Famous Startup Entrepreneurs & Their Companies
Startup basics and funding
Product Testing
Problem Clarification
Process and Hurdles
100

These two PHD students created this extremely popular search engine now used by over 4.3 billion users worldwide.

What is Google

100

What is the most common strategy that people use to raise funds for a startup?

What is Crowdfunding

100

The smaller group of a target audience that is the first to experience products before launch.

What is a test market? 

100

This vital resource in the problem solving process is often overlooked because workers fear that using too much of it will lead to punishment.

What is time? 

100

What’s the first step in building a team?

What is find people who align with your values? 

200

Amazon, originally created as a bookstore, now is the largest online retailer in the world, was created by which entrepreneur?

Who is Jeff Bezos

200

What is the form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential?

What is Venture Capital

200

This method of testing involves in-depth discussion focused on a select group’s experiences with a product.

what is a focus group
200

When addressing a problem, it is important to understand this, so you know what you are ultimately working towards.

What is a desired outcome?

200

How do haters play a role in startups? 

What is they tear an entrepreneur down? 

300

Elon Musk, the founder and creator of Tesla, SpaceX, and the Boring Company, created this American multinational financial technology company.

What is PayPal

300

What is the name for the written document that outlines your ideas and strategies for launching, managing, and eventually exiting your new venture?

What is a Business Plan?

300

The number of product concepts chosen from a test market depends on…

what are company resources and strategies 

300

This individual has a deep understanding of the field or domain the problem is in, and often leads initiatives.

what is the problem champion? 

300

How do good relationships play a role?

What is they build you up? 

400

This house sharing and rental company was created in 2007 by the founders Brian Chesky and Joe Gebbia to battle the shortage of available hotels.

What is Airbnb

400

What is the name of the phase of a business in which the company is just a mere idea or thought?

What is the seed phase? 

400

A low “_____ _______” early on in product development is an indicator that criteria for moving products forward is not stringent enough.

What is a kill ratio?

400

The creation of this helps to capture what you have learned about your problem, and establishes what success means.

what is a Problem Statement?

400

What percent of startups end up failing? 

What is 9/10 or 90% of all the startups fail? 
500

What is the name of the successful startup co-founded by Jim McKelvey and Jack Dorsey, which was inspired by a small problem related to accepting credit cards for artisan glassware sales?

What is Square

500

What is an individual who gives money to a startup company in its initial stage in exchange for a stake in the business?

what is an Angel Investor

500

This form of product testing exposes a sample of consumers to a product in a controlled environment.

what is a Laboratory simulation

500
  1. This famous creative once said ““If I were given one hour to save the planet, I would spend 59 minutes defining the problem and one minute resolving it,”

Who is Albert Einstein 

500

How do you get to market? 

What is build awareness, build a funnel of perspective clients, and sell?