FundingSage was founded by a group of Angel Investors with a desire to speed up the pipeline from concept to funding for entrepreneurs. Our resources, strategies and first generation product, TurboFunder, are designed to give YOU the ability to build an investible company.
As I and my partners at FundingSage are closing in on the release of our flagship product, TurboFunder, we are working to refine the message. I recently sent an email to the team regarding our Elevator Pitch. This morning, I remembered the post below that I had written nearly a year ago. I decided to see if I was taking my own advice. Here is the email I sent:
Now that we are getting closer to the release of TurboFunder, I believe we should modify the elevator statement. I would like to pitch the following as a starting point:
“FundingSage was founded by a group of Angel Investors with a desire to speed up the pipeline from concept to funding for entrepreneurs. Our resources, strategies and first generation product, TurboFunder, are designed to give YOU the ability to build an investible company.”
I believe it is an important to highlight that we are all Angel Investors. That lends credibility to the demand.I also like the focus on funding as opposed to due diligence since your target is the entrepreneur and not the investor – that is unique to our offering.
While I know that this pitch is not perfect, I am happy to say that it absolutely does encompass what I know is wonderful and unique about our offering.
Here is the original post:
a succinct and persuasive sales pitch.
from the idea of having to impress a senior executive during a brief ride in an elevator.
The majority of elevator pitch statements that I hear are horrible. It’s not that they are always poorly written; they are just miserable in their own unique way.
Now, while I believe I am great at a lot of things, this is not one of my areas of expertise. So, I spent most of this morning researching all the components required to develop a great elevator speech. My review of what professional bloggers, expert journalists and professional guides have to offer on this topic has helped me to understand why so many elevator speeches are so poorly written. They are missing the most critical point. Here’s a somewhat consolidated list of what I found:
Your Elevator Pitch Must Be…
- Leave the door open
- Tell a story
- Goal oriented
- Contain a “hook”
- Tell about you
- Describe a problem
- Offer a solution
- Have a call to action
- Use understandable terms
- Ask a question
- Make a connection
While I am sure your quick pitch statement should contain at least some of the elements in this compilation of various lists, I am even more sure that a perfectly crafted line will fall on deaf ears unless it is delivered with conviction. If YOU have a hard time buying into your elevator pitch, your listeners will too. If YOU aren’t passionate about what you are communicating, no one else will care either.
In summary, I will offer my non-expert marketing advice for writing and delivering an effective elevator pitch: