Startup business terms
The amount of time a startup can operate before running out of funds.
What does Burn rate mean?
This blockchain-based technology enables fast, secure, and transparent transactions without the need for intermediaries.
What is Bitcoin?
Co-founder Ceo and chairman of Apple worth around 2.77 trillion
who is steve jobs?
Kickstarter campaign
A campaign that allows entrepreneurs to raise money by offering rewards or products to backers
Mark Lacker emphasizes the importance of ____ when teaching.
What is student responsibility?
Slang that refers to self-funded startups or companies
What is Bootstrapping?
This form of healthcare delivery allows doctors to diagnose and treat patients remotely through telecommunications technology.
What is Telemedicine?
Founder of the biggest online retail store (Amazon) worth 108 Billion dollars
Who is Jeff Bezos?
SharkTank
TV show that showcases start ups and has 5 investors that give people funding in exchange for equity in business?
Mark Lacker won Miami University ________ of the year.
What is the Alumni Association's Effective Educator?
Financing an endeavor or undertaking by getting small sums of money from many people
What is Crowdfunding?
This system digitizes patients’ medical histories, making them easily accessible to healthcare providers.
What are Electronic Health Records (EHRs)?
Founder of Space V Ceo of Tesla also created PayPal and is now the Owner of Twitter
Who is Elon Musk?
Small Business Innovation Research (SBIR) program
The U.S. government program provided funding and support to innovative startups and small businesses
Mark Lacker's challenge is to teach students how to make _____ and a ______ in organizations.
What is meaning and difference?
Initial Public Offering is just a way for a business to raise funds from the public
What is IPO?
This startup became famous for its at-home DNA testing kits and has revolutionized consumer genetics.
What is 23andMe?
Founder of Facebook who dropped out of Harvard to pursue Facebook
who is Mark Zuckerberg?
Venture Capitalists
What are the investors on Shark Tank called
What three qualities does Mark Lacker emphasize as being essential for high-growth companies?
What is ambiguity tolerance, quick learning, and collaboration?
The rudimentary version of your product or service that just has the most essential functionality is called an MVP, or minimum viable product.
What does MVP stand for?
This type of Fintech service provides automated, algorithm-driven financial planning with minimal human intervention.
What are Robo-Investors?
Founder of Dell Technologies youngest famous entrepreneur (19)
who is Micheal Del?
Public Funding
An investment that is raised through the sale of securities to the public, often through an Initial Public Offering (IPO).
What are the two main drivers of Lacker's passion?
What is his team and his students?