Entrepreneur Elevator Pitch Season 2 Ep. 11: 'You Don't Need Us' This week, our investors, including former football player Cameron Colvin, show that sound advice can be more valuable than money.

By Lydia Belanger

Opinions expressed by Entrepreneur contributors are their own.

Sometimes, it doesn't matter how much you perfect your pitch. If the idea isn't a moneymaker, investors won't give you a dime.

On Entrepreneur Elevator Pitch, a panel of high-profile investors gather each week to see if they can find the next billion-dollar idea. Contestants have a 60-second elevator ride in the Entrepreneur Elevator to pitch the idea, ask for investment and prove they have what it takes to scale a successful business. The investors decide on the spot whether to open the elevator doors to discuss with the entrepreneur in more detail or send them back down without ever talking with them face-to-face.

In this week's episode of Elevator Pitch, Cameron Colvin, former Oregon Ducks and San Francisco 49ers football player, joins the panel of investors. Meanwhile, one entrepreneur steps into the elevator with what she claims to be a brewery's best friend. She even asks the judges, "Do your nuts taste like beer?"

Related: Entrepreneur Elevator Pitch Season 2 Ep. 10: 'We Are Going to Make Money on This Thing'

A mother pitches a product to make your kid the coolest in school, while her daughter tags along to up the cuteness factor and provide sound effects. The investors, however, have learned how to make business-savvy decisions, rather than emotionally driven ones. Likewise, when another contestant shows off a product designed to let you bring your dog with you anywhere, hassle-free, he's lucky to find that some of the investors are dog lovers. But is he asking for money too early?

To find out, watch this week's episode above, or on Facebook or YouTube. But don't feel left out if you're not in the boardroom. To get in on the action, support the next big idea via crowdfunding at the Entrepreneur Elevator Pitch online hub. And check back next Wednesday, July 18, for the season finale!

Lydia Belanger is a former associate editor at Entrepreneur. Follow her on Twitter: @LydiaBelanger.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Entrepreneur Elevator Pitch

Will Investors Bite on a Pizza Wallet? Find Out on the Wild Season Finale of 'Elevator Pitch.'

'Elevator Pitch' Meltdown: Watch the Moment That Broke This Entrepreneur's Brain

A Near-Tragedy Spurred This Dad's Invention — Now Worth Millions

A Scary Shopping Experience Inspired This Entrepreneur to Launch Her Own Brand. Now It's Done Over $5 Million In Sales.

Editor's Pick

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.