Before Considering A Prospective Investment Venture Capital
Before Considering A Prospective Investment Venture Capitalists And O
Before considering a prospective investment, venture capitalists and other investors often want to hear what they call the elevator pitch. This is the concise description of the company, its product or service, its market(s), and its competitive advantages that an entrepreneur could give in the time it would take to ride up an elevator. In last week’s Assignment, you applied the “Dream Scale” to a business that you would like to open in the future. Now and based on the business you would like to open, use the “Build-Your-Business Worksheet,” on page 90, to create your elevator pitch. class starting buisness 170 words
Paper For Above instruction
An effective elevator pitch is essential for conveying the core essence of a new business to potential investors quickly and compellingly. My proposed startup is an eco-friendly, on-demand transportation service called GreenRide, aimed at environmentally conscious urban commuters. GreenRide leverages electric bikes and scooters to provide quick, affordable, and sustainable transportation options within city neighborhoods, reducing carbon emissions while offering convenience.
The primary market for GreenRide includes urban residents aged 18-45 who seek eco-friendly alternatives to traditional transit and car ownership. Our target demographic values sustainability, innovation, and efficiency, making GreenRide particularly appealing to millennials and Generation Z. The competitive advantages of GreenRide include the exclusive use of electric vehicles, partnerships with local businesses to facilitate easy access, and a proprietary app featuring real-time availability and route optimization.
Our business models focus on scalability and environmental impact, positioning GreenRide as a leader in sustainable urban transportation. With an initial launch in a major city, we plan to expand rapidly based on demand, reinvesting profits into fleet growth and technological improvements. This innovative, eco-conscious approach meets rising demand for sustainable transit and presents a promising investment opportunity.
References
- Blank, S., & Dorf, B. (2012). The Startup Owner's Manual: The Step-by-Step Guide for Building a Great Company. K&S Ranch.
- Ries, E. (2011). The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Crown Business.
- McKinsey & Company. (2020). The future of mobility: Electric vehicles and urban transportation.
- Statista. (2023). Urban Mobility Market Trends.
- Christensen, C. M. (2016). The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business Review Press.
- Clayton Christensen. (2018). The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business Review Press.
- World Economic Forum. (2021). The Future of Urban Transportation.
- U.S. Environmental Protection Agency. (2022). Emissions from Transportation.
- Bloomberg New Energy Finance. (2023). Electric Vehicle Market Outlook.
- Kotler, P., & Keller, K. L. (2016). Marketing Management. Pearson.