Entrepreneurial Fundamentals
Who is known as the "Father of Entrepreneurship" for his theory of Innovation?
Joseph Schumpeter
What does MVP stand for in the Lean Startup methodology?
Minimum Viable Product
An affluent individual who provides capital for a business startup, usually in exchange for convertible debt or ownership equity.
Angel Investor
What are the four components of a SWOT analysis?
Strengths, Weaknesses, Opportunities, and Threats.
Who is the founder of the Virgin Group, known for Serial Entrepreneurship?
Richard Branson
The term "entrepreneur" is derived from the French word entreprendre. What does it mean?
To undertake
An organization that helps early-stage startups grow by providing office space, mentoring, and training
Incubator
The very initial capital used when starting a business, often coming from the founders' assets or friends/family.
Seed Capital
What is a "Freemium" business model?
Offering a basic service for free while charging for premium features.
Who founded Nykaa, a major Indian e-commerce startup?
Falguni Nayar
An employee who acts like an entrepreneur within an existing organization.
Intrapreneur
A brief presentation used to provide an overview of a business plan to potential investors.
Pitch Deck
Raising small amounts of money from a large number of people, typically via the internet.
What is a "Blue Ocean Strategy"?
Creating a new, uncontested market space where competition is irrelevant.
Which company started in a garage and is now the world’s largest e-commerce platform?
Amazon
The process where new innovations replace older, outdated technologies and business models.
Creative Destruction
What is "Product-Market Fit"?
The stage where a startup has built a product that satisfies a strong market demand.
What is "Pre-money Valuation"?
The value of a company before it receives any outside investment or the latest round of funding.
What is "Disruptive Innovation"?
An innovation that creates a new market and value network, eventually disrupting an existing market.
Which government initiative was launched in India in 2016 to support startups?
Startup India
An entrepreneur whose business is based heavily on technological innovation.
Technopreneur
A privately held startup company with a valuation of over $1 billion.
"Unicorn" startup
What is a "Term Sheet"?
A non-binding agreement outlining the basic terms and conditions under which an investment will be made.
What is "Niche Marketing"?
Focusing on a small, specific, and well-defined segment of the population.
Who founded the "Grameen Bank" and won a Nobel Prize for Micro-entrepreneurship?
Muhammad Yunus