Some tips about what one entrepreneur would do differently if he previously another chance on our weekly pitch show.
Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step in to the Entrepreneur Elevator, then gives them just 60 seconds to pique the interest of several judges. It’s a high-pressure, fast-paced environment where startup founders have to race against the clock while maintaining their composure to create a clear, deliberate pitch that covers at least three essential components:
- Defining the business
- Making the request
- Specifying what the investment money will be utilized for
The investors watch the pitch with a video livestream as the elevator ascends to the boardroom floor. After the 60 seconds are up, the judges vote on whether to open the doors or send the founder back off and spread investing.
The fifth season of Entrepreneur Elevator Pitch offers a dynamic change in the show’s format. Before, our four judges needed unanimous agreement to create an offer to the pitching entrepreneurs - including three out of four "yes" votes merely to open the elevator doors. Now, it takes merely one investor to open the doors and one judge to create an offer. The panel of four may then choose if they want to collaborate or compete keenly against each other.
Episode 9 featured Kevin Ullman, the founder of Nomad Trunks, who was simply kind enough to detail his experience on the show below.
Entrepreneur: Please give us the elevator pitch of what your company is.
So Nomad Trunks is a Veteran owned and operated swim trunks brand. Not only any swim trunks, the very best swim trunks! haha. My trunks are really stretchy and silky-soft! But I intend to not only limit myself to swim trunks. I am expanding to other style trunks soon!
Im a fan of the shorter style briefs, swim and gym shorts. So while in Afghanistan I had the thought of creating a brand which has all that and in addition gives me a method to do more for my fellow brother and sister Veterans. With area of the proceeds I contribute to charity or Personally, i go help do charity work. I really do what I can being truly a small brand but I’ve big hopes to accomplish big things with regards to giving back to those that I’ve served with and also have sacrificed so much!
Why did you decide to start this business?
I’m a fan of shorter-style trunks and lots of those in the military say, "Sky’s out, thighs out baby!" So, I simply decided to make progresses creating my very own brand!
How was your experience in the elevator during Entrepreneur Elevator Pitch ?
It had been exciting but nerve racking all at exactly the same time. Watching the show, I thought, "That’s easy." Wrong!
Entrepreneur Elevator Pitch Season 5 Episode 9: ‘Don’t Stop, SERIOUSLY Dude!’
Were you pretty much nervous than you expected?
I was fine until I walked up and pressed the button for the elevator. Each one of these emotions hit me simultaneously, like I began to second guess myself but once within and going for a deep breath I regained focus.
In order that focus I regained, yeah that went the window when the timer arises in the camera lens. I wasn’t expecting that at all and it threw my mental game off completely!
In the event that you could do it once more, what would you change?
I’m not just one to want to improve many things. Personally i think everything falls into place since it should. I believe the show and the people behind it are perfect and the knowledge I was presented with (despite the fact that my pitch was totally botched), I’m very thankful for this all.
What did you study from this experience that you’ll bring to the next pitch meeting?
I learned that whenever you imagine you’re ready, life has its method of letting you know you are not. Which in return permits you to step back, take everything in and see where you will need to focus on so that you will strengthen your disadvantages. What I’ll bring to my next pitch meeting is more experience and knowledge … oh, and practicing whatever it can be before a big timer!