Startups
What funds startup entrepreneurs?
Personal investment, venture capital, investors, bank loans
Why is corporate entrepreneurship important?
Corporate entrepreneurship is important because it allows for growth, increased productivity, competition, employee recruitment aspects that a startup just does not have the same access to.
Who is in charge of the money for the business?
CFO/Finance
This direct lender providing online mortgage financing was founded in 2014 and serves customers in 43 states and the District of Columbia
When two people work together to start a small business?
General Partnership
What TV show enables startup entrepreneurship to gain customers?
Shark Tank
What is an example of corporate entrepreneurship?
Apple, Google, 3M (or literally any other large corporation with innovational aspects)
Who is the person that started the business and thought of the idea?
CEO/Visionary
This food delivery service was founded by Stanford students in 2013
DoorDash
If a company is still based in a garage it would be considered what?
A startup
What's an example of startup entrepreneurship?
Any startup can count but for example, the app "Calm"
Who is an example of a corporate entrepreneur?
Steve Jobs, Jeff Bezos (or literally any other person who strives in creating innovational products for consumers)
Who is the person in charge of boosting demand and growth for the business?
CMO/ Marketer
This free-trading app that lets investors trade stocks, options, exchange-traded funds and cryptocurrency without paying commissions or fees was created in 2013
Robinhood
What kind of business is run by 1 person, where they are liable for all debts?
Sole Proprietorship
What is the average cost of starting a startup?
The average cost to start a business is about $30,000. It just depends on what the startup expenses cost.
What is an example of a corporate entrepreneurial product?
Apple’s Apple TV is a product that was the first of it’s kind and to this day still stands out as being one of the best. (or another example of a product like this)
Who is the person in charge of refining the business or product?
CTO/Innovator
This linen company founded in 2014 boasts have the internet’s favorite sheets
Brooklinen
In this business plan, any profits generated are taxed as the “personal income” for the company then distributed to various shareholders.
Corporation
What is the purpose of a buyable startup?
There are companies that are born to be bought up by a larger company for great cash. These have become more and more popular.
Why are corporations crucial to the economy?
They have a significantly higher reach because of their wide audience structures as well as better financial resources than startups, allowing them more budget and more room for innovation and research needs.
Who has the responsibility of all roles in a Startup?
You/ The Entrepreneur
This video messaging tool founded in 2015 helps you get your message across through instantly shareable videos
Loom
In this type of business, two people formally sign an agreement for the business and must certify it with the state.
Limited Partnership