elevator pitch - lean entrepreneurship carnegie mellon

Post on 05-Dec-2014

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DESCRIPTION

Every entrepreneur needs to be able to give a quick and compelling elevator pitch. This lecture prepares students to give their elevator pitch next week for the idea they'd propose focusing on for the rest of the course.

TRANSCRIPT

Elevator Pitch

!Sean Ammirati

Partner, Birchmere Ventures Adjunct Professor, Carnegie Mellon University

#CMULean

When do you give an elevator pitch?

Selling Customers

http://www.flickr.com/photos/kt/2870894104/sizes/m/in/photostream/

Recruiting

http://www.flickr.com/photos/bas-boerman/4626058529/sizes/m/in/photostream/

Networkinghttp://www.flickr.com/photos/sjgadsby/5178368444/sizes/m/in/photostream/

Family#CMULean

To Sound Impromptu ...

... Takes Rehearsing

http://www.flickr.com/photos/statelibraryofnsw/3273709226/sizes/z/in/photostream/

#CMULean

When people ask: “What do you do?”

They want to know what you do for

them.

#CMULean

For next week ...

• 90 seconds

• no media / slides

• a sample outline ...

#CMULean

introduc)on                                                ~  15  sec

Proposed Time ...

#CMULean

problem                                                            ~  30  sec  

introduc)on                                                ~  15  sec

Proposed Time ...

#CMULean

Often can use ...

• a rhetorical question

• a story

• a provocative statistic

© Sean Ammirati, 2013

problem                                                            ~  30  sec  

vision                                                                        ~  30  sec  

introduc)on                                                ~  15  sec

Proposed Time ...

#CMULean

The Goodness Factor !

At Least 3x

cheaper or better

#CMULean

problem                                                            ~  30  sec  

vision                                                                        ~  30  sec  

where  are  you?                                    ~    15  sec  

introduc)on                                                ~  15  sec

Proposed Time ...

#CMULean

Where are you?Validated Learnings

!

!

!

!

!

Unvalidated Assumptions

- Shown 5 people prototype - Done a landing page - etc ...

- People will pay $x / month - They will invite 2 friends on average - etc ...

#CMULean

Don’t be afraid to be creative!

#CMULean

seanammirati.com !

@SeanAmmirati

#CMULean

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