Startup Terminology
What is an MVP?
Minimum Viable Product (The most basic product required to solve the problem your startup is focusing on)
What is the Columbia University initiative where undergraduates can win money for their startup through a three-rounds competition?
Columbia Venture Competition
This person is from Greece
Ariana
The biggest startup accelerator of USA located in San Francisco
Y-Combinator
This CORE event teaches you the fundamentals of entrepreneurship (and you should come if you are losing at this Jeopardy!)
Enterprises
What is an Angel Investor?
An individual that finance startups with his own money in exchange of equity. (Usually smaller amount than Venture Capitalists)
How much was the total prize pool of CVC for Spring ‘19?
$250,000
Jillian, Michael
This company went from a $47 billion valuation to a failed IPO
WeWork
This CORE event is located in downtown Manhattan
Almaworks
What KPI stands for?
Key Performance Indicators — The metrics that a startup should focus in order to evaluate its own performance.
Where the Columbia Entrepreneurship Design Studio is located?
Riverside Church
This person took a gap year and worked in Tokyo and South America
Mohith
Which startup started as a RPG videogame and then pivot to a cloud-based instant messaging platform?
Slack
This CORE event is in collaboration with Princeton University
TigerLaunch
What MRR stands for?
Monthly Recurring Revenue - One of the primary metric that startups should focus during early stage.
Who is Richard Witten?
The founder of Columbia Entrepreneurship
This is the year CORE was founded
This AI startup got recently an investment from Microsoft of $1B
OpenAI
This department takes care of evaluating the metrics of CORE
CPI - Core Performance Indicators
How can a startup achieve CAC = 0?
If a startup gain new customers just only through word of mouth, the customer acquisition cost is equal to 0.
How much awards are granted annually to Columbia startups by Columbia University?
This person revived CORE in the past
Kevin Zhang
This electric transportation company raised $275 million in Series D at a $2.5 billion valuation
Bird
Which other club helps CORE to organize Blueprint Designathon?