Famous or Not
Originally just going to be an on-demand carpooling service. However, they quickly realized that there was a much bigger opportunity in the ridesharing market
What is Lyft?
Young company aiming to bring a unique product or service to market
What is a startup?
A brief speech that outlines an idea for a product, service, or project
What is an elevator pitch?
Keeps a startup running smoothly
What is a business strategy?
The famous entrepreneur who was the founder of Facebook
Who is Mark Zuckerberg?
HiGear was a peer-to-peer online company that listed luxury cars for rent.
What is a failed startup?
Process of combining two seperate companies into one new entity.
What is a merger?
When you use your own savings to start your business?
What is bootstrapping?
Allows for good business
What are business connections and relations?
Entrepreneur who created the largest e-commerce company in the world known as Amazon
Who is Jeff Bezos?
They were one of the first of their kind to offer a DVD rental service that shipped the product right to the customer’s door.
What is Netflix?
Process of determining if there’s a need for your product in your target market?
What is Market Validation?
Division of ownership within a company
What is equity?
Brings customers into a startup
What is advertisement?
Entrepreneur who is the CEO and co-founder of Apple Inc and saved Pixar Animation Company from shutting its doors
Who is Steve Jobs?
Hubhaus offered an online platform to rent a house and find people willing to live with you.
What is a failed startup?
An Investor who funds companies with high growth potential in exchange for an equity stake in their final success
What is a Venture Capitalist?
Helps investors understand the potential return on an investment for each dollar risked, which allows for more informed decision-making
What is risk and reward?
Allows for smooth money management
What is budgeting and financing?
Entrepreneur who was working as a sales assistant at Brooks Brothers until he started his own company because he wondered if men would want to branch out into more colorful, bolder ties
Who is Ralph Lauren?
Created the site as a way for students to connect with each other, but it quickly became much more than that
What is Facebook?
Startup that looks promising yet has failed to gain traction and grow into a successful enterprise.
What is a Zombie?
Kind of stock is typically held by founders and employees of the company
What is common stock?
Allows for startup growth
What is sufficient budgeting, connections and relations?
Entrepreneur who started the company Under Armour with his personal savings and five different credit cards, and within a year he was broke and in debt
Who is Kevin Plank?