What does SEC stand for?
Securities Exchange Commission
What is the first form of funding for a startup?
Bootstrapping OR Credit Cards
Define Revenue
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations
What is the difference between a debit and credit card?
The key difference between the two cards is where the money is drawn from when a purchase is made. When a consumer uses a debit card, the money comes directly from his checking account. When he uses a credit card, the purchase is charged to a line of credit for which he is billed later.
Someone who has a lot of money.
What is affluent / wealthy?
What is a stock?
the capital raised by a business or corporation through the issue and subscription of shares.
What is the term for when a startup turns public?
IPO
A record of itemised transactions used for expense management and bookkeeping
What is an invoice?
What is interest?
A charge for borrowed money, usually a percentage of the principal.
What is FAANG?
Facebook, Amazon, Apple, Netflix, Google.
90% of the internet.
An asset or item acquired with the goal of generating income or appreciation.
What is an investment?
What is a “unicorn”
>1 bil
A place with a low tax rate attracting corporations and wealthy individuals.
What is a tax haven?
What secures a mortgage?
Collateral
A mortgage loan is a secured loan in which the collateral is property, such as a home. ... A repossession is a process in which property, such as a car, is taken back by the creditor when the borrower does not make payments due on the property.
A formal term for paper money.
What are bills?
What are two things that someone may invest money in?
Answers vary.
List two difference between an angel investor and a venture capitalist
- amount of funds
- personal funds vs firm funds
This animal represents a strong market and overall good economy.
What is a bull?
Money paid to someone who has reached retirement.
What is a pension?
The collection of exchanges and other venues where the buying, selling, and issuance of shares of publicly held companies take place
What is a stock market?
Name two of the most valuable commodities currently.
Oil, Coffee, Natural Gas, Gold, Silver, Sugar, Corn Wheat, Cotton
An investor that provides capital to firms with high growth potential in exchange for an equity stake.
What is a venture capitalist?
In most countries, interest rates are set by this type of bank.
What is a central bank?
An asset that can be converted into cash in a short amount of time.
An example of a cryptocurrency other than Bitcoin.
Answers will vary.