333x Filetype PPT File size 0.03 MB Source: www.andrew.cmu.edu
What are they?
Imagine you are in an elevator with someone
who is important to your business.
You have from the time you both get on until
the time he/she gets out to convince that
person that yours is a great business
opportunity and warrants that person’s
involvement.
Typically, elevator pitches are < 30 seconds
in length.
Who is this person?
Investor
Customer
Business partner
Key politician
Someone who can help you network
Any other person who may be useful to help
you realize your business opportunity.
The Goal:
Your goal in the pitch is not to sell.
No one will write a check after hearing an
elevator pitch.
Your goal is to intrigue.
If you have succeeded, you will get an
invitation to talk/meet later and/or send a
business plan.
What to say:
Make the most powerful argument you can in
that time.
Use aspects of your mission statement and
core business concept.
Reference any recognized assets you may
have. (Patents, technologies, customer
validation, core competencies, etc.)
In general, give the most attractive statement
you can in < 30 seconds.
What is attractive?
If your targeted market is large, say so and
give an impressive figure.
If your competition is failing, say so but also
be sure to say why you are better.
Mention your key strengths and opportunities.
Make sure you appear to be an expert in your
field.
Make sure you look and sound like you did
your homework.
no reviews yet
Please Login to review.