A pitch deck is the canonical first artifact of a fundraise. It distills the company's story into 10 to 20 slides that an investor can skim in five minutes and evaluate against their thesis. Standard slides include Problem, Solution, Market, Product, Traction, Business Model, Team, Competition, Ask, and Use of Funds, though order and emphasis vary by stage and sector.
Decks live in two formats: the 'send' deck (read-alone, more text) and the 'present' deck (visual, sparse, supports the founder talking). Investors increasingly prefer send decks because they screen at scale; present decks come into play once a meeting is booked.