Subscribe to Entrepreneur for $5
Subscribe

Elevator Pitch Ep. 1: What Could You Build With Another $500,000?

The premiere episode of our weekly pitch show's sixth season begins with space-saving gardens, a healthcare startup and a multi-million dollar sexual wellness company.

By

Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, and then gives them just 60 seconds to pique the interest of a group of judges. It’s a high-pressure, fast-paced environment in which startup founders need to race against 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 via a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the judges vote on whether to open the doors or send the founder back down and pass on investing.

Peter Goldberg, founder of PLG Ventures, opens the sixth season of Elevator Pitch by introducing our four investors: Alison Wyatt, CEO and founder of Female Founder Collective; Abyah Wynn, managing partner of Twenty65 Fund; Marlon Nichols, managing partner of Mac Venture Capital; and Ross O'Brien, managing partner of Entrepreneur Select. Out of necessity, each of the four judges are working from their homes or offices, rather than working in the same boardroom, watching the pitches over livestream.

Related: Entrepreneur Elevator Pitch Season 5 Episode 12: 'You're Going to Get Told 'No' 10,000 Times'

The first pitch of season six comes from Riley Kuffner and Randall Shapiro, co-founders of Miravel, an autonomous horticulture company that aims to help the average person or business grow gardens that can produce two pounds of fresh food, even in crowded spaces. 

Miravel launched its product at CES, where it was named one of the five coolest startups by none other than Entrepreneur Magazine. The pair of co-founders explain the goals of their business and reveal they have sold 75 units to date of their product, which raises questions about their revenue and profit margins. 

Then comes the big ask: $100,000 in exchange for a 20 percent discount on seed funding. Will the 60-second pitch be enough to tempt the investors into offering six figures? Can Kuffner and Shapiro at least intrigue the judges enough to open the metaphorical elevator doors and learn more about Miravel?

Watch now to find the answer and see other great pitches, including one from the multi-million-dollar sexual wellness company, Unbound, and its founder, Polly Rodriguez.

Latest

You've Got a Great Invention. Now How Do You Get People to Buy It?

It's a good idea to start a business by solving a problem, but make sure to consider who is actually paying for your solution.

How to Create Video Content People Will Actually Watch

The founder of Patrice Poltzer Creative shares video tips that will help you attract your audience and keep them engaged.

This Entrepreneur Maxed Out His Credit Cards to Build a Business That Helps Companies Protect their Data

The president and CEO of Data443 shares how his company secures and manages organizational data wherever it exists.

How This Doctor-Turned-Entrepreneur is Trying to Change the World Through Play

The CEO of In KidZ shares how she's trying to make inclusion a daily part of family life with her culture-focused company.

How to Lead Calmly and Effectively While Your Business Experiences Growth

The co-founder and CEO of Komodor discusses his company's journey and his advice for entrepreneurs who find themselves in the spotlight overnight.

This Meta Leader Has Interviewed More Than 300 Job Candidates. Here are Her Pro Tips to Help You Nail Your Next Job Interview.

Meta's head of Global Environmental, Social, and Governance Business shares her dos and don'ts when it comes to the phases of a job interview.

This No-Code Platform Just Closed a $55.5 Million Round B

The co-founder and CEO of EasySend shares how his company creates digital customer journeys and his advice for entrepreneurs looking to break through the noise.

This SaaS Founder Sold His Business to Oracle for $9.3 Billion

In November 2016, NetSuite was acquired for $9.3 billion. Founder Evan Goldberg explains how it happened.

These Founders Started Their Company With a $300 Investment. They've Now Done $1 Million in Profits.

Watch this exciting episode of 'Entrepreneur Elevator Pitch' to learn about Canadian legging company Rose Buddha and see which hopefuls are able to land investor capital.

This Digital Campaign Celebrates the Fast-Growing Workforce of Web Creators

Elementor's VP of Marketing discusses the company's digital campaign and how web creators fit into the larger creator economy.

Watch the 60-Second Pitch That Landed a $500,000 Investment

Find out which companies impress our investors on another exciting episode of 'Elevator Pitch.'

Why This CEO Believes Entrepreneurship Is as Important to Learn as Geometry

Ayele Shakur shares her bold plan to make entrepreneurship education a requirement for high-school students and explains why business leaders should get on board.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.

  • An original series streaming weekly where you can Click-to-Invest while you watch. THEIR JOURNEY. Your decision.
  • Your favorite pitch show is back with new entrepreneurs pitching Entrepreneur's investors.
  • Host Nicole Walters interviews small business founders to discuss their unique challenges and experiences running and growing a business. 
  • Jessica Abo covers the causes people care about, the powerful work they do and how they got to where they are in the first place.
  • Bestselling author, Ben Angel, takes his audience on a journey into the entrepreneurial mind to uncover why we do what we do through his powerful short films and educational videos so you can unleash your ideas and potential.
  • Watch our staff interview top entrepreneurs and report on location in these Entrepreneur.com exclusive videos.