Comments on: Perfect Your Elevator Pitch With StartupNation! http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation The DIY source for aspiring entrepreneurs. Sun, 13 May 2012 15:33:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Sam http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-14686 Sam Mon, 06 Jun 2011 00:48:00 +0000 http://theclosetentrepreneur.com/?p=707#comment-14686 Excellent article about fine tuning your elevator pitch. I've been an entrepreneur (and now angel investor) for 15 years and couldn't agree more. I highly recommend first fine tuning your pitch (and business plan and built a prototype) with angel investors and angel investor groups first before going to venture capital firms. Best angel resources in my recommendation are: PrivCo.com (http://www.privco.com/investors) and Angel.co. (PrivCo is free and includes Angel Investor groups, which are frankly better leads than individual angels. Angel.co is primarily individuals, and also charges you to contact people directly). AIGs are better leads than individualpeople because they pool their money to make an investment so, say, a $250,000 investment may be made with 10 of the group participating at just $25,000 each. It's a much lower hurdle to climb than convincing an angel to write a check for $250,000. Angel Investor Groups will typically hold periodic live presentations or will distribute new opportunities to their members via email monthly etc. with interested parties subscribing to an investment funding proportionately. It's far more efficient. And the stamp of approval from say "New York Band of Angels" is a better endorsement for future investors than "backed by John Smith and Chad Johnson." Just do a PrivCo.com private company investor search, and select investor type "Angel Investor Groups": <a href="http://www.privco.com/investors/advanced-search" rel="nofollow">PrivCo Private Investors Search</a> Good luck! -Sam (NYC Angel Investor and Entrepreneur) Excellent article about fine tuning your elevator pitch. I’ve been an entrepreneur (and now angel investor) for 15 years and couldn’t agree more.

I highly recommend first fine tuning your pitch (and business plan and built a prototype) with angel investors and angel investor groups first before going to venture capital firms.

Best angel resources in my recommendation are: PrivCo.com
(http://www.privco.com/investors) and Angel.co. (PrivCo is free and includes Angel Investor groups, which are frankly better leads than individual angels. Angel.co is primarily individuals, and also charges you to contact people directly). AIGs are better leads than individualpeople because they pool their money to make an investment so, say, a $250,000 investment may be made with 10 of the group participating at just $25,000 each. It’s a much lower hurdle to climb than convincing an angel to write a check for $250,000. Angel Investor Groups will typically hold periodic live presentations or will distribute new opportunities to their members via email monthly etc. with interested parties subscribing to an investment funding proportionately. It’s far more efficient. And the stamp of approval from say “New York Band of Angels” is a better endorsement for future investors than “backed by
John Smith and Chad Johnson.”
Just do a PrivCo.com private company investor search, and select
investor type “Angel Investor Groups”:
PrivCo Private Investors Search

Good luck!
-Sam (NYC Angel Investor and Entrepreneur)

]]> By: TOMAS http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12792 TOMAS Mon, 03 Aug 2009 03:15:49 +0000 http://theclosetentrepreneur.com/?p=707#comment-12792 @Serge - I'm pretty sure there will be plenty of elevator pitch competitions by StartupNation, I would recommend checking out their site for updates. ;) @Serge – I’m pretty sure there will be plenty of elevator pitch competitions by StartupNation, I would recommend checking out their site for updates. ;)

]]> By: Serge http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12766 Serge Tue, 28 Jul 2009 08:38:52 +0000 http://theclosetentrepreneur.com/?p=707#comment-12766 this is a super cool idea, unfortunately I only found out about it today and its July 28. Will you be having another one in the future? and including internationals? I have two of the three things you asked for: 1.) I have prestigious board members and; 2.) I'm already selling :) Oh and did I mention, I 1.)graduated CS from Cal and; 2.) I worked for 8 years for various firms in the Valley does that make 3? ;) cheers! this is a super cool idea, unfortunately I only found out about it today and its July 28. Will you be having another one in the future? and including internationals?

I have two of the three things you asked for:
1.) I have prestigious board members and;
2.) I’m already selling :)

Oh and did I mention, I
1.)graduated CS from Cal and;
2.) I worked for 8 years for various firms in the Valley

does that make 3? ;)

cheers!

