Your deck usually meets the investor before you do. United Ventures, an independent venture capital firm in Milan, takes proposals through a form on its homepage: a short description of the company, your funding needs, and a field that reads ‘Attach your pitch deck’. P101, also in Milan, says it likes to meet founders, ‘but first you can send us your idea by filling the dedicated form’.
So the dull parts count as well: the file, the few lines above it, the way you chase a week later. Below is how we’d send your pitch deck to investors, in order. Which version goes out first. PDF or link. Then the email, six lines long, written out in full. NDAs come after that, and last the follow-up, where it’s easy either to vanish or to nag. If this is your very first raise, read the beginner’s map from zero to a first round before this one.
In short
- Before a first meeting, send a short deck that works without you, and the full presentation deck only after it. Hustle Fund suggests around five slides for the first, about ten for the second.
- Investors skim: 2 minutes 24 seconds per deck was DocSend’s average for late 2023, its lowest yet, and in April 2025 it was still writing ‘less than 3 minutes’.
- A PDF opens anywhere and forwards easily. With a DocSend link you can swap in a corrected file, make the link expire and see the time spent on each page. On a personal account, Gmail stops at 25 MB of attachments.
- The pitch deck email fits in five or six lines. What you do comes first, then a single number that proves it, the round, the reason you picked this investor and, at the bottom, the deck.
- Don’t ask for an NDA: Cooley says professional investors ‘nearly always refuse’ to sign one. Follow up the same day after a meeting, and about a week after an unanswered cold email.
Send deck vs presentation deck: which one goes in the email?
A pitch deck is the short slide presentation that tells investors what you’re building and why it could get big. Most founders have one. The trouble is that it was usually designed to be presented, with you talking over every slide. The deck you email has to survive with nobody in the room.
Look at how an Italian angel network filters. Italian Angels for Growth examines about 100 deals every two months. According to its startup page, 25% reach a screening meeting with member angels, 3% get to pitch at the plenary meeting where members pledge money, and 2% end in an investment. That’s a lot of reading before anyone writes a cheque.
Y Combinator’s seed guide says the same from the investor’s side: the deck should be ‘a coherent leave-behind’ that VCs can show to partners who never met you. Hustle Fund, which backs pre-seed software startups, splits the job in two. Its email deck has ‘around five slides’ and exists to get the meeting; the presentation deck runs to about ten, plus an appendix. The rule: ‘never send your 20-slide presentation deck cold.’
Why so short? Because the reading is quick. DocSend, whose links track how decks are viewed, measured 2 minutes 24 seconds per deck in the last quarter of 2023, an all-time low, and in April 2025 still said ‘less than 3 minutes’. Could a stranger explain your company after three minutes alone with your slides?
A send deck needs a few things a presentation deck can skip:
- Slide titles that state the point. A title such as ’38 clinics now pay monthly’ carries the story on its own; ‘Traction’ doesn’t.
- A date and a unit next to every number, and a source under any market figure.
- No slide that only works with your voice over it, like a lone photo or one big word.
- Your name and email on the last slide, plus how much you’re raising, because decks get forwarded without the email they came with.
Still unsure about the deck itself? Hold it up against the pitch deck structure investors expect, slide by slide, then go through the ten mistakes that make investors say no fast. Want a second reader before the first send? Our pitch deck review gives you a one-page investor read, notes on every slide and the five changes to make first, in 3 to 7 working days.
How to send your pitch deck: PDF or link?
There are four common ways to share a pitch deck. Each one trades convenience for control.
| Option | What you get | What to watch |
|---|---|---|
| PDF attachment | Opens on any phone or laptop, no login, easy to forward to partners | Once sent, it can’t be fixed or withdrawn, and you won’t know if it was opened. Personal Gmail caps attachments at 25 MB |
| DocSend link | Time per page, a drop-off report by page, passcode, expiry date, optional email gate; you can replace the file behind the same link | An email gate adds a step for the investor. Visit time keeps counting while the page is on screen, even if nobody is reading |
| Google Drive link | Free and familiar: share it as ‘Anyone with the link’ | Anyone with the link can open it without signing in, and viewers can download it unless you switch that off |
| Pitch link | Visit length and slides viewed; passcode, email request, PDF download and expiry on external links | A paid feature. Visitors can be asked for consent, and if they decline, the data may not appear |
Which do we suggest? For a first send, a PDF or a link with no email gate and downloads allowed, one link per investor so the analytics tell you who read what. After a meeting, when the deck will travel around the fund, a PDF is the friendliest choice.
