Define elevator pitch and describe its key elements. What will ...

[olgavictoria]

Define elevator pitch and describe its key elements.
 
  What will be an ideal response?

Question 2

The business model of e-tailers is similar to that of:
 
  A) e-distributors.
  B) transaction brokers.
  C) exchanges.
  D) service providers.

[bimper21]

Answer to Question 1

An elevator pitch is a short two-to-three-minute presentation aimed at convincing investors to invest. The key elements of an elevator pitch are an introduction, in which you state your name and position, your company's name and a tagline in which you compare what your company does to a well-known company; background, in which you state the origin of your idea, and the problem you are trying to solve, the industry size/market opportunity, in which you provide brief facts about the size of the market; revenue model/numbers/growth metrics, in which you provide insight into your company's revenue model and results thus far, how fast it is growing, and early adopters, if there are any; funding, in which you state the amount of funds you are seeking and what it will help you achieve; and finally exit strategy, in which you explain how your investors will achieve a return on their investment.

Answer to Question 2

A

[olgavictoria]

YES! Correct, THANKS for helping me on my review

[gcook]

Gracias!