Famous Startup Entrepreneurs
This founder of Tesla and SpaceX is known for pushing the boundaries of electric vehicles and space travel.
Who is Elon Musk?
This term refers to a small business venture, often provided by friends, family, or personal savings.
What is "seed capital"?
The amount of money a business earns after expenses are subtracted.
What is profit?
In return for money invested into the company, investors get a share of the company which is called equity.
What is Equity
This ride-hailing company, now worth over $100 billion, started as an idea to revolutionize the taxi industry.
What is Uber?
This entrepreneur co-founded Microsoft with Bill Gates in 1975
Who is Paul Allen?
This type of funding comes from a group of investors pooling their resources to invest in early-stage companies.
What is venture capital?
A person who organizes and manages a business, usually with considerable initiative and risk.
What is an entrepreneur?
The initial round of funding for a company
Seed Funding
This term, referring to startups valued at $1 billion or more, was first coined by venture capitalist Aileen Lee in 2013.
This entrepreneur co-founded Twitter and later launched the payment platform Square.
Who is Jack Dorsey?
A term for an unexpected obstacle or challenge that a startup must overcome to succeed.
The act of starting and running a business, taking on financial risks in the hope of profit.
What is entrepreneurship?
When a startup reaches profitability without borrowing money
What is Bootstrapping
This startup became the fastest company in history to reach a $1 billion valuation, doing so in just six months.
What is Jet.com?
This co-founder of YouTube sold the company to Google for $1.65 billion in stock just 18 months after launching.
Who is Chad Hurley?
This term describes the risk of a startup failing because it runs it runs out of money before it becomes profitable.
What is a runway?
A detailed plan for achieving success in situations such as war, politics, business, industry, or sports, or the skill of planning for such situations.
What is strategy?
When a startup reaches profitability without borrowing money
What is an angel investor
This unicorn startup, led by Elon Musk, aims to make space travel affordable and accessible to civilians.
What is SpaceX?
his co-founder of Airbnb started the company in 2008 to help people rent out their homes or spare rooms to travelers.
Who is Brian Chesky?
The acronym MVP stands for this.
What is the Minimum Viable Product?
The management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.
What is finance?
Name each round of funding after the seed stage?
What is Series A, B, and C
A startup founder should monitor this ratio to compare how much cash is being spent on acquiring customers versus the revenue generated per customer.
What is customer acquisition cost (CAC) to lifetime value (LTV) ratio?