So now you’ve told me who you are and why it is relevant to what you do. You’ve given me the 60 second version of what you do in a single slide. Now it is time for the “problem definition.” I often think this is a good time for a 1 minute diversion of how you got the idea in the first place (if it wasn’t covered in your bio). I think that the “how we got started” adds a nice human touch to the pitch. As the VC we’re wondering anyways. It’s the most obvious thing in our minds, “how did you decide to do THIS?” Just avoid creating a fake story that this was your life’s passion if it wasn’t. It will come across as insincere. If it’s a boring story, just lay the truth on us and move on quickly.