"I love seeing first-time entrepreneurs, but what I love even more is seeing two- and three-time entrepreneurs who have had successful exits!"
So says investor Kim Perell on this new episode of Entrepreneur Elevator Pitch, where we learn if contestants with a track record of success can find their way into our panel members’ hearts (and wallets) faster than first-timers. Although Kim is impressed with a contestant’s history of wins, investor Jonathan Hung isn’t quite as sold. "Just because you had an exit doesn’t mean you were successful," he notes.
This is another episode packed with lessons that anyone hoping to fund their dream business needs to learn. As long-time viewers know, every episode of Entrepreneur Elevator Pitch gives contestants the chance to step into an elevator and try to win over investors in just 60 seconds. If they blow it? It’s back to the drawing board. But if the pitch goes great, life-changing money is on the table.
And speaking of putting things on the table, Marc Randolph gives us a peek inside the investor mind, admitting that he has to fight his tendency to be overly optimistic about some opportunities, and in a later segment, revealing the business category that never ceases to spook him. "Some people are scared of heights, some people are scared of dogs," he says. "I am scared of healthcare."
The investors have no idea what business pitch is coming next, and the contestants have no idea if they’re about to say the words that will have our panel ponying up funds or passing. When one entrepreneur expresses a desire to go global with their product, find out if investors are impressed with the grand vision or if they get turned off by a perceived lack of market focus. Watch now to see what happens!
00:00 – Intro
0:59 – MyCabinet – virtual care giving
9:34 – Momper Romper – enhanced maternity apparel
13:04 – Salsa God – grab-and-go salsa combos
Are you as passionate as you say you are? If you think you have what it takes to be on Elevator Pitch, click here: https://entm.ag/eepapply
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Season 9 of Entrepreneur Elevator Pitch is presented by by Amazon Business with support from State Farm. New episodes stream Wednesdays through August 2023.
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