Startup Management Fundamentals

What is the most common mistake founders make with a startup idea?

• Not solving a real problem

• Getting stuck on a tarpit idea

• Not evaluating an idea

• Waiting for the perfect idea

• All are correct

Answer explanation

These are three things that make startup ideas seem bad, but actually make them good, EXCEPT..

• Hard to get started

• Boring space

• Existing competitors

• Become an expert on something valuable

How can you come up with a good startup idea?

• Start with what your team is especially good at

• Start with a problem you've encountered

• Think of things you personally wish existed

• Look for things in the world that have changed recently

• All are true

Why is it important to evaluate startup ideas?

• To predict if an investor will like the idea

• To ensure startup growth

• To construct a hypothesis

• To find out if the idea is scalable

What is the formula for changing human behavior?

• B = M + A + T

• Ideal = 1M+ users

• Insight = Unfair advantages

• Market 20% year

What are the criteria for a problem to be considered as a startup idea?

• Popular & urgent

• Basic & meaningful

• Complicated & big

• Easy to solve & urgent

What particular 'insight' a startup needs to give to an investor?

• Unfair advantages

• Projection

• Identity

• Solution

When does a startup stop being a startup?

• Merger with another company

• IPO

• Get acquired by another company

• All correct

These are the definition of startup, except....

• High potential

• Relies on technology

• Fast growth

• Almost impossible to execute

In the beginning of a startup life, the funding system usually uses...

• Bootstrapping

• Series A

• Series B

• Series C