Starting a Startup
This is a common starting place for startups...
What is Silicon Valley
In just eight weeks, two guys produced this photo-sharing software. A Stanford alumnus named Kevin Systrom, who worked on Google's Gmail and corporate development, spent his weekends creating an app called Burbn that allowed location-aware photo and note sharing.
What is Instagram
This is what SBA stands for
What is the US Small Business Administration
These are your competitors in a small startup buisiness
What is similar business or products
This is the percentace of entrepreneurs that start with <$25,000
what is 58%
This is the Average SBA loan
What is $13,000
This manufacturer of electronic cigarettes, which controls 30% of the US market, held its third round of talks with prominent investors and businessmen in 2014, following which it was able to get $70 million.
What is Njoy
Kickstarter and Indiegogo are examples of this
What is crowdfunding websites
This is how much money is needed to be kept in a small business in order for it to run
What is three to six months of expenses
This is the expected percent of growth for startups from 2021-2027
What is 36%
These 3 things are a good idea to check When starting your company
Market, Economy, and Competition
The weekly revenue of this online taxi call service is about $20 million, and its founder, Travis Kalanik, has been listed in numerous lists of the world's wealthiest persons for a number of years. Two people's complaints and ideas for finding cars in a timely basis were the catalysts for this.
What is Uber
A person who invests in small businesses in exchange for convertible debt or ownership equity?
What is an Angel Investor
_____ is needed in order to successfully sustain a small business
This is how many jobs do all startups provide in the first year?
what is 3 million
This affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability
What is Business Structure
The founders of this famous mobile gaming app failed 51 times before making a successful one
What is Angry Birds
This is what a startup is called when the company reaches one billion dollars worth of revenue without being publicly traded on the stock market.
What is a Unicorn Firm
This is one common way small businesses are promoted on the web...
what is paid advertising
This is how often startups are invented?
What is every 3 seconds
This is how you officially register your business in most states
What is registering your business name with state and local governments
This company was inspired by the story of three men who built it from renting mattresses to a $10 billion enterprise. Designers Brian Chesky and Joe Gebbia were unable to pay their rent in 2007 for their apartment in San Francisco.
What is AirBnB?
This is a debt borrowing vehicle used by the company to finance its operations
What is a working capital loan
A small business is considered to be around under what amount of employees?
What is 500
This is the percentage of people who think startups are all tech-based
what is 90%