Again in January, Natasha lined Juro’s Series B round, which added $23 million to its coffers. Juro goals to place an finish to contract negotiation insanity, shifting the workflows out of Microsoft Phrase and a handful of different subpar instruments to an all-in-one, web-based platform for contract negotiation-to-signature workflow. It looks like an excellent concept. The deck labored; it helped Juro elevate a nice stack of {dollars}. However is its deck any good? Let’s take a more in-depth look.
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Slides on this deck
The corporate used a 15-slide deck, which it shared with TechCrunch, making just some mild redactions. All of the slides are there, however the firm blurred out a part of its future highway map and the precise numbers for the financials.
- Cowl slide
- “It takes ~5 instruments to course of only one contract” — drawback slide
- “Initiating contracts in MS Phrase recordsdata compounds the ache” — drawback slide
- “We’re making contracts browser-native” — answer slide
- “Corporations are switching to Juro’s browser-native format” — traction slide
- “ARR is at $XXm+, rising predictably and sustainably” — monetary traction slide
- “We‘re the one all-in-one system adopted by authorized groups” — competitors slide
- “We’ve a repeatable GTM engine, pushed by inbound” — buyer acquisition slide
- “Whereas churn is trending strongly downwards” — retention slide
- “Our group of champions compounds development” — buyer slide
- “Serving to us develop ARR with a land/increase movement” — go-to-market/market-expansion slide
- “We’ve an skilled staff on board and engaged” — staff slide
- “With a observe file of capital effectivity” — monetary spotlight and funding companions slide
- “And a wider purpose to grow to be the default technique to agree phrases” — product highway map slide
- Closing slide
Three issues to like
There are lots of actually good issues in regards to the Juro deck, however the readability of its story is a specific spotlight.
Yup, that’s an issue all proper
[Slide 2] Glorious drawback description. Picture Credit: Juro
Anybody who’s needed to take care of contracts, particularly contracts which might be customized or not less than versatile to each buyer, has skilled this drawback in a single type or one other. This exhibits up for everybody who does massive B2B or company offers. In case you’re negotiating with somebody greater than you, it’s possible that their in-house authorized staff has ideas about your contracts and that you just received’t have the ability to use your lovingly crafted boilerplate contracts the best way you had hoped.
For startups, this exhibits up in due diligence occasionally. You each have to have contracts with all of your clients and suppliers and have the ability to find and present the signed variations of them within the due diligence course of if prompted. In case your contracts dwell in your electronic mail or (perhaps) in a shared folder (someplace, hopefully), this could flip right into a aggravating nightmare.
The additional-cool quirk right here is that almost all VC offers fall into this class; the time period sheets are sometimes fairly customary, however by the point the funding paperwork are full, there’s a bunch of customized language that may sneak into every contract, various from deal to deal. The upshot is that this firm would most likely have been a fairly simple promote to lots of VCs which might be taking a look at this deck: Whereas the corporate isn’t particularly for the startup and VC ecosystem, Juro is, not less than partially, fixing an issue each VC has skilled at one time or one other.
If your organization does one thing that VCs are very more likely to be acquainted with, you need to use that to your benefit. It quickens the “this is the reason that is helpful” narrative considerably. What an important perk!
Juuust sufficient product to make sense

[Slide 4] Yessss. That is how we do a product slide. Picture Credit: Juro
Numerous startups fall for the temptation to spend means an excessive amount of time speaking about their product. The product is necessary, after all, however not often as necessary as founders suppose it’s. This can be a Collection B deck, and Juro tells the proper story right here: You probably have lots of clients (and, as we are going to observe in only a second, Juro does), you don’t have to spend so much of time in your product. The purchasers find it irresistible, they’re providing you with cash and they’re staying. For Collection B, we’re speaking about development. Sure, the product needs to be adequate to not actively scare clients away, however should you can signal them up and maintain them round, you’re on the proper path, not less than.
On this slide, Juro shares simply sufficient element so buyers can get a high-level overview of what the product is and what the advantages are. Very effectively completed, and it retains issues at a excessive sufficient degree to make all of it fairly simple to know. Effectively completed!
As a startup, what you may be taught from this slide is to not get slowed down within the particulars. Maintain it so simple as you may. With my pitch teaching shoppers, I generally problem them to inform the complete story with out mentioning the product as soon as. A bit excessive, after all, however it helps strengthen each different a part of the story sufficiently to the purpose that after you add product again in, it takes on the suitable period of time and vitality in a pitch.
Traction, traction, traction

[Side 5] In case you might use a single slide to boost capital, it might appear like this. Picture Credit: Juro
If Juro has “variety of contracts signed” as its most necessary KPI, this graph is outstanding.
Traction is the single most important slide you will have in your pitch deck. You probably have it, lead with it as early as you may. Effectively, we’ve made it to slip 5 in Juro’s pitch deck and we’ve already talked in regards to the slides that preceded it. Realistically, that is the earliest the corporate might speak about how effectively it’s doing. And goodness, is it ever — that’s as exponential a graph as you will note for any startup, and if Juro has “variety of contracts signed” as its most necessary KPI, this graph is outstanding.
You’ll have observed the “if” within the above sentence. As an investor, I like this graph. I like that the corporate is increasing quickly. However there’s a quirk right here: According to its pricing page, the corporate doesn’t immediately earn more money if it offers with extra contracts. After all, the 2 will probably be strongly associated, however I’d have cherished to see a extra direct traction metric right here. ARR, maybe. Variety of paying clients. Main with a ravishing graph for a secondary KPI all the time comes throughout as slightly suspect. I’m letting them get away with it right here as a result of slides 6 and seven cowl the corporate’s ARR development, which is the actual metric numbers-driven VCs will care about.
The lesson? Watch out which metrics you lead with. Some are necessary internally however much less necessary to buyers. Some will probably be beneficial to sure elements of the enterprise (time to buyer assist ticket closure and system uptime, for instance, are essential to customer support and technical operations groups), however it appears curious to see them present up in pitch decks.
In the remainder of this teardown, we’ll check out three issues Juro might have improved or completed in another way, together with its full pitch deck!