Houston entrepreneur, Dr. Michalyn Porter, inventor of the Weave Dryer, recently walked away with a $100,000 deal after appearing on the show Entrepreneur Elevator Pitch. Contestants on the show have only 60 seconds to explain what they have to offer and the type of deal they’re looking for ala Shark Tank on steroids.
Each founder has just one minute to deliver their pitch from inside the ascending Entrepreneur Elevator, while a panel of high-profile investors watches a livestream from the boardroom above. If the elevator pitch hooks the judges, they open the doors and invite the entrepreneur to share more. If not, they send them down.
Porter’s passion for her designed product, The Weave Dryer, came through as Judges Jeff Klinefelter, Danica Patrick, Peter Goldberg and Dave Meltzer watched Porter explain how her Made in the USA blow dryer nozzle works by targeting roots to better dry natural hair. Porter demonstrated why it’s great for natural hair extensions, braids, twists, locks and eclectic hair styles. Porter was so impressive she was sent straight up to meet the judges.
Once inside the boardroom Porter continued to work it.
Porter was seeking $250,000.00 for her company Aleryn, but walked away with a $100K deal that will help further marketing and production of the product.
“The experience was absolutely amazing. I am excited that the investors believed in my product” says Porter.
