- The curse of knowlege: the statements means a lot to the person who wrote it, but the boiled down summary sentence fails to convey the complex thoughts to a cold audience
- Generic, hollow language, buzz words in a sentence that is far too long (the attached is an example generated by the hilarious Automated Dilbert Mission Statement Generator, but it seems that they took down the link).
- Lack of credibility (a French bank claiming that it is the most customer service oriented institution on the planet will be greeted by laughter)
Mission statements can be great as a group exercise to think about your company, what you stand for and what you want to achieve. But unless you are working to put a man on the moon by the end of the decade, they are hardly ever worth putting up as a slide if you only have 20 minutes to get your audience excited about your idea.
This blog post is one in a series in which I describe the full length "speaker notes" to the somewhat minimalist slides in my presentation about VC pitch presentations for entrepreneurs.