A link also forgives mistakes. DocSend’s help pages say that replacing a file ‘updates it everywhere it’s used, including existing links’, though nobody is told it changed, so mention the new version in your next email. Read its numbers with care. Visit time counts whenever the page sits at the front of the screen. Someone who wanders off for five minutes (DocSend’s own example) still racks up those five minutes.
File name, size and date
File names seem trivial. We’ve all opened a ‘deck_final_v7.pdf’, though, and months later, in a downloads folder full of lookalikes, it could be anyone’s. Yours should read ‘YourCompany_Deck_2026-10.pdf’, with that month on the cover too. Otherwise someone in March will judge October’s numbers as if they were current.
Size is the other trap. On a personal account Gmail takes 25 MB of attachments at most, and anything bigger gets pulled out and swapped for a Google Drive link. Microsoft’s default is 35 MB out and 36 MB in, but the fund’s administrator can set the cap anywhere from 1 MB to 150 MB, and you won’t know which. So shrink the images before exporting.
Italian or English: which language for the deck?
If you’re raising in Italy, should the deck be in Italian? Usually not, or not only. Growth Capital and Italian Tech Alliance put international participation in Italian venture rounds at 46% in 2025. Back in 2020 it was 24%. Every deal above €20 million last year had at least one foreign investor in it. And notice that the United Ventures and P101 pages from the top of this guide are in English.
We write decks in English and keep amounts in euro. Write the month in letters, too, since an American who sees 8/10/26 will think it’s August. If an Italian angel group or a regional programme wants Italian, make them a separate version. Just never mix the two languages in one file.
The pitch deck email: six lines, with an example
The email has one job: getting the deck opened by the right person. Paul Graham told Y Combinator applicants to say what they do ‘right in the first sentence, in the simplest possible terms’, and that works for an investor’s inbox too. Your opening line is your one-liner. One sentence: what you make, and who it’s for.
| Line | Its job | Example (invented) |
|---|---|---|
| Subject | What you do, one number, the round | Booking software for dental clinics: 38 paying, raising €300k |
| 1 | The one-liner | We make booking and reminder software for private dental clinics in Italy. |
| 2 | One proof point, with a date | Since March, 38 clinics pay us €120 a month, and none has cancelled. |
| 3 | The round | We’re raising €300,000 to reach 150 clinics in 18 months. |
| 4 | Why this investor | You’ve backed two health software companies at pre-seed. |
| 5 | The deck and a next step | Deck attached (12 slides). Could we talk for 20 minutes next week? |
That’s all. No paragraph on the team’s passion, no ‘NDA required’, no attachment and link at once. If someone can introduce you, use them: Y Combinator’s guide calls a warm introduction ‘by far the best way’ to meet an investor. Without one, our guide to writing a cold email to investors that gets read goes further. Some investors will ask for something even shorter than a deck. For them, write a one-page summary of your startup.
Should you ask investors to sign an NDA?
No. An NDA, or non-disclosure agreement, is a contract obliging the reader to keep your information confidential, and for a first look at a deck venture investors almost never sign one. Cooley, the US law firm, writes that ‘professional investors nearly always refuse to sign NDAs’ and that founders who ask ‘may come across as inexperienced and naïve’. Wilson Sonsini says ‘Most VCs are unwilling to sign NDAs’, partly because one could limit their freedom to invest in your sector. Y Combinator lists ‘Ask for an NDA’ among the things not to do.
Protect yourself in the deck instead. If a competitor got hold of it, what would hurt? The unpatented method, probably, or the formula, or what your biggest customer pays. Leave those out and describe what the technology achieves rather than how it works. Later in a process Cooley does make room for exceptions, such as a limited NDA when your core IP isn’t patented yet, written for that conversation by a lawyer rather than pulled from a generic form.
