Fundamentals
The first mockup of your desired product
What is a protoype?
Founded by Mark Zuckerburg while attending Harvard University
What is Facebook?
An idea, design, or manuscript that has a waiting patent, but still has legal backing.
What is intellectual property?
What type of leader leads without any consultation?
What is autocratic leader
This revolutionary miniature car racing toy that started in 2010 was discontinued in 2019 despite its environment adaption technology.
What is Anki Overdrive?
The people most likely to buy or interact with your product or service
This app started off by the founders going door to door delivering to the students on their campus. The company is now worth $42.7 billion.
What is Doordash?
A broad term covering the internal rules, regulations, procedures, and state laws governing ones' business.
What are corporate compliance laws
What is a multi-level hierarchical management structure working from the top down
What is tall organizational structure
This startup company had $101 million to make flying cars a reality until their CEO reluctantly announced after a decade that “we could not find a path to a viable business.”
What is Kitty Hawk?
A description of how the entrepreneurs are planning to make money with their ideas and business concepts
One of the most popular video streaming services globally, started as a rent-by mail DVD service, now worth $30 billion
What is Netflix?
a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to
What is a non disclosure agreement?
: What type of leader prioritizes the needs of team members first and serving more as a support coach
What is servant leader
This short video streaming service ended after its short run of 6 months and a loss of $1.75 billion in investor money “...because the idea itself wasn't strong enough to justify a standalone streaming service or because of our timing."
What is Quibi?
A contractual agreement that permits a company to produce and market their product.
What is licensing?
Sara Blakely started this brand while going door to door selling fax machines. Oprah called her product her favorite which gave the company a major boost in profit.
What is Spanx?
an agreement between the shareholders of a company which generally sets out the shareholders' rights, privileges and obligations along with the foundation of how the corporation will be set up, managed and run.
What are shareholder agreements?
What is the name of the management department that is responsible for acquiring and developing talent?
What is human resources department
This startup attempted to plunge the world into the digital currency age by providing Bitcoin transfer across different regions, until the company declared in 2014 that doing so would be impossible.
What is 37Coins?
A clear concise description of an oppurtunity.
What is a business concept?
What is The Honest Company?
Startup businesses need to prioritize setting up taxes and IRS contacts to avoid being investigated or audited by the IRS for failure to pay taxes or something among that legal realm.
Startup business Tax:
: What type of management strategy has to do with providing regular feedback and coaching to team members
What is performance management
This video game developer was a leader in creating interactive stories by empowering players with the simple mechanic of “the story adjusts to the way you play.”
What are Telltale Games?