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.
What two colleges did you visit this week?
Bentley and Northeastern
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
Assets = Liabilities + ________
Equity
What type of loan has the highest interest rate?
Student
What is FAANG?
Facebook, Amazon, Apple, Netflix, Google.
90% of the internet.
Options are a type of.....?
Options are a financial derivative
What is a “unicorn”
>1 bil
What does Market Cap mean?
Market capitalization is the total market value of all of a company's outstanding shares
Market Cap = ($ per Share)x(# Shares Outstanding)
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.
What percent of bills have traces of cocaine on them?
94%
What are a CDO and CDS?
A collateralized debt obligation is named for the pooled assets — such as mortgages, bonds and loans — that are essentially debt obligations that serve as collateral for the CDO
A credit default swap is, in effect, insurance against non-payment. Through a CDS, the buyer can mitigate the risk of their investment by shifting all or a portion of that risk onto an insurance company or other CDS seller in exchange for a periodic fee.
List two difference between an angel investor and a venture capitalist
- amount of funds
- personal funds vs firm funds
Present Value = Future Value divided by what?
(1 + R) ^ t
Who gets charged for a credit card transaction?
Middle-man i.e. the small business
Businesses get charged for the credit card transaction by the credit card company.
If you purchase a bond and interest rates rise, what will happen to the price of the bond?
Bond prices and interest rates have an inverse relationship, so when interest rates rise, bond prices drop and vice versa.
Name the two most valuable commodities currently.
Oil and Coffee
Around how many startups does CIC have?
700-900
What is WACC?
Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.
How much will the typical married couple retiring at age 65 spend on out-of-pocket costs for health care throughout retirement (in today's dollars)?
266,000
What is the cap on the # of Bitcoins in circulation?
21 bil