| Fundamentals | Terms | Myths of Entrepreneurship | Startup Entrepreneurship | Success or Non-success |
|---|---|---|---|---|
|
What is a Founder
People who establish and start a company/business
|
What is Unicorn
A startup that reaches and or exceeds billion dollar value
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What is True
Entrepreneurs are risk-averse by nature
|
What is Idea
Transformation of an _____ into a commercial opportunity
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What is Successful
This social media platform allowed users to upload and edit photos, and videos, and connect with friends on an app Instagram
|
|
What is Technical Founder
Founders with a background in technology and the ability to code
|
What is Pivot
When a business implements a significant change to its core products or services to accommodate changes in their industry, customer preferences, or any other factor that impacts its bottom line
|
What is False
Most successful entrepreneurs start their companies with millions in venture capital
|
What is Opportunities
Taking advantages of __________ without regard for availability of resources
|
What is Not successful
This is one of the world's leading retailers of toys American company’s called Toys R US
|
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What is Accelerator
A business program that supports start-up companies in their early stages through education, financing, and mentoring
|
What is B2C Company
The exchange of products and services between businesses and customers
|
What is True
Most entrepreneurs have an incomplete business plan that contains a lot of assumptions
|
What is Mindset
It is the ______ of individuals who want to change the future
|
What is Not successful
This American-based rental service allowed people to rent movies and video games in a store called Blockbuster
|
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What is Incubator
A business program that offers long term advisement programs for startup companies and new ventures
|
What is B2B Company
The exchange of products and services between businesses
|
What is False
Most entrepreneurs have strong track records
|
What is New companies and small businesses
What is an example of startup entrepreneurship
|
What is Successful
This service allowed property owners to rent out their houses to people on Airbnb
|
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What is Bootstrapping
The process of starting a company/new venture with only personal savings
|
What is value proposition
A statement that clearly communicates the value a company's product or service brings to its customers
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What is False
Most entrepreneurs are successful because they have a “breakthrough invention”
|
What is True
Focuses on testing product ideas before spending the money on developing an entire product
|
What is Successful
This transportation platform allowed people to connect to drivers at any location and permitted drivers to charge fares and get paid; this app was called Uber
|
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