Welcome again, Elevator Pitchers! That is the premiere episode of season 9, and it kicks off with huge concepts and massive cash. However earlier than we get into the small print of what went down, let’s have a fast reminder of the principles:
Entrepreneur Elevator Pitch is an exciting and dynamic tv present that brings collectively aspiring entrepreneurs and a panel of seasoned buyers in search of the following huge factor. The premise is straightforward: Entrepreneurs step into an elevator and have simply 60 seconds to pitch their enterprise to a digital camera. On the opposite facet of that digital camera is our board of buyers. In the event that they like what they hear, the elevator doorways open and a spherical of high-intensity negotiating begins. If they do not? The elevator will get despatched again to the bottom flooring with no deal. It is easy, it is intense, it is Elevator Pitch.
Associated: Would You Say No to a $2 Million Funding Provide?
Episode 1 Entrepreneur Elevator Pitch Board of Traders:
- Marc Randolph, co-founder and first CEO of Netflix, grasp of scaling
- Kim Perell, CEO of 100.co, serial entrepreneur and investor
- Jonathan Hung, Angel investor and Managing Accomplice of Entrepreneur Enterprise Fund
Episode 1 Entrepreneur Elevator Pitch contestants:
Associated: The Shock Transfer That Resulted in a $100K Funding
Who wins, and who will get despatched down?
Time strikes in a different way within the elevator — generally it runs out earlier than entrepreneurs can get to their ask and generally entrepreneurs discover themselves with time to kill. Managing the clock is simply one of many million issues contestants want be occupied with, and generally they get overwhelmed within the elevator, as one pitcher found. However in one other section, two entrepreneurs handle all of it — and handle to stroll out with a company-changing funding.
Season 9 of Entrepreneur Elevator Pitch is offered by Amazon Enterprise with assist from State Farm. New episodes stream Wednesdays on entrepreneur.com. Comply with Entrepreneur Elevator Pitch on Fb, YouTube and IGTV.