On the new episode of "Elevator Pitch," find out how much investors are willing to bet on first-time founders.

"I love seeing first-time entrepreneurs, but what I love even more is seeing two- and three-time entrepreneurs who have had successful exits!" So says investor Kim Perell on this new episode of Entrepreneur Elevator Pitch, where we learn if contestants with a track record of success can find their way into our panel members' hearts (and wallets) faster than first-timers. Although Kim is impressed with a contestant's history of wins, investor Jonathan Huang isn't quite as sold. "Just because you had an exit doesn't mean you were successful," he notes.

This is another episode packed with lessons that anyone hoping to fund their dream business needs to learn. As long-time viewers know, every episode of Entrepreneur Elevator Pitch gives contestants the chance to step into an elevator and try to win over investors in just 60 seconds. If they blow it? It's back to the drawing board. But if the pitch goes great, life-changing money is on the table.

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