LESSON 8 PRE QUIZ

Choose the right option to answer this question!

All right, now don’t you think a big company could outcompete you on this?

• No, because we have a unique value proposition that they can't replicate
• Yes, because they have more resources
• Yes, because they have a larger customer base
• Yes, because they have more experience

Choose the right option to answer this question!

So you have some growth. That’s impressive. But why do you need our money?

• To scale up the business
• To pay off existing debts
• To increase personal salary
• To buy a new office

Choose the right option to answer this question!

Okay, that sounds good. But if you want my money, tell me what convinces me that you’re backable.

• Well, I’m backable because I’m a proven business leader. I know how to grow a company.

• We’re going to hit the West Coast, saturate California and secure a foothold for a nationwide launch

• I’ve got a million dollars of my own money and three years of my time in this.

• I have a nice personality

Write a response when the investor asks about your commitment and how sure you are about the business!

Question: "What actions have you taken to demonstrate your commitment to this business and how certain are you that it will thrive in the current market?"

You can use IT-related vocabulary to support your answer.

Write a response when the investor concerns that a larger company will ruin your plans that makes the investor decide to stop supporting your business!

Question: "How do you plan to defend against the threat of another company's disruption? How would you ensure the sustainability of your venture?"

You can use IT-related vocabulary to support your answer.