Get All Access for $5/mo

Entrepreneur Elevator Pitch Season 4 Episode 7: 'Open the Doors, Let's Talk' This episode features some of the best pitches in the show's history.

By Matthew McCreary

Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them 60 seconds to pique the judges' interest. It's a high-pressure, fast-paced environment in which startup founders need to race the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components:

  1. Defining the company
  2. Making the request
  3. Specifying what the investment money will be used for

The investors watch the pitch through a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the group votes on whether to open the doors or send the founder back down and pass on investing.

Related: Entrepreneur Elevator Pitch Season 4 Episode 6: How to Make a Million-Dollar Deal

This episode starts off with a (nearly literal) bang, as a food-based entrepreneur asks, "Have you ever had an edible orgasm?" The simple question draws the attention of the judges immediately, making a strong impression that helps get him inside the boardroom. However, the investors still have questions about the scalability of the business in question due to its niche status. Will this entrepreneur be able to back up his big talk and make a deal, or will he walk away empty-handed?

Next up is an entrepreneur who claims that she's democratizing the filmmaking business by creating a platform where private owners of high-tech gear can loan it to independent content creators. Her ambitious vision for the company sells investor Kathleen Griffith right away, but Lindsay McCormick is skeptical. Which one of them ends up being swayed by the end?

After that, the judges offer three quick tips you should use in your pitch, related to how you should illustrate your business's relationship to its competitors:

  1. Start by realizing that every business has competition.
  2. That competition can be either direct or indirect, and you need to address both.
  3. Show how you are different from the other offers out there.

Click play to see more tips, the answers for the questions above and the rest of this episode's pitches.

Entrepreneur Elevator Pitch in partnership with Sports 1 Marketing streams Wednesdays on entrepreneur.com. Follow Entrepreneur Elevator Pitch on Facebook, YouTube and IGTV.

Matthew McCreary

Entrepreneur Staff

Associate Editor, Contributed Content

Matthew McCreary is the associate editor for contributed content at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Entrepreneur Elevator Pitch

Will Investors Bite on a Pizza Wallet? Find Out on the Wild Season Finale of 'Elevator Pitch.'

'Elevator Pitch' Meltdown: Watch the Moment That Broke This Entrepreneur's Brain

A Near-Tragedy Spurred This Dad's Invention — Now Worth Millions

A Scary Shopping Experience Inspired This Entrepreneur to Launch Her Own Brand. Now It's Done Over $5 Million In Sales.

Editor's Pick

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.