Rags to Riches
The entrepreneur who turned a $250,000 bank loan into $10.2 billion dollar company in computer technology.
Who is Steve Jobs?
The startup method, founded by Eric Ries, in which an entrepreneur introduces the product to the clientele and makes adjustments along the way.
What is the lean startup method?
One of the more controversial social networks, this startup was founded by a 19-year-old college dropout.
What is Facebook?
The entrepreneur who co-founded Zip2, a web software company, which was acquired by Compaq for $307 million in 1999, and later founded a car and space travel company
Who is Elon Musk?
When a startup fails due to creating a product that the market does not want.
What is no market need?
The entrepreneur with an extremely troubling childhood who was a co-anchor at 19 and went on to create her own talk show/network
Who is Oprah Winfrey?
The author of the book that started it all, Lean Startup: How Constant Innovation Creates Radically Successful Businesses
Who is Eric Reis?
The popular tutoring service that was first started as a means to tutor his cousins.
What is Khan Academy?
A popular online service for booking travel accommodations founded out of necessity and is now one of the largest travel accommodation sites in the world valued at $20 billion.
What is Airbnb?
When a startup fails due to insufficient funds.
What is to run out of cash?
Upon retiring from the US military, the entrepreneur who turned a $25000 investment into $176 million in 25 years
Who is Sam Walton?
The name given to a change in the original product meant to test the hypothesis.
What is a pivot?
Originally dubbed Burbn, the startup that has become the #1 photo app.
What is Instagram?
The entrepreneur who is now the CEO of the company FitBit and makes $600 million
Who is James Park?
When a startup fails due to complications between people.
What is to not have the right team?
As a first-generation college graduate, the entrepreneur who would go on to buy out and grow a $2.9 billion dollar coffee company.
Who is Howard Shultz?
The name given to the number of products one should create in order to make it through one cycle of the Build-Measure-Learn cycle
What is Minimal Viable Product(MVP)?
The startup that was founded after the founders struggled to find a taxi ride after a late night in Paris.
What is Uber?
The entrepreneur who started out by scouring the racks at second-hand stores and selling her vintage finds on eBay, and now has a net worth of $280 million.
Who is Sophie Amoruso?
When a startup fails due to its competitors.
What is to be outcompeted?
The entrepreneur who dropped out of college to enroll in the army only to go on to sell brand ties and make $500,000 in a year.
Who is Ralph Lauren?
The process that helps companies prove they are a growing business by having objective information, like actual profits, as opposed to projected ones.
What is Innovation Accounting?
Reaching 45 countries in two years, the startup that was started to help people save following the recession of 2008
What is Groupon?
Founded in 1991 the company that created Fortnite, Unreal, Gears of War, Shadow Complex, and Infinity Blade series of games.
What is Epic Games?
When a startup fails due to lack of knowledge about the value of its product.
What is pricing/costing issues?