The elevator door opens. And there stands your ideal investor. It’s the chance of a lifetime. But that chance only lasts as long as the elevator ride – you have less than a minute to make an impression. Hopefully, you’ve got a well-crafted elevator pitch ready to give.
The elevator pitch is not the hurried presentation of a full-blown business plan. It’s an introduction, an overview and a pitch – and a short one at that – meant to capture the attention of a potential investor. Of course, an elevator ride is a short one. Guides for elevator speeches that say you have one minute surely overestimate the amount of time it takes for an elevator to move from floor to floor. Of course, an elevator speech isn’t restricted to elevators. Rather, it comes in handy for any occasion where a concise presentation is appropriate.