]]> By: Anthony http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12276 Anthony Fri, 17 Apr 2009 00:27:55 +0000 http://theclosetentrepreneur.com/?p=707#comment-12276 You will be the first to know! You will be the first to know!

]]> By: TOMAS http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12275 TOMAS Fri, 17 Apr 2009 00:25:53 +0000 http://theclosetentrepreneur.com/?p=707#comment-12275 @Anthony - Hey, Waldii looks awesome! Please let us know when we can start using it! ;) @Anthony – Hey, Waldii looks awesome! Please let us know when we can start using it! ;)

]]> By: Anthony http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12274 Anthony Thu, 16 Apr 2009 23:40:54 +0000 http://theclosetentrepreneur.com/?p=707#comment-12274 Hey Tomas, Didn't win the pitch competition but a great idea still came out of the weekend! It is called www.Waldii.com and it puts your events on the map! We are alpha testing it in Halifax, NS but we were working hard on getting it ready for the world. Thanks for the advice guys! Hey Tomas,

Didn’t win the pitch competition but a great idea still came out of the weekend!

It is called http://www.Waldii.com and it puts your events on the map!

We are alpha testing it in Halifax, NS but we were working hard on getting it ready for the world.

Thanks for the advice guys!

]]> By: brian http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12186 brian Fri, 27 Mar 2009 15:29:20 +0000 http://theclosetentrepreneur.com/?p=707#comment-12186 There is an old saying, nothing happens till you act. Have 3 lines about your business, that no matter, where, when or what time you can verbalize. Also use unlike competitors who... this should be your USP- Unique Selling Point There is an old saying, nothing happens till you act.

Have 3 lines about your business, that no matter, where, when or what time you can verbalize. Also use unlike competitors who… this should be your USP- Unique Selling Point

]]> By: TOMAS http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12162 TOMAS Fri, 20 Mar 2009 23:04:37 +0000 http://theclosetentrepreneur.com/?p=707#comment-12162 @Andy - Great advice, I especially like the <em>keeps your brain hungry</em> idea! :) @Anthony - Best of luck in the competition and let us know how it goes! @Andy – Great advice, I especially like the keeps your brain hungry idea! :)

@Anthony – Best of luck in the competition and let us know how it goes!

]]> By: Anthony http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12161 Anthony Fri, 20 Mar 2009 22:46:29 +0000 http://theclosetentrepreneur.com/?p=707#comment-12161 I'm going to let it out next Friday in a "Make a Business in a weekend" event! http://halifaxweekend.com/ Hopefully I win the pitch competition and make it happen. Working on my presentation using Startupnation.com. Cool stuff, and just what I need right now. I’m going to let it out next Friday in a “Make a Business in a weekend” event! http://halifaxweekend.com/

Hopefully I win the pitch competition and make it happen.

Working on my presentation using Startupnation.com.
Cool stuff, and just what I need right now.

]]> By: Andy http://theclosetentrepreneur.com/perfect-your-elevator-pitch-with-startupnation/comment-page-1#comment-12160 Andy Fri, 20 Mar 2009 16:39:24 +0000 http://theclosetentrepreneur.com/?p=707#comment-12160 Anthony, Even though you aren't going to be entering the contest, you might want to consider the following... Don't horde your ideas. Saying, "I might never have an idea this good again" ensures that you won't. Instead share your ideas freely - it leaves you empty, forcing you to come up with new ideas. It keeps your brain hungry. If you think your idea is great - act on it. Set up a meeting, force yourself to prepare. Do something every day towards making it happen, no matter how small. Then you'll never go to sleep feeling like you wasted that day. Good luck. Andy Anthony,

Even though you aren’t going to be entering the contest, you might want to consider the following…

Don’t horde your ideas. Saying, “I might never have an idea this good again” ensures that you won’t. Instead share your ideas freely – it leaves you empty, forcing you to come up with new ideas. It keeps your brain hungry.

If you think your idea is great – act on it. Set up a meeting, force yourself to prepare. Do something every day towards making it happen, no matter how small. Then you’ll never go to sleep feeling like you wasted that day.

Good luck.
Andy

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