Startup Entrepreneurship:
True or False?
True or False?
Startups require “the most experienced people” to be successful.
False
The founders of this company were furious that finding a ride at the right time was impossible and wanted to make it easier for others.
Uber
What is an entrepreneur?
Someone who starts a business to make profit.
The ability to share ideas effectively within a company
Communication
What is the difference between startup and corporate entrepreneurship?
Startup: New companies or small businesses, focuses on testing product ideas before developing them. Corporate: Big companies, more customers, less willing to take bigger business risks.
Startups offer employees “competitive salaries, benefits packages, as well as stability”
False: Corporate
This company started from 3 guys that went from renting mattresses and now is a company valued at $10 billion.
Airbnb
What is an investor?
Someone who puts their money into a small business in hopes that the company will take off.
The ability to quickly note solutions to solve designed problem
Brain storming
What are 2 characteristics of a good entrepreneur?
Adaptability, creativity, decisiveness, persistence, curiosity.
Startups “have concrete procedures, protocols, and guidelines that govern daily operations”
False: Corporate
The founders of this company wanted to create an app that would allow photos that were sent to disappear.
Snapchat
What is a pitch?
The proposal of a business idea.
Utilizing and exploring your connections in order to best set yourself up for success
Networking
What are the risks of start-up entrepreneurship?
Financial risks, less team experience, less opportunity.
6 out of 10 Startups fail.
False; 9/10
The founder of this company who was a second-year student at Harvard that wanted a social networking site for Harvard students which rapidly expanded.
What is outsourcing?
To attain goods from other sources that aren’t your own company.
A set in stone document that outlines the plans and goals of an operation
Business Plan
What are the benefits of startup entrepreneurship?
Better team chemistry, you adapt to change better, your work has a visible impact.
Startups are fast-paced and work as a small team.
True
The founder of this company, an undergrad at New York University wanted to have an app where users could have an SMS service to communicate with a small group of people.
What does it mean to launch?
To start your business.
It is the mental reservoir of strength that people are able to call on in times of need to carry them through without falling apart.
Resilience
When was the term entrepreneur created?