What Do Hip-Hop, Underwear and AI Have in Common? Watch This Episode of 'Elevator Pitch' to Find Out.On this episode of "Entrepreneur Elevator Pitch," things get up close and personal in the boardroom.
Key Takeaways
- Investors want to see traction before they jump on board.
- If you think you can wing it in the boardroom, think again.
- Sometimes a small niche audience can be a huge asset.
If there's one sentence uttered the most in theEntrepreneur Elevator Pitchlobby, it is this: "I should have practiced more."
And this episode is no exception. As one entrepreneur learns, giving your pitch in the comfort of your own home is a lot different than doing it with a camera and countdown clock in your face. You start to sweat, and your mind goes blank — it can be a nightmare.
Related:Watch to See If a Hangover Cure Can Land a $150K Investment in 60 Seconds
And as other entrepreneurs have learned, getting into the boardroom is just step one. Now the hard part begins: selling yourself (and business) to a board of investors who aren't shy about asking tough questions. And if you don't know your numbers backward and forward? Sorry, the exit door is that way.
But if you have that magic combination of a great idea, a passionate personality, and the fearlessness to ask for what you need to succeed? Then alert your bank — a huge investment is on the way!
Episode 3Entrepreneur Elevator PitchBoard of Investors:
- Marc Randolph, co-founder and first CEO of Netflix, master of scaling
- Kim Perell, CEO of 100.co, serial entrepreneur and investor
- CeeLo Green, American Singer, Song Writer, and Record Producer
Episode 3Entrepreneur Elevator Pitchcontestants:
- Roy Scott ofHealthy Hip Hop
- Alexa Suter ofHuha
- Arvin Bhangu ofSuper Intelligence
Season 9 of Entrepreneur Elevator Pitch is presented by Amazon Business with support from State Farm. New episodes stream Wednesdays onentrepreneur.com. Follow Entrepreneur Elevator Pitch onFacebook,YouTube, andInstagram.
