What is an elevator pitch?
"An elevator pitch is a short presentation made by an entrepreneur raising money for a venture. The term describes a pitch that?s short enough that it could be given during an elevator ride when the entrepreneur has the only chance to talk with a potential investor. Just as in the real Olympics, the investor judges hold up their scores and give points ranging from one to ten in the categories of quality of presentation and business fundability."
Yesterday I represented the SmartPedals team and pitched our system to a panel of judges and potential investors. I practiced my 2 minute pitch more times that I want to admit in order to prepare for my turn at the microphone in front of a large audience of people.
There was a number of great competitors including my sister who gave the pitch for her team! Truthbetold, I was tempted to make a joke about it when I went up to the podium but decided against it :-p
Anyways, all of the work paid off. When I got up there, my pitch was engrained in my brain and just came out! I was fortunate enough to get one of the highest scores on the quality of my pitch! Unfortunately, like I said, the quality of the competition was high and we did not take home the top honors, but our idea fared very well.
More information about the competition can be found here