All in Startup
Name of the company that Owen Chase started up
What is ReBicycle?
Someone to provide products or services to
What is a Customer?
The practice of sourcing ideas from both external and internal venues
What is Open Innovation?
Quick statement of an idea, product, or company that is used in business to ask for help in investments or for mentor-ship
What is an Elevator Pitch?
Combines the passion of a social mission with the image of business-like discipline, innovation, and determination helping to develop new models for a new century
What are Social Entrepreneurs?
What is the World Series of Poker?
The term used to show that a business can survive by generating a profit and has good moneymaking characteristics
What is Sustainability?
Conventional strategies used to improve on existing capabilities in existing markets
What is Sustaining Innovation?
Raising small amounts of money from a large amount of people; alternative form of financing
What is Crowdfunding?
Spearheading new programs, products, services, policies, innovation in an already existing company; taking leadership, building credibility, and making an impact while exercising your creativity
What is an Intrapreneur?
The method used to figure out the wants and needs that your customers have directly
What are Customer Interviews?
The term used to show that a business has the ability to scale and thrive for long periods of time
What is Growth Potential?
Explore unconventional areas of expertise and expose the problem to diverse ideas
What is Breakthrough Innovation?
Pursuit of differentiation and low cost in uncontested market space creating new demand; values pioneering
What is the Blue Ocean Strategy?
The creative challenge invented by Peter Skillman where you take a team of people to build a free standing tower using basic household items
What is the Marshmallow Challenge?
Urban planner from Charlotte, North Carolina gave Owen's company new hope when he introduced this service program
What are bike share programs?
Shows that you have the right knowledge and skills to successfully execute a business concept; ability to identify and recruit
What is Expertise?
Thinking outside of the box to create solutions in a new and somewhat unorthodox manner
What is Disruptive Innovation?
Using your own money to start a venture to reduce reliance on investors and banks; limited capital available; zero inventory, just in time system
What is Bootstrap Financing?
The foundation of every team according to the YouTube video we watched called, "The Five Dysfunctions of a Team"
What is Trust?
Name of the company that sold merchandise in vending machines at airports that Samantha started up
What is Fly Baby?
Emerging technologies, current competitive structure meeting your needs, how the venture accommodates your current lifestyle and status
What is Timing and/or Fit?
The discovery on new phenomenons by discussing and reviewing already existing knowledge through academic partnerships, journals, conventions, and etc.
What is Basic Research?
Used to resolve risks quickly with limited expenditure by relying on a minimum viable product; the smallest possible set of activities
What is Lean Experimentation?
Storing/preserving equipment or facilities for later use
What is Mothballing?