Friday, September 15, 2017

Top 7 Tips to Nail Your Elevator Pitch

In an era of increasingly short attention spans by most people it is important for entrepreneurs to refine their “elevator pitch” or 2-minute speech on their start-up. At the first event in the Empress.world Fall 2017 Business Innovation Series, held in NYC on 9/12/17, a panel of venture capitalist offered tips on how to do this.


The panel included Byron Ling from Primary Venture Partners, Meghan Cross from Red Bear Angels, Sally Jin from Seed Invest and Todd Breeden from Kiwi Venture Partners.  They offered the following advice to a group of founders who pitched that night:

1.     Explain right upfront what you do / how you do it / show it (if you can) / explain why it is a good business opportunity.
2.     Focus on numbers and key business milestones as well as notable accomplishments – like SKUs and Revenue Targets.
3.     Don’t define yourself by your competition, but do have a good sense of your competitive space.
4.     As the founder - emphasize your relevant business experience.
5.     Know the size of your addressable / primary target market(s).
6.     Be careful not to say: “there’s nothing like this” – instead focus on what makes your business model unique.
7.     Have a checklist of key points you want to make, and then cover all of them.

A special thanks to the founders who pitched at the event, including Helena Fogarty from MI OLA swimwear – sexy bathing suits that stay on.

Victoria Flores from Lux Beauty Club – luxury hair extensions at affordable prices.

Jean Poh from Swoonery – a luxury marketplace for designer fine jewelry.

Kash Vyas from Perftily – a 3D visualization solution that revolutionizes how people shop for clothing online.

Om Kundu from InSpireAVE – a social e-commerce platform that inspires people to multiply their savings and afford big purchase.




2 comments:

  1. Football is a decent games and numerous individuals like this game and watch his everything match numerous groups are play this games a few wins or some lose however it's interest of the play we know through these websites http://www.infographicdesignservices.com/beautiful-illustrator-infographic-template/ . This group are great group however it's terrible that this season they lose the match in light of the fact that the win most recent seven years and it's enormous wins yet this season they lose the match so it's likewise grasping for them.

    ReplyDelete
  2. There are a few understudies need to correction of their books to read this http://www.outsourceanything.net/faq-what-is-virtual-assistant-services/ site well and get high stamps in exams. Be that as it may, in the event that they are as yet ignorant of this post , they are not fortunate on the grounds that they are losing the best data about the modification of book.

    ReplyDelete