Entrepreneur Elevator Pitch Season 6 Episode 1: What Might You Construct With One other $500,000?

Entrepreneur Elevator Pitch Season 6 Episode 1: What Could You Build With Another $500,000?

The premiere episode of our weekly pitch present’s sixth season begins with space-saving gardens, a healthcare startup and a multi-million greenback sexual wellness firm.

14, 2020

2 min learn

Entrepreneur Elevator Pitch invitations bold entrepreneurs to step into the Entrepreneur Elevator, after which provides them simply 60 seconds to pique the curiosity of a gaggle of judges. It’s a high-pressure, fast-paced setting during which startup founders have to race towards the clock whereas sustaining their composure to make a transparent, deliberate pitch that covers no less than three important parts:

  1. Defining the corporate
  2. Making the request
  3. Specifying what the funding cash will probably be used for

The traders watch the pitch through a video livestream whereas the elevator ascends to the boardroom ground. As soon as the 60 seconds are up, the judges vote on whether or not to open the doorways or ship the founder again down and cross on investing.

Peter Goldberg, founding father of PLG Ventures, opens the sixth season of Elevator Pitch by introducing our 4 traders: Alison Wyatt, CEO and founding father of Feminine Founder Collective; Abyah Wynn, managing companion of Twenty65 Fund; Marlon Nichols, managing companion of Mac Enterprise Capital; and Ross O’Brien, managing companion of Entrepreneur Choose. Out of necessity, every of the 4 judges are working from their houses or places of work, quite than working in the identical boardroom, watching the pitches over livestream.

Associated: Entrepreneur Elevator Pitch Season 5 Episode 12: ‘You are Going to Get Advised ‘No’ 10,000 Occasions’

The primary pitch of season six comes from Riley Kuffner and Randall Shapiro, co-founders of Miravel, an autonomous horticulture firm that goals to assist the typical individual or enterprise develop gardens that may produce two kilos of recent meals, even in crowded areas. 

Miravel launched its product at CES, the place it was named one of many 5 coolest startups by none aside from Entrepreneur Journal. The pair of co-founders clarify the targets of their enterprise and reveal they’ve bought 75 models to this point of their product, which raises questions about their income and revenue margins. 

Then comes the large ask: $100,000 in alternate for a 20 % low cost on seed funding. Will the 60-second pitch be sufficient to tempt the traders into providing six figures? Can Kuffner and Shapiro no less than intrigue the judges sufficient to open the metaphorical elevator doorways and be taught extra about Miravel?

Click on play to search out the reply and see different nice pitches, together with one from the multi-million-dollar sexual wellness firm, Unbound, and its founder, Polly Rodriguez.

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