Startup Basics
A startup is a company working to solve a problem that is not obvious.
Who was the founder of Facebook?
Mark Zuckerberg
This is often thought of as essential to the creation of a new startup, most of the time the biggest emphasis is on this concept.
What is a brand new idea?
Has large capital and presence in different markets.
Big business startup
How has Ikea created interactive experiences for their customers to increase sales?
They created an app allowing users to virtually place furniture into their rooms so they can see what it looks like before they buy it.
What is essential to a startup’s success?
What is the idea as well as the business model?
Is the rate of startups increasing or decreasing every year?
It is growing, but with increasing competition many people do not want to get into forming startups, so there is a contradiction.
When having a startup, you need a detailed version of this.
What is a business plan?
Looks to improve the environment around them, potentially through a non-profit.
Social entrepreneurship startups
What famous American entrepreneur first used assembly lines and mass production for motor cars?
Henry Ford
Why do some startups tend to fail?
What is there are many reasons. Some include the team not working well together, not having enough money to keep the business running, and not able to outcompete their competitors.
What makes an idea unique?
Gathering as much knowledge about a topic through books, the web, others, and more. This allows you to make sure nothing like your idea exists out in the world.
All of the first people to hire for a startup are…
What are “developers".
By definition means, “the potential of a newly established company to obtain financing from investors and grow a worldwide presence.”
Scalable Startup
Who started Google?
Larry Page
What makes an investor ready to put money in a startup?
What is the team (specifically founders), the product or service, if the business will succeed, product will make a difference, and valuation.
What is the difference between a small business and startup?
Startups are more short-term with different goals than small businesses such as making a strong impact. Small businesses dive right in while startups take a lot more time.
A startup should always be started in here.
What is an “office”.
Two types of startups mostly classified by size of employees and revenue.
Scalable Startup
What famous movie producer and cartoonist created theme parks and built one of the most successful entertainment companies in the world?
Walt Disney
What are some types of startups?
What is lifestyle startups, small-business startups, scalable startups, buyable startups, large company startups, and social startups.
What makes a strong team in a startup?
Experience, passion, and skills from all areas that come together in an active, interactive manner.
If you start a company, you are bound to be…
What is "wealthy"?
This startup is most suited for hobbyists, so they can create something they will get enjoyment out of.
Lifestyle Startups
What influential talk show host also started a successful business including her book club?
Oprah Winfrey