On each episode of Entrepreneur Elevator Pitch, we study new classes about what will get buyers’ consideration and what leaves them yawning. Throughout this week’s present, Marc Randolph, the co-founder of Netflix, explains that touting your capability to get new prospects is okay, however what will get him excited is if you happen to can determine maintain them. “The one-and-done mannequin is the surest signal to me that you’ll piss away all of my cash,” he says. “However construct a machine that may get the identical buyer to return again to purchase over and over and over? Properly that my pal is lifetime worth, and now you are talking my language.”
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As at all times, this episode options three entrepreneurs who step into an elevator and have simply 60 seconds to pitch their enterprise. If our board of buyers likes it, the elevator doorways open and the entrepreneurs are invited in to attempt to make a deal. If the buyers do not dig what they hear? The elevator will get despatched again to the bottom flooring, and the entrepreneurs are despatched packing.
Episode 2 Entrepreneur Elevator Pitch board of buyers:
- Marc Randolph, co-founder and first CEO of Netflix, grasp of scaling
- Kim Perell, CEO of 100.co, serial entrepreneur and investor
- Jonathan Hung, angel investor and enterprise capital accomplice
Episode 2 Entrepreneur Elevator Pitch contestants:
Who wins, and who will get despatched down?
One tech entrepreneur has an intriguing pitch, however will they be capable to persuade the buyers that it is totally different from present platforms? And on different segments, we see a deal-making brawl get away and a shock $10,000 funding from Amazon Enterprise that may change the trajectory of a startup that is making an attempt to do good on the planet. Watch and see who will get what!
Season 9 of Entrepreneur Elevator Pitch is offered by Amazon Enterprise with help from State Farm. New episodes stream Wednesdays on entrepreneur.com. Observe Entrepreneur Elevator Pitch on Facebook, YouTube and Instagram.
Supply: Entrepreneur