Famous Founders
This toy company got its start making picture frames in a garage before switching to dollhouses made from picture-frame scraps.
What is Mattel?
In a lean business model, this section explains how a company will actually make money, such as through sales, subscriptions, or advertising.
What are revenue streams?
This type of business plan is high-level, focuses on the most important elements, and can often be completed in about one page.
What is a lean startup business plan?
Most fast-growing companies are NOT built on this kind of tech breakthrough.
What is a technological breakthrough/high-tech invention?
This company was founded in 1997 by Marc Randolph and Reed Hastings, initially as a DVD rental service before transitioning to a streaming service in 2007.
What is Netflix?
Bill Gates and Paul Allen started their company, originally called "Micro-Soft," in a small garage in New Mexico city.
What is Albuquerque?
Before making a venture investment, investors commonly examine the management team, market, products, governance documents, and financial statements in this process.
What is due diligence?
This research process helps an entrepreneur determine whether there is demand for a product and learn about potential customers.
What is market research?
This is the typical minimum amount venture capital backing starts at, according to the "Five Myths" report — far more than most early-stage growth companies actually need.
What is about $3 million?
This company ranks fifth in the world in terms of market cap with a staggering $1.045 trillion
What is Amazon?
Despite the popular legend, this tech giant wasn't actually founded in this founder's garage — the space was only rented two years later, after the company already had $1 million in funding.
What is Apple (Steve Jobs' garage)?
These investors provide capital to startups in exchange for an ownership stake and may become actively involved in the company.
What is venture capital?
This startup tool is a real, early version of a product designed to test demand and gather feedback with the fewest necessary features.
What is a minimum viable product (MVP)?
Entrepreneur Rick Smith argued that this Microsoft co-founder is better described as one of the world's great "risk mitigators" rather than a great risk-taker.
Who is Bill Gates?
Sam Walton opened this business in 1962 in Rogers, Arkansas, to help communities save money and live better around the world.
What is Walmart?
The 2010 film "The Social Network" dramatized this company's founding, but in real life the idea grew out of a site called Facemash and drew inspiration from Friendster.
What is Facebook?
This funding method uses the entrepreneur's own money or resources, allowing the founder to retain control but also take on the risk.
What is bootstrapping (self-funding)?
This process involves talking directly with potential customers to learn whether the problem being solved is important to them.
What is customer discovery?
According to the presentation, what mindset connects the different realities of successful startup entrepreneurs?
What is Entrepreneurs are willing to pursue opportunities, test their ideas, find resources, and create change even when they do not have everything figured out?
On April 5, 1993, 3 men founded this company with their vision to bring 3D graphics to the gaming and multimedia markets.
What is NVIDIA?
Larry Page and Sergey Brin met while touring this university, where Page was a prospective grad student and Brin gave the tour.
What is Stanford University?
This type of individual investor provides money to a startup, usually in exchange for an ownership stake.
What is an angel investor?
This part of a business model explains the specific benefit or problem-solving value a company offers customers.
What is a value proposition?
Per that same Fordham Now piece, more than 70% of startups are instead funded through loans, personal savings, and this other common source.
What are friends and family?
It was founded as a grocery trading store in March 1938 by Lee Byung-Chull. The name comes from Korean for “three stars.”
What is Samsung?