vocabulary
What is another word for a bridge loan?
A swing loan
What famous hair care line did startup entrepreneur John Paul Dejoria found?
Paul Mitchell
What is a lifestyle startup?
People who turn their everyday lifestyle into a business
Give me an example of a risk
starting a business/company (trying something new)
Most successful entrepreneurs take wild, uncalculated risks in starting their companies?
actually, entrepreneurs are rick-averse by nature
What does the acronym "IPO" stand for?
initial public offering
What was Won Chang's, founder of retail store Forever 21, first job?
A janitor
What kind of startup consists of a single person working for themselves?
Small business startup
Give me an example of reward?
Making a profit or benefiting from your risk
most successful entrepreneurs have strong track records and years of experience in their industries?
Most entrepreneurs have some kind of expertise (like accounting) but haven't started a business previously
How much money does a tech start up have ti be worth to be referred to as a "unicorn"?
one billion $
What social media platform did Sophia Amoruso, founder of Nasty Gal, use to promote her startup?
MySpace
Which startup type aims for improving the world one way or another?
social startups
what is one of the things required for more rewards
to gain more rewards, calculated risks should be taken
most successful entrepreneurs start their companies with a "break-through invention -- usually technology in nature"?
In reality, entrepreneurs are the ones who take other business ideas and make them more accessible, or better, or more cost-effective?
The slang "scale up" refers to what?
when a company has grown in terms of size, geographical location, market, etc...
How much was Whatsapp, a startup created in 2009 by Jam Koum, sold to facebook for?
19 billion
If someone started personal training and received many clients, what kind of startup would that be?
small business startup
What kind of health risks are associated with running a business enterprise?
physical and mental health risks
Most successful entrepreneurs have a well-considered business plan and have researched and developed their ideas before taking action?
more likely, they have an incomplete business plan that contains a lot assumptions yet to be proven
What is a "burn rate"?
how fast you spend your money
How much was Steve Jobs, one of the most famous startup entrepreneurs of all time, worth when he died in 2011?
10.2 billion
If a company is aiming for a larger business to purchase them, what kind of startup would this be?
buyable startup
What did Mark Zuckerberg say about risk and reward?
"the biggest risk is not taking any risk" And also, "In a world thats changing really quickly, the only strategy that is guarenteed to fail is not taking risks"
Most successful entrepreneurs start their companies with millions in venture capital?
The more common practice is to self-fund their business and seek loans from friends and family