The best episode of our weekly pitch show’s 6th season begins with space-saving gardens, a health care start-up and, that’s right, a multi-million dollar sexual wellness company. Grow Your Company, Not Your Inbox Stay notified and join our daily newsletter now! October 14, 2020
2 minutes read
Business owner Elevator Pitch invites ambitious business owners to step into the Entrepreneur Elevator, and then provides just one minute to pique the interest of a group of judges. It’s a high-pressure, busy environment in which start-up founders require to race versus the clock while keeping their composure to make a clear, intentional pitch that covers a minimum of three essential components:
The investors enjoy the pitch by means of a video livestream while the elevator rises to the boardroom flooring. Once the 60 seconds are up, the judges vote on whether to open the doors or send the creator back down and pass on investing.Peter Goldberg, founder of PLG Ventures, opens the sixth season of Elevator Pitch by introducing our 4 financiers: Alison Wyatt, CEO and creator of Female Founder Collective; Abyah Wynn, managing partner of Twenty65 Fund; Marlon Nichols, handling partner of Mac Equity capital; and Ross O’Brien, managing partner of Entrepreneur Select. Out of need, each of the four judges are working from their workplaces or homes, rather than operating in the exact same boardroom, viewing the pitches over livestream.Related: Business owner Elevator Pitch Season 5 Episode 12:’You’re Going to Get Told’No’10,000 Times’The very first pitch of season six originates from Riley Kuffner and Randall Shapiro, co-founders of Miravel, a self-governing gardening company that aims to help the typical individual or business grow gardens that can produce 2 pounds of fresh food, even in crowded spaces. Miravel launched its product at CES, where it was called one of the five coolest start-ups by none other than Entrepreneur Publication.
The pair of co-founders discuss the goals of their service and reveal they have offered 75 systems to date of their item, which raises questions about their income and earnings margins. Comes the huge ask:$ 100,000 in exchange for a 20 percent discount rate on seed financing. Will the 60-second pitch be enough to tempt the investors into using 6 figures? Can Kuffner and Shapiro
a minimum of intrigue the judges enough to open the metaphorical elevator doors and learn more about Miravel?Click play to discover the answer and see other great pitches, consisting of one from the multi-million-dollar sexual health company, Unbound, and its creator, Polly Rodriguez. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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