liveBook · Manning

Elevator pitch

As explained in Tech Startup Toolkit

An elevator pitch is a brief spoken or written business presentation designed to capture an investor's interest and obtain a meeting.

An elevator pitch is a single paragraph that explains a startup in about 30 seconds, with one immediate goal: make an investor interested enough to accept a meeting. section 2.2

A practical investor pitch follows seven sentences:

  • Introduction: identify yourself, your role, your startup, and its product or service. section 2.2
  • Problem and solution: name the customers, their problem, and the benefits your offering provides. section 2.2
  • Competitors: identify alternatives and state what makes your solution different. section 2.2
  • Market opportunity: give the market size, location, and reason the timing is favorable. section 2.2
  • Business model: explain how the company makes money. section 2.2
  • Achievements: mention progress already accomplished. section 2.2

The uncomfortable discipline

Do not keep adding impressive details. The elevator pitch earns the meeting; the fuller story belongs in the investor pitch deck and meeting. section 2.2

How Tech Startup Toolkit covers it

How deep it goes
Provides a seven-part template and a 30-second constraint, stopping short of the full investor pitch deck.
Examples
Uses a seven-sentence investor template covering introduction, problem, solution, competitors, market, revenue, achievements, and funding.
What it assumes
Assumes a startup, product or service, target customers, competitors, business model, achievements, and funding need are identifiable.
What you can do after
Build it from scratch by fitting a startup’s identity, customer problem, differentiation, market, revenue, progress, and funding request into 30 seconds.
How it connects
Connects startup fundraising with investors, venture capital, competitors, market opportunity, business models, and pitch decks.

Also explained in

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Related concepts

This explainer was generated by Manning's knowledge graph from the text of Tech Startup Toolkit. The section links point to the parts of the book it draws on.