In every episode Elevator for entrepreneurs, we learn recent things about what attracts investors’ attention and what makes them yawn. During this week’s show, Marc Randolph, co-founder of Netflix, explains that it’s superb to advertise your ability to get recent customers, but what excites him is you could work out how to keep them. “One and prepared model is the surest sign for me that you just’re going to piss all my money off,” he says. “But construct a machine that may keep the same customer coming back and buying over and all over again? Well my friend is a lifetime asset and now you speak my language.”
Related: Watch to see if a hangover cure could yield a $150,000 investment in 60 seconds
As usual, this episode features three entrepreneurs who enter the elevator and have just 60 seconds to present their company. If this pleases our board of investors, the elevator doors open and entrepreneurs are invited to try to make a deal. If investors don’t copy what they hear? The elevator is distributed back to the ground floor and the entrepreneurs are sent to pack.
Episode 2 Elevator for entrepreneurs investor advice:
- Brand Randolphco-founder and first CEO of Netflix, master of scaling
- Kim PerellCEO of 100.co, serial entrepreneur and investor
- Jonathan Hungbusiness angel and enterprise capital partner
Episode 2 Elevator for entrepreneurs participants:
Who wins and who gets exiled?
One tech entrepreneur has an intriguing proposition, but will he give you the chance to persuade investors that it’s different from existing platforms? And in other segments, we see a brawl break out and a surprise $10,000 investment from Amazon Business that can change the trajectory of a startup trying to do good in the world. Watch and see who gets what!
Season 9 of Entrepreneur Elevator Pitch is presented by Amazon Business with the support of State Farm. Recent episodes are broadcast on Wednesdays on Przedsiebiera.com. Follow Entrepreneur Elevator Pitch on Facebook, YouTube AND Instagram.