Truths of Startup Entrepreneurship
_____________ does not exist for you after you enter startup entrepreneurship.
Time
It’s an awesome idea to completely build out a product/service before creating ___________.
validation
The founder of Apple
Who is Steve Jobs
What is the reason most startups fail?
Running out of money
What kind of startups are usually acquired by a larger company?
Buyable startups
When bootstrapping you will most likely not take a _________ in the beginning.
Salary
If I build it they will ______.
Come
Founder of Microsoft
Who is Bill Gates
What is something you should NOT do when beginning a startup?
Quit your job and eliminate main source of income
What kind of startups focus on the potential of obtaining financing from larger companies and establishing a worldwide presence?
Scalable startups
If you’re serious about your startup you need to have a serious with _________.
friends, family, or significant other
Great technology will lead to a great ________.
Business
The founder of Ford
Henry Ford
Where should you keep your personal and business reserves?
Emergency savings account
What kind of startups are classified mainly by size or by the amount of revenue they have?
Small and Medium Sized Enterprise Startups
An idea is are a dime a dozen, _______ is what matters.
execution
Business work should start only after the __________ is done.
Product/Service
Founder of Amazon
Jeff Bezos
What has the most monetary value in a start-up?
Time
What kind of startup is classified by people who create products based on what they are passionate about?
Lifestyle startups
The most important aspect of a startup that Venture Capitalists look for.
team
Is startup entrepreship easy?
No
What allows you to stay on track financially?
Setting time-sensitive revenue goals
Instagram is an example of which kind of startup being that it was acquired by Facebook?
Buyable startups