best.


 
 

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