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Despite all the various communication tools we have at our disposal - email, Skype, phone, video conferencing, instant messaging - nothing beats a face-to-face meeting. And when it comes to pitching to a potential investor, a face-to-face interaction is coveted and more often than not crucial.

But face-to-face meetings aren't always possible, due to timing or logistics. So can you - should you - pitch over the phone?

Fred Wilson wrote a blog post on phone pitches last week, advising entrepreneurs not to make them. He contends that "they aren't very effective. I hate taking them and almost never do. I don't think they allow the entrepreneur to show themselves very well which is the most important thing of all."