succesful entrepreneurs
He started amazon in a basement in 1994
who is Jess Bezos?
A period of fast paced business growth that is unsustainable
what is hockey stick growth?
this was meant to be a mobile shopping site, but is now used to make pins and boards
what is Pinterest?
when your product is completely new
what is innovation?
this type of problem sparks opportunities when people struggle with inefficiencies in daily life
what is a pain point?
he co founded apple and is known for his product design philosophy
who is Steve Jobs?
erm referring to a startups early supporters who try products before they are released
who are early adopters?
this app failed as a dating site, but is now one of the biggest video platform
what is YouTube?
how much your company is worth
what is value?
is the term most often associated with the word opportunity?
what is chance?
you've seen him on shark tank, he also started the brand FUBU in his mothers house
who is Daymodn John?
the amount of time a company has before it runs out of money
what is a runway?
was originally a podcast platform and is now used for tweets
what is twitter?
Money you borrow from a bank
what is a loan?
entrepreneurs look at cultural and technological shifts to uncover these
what are trends?
he started as a sales assistant, at brooks brothers, he then launched polo and grew worldwide
who is Ralph Lauren?
short term version of a product used to test an idea quickly and cheapy
what is a minimum viable product?
This service was failing when these Entrepreneurs had to use an air mattress to sleep on in their conference room, this is when they got the idea...
what is AIRBNB?
A story to get the hierarchy of ur company to care about
what is a pitch story?
this is the process of identifying gaps between what consumers want and what existing solutions already offer
what is opportunity recognition?
him and his younger brother opened Walmart
who is sam Walton?
a short persuasive speech about a startup
what is an elevator pitch?
This company was used for playing cards before it was switched to be used for gaming consoles
what is Nintendo?
a group of people or a single person who gives you money for your company
what is an investor?
opportunities that come from new ways of delivering value, like streaming instead of DVDs fall into this innovation type
what is business model innovation?