How Startups Can Dominate the Elevator Pitch

Never miss a post…subscribe!

You walk into an elevator. As the doors close, Doug Leone of Sequoia steps in.

Suddenly, a lump appears in your throat. Your palms sweat.

This is your moment.

Last night, I went to a fascinating pitch event at a startup accelerator in New York City. Each one had just a single minute to deliver an “elevator pitch” to an audience of operators and investors.

In this challenging format, many managed to paint a compelling vision. So what key elements should you make sure to include, and what should you leave out?

Here are some do’s and don’ts.


1) State a company name, clearly. Sometimes the name doesn’t pass the “bad telephone” test. I’m left wondering “did they say ‘Aleck Watt” or “Alley Cot’?” and it’s actually “Aliquot,” to take a fictional example.

Make the name clear and easy to understand.

2) Clearly state the value proposition. Instead of just talking about the market, talk about exactly what you do.

If Uber pitched, they could tell us how broken the taxi market is. True, but what does Uber actually do?

Make that value proposition for the customer very clear. “Uber can get you from anywhere to anywhere quicker and easier than a taxi.”

You also want to identify the customer clearly. Is it individuals, businesses, governments?

3) Explain the business model. Too often, it’s unclear how a startup actually makes money.

To take the Uber example, just say “We take 30% of all rides on the platform.” Keep it simple and avoid discussing numerous different revenue streams.

If you don’t tell us how you make money, we’re left to assume that you don’t make any. No bueno.

4) Tell us what traction you have. If your revenue is growing 20% month over month, definitely mention that.

If you don’t have any revenue yet but your user sign-ups doubled this month, talk about that.

Of all the areas of a pitch, this is the one startups miss the most. Give us a reason to think your product is catching on!


1) Leave us wondering what your product does. If we don’t know that within that first minute, you’ve failed.

2) Don’t talk about Total Addressable Market (TAM). Founders often think they can get investors salivating by mentioning that they’re taking on a $500 billion market.

But we know those numbers are often plucked from the air (or a Gartner report). Save it for a second meeting.

3) Mention other business lines you may pursue in the future.

Just stick to the current business. There’s no time for anything else.

The elevator pitch is simple: introduce the company, what it does, and what traction it has. It should give the investor enough information to say, “I want to hear more.”

Best of luck!

What do you think makes a great elevator pitch, and what should be avoided? Let me know in the comments at the bottom.

More on tech:

This Is How Startups Pitch Investors

Fathom: The Podcast Player from the Future

The #1 Reason I Say No to Founders

Never miss a post…subscribe!

Photo: “Help is on the way, elevator, Chicago Tribune, Chicago, IL.JPG” by gruntzooki is marked with CC BY-SA 2.0.

If you found this post interesting, please share it on Twitter/Reddit/etc. This helps more people find the blog! 

Save Money on Stuff I Use:


This platform lets me diversify my real estate investments so I’m not too exposed to any one market. I’ve invested since 2018 and returns have been great so far.

More on Fundrise in this post.

If you decide to invest in Fundrise, you can use this link to get your management fees waived for 90 days

Misfits Market

My wife and I have gotten organic produce shipped to our house by Misfits for over a year. It’s never once disappointed me.

Every fruit and vegetable is super fresh and packed with flavor.

I thought radishes were cold, tasteless little lumps at salad bars until I tried theirs! They’re peppery, colorful and crunchy!

I wrote a detailed review of Misfits here.

Use this link to sign up and you’ll save $10 on your first order. 


5 thoughts on “How Startups Can Dominate the Elevator Pitch”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s