How to follow up with investors, and when to stop
Write the follow-up on the day of the meeting, ideally within the hour. Hustle Fund’s Eric Bahn, who pitches investors for the fund itself, sends his note ‘as quickly as possible. Sometimes within minutes of hanging up.’ Include everything you promised: the full deck, the pilot data, the answer you didn’t have in the room. Now the presentation deck goes out, never the short email version.
A cold email with no reply is different. Wait about a week, then answer in the same thread with one new fact: a clinic signed, a pilot started. ‘Just checking in’ gives the investor nothing to react to. After a few attempts, Hustle Commons suggests a last line saying you’ll stop writing, since you’re ‘simply looking for a confirmation’. Persistence pays now and then: Bahn once pinged an investor 12 times, and on the 13th email that person committed capital.
A ‘not now’ is worth keeping. Add those investors to your monthly update, using our investor update template with a full example, and write again when the numbers have moved.
None of this works from memory. Log every send in one place: date, deck version, link opened or not, reply, next step, next follow-up date. A spreadsheet is enough. Our guide to running an investor pipeline shows the stages, and the investor CRM template on our site comes with fit scoring and follow-up dates. Short on names? Build your target list of investors first.
Checklist: before you press send
- Cut a send deck that a stranger can follow in three minutes. Keep the full deck for after the call.
- Export it to PDF, open it on your phone, and name it company, deck, month.
- Attachment or link? If it’s a link: one per investor, no email gate, downloads allowed.
- Write the email in five or six lines and read it aloud once.
- Take out anything you’d want an NDA for.
- Log the send in your pipeline with a follow-up date.
- After every meeting, send the full deck and what you promised the same day.
Should I send my pitch deck as a PDF or a link?
Both work. A PDF is the simplest to open and forward; a DocSend link lets you replace the file and see the time spent on each page.
Should I send the full pitch deck before the first meeting?
No. Send a short deck that stands on its own, and keep the full presentation deck for after the call.
How long do investors spend on a pitch deck?
Under three minutes on average, according to DocSend: 2 minutes 24 seconds per deck in the last quarter of 2023, its all-time low.
Do VCs sign NDAs?
Almost never for a first look. Cooley says professional investors ‘nearly always refuse’, so leave confidential details out of the deck.
When should I follow up with an investor?
The same day after a meeting. After an unanswered cold email, wait about a week and write again with news; after a few attempts, send a polite last note.
This article is general information, not legal advice. Before you share unpatented technology or sign a confidentiality agreement, ask a lawyer.
Adaxit
About to send your deck? Let an investor’s eye read it first: a one-page investor read, notes on every slide and the five changes to make first, in 3 to 7 working days.
Sources
- United Ventures, homepage and proposal form, P101, Contact and Italian Angels for Growth, Startup, consulted 8 October 2026
- Y Combinator, Geoff Ralston, A Guide to Seed Fundraising, 7 January 2016; Paul Graham, How to Apply to Y Combinator, consulted 8 October 2026
- DocSend 2023 year-end data, press release via Stock Titan, 17 January 2024; DocSend, How to create a pitch deck that will wow investors, 1 April 2025
- Dropbox DocSend help: Link settings, 3 February 2026; Update existing content, 27 August 2026; Visitor time tracking, 9 December 2025; Document performance, 9 February 2026
- Cooley GO, Should You Require a Signed NDA from a Potential VC Investor?, last reviewed 14 June 2023; Wilson Sonsini, Should you require a signed NDA from a potential VC investor?, consulted 8 October 2026
- Hustle Fund, Email deck vs presentation deck, 18 December 2025; Hustle Commons, How to follow up after your first pitch, 10 April 2026
- Gmail Help, Send attachments and Google Drive Help, Share files, consulted 8 October 2026; Microsoft Learn, Exchange Online limits, 7 April 2026; Pitch help: Share an external link, 5 May 2026, and View presentation analytics, 12 September 2024
- Startupbusiness, Venture capital in Italy: €1.735 billion invested in 2025 (Growth Capital and Italian Tech Alliance data), 22 January 2026
For information only: this is not investment advice or a public offer.



