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Elevator Pitch | The Magic Words Netflix Co-Founder Wants to Hear in a Pitch

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On every episode of Entrepreneur Elevator Pitch, we learn new lessons about what gets investors' attention and what leaves them yawning. During this week's show, Marc Randolph, the co-founder of Netflix, explains that touting your ability to get new customers is fine, but what gets him excited is if you can figure out how to keep them. "The one-and-done model is the surest sign to me that you're going to piss away all of my money," he says. "But build a machine that can get the same customer to come back to buy over and over and over again? Well that my friend is lifetime value, and now you're speaking my language."

As always, this episode features three entrepreneurs who step into an elevator and have just 60 seconds to pitch their business. If our board of investors likes it, the elevator doors open and the entrepreneurs are invited in to try to make a deal. If the investors don't dig what they hear? The elevator gets sent back to the ground floor, and the entrepreneurs are sent packing.

00:00 - Intro
1:05 - Love Cork Screw, wines & spirits
11:42 - Resense, aid for those suffering with Alzheimer's and Dementia
20:25 - SentryAI, security system

Are you as passionate as you say you are? If you think you have what it takes to be on Elevator Pitch, click here: https://entm.ag/eepapply

#ElevatorPitch #Entrepreneur #Investing

Season 9 of Entrepreneur Elevator Pitch is presented by by Amazon Business with support from State Farm. New episodes stream Wednesdays through August 2023.

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Entrepreneur Network, Entrepreneur, Entrepreneur Magazine
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