Vol. I · No. 01

Makersfuel

A real publication for serious AI buildersFounders building with AIEst. MMXXVI
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Pitch Decks · 4 min read

LinkedIn Pitch Deck

August 2004: ~900K users, no real revenue, and no "we're raising $X" slide anywhere. The deck Reid Hoffman used to raise LinkedIn's Series B made one idea — the network is the product — carry the entire pitch. Here are the eight moves, slide by slide.

By Shreyans Bhansali · May 28, 2026
LinkedIn — Makersfuel pitch-deck teardown

August 2004. LinkedIn has about 900,000 users, no real revenue, and a $4.7M Series A already in the bank. This is the deck Reid Hoffman used to raise the Series B — 37 slides, almost every one the same idea applied somewhere new: the network is the product. Here's how one thesis carried a whole raise.

LinkedIn pitch deck — slide 4
Slide 4

Move #1 — pick one idea and repeat it until it's undeniable. The thesis is on slide 4: Internet 1.0 searched flat directories; Internet 2.0 searches networks. That's the whole argument. Every later slide applies it to a new domain — payments, people search, jobs, ads. A deck that argues one thing well beats a deck that argues seven things adequately.