On our weekly pitch program, we see companies in a large array of markets, six-figure deals and a cringey tagline from
among the judges. Grow Your Company, Not Your Inbox
Stay notified and join our day-to-day newsletter now!
November 4, 2020 2 minutes read Entrepreneur Elevator Pitch invites enthusiastic business owners to enter the Business owner Elevator, and thenprovides just one minute to pique the interest of a group of judges. It’s a high-pressure, fast-paced environment in which start-up creators require to race against the clock while preserving their composure to make a clear, intentional pitch that covers at least 3 essential elements: Defining the business Making the request Defining what the financial investment money will be used for The investors view the pitch through a video livestream while the elevator rises to the conference room floor. Once the 60 seconds are up, the judges vote on whether to
- open the doors or
- send out the creator
- pull back and hand down investing.Peter Goldberg, creator of PLG Ventures, opens this episode of Elevator Pitch by introducing our 4 financiers: serial business owner Kim Perell; Abyah Wynn, handling partner of Twenty65 Fund; Elaine Russell, co-lead of Greycroft’s Albertsons Fund; and Ross O’Brien, managing partner of Entrepreneur Select.
Each of the four judges are working from their office or homes, watching the pitches over livestream. Goldberg then explains something of note about this specific episode, which is that it features only minority-owned businesses. Related: Elevator Pitch Ep. 3: How Does It Feel to Make a Million-Dollar Deal?We start this episode with Julie Poitras-Saulnier and David Cote, the co-founders of Loop Objective, who provide an effective pitch that hits on several important aspects of the business. Perhaps the most crucial, as Perell notes, is the business’s finances. Loop’s earnings has doubled every year,resulting in $10 million in revenue in 2020 and a valuation of$30 million. Wynn keeps in mind that what jumped out to her was the company’s objective, which is to minimize food waste in North America by building factories within industry plants to utilize declined produce to produce cold-press juices, soaps and more.Will the pitch suffice to attract any of the four financiers into hearing more? And if so, how can the Loop Mission co-founders convince the judges to provide the$3 million they’re seeking?Next comes a pitch from a company seeking to become the IMDB of sports. The only problem? Three of the four judges on today’s panel think this sort of market is outside their wheelhouse. Will Ryan Rottman and OSDB Sports find a buyer with the one staying investor?Click play to learn and see more excellent pitches. 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.