Entrepreneur Elevator Pitch returns for its 11th season, and we're challenging the best of the best startup founders to bring their A-game to our board of investors, who are hungry to sink their teeth into the next big thing.
Hear from Amin Bahari of Elite Sweets, the Better-For-You Donuts™ with 8g protein, 3 net carbs and no gluten, and see if our investor are ready to make a deal.
Hear from Amin Bahari of Elite Sweets, the Better-For-You Donuts™ with 8g protein, 3 net carbs and no gluten, and see if our investor are ready to make a deal.
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00:00Welcome to the elevator.
00:03I'm Amin Buhari, and I'm the co-founder
00:05and CEO of Elite Sweets.
00:07At Elite Sweets, we are the makers of the Elite Donut,
00:10which is a protein-packed, low-sugar, keto-friendly,
00:12and gluten-free donut.
00:14The inspiration for Elite Sweets
00:16stems from my own weight loss journey,
00:17where at the age of 16, I lost 140 pounds.
00:21We are seeking a $400,000 investment
00:24for 10% of Elite Sweets to help us expand nationwide
00:27and to fulfill our outstanding purchase orders.
00:30Cool business, but $400,000 for 10%.
00:34Could this business really be worth only $4 million?
00:36How many donuts did he say he sold?
00:39He said he sold a lot, but he also said
00:41that some of the sales he had, he didn't necessarily fulfill.
00:44So I feel like, in the back of my mind,
00:46he might have a little bit of an inventory issue.
00:48But I love the story of how much weight he did lose,
00:51and I do love some donuts.
00:52Well, listen, if you can eat donuts
00:54and lose weight at the same time-
00:56Is that even possible?
00:57Is that possible?
00:58I don't know.
01:01You know, one of the things, I'm a cyclist,
01:03and so I can think about carrying this in my pack,
01:05you know, as I'm just going on my century rides,
01:08you know, 100, 150 miles.
01:10When I tried the birthday cake, it wasn't sweet.
01:15And so I was a little bit misled by the name of the company,
01:18especially as it relates to the product of the business.
01:22Then, all of a sudden, I had the maple donut.
01:25Yeah.
01:26I loved it.
01:27Yeah.
01:28It's really good.
01:30So I like the deal.
01:34I mean, I'd be more comfortable kind of coming at $200,000.
01:42Coming from Austin, Texas,
01:43my background, working with the football team,
01:45I think you'd be a great partner,
01:46and I'd love to make a deal.
01:49There you go.
01:49Ha, I got a deal done.
01:52Let's go.
01:55Let's go.